A cheap depreciation proof car to bide my time…

[stuno1]

With the prices of fun cars and some non fun cars being mental for reasons I am sure we all understand what would be a good depreciation proof car to own for a year? I ultimately want to buy a ftype r but recent price increases which I will believe will correct next year have put me off for the time being.

I am thinking small, low cost so % increase and as such decrease will be small, reliable, low running cost. My initial thought was a 5 ish year old Ford fiesta.

Any other ideas?

Stu

[Stu-nph26]

Yaris GR 0% APR selling above list should hopefully hold a lot of its value for a year or so. Problem is getting one I guess

[stuno1]

Stu-nph26 said:

Yaris GR 0% APR selling above list should hopefully hold a lot of its value for a year or so. Problem is getting one I guess

Did think this but can’t see one being available.

[blueovercream]

I'd have thought a hot Clio 182/197/200 would probably hold its value reasonably well, and they're not too expensive to run. Or a Civic Type R?

[stuno1]

blueovercream said:

I'd have thought a hot Clio 182/197/200 would probably hold its value reasonably well, and they're not too expensive to run. Or a Civic Type R?

Don’t disagree but looking at newer cars to reduce the potential for me to burn money on unexpected repairs.

[Stu-nph26]

stuno1 said:

Stu-nph26 said:

Yaris GR 0% APR selling above list should hopefully hold a lot of its value for a year or so. Problem is getting one I guess

Did think this but can’t see one being available.

Ring around I order one yesterday got a cancelled order for December delivery. I only tried 2 dealers I’m sure you could get one quicker with a bIt effort

[stuno1]

To be honest it’s a punt on values with one of those and % wise it would be a bigger loss if it goes down than a 7k car.

[biggbn]

Jimny?

[Stu-nph26]

stuno1 said:

To be honest it’s a punt on values with one of those and % wise it would be a bigger loss if it goes down than a 7k car.

Yep agreed that’s why what your trying to do is so difficult

[Itsallicanafford]

Prius. The taxi trade has been decimated due to lockdowns but will recover.

Prices look reasonable, will be 100% reliable and cost buttons to run

[stuno1]

Itsallicanafford said:

Prius. The taxi trade has been decimated due to lockdowns but will recover.

Prices look reasonable, will be 100% reliable and cost buttons to run

I am couldn’t bring myself to buy a Prius!

I am imagining if I buy a 5-6 year old 6-7k decent fiesta that comes with 12 month MOT and service i am in for tax and running costs. It’s not so old lots should go wrong, if it does it’s cheap to fix and hopefully it’s depreciated enough that over a 6-12 month period it will only lose 500-1k in value. I will be putting VERY few miles on it. It will be a school run car 2 times per week.

Edited by stuno1 on Saturday 3rd July 10:47

[Baldchap]

Prices are currently high. A Fiesta is unlikely to be a depreciation proof car because there are so many of them.

[Cascade360]

Any reasonably new car will depreciate (with very limited exceptions). A Fiesta will definitely depreciate. For doing very few miles you'd almost certainly be cheaper with something old and cheap.

[stuno1]

Cascade360 said:

Any reasonably new car will depreciate (with very limited exceptions). A Fiesta will definitely depreciate. For doing very few miles you'd almost certainly be cheaper with something old and cheap.

Agree it will but 500-1000 for a 5-6 year old fiesta over 6-12 months seems realistic?

I am reluctant to buy an older car due to possible issues that will need repairing. I have bought older cars in the last and have always had to undertake repairs.

[jimPH]

So long as it runs, repairs should be minimal. Get a diesel workhorse of some description. Old enough that you don't care about it looking nice.

[Stu-nph26]

E9x M3 there’s one for sale on cutters still under BMW warranty can’t imagine you’d lose much of anything in the next 12 months