Luxury cars that will lose you the most cash
10. Bentley Mulsanne Saloon (2010)
Cost new: £294,775, Amount lost today: £185,450
Almost every new car will depreciate in value. That’s just how the new and used car markets work. However, some will lose value so fast, that you’ll probably wish you hadn’t bought it in the first place. Forget about cost of maintenance, insurance and running costs, the biggest cost that can affect you is the cost in which your car can lose value over a period of time. For example, if you buy a nice luxury car at £100,000, and go to sell it in two years, only to the find price on the market is now £50,000, that particular car would have cost you £25,000 per year. With a depreciation of 50% as well, you’ll be out of pocket very quickly. Some of the reasons certain cars can drop in value is simply because of running costs, reliability, the amount of cars produced and of course the condition in which owners keep them. In this article, we pay particular close attention to luxury cars that cost the most when new, and see how they drop in total value from the year they were new, to now. When comparing the two values, you’ll be able to see how much cash the owners would have lost. Worth noting that the total value lost is still applied to cars bought out-right, as well as on finance or lease deals, as the dealership will eventually value the car at the end of the term.
January 26, 2020