Buy carefully to increase used car valueMotorists are being advised by car value experts EurotaxGlass's to look into how well vehicles hold their value when buying a used car.
Motorists are being advised by car value experts EurotaxGlass's to look into how well vehicles hold their value when buying a used car.
In a discussion of this week's budget, the motoring analysis firm stressed that avoiding cars with the highest levels of vehicle excise duty may help improve resale value.
Cars with the largest engines – and therefore the highest tax and running costs –typically do not hold their value as used cars as well as vehicles with slightly lower specifications.
So, it seems that buying carefully and picking a popular, mid range vehicle is not only cheaper in terms of car finance but is also a better investment.
"They could also benefit in terms of depreciation by avoiding the highest-rated vehicles. For example, large-engined executive saloons will normally lose their value more quickly than their smaller-engined equivalents," said Adrian Rushmore, managing editor at EurotaxGlass's.
Taking out car credit or a car loan will help you further reduce the car finance costs of buying a used vehicle.
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