Black used cars fetch higher pricesA black used car is worth considerably more than identical models in different colours, according to new research from EurotaxGlass's.
A black used car is worth considerably more than identical models in different colours, according to new research from EurotaxGlass's.
The car valuation firm reports that prestige brand used cars that are painted black sell for as much as £500 more after a year's use and with 12,000 miles on the clock.
Vehicles such as the 3 Series BMW or C-Class Mercedes cost around £250 extra in black, while luxury vehicles like the Audi A8 and 7-Series BMW carry a premium of £500 just for black paint.
"While the prestige market generally favours muted colours, there are exceptions. For example, vibrant colours – notably solid red – are less likely to have a negative impact on residual values in the sports car segment, as buyers accept it as being in keeping with the character of the car," said Richard Crosthwaite from EurotaxGlass's.
"However, on larger prestige saloons solid red paint is no longer even available as a standard option, and on a compact executive model you could expect a residual value penalty of £1,000 after just one year," he added.
White was reported by the experts as the colour having the worst impact on the price of a used car.
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