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Citroen working on raising used car values

The value a car holds when it is sold used is a major focus for the leading car manufacturers, a Citroen representative has told Fleet News.

The value a car holds when it is sold used is a major focus for the leading car manufacturers, a Citroen representative has told Fleet News.

Ian Hughes, the company's boss of fleet cars and resales, said that his company are working hard at keeping the 'residual' value of their vehicles high.

A vehicle with a strong residual value may cost slightly more when bought used, but it will also continue to keep its value well – ensuring that being used can be a good financial investment.

"We have had huge problems with residuals in the past but we have been working very hard on that," Mr Hughes told Fleet News.

"I eat, sleep and breathe residual values. At every layer of the company everyone is intensely conscious of the need to improve them," he added.

Buying used is a straightforward way to cut the costs of car finance, particularly when combining the good value of a nearly new vehicle with a competitive car loan or car credit deal.


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