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 MINI ranks top for low depreciation

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mab01uk

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PostSubject: MINI ranks top for low depreciation   28th February 2017, 19:34

According to Autocar magazine Carspring has done the research and compiled a list of the 13 car brands that depreciate least in Britain.
Minis rank top, while Toyota comes last of top 13 brands in Britain, with its used models losing an average of 74.59% value after 34,700 miles
http://www.autocar.co.uk/car-news/advice/car-value-top-13-brands-depreciate-least

Minis suffer from depreciation the least out of the UK’s top 13 car brands. Losing an average of 46.88% from their values after 34,700 miles, they beat Audi models, which lost 47.33% after the same mileage, to the top spot.
Volkswagen, Lexus, Ford and Vauxhall achieved the next best results, with between 47.51% and 54.12% lost respectively. The worst performing brand was Toyota, which has an average of 74.59% value lost from its vehicles after the aforementioned mileage.

Car values: Top 13 car brands that hold their value best
Mini - 46.08%
Audi 47.33%
Volkswagen - 47.51%
Lexus 51.59%
Ford - 53.49%
Vauxhall - 54.12%
Fiat - 54.17%
BMW - 55.82%
Kia - 59.27%
Nissan - 63.23%
Honda - 65.94%
Peugeot - 70.19%
Toyota - 74.59%
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Davyboy
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PostSubject: Re: MINI ranks top for low depreciation   28th February 2017, 19:37

This is normally based on a standard car, add upwards of £10k of options and you's be lucky to see £1k of that back!

There are very very few MINI's on the road without any options Smile

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PostSubject: Re: MINI ranks top for low depreciation   1st March 2017, 23:19

Essentially what Dave says. We're starting to see customers come in with 3yr old f56 looking to change. Normally on a PCP deal you can change half way through and have a bit of positive equity, or certainly no negative. Unfortunately an f56 visiting is something we dread - we're never going to sell it and the chances are the customer is welded in with so much negative equity the only way they're getting out is insurance fraud!
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PostSubject: Re: MINI ranks top for low depreciation   3rd March 2017, 08:28

Davyboy wrote:
This is normally based on a standard car, add upwards of £10k of options and you's be lucky to see £1k of that back!

There are very very few MINI's on the road without any options Smile




But dealers when selling a second hand car are going to "up the price" due to the extras!!
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PostSubject: Re: MINI ranks top for low depreciation   3rd March 2017, 09:29

millbrookmini wrote:
Davyboy wrote:
This is normally based on a standard car, add upwards of £10k of options and you's be lucky to see £1k of that back!

There are very very few MINI's on the road without any options Smile




But dealers when selling a second hand car are going to "up the price" due to the extras!!

Maybe so but when you go to trade, extras mean very little.


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wlondoner
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PostSubject: Re: MINI ranks top for low depreciation   3rd March 2017, 20:30

Buy a standard mini with sat nav and nice wheels that will keep its value very well it's all these other options (that are great) but don't add value in the long run

This post is another reason why I need a mini lol
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Mrs Mini
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PostSubject: Re: MINI ranks top for low depreciation   6th March 2017, 17:46

Don't think its just Minis ,same issue with Ford
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PostSubject: Re: MINI ranks top for low depreciation   6th March 2017, 17:59

The Nissan dealer near me have new Micras with over £4K of list!

You can get a Corsa with 25% off!

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Mrs Mini
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PostSubject: Re: MINI ranks top for low depreciation   6th March 2017, 18:29

Davyboy wrote:
The Nissan dealer near me have new Micras with over £4K of list!

You can get a Corsa with 25% off!

Just see that toeing the caravan Caravan
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PostSubject: Re: MINI ranks top for low depreciation   7th March 2017, 13:20

Did you say towing Janet? SUV all the way
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Mrs Mini
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PostSubject: Re: MINI ranks top for low depreciation   7th March 2017, 16:47

Gazza wrote:
Did you say towing Janet? SUV all the way

Lol did on my phone Caravan my toes aren't that big
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