A new car loses approximately 20 per cent of its value when it’s driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each year, so it pays to have an understanding of deprecation when you’re buying a car. However, the numerous makes, models and colours will all hold and lose their value differently, so a bit of … [Read more...]
Newslines 16 May
The anticipated glut of diesel cars to hit the used car market, combined with falling buyer demand makes a significant price drop likely within the next 12 months. Motorway.co.uk believes a fall in the average price of used diesel cars of 10 to 15% versus their current deprecation rate, over the next 12 months, is entirely likely, so with around 17 … [Read more...]
