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Understanding Car Depreciation

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Sold for one tenth of the car’s original price! A bit extreme but it can happen, don’t you think? This is your car’s hidden value that you will only realize once you decide to sell it. Car depreciation is a fact of automotive life that you should be aware of, that is if you want to get the best value and benefit from your car. Depreciation is known as the decrease in your car’s value over time. Usually the measure is used as a percentage of the value of the car after three years, or after 36,000 miles. There are a number of studies done to find what cars depreciates fast, and which cars depreciate less over time. One thing stands clear though, that car depreciation is a fact of life and that drivers and car consumers should accept this bitter fact. Just because this is given, doesn’t mean that there is no escape from depreciation. In fact there is; there is a way to lessen the impact of car depreciation. That’s by being well-informed and by making the right decisions at the right time. So I checked on some articles that mentioned car depreciation, and one car that is mentioned that can least depreciate over a span of three years is the Mini. At least in UK, there is a survey that was conducted that indicated that Mini is the car that depreciates the least. An article on MSN.com also listed the ten car models that fight depreciation best. The article listed the BMW M5, the Mercedes-Benz SLK 200K, the Jaguar XK, the Range Rover Sport 2.7 TDV6 S, the Audi TT, the Mini Convertible, the Audi Q7 TDI S Line, the Alfa Romeo Brera 3.2 Q4 SV, the Audi A4 Cabriolet 2.0 TDI S Line and the Volvo C70 2.4i Sport as the ten cars that resist car depreciation the best.

Often the cars that least depreciate over time are that cars that are rare and are top on their classes. Most of the time, the fuel used will be a factor as well due to the sky rocketing prices of petrol. It is also noted that expensive cars from the manufacturers that has no background of making luxury cars tend to lose their value fast. In the end, smart selection of cars is a must. And a number of tips are available around, just waiting to be learned.

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Discussion

2 thoughts on “Understanding Car Depreciation

  1. Audi A4 really is a great technology and have a very nice design.

    Posted by Stefan Kim | November 2, 2010, 8:43 pm

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  1. Pingback: Audi Depreciation | Audi Photos Blog - April 3, 2011

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