Cars that lose money

Renault Espace© Renault UK

Depreciation in the value of a car is every car-owner’s worst enemy. If you thought the cost of fuel, servicing and insurance are expensive when running a car, they are not a patch on the amount of value your car loses over time.

Through its Total Cost of Motoring analysis, CAP Automotive – a vehicle retail analyst – monitors hundreds of thousands of used car sales every year. It can accurately predict how quickly or slowly a car will lose its value over time. Check out how much your car is worth at www.cap.co.uk/consumer.

Here we reveal CAP’s the highest depreciating motors. The cars are ranked according to the percentage of their sticker price that they have retained over the past three years. You might consider these to be something of a steal when bought used, but … 

1. Renault Espace (Price new £20,847) 12.6% retained value
With the advent of cheaper to buy and own compact seven-seat MPVs, the Espace’s popularity has waned, as proven by being the worst car at holding its value.

2. Peugeot 407 saloon (Price new £19,204) 13.7% retained value
Over the past couple of decades, the French manufacturer has had much greater success with its small cars than with larger ones. The 407 is proof.

3. Citroen C-Zero (Price new £33,104) 16.4% retained value
Electric cars are struggling to get mainstream acceptance. The result is used values are suffering. The Citroen C-Zero is the worst but the Peugeot iOn and Mitsubishi i-MiEV – essentially the same car ‑ are almost as bad.

4. Chevrolet Lacetti (Price new £12,197) 16.9% retained value
It struggled to win fans wearing a Daewoo badge and putting a Chevrolet logo on it hasn’t helped the Lacetti. Whether in hatchback or estate guise, it’s a money loser.

5. Vauxhall Astra Twin Top (Price new £22,734)  20.8% retained value
Although Britain has a love affair with convertible cars, that plainly doesn’t stretch as far as the Vauxhall. If you must buy one, get a diesel. It holds onto 22.4 per cent of its value.

6. Vauxhall Meriva (Price new £16,409) 21.6% retained value
7. Ford Focus Coupe Cabriolet (Price new £23,649) 21.7% retained value
8. Vauxhall Astra (Price new £18,985) 21.7% retained value
9. Volkswagen Phaeton (Price new £77,237) 22% retained value
10. Peugeot 407 Coupe (Price new £26,045) 22% retained value

Leave a Reply