The fact that certain cars depreciate faster than others is great for used car buyers. For example studies showed that the Alfa Romeo 166 was only reaching 12% of its original value after only three years and with only 37,000 miles on the clock. Used car buyers could really take advantage of this statistic, although those who purchased a brand new Alfa Romeo 166 could be understandably very upset. But production of the Alfa Romeo 166 was halted in 2006 so the value of these cars today would not be very high.
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. Some of the cars on the worst performing list were actually obsolete now, EurotaxGlass were keen to point out. However used car buyers could get great value for money by choosing some of the cars on the worst performing list.
One car that was looked at by EurotaxGlass as an example of a great used car purchase was the Rover 75 1.8T Contemporary SE. 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.
Fast depreciating cars may offer the used car buyer the chance to get a great bargain. So many used cars on the market today are great buys at a really cheap price. So don’t forget to check out that list before buying a used car.
If the time has come for you to be searching out used cars for sale, you are always better off trying to research your vehicles beforehand. This reserach will let you find the best cars available for each category you look at. And when you finally finish your research, you could find yourself leaving the car delears with a splendid used daimler or even a used ferrari.