Mini top for used car pricesDrivers taking out a new car loan should perhaps consider purchasing a Mini, as this car retains 54 per cent of its value after three years.
Drivers taking out a new car loan should perhaps consider purchasing a Mini, as this car retains 54 per cent of its value after three years.
New research from Lex has placed the Mini at the very top of the used car value chart, as it provides owners with the greatest return on their investment when they eventually decide to sell it.
Other vehicles in the top ten include the Audi TT, which retains 52 per cent of its original value, and the Audi A5, which generally holds on to 51 per cent of its selling price. The Mercedes-Benz SLK-Class, meanwhile, is normally worth 49 per cent of its original value after a three-year period.
Back in 20th position is the BMW 1 series, which is able to hold on to 44 per cent of its original value after three years. While this is still a good option for those seeking car finance, the discrepancy against the Mini is marked.
"Most used drivers aspire to the same credentials as a new car buyer, that of style, exclusivity and reliability and that's why this list is the way it is," said Steve Jones, Lex pricing manager.
Tellingly, the Lex research reveals that 4x4 prices have not been massively influenced by the attack on these vehicles by the government and pressure groups.
There are seven 4x4s in the top 20, including the new Land Rover Freelander, the Honda CRV and the Mercedes-Benz M-Class.
The other side of the coin is that those taking out a used auto loan may perhaps do well to steer clear of many of the vehicles in the Lex league table, as it may be more sensible to make the money work a little harder on a new car.
© Adfero Ltd
Posted by Edwin Miles on