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. Although this could be very frustrating for those who bought a brand new Alfa Romeo 166, it presents a superb bargain for used car buyers. But production of the Alfa Romeo 166 was halted in 2006 so the value of these cars today would not be very high.
A list of the ten cars which depreciate the least and the ten which depreciate the most has been compiled by EurotaxGlass. 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. However used car buyers could get great value for money by choosing some of the cars on the worst performing list.
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. If you wanted a great car for another three years before trading it in for at least £1000 then the Rover 75 would be the perfect car to buy.
By doing your research you can really snap up a great bargain by looking for cars which are depreciating fast. So many used cars on the market today are great buys at a really cheap price. So before you look for a used car, don’t forget to refer to the list of those fast depreciating cars.
If the time has come for you to be searching out used cars, it’s always best to carry out a proper research ahead of time. Good research lets you find only the best models available. And when you finally finish your research, you could find yourself leaving the car delears with a splendid used daewoo or even a used ferrari.
