LoginThe Least Depreciating Cars For New Drivers In The UK: Get The Best Value For Money
As a new driver in the UK, purchasing a car is a considerable investment. One important factor to consider is how well your car will retain its value over time. Here, we’ll discuss the least depreciating cars, helping you make a well-informed decision that will provide you with the best return on investment.
New Research Sheds Light on the Best Cars for Value Retention
New research has unveiled the top cars for new drivers in the UK when it comes to preserving their value. We have discovered the vehicles that are most likely to retain a high percentage of their original purchase price, therefore making them the least depreciating cars for new drivers in the UK.
The 2017 Hyundai Kona Takes the Lead
According to car insurance experts, Uswitch Car Insurance, the 2017 Hyundai Kona emerges as the vehicle with the highest value retention. After being used, this car maintains an impressive 64% of its original purchase price, making it an attractive option for new drivers.
Ford Puma and Skoda Stand Strong in Value Retention
The Ford Puma follows closely behind the Hyundai Kona, with 59% of its original value still intact. Skoda, as a car manufacturer, also demonstrates a strong track record of retaining a majority of its original value across its range of vehicles.
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Related Reading: Top Tips If You Are Selling Your Car
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The Importance of Considering Depreciation for New Drivers
Purchasing a car is a significant financial commitment for new drivers. However, it’s crucial to remember that new cars typically depreciate in value by 15-35% within their first years on the road. Therefore, it’s essential for new drivers to carefully consider how much of their car’s price tag they expect to recoup after selling.
Uswitch.com’s Methodology for Comparing Value Retention
To determine which cars retained the most of their original value, Uswitch.com compared the prices of the most popular cars for first-time buyers when purchased new against the average price after driving 40,000 to 60,000 miles. This comparison provided valuable insights into the least depreciating cars in the UK market.
Make the Right Choice for Your First Car
As a new driver in the UK, it’s crucial to consider the potential depreciation of your first car. Opting for a vehicle with a high value retention rate, such as the 2017 Hyundai Kona, Ford Puma, or a Skoda model, can provide you with the best return on investment and help reduce your overall costs. Remember, making a well-informed decision now will pay off in the long run when it comes time to sell your vehicle.
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Top 10 Best Cars that Retain Value for First-time Drivers
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Related Reading: Do I Need Extended Car Warranty For A Used Car?
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What are your options for extended UK car warranty cover?
We don’t want to complicate this, so we’ve kept it nice and simple. Here’s three great options for mechanical breakdown or electrical failure car warranty cover, that’ll give you all you need, including cover for wear & tear.
3-Star Car Warranty
Select this option if you want affordable cover for a long list of covered components. Gives you up to £7,000 claim limit towards the cost of parts, labour and VAT for the mechanical breakdown or electrical failure of covered parts.
4-Star Car Warranty
Select this option to cover a wide range of components on your vehicle, and get up to £7,000 claim limit towards the cost of parts, labour and VAT in the event of mechanical breakdown or electrical failure, or imminent failure identified during an MOT or service.
5-Star Car Warranty
Looking for comprehensive warranty protection? Our 5-Star warranty covers an extensive range of parts and offers up to £7,000 claim limit towards the cost of parts, labour and VAT for the mechanical breakdown or electrical failure of covered parts on your vehicle.
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