We all know that when you buy a brand new car, the moment you drive it out of the showroom it loses a lot of its value. But with the finance deals many showrooms now offer, it could be more financially viable to purchase a brand new car than a second-hand one.
Many dealerships now offer to contribute to your deposit, or even put down the entire deposit on your behalf. Combine that with benefits such as three years free servicing and road tax for a year, it may well be the best option. But one thing you can’t avoid when buying new is the depreciation rate. This is something that dealerships can’t control.
But, by doing a bit of research, you can find cars which don’t lose as much of their value, making them the best deal. Here are some things to consider:
Fast cars are inevitably expensive, and are notorious for high depreciation levels. However, due to recent popularity levels and consumer trends, some sports cars are now better at holding their value. Take the Porsche 911 GT Coupé, which has a retained value level of 72% after three years.
If you’re after a more practical, family-friendly car, then you should consider the BMW X3 diesel that has a retained value of just over 70% after the first three years.
Don’t want a family car but don’t want a crazy sports car either? Then the Audi A1 diesel is a great city car yet still comfortable for longer journeys. This model currently holds a 63.6% retained value after the first three years or 30,000 miles.
