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Best and worst cars to buy and own – depreciation-wise

30th January 2024

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When buying a new car, it’s always worth thinking about the potential resale value and how much it will depreciate over time. Robin Roberts (and WheelsWithinWales) reports…

Some cars can prove to be very worthy investments, with their value increasing over time, while others may drop quickly in value as soon as they leave the forecourt.

Elements such as age, condition, mileage and number of owners are all influencing factors, and there are many things that you can do to minimise the effects of depreciation, but choosing a vehicle that holds its value well is always a good place to start. Scrap Car Comparison‘s new analysis highlights the worst and best buys for your money.

Which Car Models Depreciate the Quickest?

With this in mind, they’ve looked at some of the UK’s top-selling vehicles and calculated their average depreciation over the average ownership period for a car in the UK (four years) to try and help give an idea of how different car’s values can decline quicker than others.

The Renault Zoe tops the tables as the car with the highest average four-year depreciation rate, with the £31,195 average selling price dropping down to just £10,238 after four years, with 67% of the vehicle’s value lost as a result. The Peugeot 2008 follows in second with an average depreciation rate of 66%, with the Audi A3 rounding off the top three at 65%.

 

Rank Car Model Base Price Average value after 4 years Value lost (after 4 years) Average 4-year depreciation rate (%)
1 Renault Zoe £31,195 £10,238 £20,957 67.20%
2 Peugeot 2008 £23,005 £7,768 £15,237 66.20%
3 Audi A3 £26,660 £9,254 £17,406 65.30%
4 LR Defender £55,265 £19,701 £35,564 64.30%
5 BMW 7 Series £102,990 £41,462 £61,528 59.70%
6 Audi A8 £76,225 £31,379 £44,846 58.80%
7 Peugeot 5008 £35,585 £15,290 £20,295 57%
8 Nissan Leaf £28,495 £12,499 £15,996 56.10%
9 Peugeot 3008 £31,620 £13,870 £17,750 56.10%
10 Peugeot 508 £32,960 £14,751 £18,209 55.30%
11 MB E-Class £54,185 £24,730 £29,455 54.40%
12 Kia Sportage £27,950 £13,003 £14,947 53.50%
13 Audi A6 £42,605 £20,196 £22,409 52.60%
14 Hyundai i30 £22,700 £10,760 £11,940 52.60%
15 Ford S-Max £38,565 £18,618 £19,947 51.70%
16 Kia Sorento £43,205 £20,858 £22,347 51.70%
17 Vauxhall Astra £25,795 £12,453 £13,342 51.70%
18 BMW X5 £66,230 £33,127 £33,103 50%
19 Vauxhall Mokka £23,495 £11,752 £11,743 50%
20 Audi Q5 £45,425 £23,113 £22,312 49.10%

 

Which Car Models Depreciate the Slowest?

For those looking for a vehicle that holds its value, the Volvo V90 fits the bill, as the car that depreciates the slowest according to our data.

With only 7.9% of the vehicle’s value lost after four years, this model is definitely a sounder investment than others. The Volvo XC60 follows closely in second place, losing just 11.5% of its value in four years.

The Mercedes Benz A-Class (14.4%), Jeep Wrangler (17.5%) and Volkswagen Polo (18.3%) complete the top five, with any one of them likely to hold their value well over the first few years of ownership.

 

 

Rank Car Model Base model price Average value after 4 years Value lost (after 4 years) Average 4 year depreciation rate (%)
1 Volvo V90 £48,825 £44,955 £3,870 7.9%
2 Volvo XC60 £45,675 £40,425 £5,250 11.5%
3 MBenz A-Class £30,800 £26,351 £4,449 14.4%
4 Jeep Wrangler £57,810 £47,692 £10,118 17.5%
5 VW Polo £19,640 £16,051 £3,589 18.3%
6 Range Rover £102,100 £82,658 £19,442 19%
7 Volkswagen Golf £25,615 £20,737 £4,878 19%
8 MBenz C-Class £44,060 £35,330 £8,730 19.8%
9 Porsche 718 £51,800 £41,536 £10,264 19.8%
10 Toyota C-HR £29,920 £23,760 £6,160 20.6%

 

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Categories: News & Views, Robin Roberts Tags: best and worst cars depreciation-wise, New car depreciation

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