From a car seller's perspective, depreciation is the enemy. From the buyer's perspective, though, arming yourself with a little information about depreciation rates for different models of car can mean that you pick up a fantastic vehicle in great condition ... with an ultra-low price tag! Today we check out some of the fastest depreciating cars sold in Australia - keep an eye out for these in Melbourne used car dealer lots and car city, and get a bargain for much less.
Ford Falcon BF MkII
This city car was priced at $39,890 new (in 2007), and a couple of years later was worth only $19,100 according to market value guides. The surge in petrol prices didn't help then ... but even though petrol is now a much more reasonable price per litre, the Falcon BF MkII never really recovered its pricing mojo.
Holden Commodore VZ
Holden owners can't gloat about het Ford being one of the fastest depreciating cars sold by Melbourne used car dealers either ... the Holden Commodore VZ, which was released around the same time as the BF MkII, retained around the same level of value, sitting at just over 50% of its new value 2 years after launch.
Mitsubishi 380 SX
These cannot be bought new any more (much like the VZ Commodore) - Melbourne used car dealer lots are the only places that still have 380 SX's for sale. They retained exactly the same percentage of value as the Falcon over the 2-year period, sitting at about 47.9% of their new price tag.
Alfa Romeo 147 GTA
At a whopping $63,990 new, it is unsurprising that the Alfa had a fall from grace in the value stakes. It was worth just $37,600 2 years after its launch, although these vehicles are well-equipped and reliable. As a niche vehicle, they can be difficult to find at Melbourne used car dealers - worth looking out for!
Jaguar X-Type V6
This was far more often an emotive purchase than a practical one ... but it seems that emotions don't always keep wheels in a driveway! Jaguar X-type V6s scored well for reliability, performance and even practicality in consumer reviews, so look out for them in your Melbourne used car dealer or car city lot. The price difference seems to be due to the 'prestige' factor of owning a used Jag is far different to that of owning a new one.
Looking for cars that retain their value?
If you don't mind paying a little closer to new car prices at car city or your Melbourne used car dealer, but want a vehicle that will be worth more than pocket change when you sell it in a couple of years, try:Mercedes Benz E-Class Ford Mondeo LX Mercedes Benz C-Class Honda Civic Hybrids Mazda 2 Ford F250 and F350 ... now worth MORE at Melbourne used car dealers than they were rolling off the factory floor, since they are out of production. Wow!
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