Used car value expert EurotaxGlass’s has released its list of the top 10 slowest-depreciating cars of 2008.
The Mini topped the table for the second year in a row, with the Mini One D proving the best investment over three years.
Despite topping the list of 55-plate cars with 37,000 miles on the clock, the Mini has still lost nearly eight percentage points compared with the same table last year, retaining 63.2 per cent of its value.
The Citroen C1 occupies second place on the list, retaining 61.2 per cent, followed by the Ferrari F430, which held on to 60.9 per cent of its value.
The Lamborghini Murcielago and Porsche 911 Carrera also featured. However, these three are unlikely to cover the high mileage upon which the residual value is based, making them slower real-world depreciators than the survey suggests.
The worst-performing car, according to the Glass’s survey, is the Alfa Romeo 166, with a three-year-old model retaining just 12 per cent of its original value. That makes a 55-plate Alfa Romeo 166 3.2 V6 Lusso worth just over £3500.
The table shows the top 10 three-year-old used cars, expressed as a percentage of their original list price at trade-in.
1. BMW Mini One D 63.2%2. Citroen C1 1.0/1.4 HDi 61.2%3. Ferrari F430 60.9%4. Toyota Aygo 1.0 60.6%5. Peugeot 107 1.0 57.4%6. Smart ForTwo 56.7%7. Seat Leon 1.9/2.0 TDI 55.4%8. Lamborghini Murcielago 55.2%9. Toyota Prius 1.5 T4 55.0%10. Porsche 911 Carrera 2/4 54.8%
Join the debate
Add your comment
Re: Mini tops depreciation list
All very interesting, but percentage of value retained is only part of the story. Discounts? Sensible options (essential for the MINI)? Would a poverty-spec MINI hold its value as well? And dealers are often only interested in giving good prices for p/x's if they can sell it on the forecourt anyway.
Re: Mini tops depreciation list
Real values (only rough not enough research)
1) Mini1 = 0% Discount + essential options to make it worthwhile (assuming finance of £7000)
Price paid=£12,000 + £3,000 + £900 for finance = £15,900
if worth 63% of list price in 3 years (12K) will be worth £7500 or 47% of what you paid.
2) Citroen C4 Coupe £12,000 less £2,000 cash back and 0% over 3 years less posibly another £500
Price Paid = £9500
If worth 40% of new list in 3 year will be worth £4800
Basically no one ever buys a basic mini and if they did it would not be worth 63% of its value in 3 years as they would struggle to shift it.
Mini1 30K miles 06 plate £6000 in Autotrader - Things do not add up.
Can't find an Alfa 166 though !
Re: Mini tops depreciation list
Don't tell everyone julian! There aren't that many around, and mass buying of the 166 will only go to firm up values!!!! :-)