Used car buyers are taking advantage of the fact that there are certain models of cars which depreciate much more quickly than others. 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. However the Alfa Romeo 166 was only produced between 2004 and 2006 so most of these will be virtually worthless now.
Studies of the rate of depreciation of cars by EurotaxGlass produced a report detailing the ten worst performing cars and the ten best. This list should be referred to by those wishing to buy brand new or used cars. It is important to note however, that EurotaxGlass have stated that some of the cars on the worst performing list are no longer in production. But for those wishing to buy a used car, the worst performing list could show up some great buys.
They used the Rover 75 1.8T Contemporary SE as an example of a great buy for those looking for a used car. A brand new model would cost £22,700 but a three year old model with just 37,000 miles on the clock was only fetching £3,300 on the market. This car would be an excellent buy for those wanting a good quality used car which would almost be guaranteed to run without problems for a further three years and which would easily fetch a trade in price of £1000.
So used car buyers should check out these cars that are depreciating fast as they can get a great bargain by doing their research. There are a host of great cars out there at a really affordable price. So before you look for a used car, don’t forget to refer to the list of those fast depreciating cars.
Whenever you happening to be looking for used cars, you are always better off trying to research your vehicles beforehand. Researching allows you to find the very best used cars for the category you are looking for. Once you’ve finished, you could find youself driving away from the dealers in a used daewoo or even a used fiat.
