With September here we’ll now see new cars with a new age identifiers, so it got us thinking, which cars hold their value the best over time?
On September 1st all new cars have a new age identifier of 66 on their plates. With this, thousands of cars became just that much older and inevitably depreciate in value.
As the years go on and cars begin to age, many drivers wonder how much money they can get back or make off of the cars that they are currently driving. Naturally, we’ve begun to wonder to the same thing, and also which cars out there depreciate faster than others.
We’ve done some research and found some of the top cars that will hold their value better than others.
7 cars that hold their value well after three years
The following cars will help keep your money in your pocket as the years go on.
Porsche Cayenne - 84.2% retained retail value
At an impressive 84.2% retained retail value after 3 years, the Porsche Cayenne has shown time and again that even though it may be more expensive than other cars on the market, it certainly will be well worth the investment to purchase as it will still be valuable years down the road. This sporty yet luxurious SUV is one to consider if you’re looking for a solid car investment.
Skoda Yeti (now discontinued) – 69.0% retained retail value
The Skoda Yeti is a perfect for any driver that doesn’t want a massive SUV to have to drive around. Its tall body and spacious interior provides drivers and passengers with plenty of comfortable room. The Yeti is an overall great family car that will hold its value well as the years go on.
Kia Sportage – 68.2% retained retail value
Just falling short behind the Skoda Yeti, the Kia Sportage is another fantastic option when it comes vehicles that hold their value over the years. Despite being a SUV, the Sportage is quite easy and fun to drive, and also provides plenty of storage room in the boot for even the largest of cargo.
Volkswagen Caddy diesel – 64.5% retained retail value
Although it may not be the most appealing or glamorous car on our list, the VW Caddy still has an impressive retained retail value of 64.5%. Quite useful for families with kids or for transporting things, the Caddy is a reliable van that won’t depreciate significantly after you drive it off the lot.
Fiat 500 – 63.5% retained retail value
Growing massively in popularity, the Fiat 500 is ranked on our list just below the VW Caddy. With a recognizable retro style and fun personality, the Fiat is a favourite of many UK motorists and it’s no surprise that they retain their value as the years go on.
Volkswagen Tiguan – 62.2% retained retail value
A popular small SUV crossover, the Volkswagen Tiguan offers unique style and sophistication. Aside from impeccable interior comfort and refinement, the Tiguan also drives smoothly and is the perfect car for anybody looking for performance both in the city and on the motorway.
3 cars that depreciate quickly...
And if you’re interested in seeing which cars depreciate more quickly than others, we’ve pulled together a short list of those as well.
Renault Scenic – 28% retained retail value
Citroen C5 – 24% retained retail value
Renault Megane Sport – 23% retained retail value
It’s important to remember that, although depreciation is inevitable, there are easy ways to improve a vehicle’s retained retail value, such as maintaining your car well and not adding on thousands of miles to the overall mileage. For more helpful tips on how you can prevent your car from depreciating too drastically, check out the AA’s helpful guide.