Why Fast Depreciating Cars Are A Great Way To Get A Used Car At A Bargain Price
Used car buyers should look out for cars that depreciate much quicker than others if they want to get a great bargain. The value of an Alfa Romeo 166 was just 12 percent of its original value after three years and 37,000 miles on the clock. Used car buyers could really take advantage of this statistic, although those who purchased a brand new Alfa Romeo 166 could be understandably very upset. However the Alfa Romeo 166 was only produced between 2004 and 2006 so most of these will be virtually worthless now.
Research by EurotaxGlass showed the ten cars which depreciate the most and the ten which depreciate the least. Those who are looking to purchase a brand new car and those who prefer to buy used cars will find this list helpful. Although EurotaxGlass were keen to point out that some of those on the worst performing list were actually cars that were now obsolete. But the worst performing list could throw up some great buys for those wanting to purchase a used car.
They used the Rover 75 1.8T Contemporary SE as an example of a great buy for those looking for a used car. A three year old model with 37,000 miles on the clock was only valued at £3,300 despite the original market value being £22,700. The fact that the Rover 75 would more than likely be fine for another three years at least and could expect to be valued at around £1000 as a trade in, in three years time means that it would be an excellent buy.
So used car buyers should check out these cars that are depreciating fast as they can get a great bargain by doing their research. A lot of these used cars have very misleading low prices as many of them are great runarounds. So don’t forget to check out that list before buying a used car.
When you think it’s time to look out for used cars, it’s always best to carry out a proper research ahead of time. This reserach will let you find the best cars available for each category you look at. Once you’ve finished, you could find youself driving away from the dealers in a used daewoo or even a used dodge.
