Family cars 'depreciate quickest'

[Shude]

Just heard this on the radio 2 business news:

Family cars 'depreciate quickest'

Family cars lose their value quickest, while prestige brands such as BMW suffer the least price depreciation, a report claims.
The Alliance & Leicester report said family cars lost nearly two-thirds of their value after three years.

But compact executive cars and 4X4s had lost only a fraction of their value after one and three years.

The report suggests that buyers looking to keep total costs down pay a little extra for cars with high resale value.

"Careful buyers can make sure their investment continues to hold its worth over the years - factoring in depreciation is key to saving money in the long run," Andy Bayes, head of personal loans at Alliance & Leicester, said.

German car brands dominate the list of cars suffering the smallest loss in value.

The BMW 3 series and the Volkswagen Polo are both worth around 70% of their new price after three years.

The Mercedes C-Class is worth 86% of it is initial purchase price after one year according to the report.

Here is the page on BBC's news site: Family cars 'depreciate quickest'

It's not like we didn't know it, but it's nice to be reminded isn't it?

 

[Steve_Perry]

It's not like we didn't know it, but it's nice to be reminded isn't it?

Good isn't it ?

The BMW 3 series and the Volkswagen Polo are both worth around 70% of their new price after three years.

Not the Polo I'm currently driving around more like 30%

S.

 

[Shude]

Not the Polo I'm currently driving around more like 30%

Well, any car that size holds it's value well, unless the previous owner happens to be "abc school of motoring" or "xyz motors". Then the value becomes basically nil .