There is not one manufacture who makes a bad new car.
With technological advances, we have leapt forward in safety, fuel economy and reliability so why do some new cars lose money value a lot quicker than others.
Why should the rates of depreciation even matter when you are buying a new car?
At the moment some new cars are very sort after. The Land Rover range for example has never been so popular. German engineering also means that the Audi Volkswagen, BMW and Mercedes ranges are also very valuable even as a used car. Some models are even seen as fashion accessories.
But just like high street fashion the trend for certain makes and models of new cars can change. Admittedly it normally takes a long time but it can change nevertheless. Before you buy any new car some of us would decicde a budget and then start to compare various models within a certain parameter. But this is not the whole story. For various reasons some cars even purchased at the same price will be worth a lot less in two three of four years time.
This means that to really compare any list of new car’s you really should look at the rates of depreication for example
Lets say that you have £12500 to spend to buy a new car.
You are un decided which new car to buy as we have said no -one makes a bad new car so decide to test drive three. A basic new Citroen C3, a base model Volkswagen Polo and a entry level Vauxhall Astra.
According to What car …
You will Pay 11390 for the C3 which will be worth £4725 by the end of the third year
You will pay £10085 for the Volkswagen polo which will be worth £5125 by the end of the third year
You will pay £12995 for the Astra which will be worth £6201 by the end of the third year.
For the moment lets forget the differences in fuel economy and road fund licence and lets look at the over all costs.
Over a three year period the VW will cost you the least at just £4960 followed by the Astra and C3 which would cost you just over £6794.
So while no one makes a bad new car some are made better than others.
A top tip to use when you are buying a new car is to look at What Cars depreciation calculator.