Top 5 Worst Cars For Depreciation
Will the car you're looking to buy hold or lose its value over 3 years? Check out the top 5 worst cars for depreciation.
- 26 Apr 2021
Your car could depreciate up to 50% or more over three years of ownership.
When choosing your new car, the fuel consumption may play a big part in making the decision but in the long run, depreciation is going to be the biggest cash loser if you let it.
Reasons a car depreciates in price could be:
- Mileage - the car travels further than the average 10,000 miles. The more miles the car completes, the higher the depreciation rate
- Reliability - many cars have a reputation of not being reliable. The less reliable a car is, the less your car is worth
- Number of owners - the fewer owners, the better.
- The condition - if the car is looking a good (e.g. it has minimal damage to the interior and exterior), it will hold it's value well
- Service history - the more complete this can be, the better it is for depreciation levels in the future
- Length of warranty - a three year warranty will help keep the value high. If you can choose for a longer duration - even better!
- Size - small cars depreciate slower than larger cars.
We've put together a list of the WORST cars for depreciation. Check it out before buying your next car!
The five cars that depreciate most over three years
AVERAGE PRICE (NEW)
|AVERAGE % OF THE NEW PRICE RETAINED||VALUE AFTER THREE YEARS|
|Mercedes S-Class Cabriolet||£125,010||24.2%||£30,300|