CITY cars might be among the used .market’s smallest,
but they also lose the least when it comes to depreciation, say Used Car experts.
“This means that after a few years, a bigger, newer, car will be about the same price or maybe even cheaper than the equivalent-age small car,” states editor Matthew T.
But don’t be put off by that statement – there are still some small cars that lose a lot in depreciation and make for a bargain buy, he adds, citing these three vehicles:
• Daewoo Matiz – “A tiny city car for a tiny price, prices are on the floor now the brand is defunct,” says Mr T. “But it is a simple, reliable little car that is still being sold today under the Chevrolet badge, for more money.”
Used Car Experts price a 1.0 SE from 2005 at about £2,500, half the price of a new Chevrolet. You can sell it for similar money three years later, but hang on to it any longer and it loses 27 per cent.
• Smart ForFour – ‘~ grown-up Smart, which was pricey when new. As a used buy, though, it is much better value,” says Mr T.
Used Car Expert magazine says a 2006 1.5 Passion model won’t lose much
over the next year, as it has already lost 27 per cent, and aropped to under £7,000 at main dealers.
• Volkswagen Lupo
– “Well-equipped, solid, and safe. It is a prestige badge and the expensive new price keeps values high,” advises Mr T. “It is a high¬quality small car that will be easy to resell.”
Used Car Experts say a 2000 1.4 S has lost more than 20 per cent each year for the previous two years, dropping the price to £2,400 – making it a bargain.