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Ferrari top for used convertible values

Financially sensible car drivers should consider purchasing the Ferrari F430 Spider if they hope to retain healthy residual values, a new report indicates.

Financially sensible car drivers should consider purchasing the Ferrari F430 Spider if they hope to retain healthy residual values, a new report indicates.

According to EurotaxGlass's, this car is the best convertible on the market in terms of its ability to hold on to its original purchase price.

The Ferrari F430 Spider is typically worth 97 per cent of its initial sale price after 12 months, putting it comfortably ahead of the Volkswagen Eos 2.0 TDi Sport at 94 per cent.

Porsche and Mercedes-Benz are tied for third, with the Boxster S and SLK55 both retaining 87 per cent of their original value after a year of ownership.

Richard Crosthwaite, prestige car editor at EurotaxGlass's, said: "This is a fashion-led market, where the values of prestige-brand models in particular are influenced by changing tastes and the arrival of new models.

"Ownership periods are typically shorter than for conventional road cars, with buyers more likely to swap into what they perceive to be the 'next big thing'. This can make the residual value of a recently-launched prestige convertible amongst the strongest of any used car when supplies are limited."

It means, however, that those taking out a car loan may well be tempted to purchase a brand new model instead of a used car. Raising car finance is difficult enough for prestige cars such as these, but many buyers will ultimately decide that a new car is preferable to a used alternative.

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