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What is depreciation?
Depreciation is the hidden cost of buying a new car. Hidden that is until you decide it's time to sell – and find a huge chunk of cash has been wiped from its value.
So, let us take you through the classified ads search engine Adzuna's list of the top ten depreciating cars since 2009 – and remember that heavy depreciation from new means a bargain buy on the used market... Figures are based on 600,000 used car ads across 100 locations; cars listed in reverse order.
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"The UK's top 10 most depreciating cars" .........
make great used car buys!
I don't know why anyone would buy a brand new car - it's like throwing money down the toilet!
They forgot the Cadillac BLS, was £26,000 start of 2009, now you can get it second-hand for £3000
Although Ferraris depreceate heavily, they are an excellent second hand buy.
These supercars usually only do a few thousand miles a year, so a 4 year old one at half price may only have covered 10 - 15000 miles!
However, running costs are astronomical. For example, the cam-belts have to be changed every 3 years at a cost of about £2000. Affording to buy the car is only part of the equation.
I was saving up for a roughly 10 year old Ferrari (355 0r 360) but the price keeps going up. A decent one will be £35 - 45K
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Date 25/07/14, Duration 3:54, Views 2408