There are many important factors to consider when in the market for a second-hand car. One of the most important, but also one of the most overlooked, factors is depreciation. The majority of motorists change cars every few years, so you will want to avoid a large financial hit by purchasing an automobile that does not lose its value quickly. The biggest loss occurs in the first year, but it is still important to find a car that maintains its value for a smart financial investment.
Here are three subcompact cars to look out for used which are unlikely to drop in value:
The B-Max from Ford is a stylish subcompact car with sliding doors – this makes access and fitting child seats incredibly easy. It is also roomy inside, so families will love this car. It is a classic Ford in that it is well-built, fun to drive and very efficient with the 1.0-litre EcoBoost returning 57.7 mpg.
The B-Max depreciates slowly thanks to the brand status and the appeal of sliding doors. It is estimated that resale values are between 41 and 47% after three years. It can be affordable to buy second-hand from reputable dealers like AA cars too.
The Skoda Fabia is proving immensely popular thanks to its excellent value for money and all round ability. It shares many underpinnings with the VW Polo (more on this below), but is available at more affordable prices. It is also surprisingly spacious inside despite its small dimensions, making it a great choice for families.
The Fabia also holds its value very well which is another key selling point. The entry-level 1.0 MPI 60 S retains almost 51% of its value after three years of ownership.
The Volkswagen Polo remains one of the best subcompact cars on the market and has always been a great investment. As a VW automobile, you know that you are getting a reliable, practical and well-built car that will not let you down. It is also one of the cheaper to run vehicles in its class.
In terms of residual values, the Polo is a smart investment as the strength of the brand and recognisability of the model ensures that it retains its value well. The 1.4 TDI SE should retain 48.8 % over 3 years.
These three subcompact cars are all great investments as they are all excellent automobiles which manage to retain their value well.