Car Depreciation Rates

One of the most painful expenses is vehicle depreciation, i.e. the money your vehicle loses from its original value. However, this depreciation can be used to your advantage.

Vehicles depreciate quickest during the first three years - some losing tens of thousands of pounds. Influencing factors include supply and demand, desirability, and political and economic trends. Generally, inexpensive small motors depreciate gently whereas executive models with unfashionable badges plummet.

The trick is to buy vehicles that have depreciated heavily but will now lose at a slower rate.

For example, in 2006 a new Ford Mondeo 2.0-litre Ghia X cost £21,325. It is now worth approximately £7,500. Although depreciation in the first three years was £13,825, the vehicle is only likely to lose a further £4,500 in the next four.

The car depreciation rates can never be eliminated - but they can be minimised. Homework is necessary here.

Whether you are paying in pounds, dollars, or yen -
buying the right motor, at the optimum age,
can literally save you thousands.

Stephen Turvil.

Stephen has many articles to his credit, and we first published Driving in Snow during the winter earlier this year which was very timely.

This also applies equally well to the article on flooding.


Custom Search

Why not subscribe to our Free Newsletter here?
Get all our money saving tips
to keep your bank balance and you healthy.
So easy to do.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Save Money Newsletter.

Give this recession a beating and sign up today.

If you missed the latest edition of the Newsletter you can read it here.

RELATED PAGES

Airless Car Tyres

How To Save Fuel When You Drive

Maximising Vehicle Sale Price

Car Clinic Help

Car Finance

Go back to Top of Page

Go from Car Depreciation Rates

back to Save Money Home Page


SIGN UP FOR
THE SAVE MONEY NEWSLETTER
HERE.
E-mail Address
First Name (optional)
Then

Don't worry -- your e-mail address is totally secure.
I promise to use it only to send you The Save Money Newsletter.

Are you looking for a job?
If so, this book is probably the one for you.

Looking for a Job image

Looking For a Job

See our excellent selection of eBooks below - all with one aim in mind -
Boosting Your Income

grave concern ebook image

Grave Concern

small business ebook image

How to Start a Small Business

dog training ebook image

Quick & Easy Dog Training


walk the walk ebook image

Walk the Walk Ebook

bed and breakfast ebook image

Running a Successful Bed and Breakfast

stock market ebook image

Stock Market Investing Tips