New cars lose 75% of value in three years
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Some new cars could lose three-quarters of their value within three years, Which? magazine says today. It said even the least-depreciating models will shed about half their value.
Some new cars could lose three-quarters of their value within three years, Which? magazine says today. It said even the least-depreciating models will shed about half their value.
Two vehicles - the Perodua Kenari EZi 1.0 and the Proton Wira 1.5 LXi - will lose 77 per cent of value over three years. Other vehicles losing around three-quarters of their value include the Nissan Primera 1.8 SX and the Suzuki Alto 1.1 GL.
One of the vehicles to hold its value best is the BMW 1 Series 116i SE, which is expected to lose only 49 per cent of its value over three years - the same figure as the Mercedes-Benz C Class C180 SE Sports in the large car sector. The Mini Cooper 1.6 is the best value-retaining supermini, depreciating by only 50 per cent over three years.
The editor of Which?, Malcolm Coles said: "Some cars lose value hand over fist. If you're buying a new car, look at the amount you're going to lose in hard cash. Can you really afford to throw away that much money?
"It can be worth paying up front for a more desirable car that holds its value well. Buying a cheaper car that depreciates rapidly is a false economy."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments