Are you thinking about buying a new car? Considering how much one will cost is only half of it. A key sticking point for a lot of buyers is how much value the vehicle will lose once it’s driven off the lot. What’s even worse, the car will continue to depreciate in value. Typically the value of a car will lose an additional 10 percent each year.
Don’t purchase a car beyond your means. Yes, a luxurious vehicle may be a fantasy for some, but owning one is risky. Luxurious cars often see the highest levels of depreciation. Some even lose as much as 50 percent of their value in the first couple of years.
Depreciation is often overlooked when people are deciding what car to buy. Even if you’re planning on buying a used car, it’s essential to understand what you are getting into before making a purchase. Here is a list of 50 cars that are rapidly losing their worth and why.
50. Peugeot 308 SW 1.5 BlueHDi 100 Active
With a price tag of £21,895 the Peugeot 308 SW 1.5 BlueHDi 100 Active had a price drop of £6150, retaining only £15,745 of its value. An overall 28.1% plummet in value.
The 308 SW is a compelling option, especially because of the efficient engines and spacious boot. But it’s a bummer to drive, and the rear is a tight squeeze. Even though it’s cheaper to buy than other more powerful 1.5-liter diesel, it isn’t efficient and needs to work a lot harder.
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