Depreciation is the great hidden cost of running a car. Without realising it, your car is hemorrhaging money right now whether you drive 20,000 miles a year or leave it parked up. BUT unlike fuel, tax and insurance, this cost only rears its ugly head when you come to sell your car on, and could leave you with a nasty shock.
So, how to avoid getting stung? Well, choosing the right car is vital and knowing the market is the best way to help you do that. With the help of Parker's, the used car experts, we've listed the 10 WORST performing cars in the UK from 2010.
Values from Parker's Guide based on a one-year-old car with 10,000 recorded miles
10 - Lamborghini Gallardo Coupe
Depreciation after one year: £52,054
Proportion of original cost: 31%This is the 10th most depreciating car in the UK. Are you still jealous of that flash git in his Lambo? Even less so when you hear he's spending the equivalent of a grand a week in depreciation alone. Depressingly that's unlikely to give footballer owners sleepless nights though.
9 - Bentley Arnage
Depreciation after one year: £57,322
Proportion of original cost: 30%
One theme you'll very quickly pick up reading this list is that big, flash limos cost their owners a fortune in depreciation, the Arnage one of two Bentleys in this hall of shame and shedding nearly a third of its value in the first year alone.
8 - Ferrari 599
Depreciation after one year: £58,771
Proportion of original cost: 28%If fancy a Ferrari and want to stand a chance of getting a decent return on your investment you're better off with a 458, its V12 big brother losing over a quarter of its purchase price in 12 months. A used bargain then? Not quite - it'll still cost you £120K or so!
7 - Mercedes SL63 AMG
Depreciation after one year: £60,698
Proportion of original cost: 40%
If only AMGs performed as well in resale values as they do on road and track... Losing over £60K in a year is a huge amount of money burned but all the more shocking when you realise that's 40% of the hot SL's value lost in just a year. Ouch.
6 - Ferrari 612
Depreciation after one year: £72,750
Proportion of original cost: 34%
It ain't pretty and it'll cost you a fortune in depreciation. Apart from that the Ferrari 612 Scaglietti is brilliant! The arrival of its sexy, quirky FF replacement on the scene won't help one bit either.
5 - Rolls Royce Drophead Phantom Coupe
Depreciation after one year: £78,073
Proportion of original cost: 26%
It'll shed nearly £80K in the first year but, in this company, the fact the Rolls cabriolet retains three-quarters of its value is, relatively speaking, a pretty strong performance.
4 - Rolls Royce Phantom Saloon
Depreciation after one year: £82,815
Proportion of original cost: 27%
Like the Phantom Drophead, the saloon version's headline depreciation cost looks savage but in relation to the purchase price isn't actually too bad. If you can call losing over £1,500 a week not too bad.
Depreciation after one year: £132,098
Proportion of original cost: 44%
Decisive proof that money doesn't buy taste, as if the fact you'll include Simon Cowell and P Diddy as fellow owners isn't bad enough already that blingy new Maybach is going to cost the price of an Aston DB9 in deprecation in a year.
1 - Maybach 62
Depreciation after one year: £149,552
Proportion of original cost: 43%
The only car that performs worse than a standard Maybach in depreciation? A long-wheelbase Maybach! Forget the optional humidor, you'll need to spec an on-board incinerator for burning the £400 a day it'll cost you in lost value. This is officially the UK's most depreciating car.
There you have it!
But as John Paul Getty rightly said.... 'If it depreciates - Lease It' - 'If it appreciates - Buy It'...
This rule is followed by the vast majority of Buyers of these Vehicles today... with the Monthly Payments being treated as a legitimate business expense - you can see why too!
KIS Cars - Supercar Finance
Rates from 3.99% APR
Ph: 01277 725111
www.kiscars.co.uk
Image Rights all acknowledged. Text by Dan Trent & David Chandler
So, how to avoid getting stung? Well, choosing the right car is vital and knowing the market is the best way to help you do that. With the help of Parker's, the used car experts, we've listed the 10 WORST performing cars in the UK from 2010.
Values from Parker's Guide based on a one-year-old car with 10,000 recorded miles
10 - Lamborghini Gallardo Coupe
Depreciation after one year: £52,054
Proportion of original cost: 31%This is the 10th most depreciating car in the UK. Are you still jealous of that flash git in his Lambo? Even less so when you hear he's spending the equivalent of a grand a week in depreciation alone. Depressingly that's unlikely to give footballer owners sleepless nights though.
9 - Bentley Arnage
Depreciation after one year: £57,322
Proportion of original cost: 30%
One theme you'll very quickly pick up reading this list is that big, flash limos cost their owners a fortune in depreciation, the Arnage one of two Bentleys in this hall of shame and shedding nearly a third of its value in the first year alone.
8 - Ferrari 599
Depreciation after one year: £58,771
Proportion of original cost: 28%If fancy a Ferrari and want to stand a chance of getting a decent return on your investment you're better off with a 458, its V12 big brother losing over a quarter of its purchase price in 12 months. A used bargain then? Not quite - it'll still cost you £120K or so!
7 - Mercedes SL63 AMG
Depreciation after one year: £60,698
Proportion of original cost: 40%
If only AMGs performed as well in resale values as they do on road and track... Losing over £60K in a year is a huge amount of money burned but all the more shocking when you realise that's 40% of the hot SL's value lost in just a year. Ouch.
6 - Ferrari 612
Depreciation after one year: £72,750
Proportion of original cost: 34%
It ain't pretty and it'll cost you a fortune in depreciation. Apart from that the Ferrari 612 Scaglietti is brilliant! The arrival of its sexy, quirky FF replacement on the scene won't help one bit either.
5 - Rolls Royce Drophead Phantom Coupe
Depreciation after one year: £78,073
Proportion of original cost: 26%
It'll shed nearly £80K in the first year but, in this company, the fact the Rolls cabriolet retains three-quarters of its value is, relatively speaking, a pretty strong performance.
4 - Rolls Royce Phantom Saloon
Depreciation after one year: £82,815
Proportion of original cost: 27%
Like the Phantom Drophead, the saloon version's headline depreciation cost looks savage but in relation to the purchase price isn't actually too bad. If you can call losing over £1,500 a week not too bad.
3 - Bentley Brooklands
Depreciation after one year: £84,295
Proportion of original cost: 36%
It takes a very special person to want to buy a Bentley Brooklands. One who is clearly untroubled by the fact it'll lose over a third of its quarter-million purchase price after just a year. Individualism doesn't come cheap, it seems.Proportion of original cost: 36%
2 - Maybach 57
Depreciation after one year: £132,098
Proportion of original cost: 44%
Decisive proof that money doesn't buy taste, as if the fact you'll include Simon Cowell and P Diddy as fellow owners isn't bad enough already that blingy new Maybach is going to cost the price of an Aston DB9 in deprecation in a year.
1 - Maybach 62
Depreciation after one year: £149,552
Proportion of original cost: 43%
The only car that performs worse than a standard Maybach in depreciation? A long-wheelbase Maybach! Forget the optional humidor, you'll need to spec an on-board incinerator for burning the £400 a day it'll cost you in lost value. This is officially the UK's most depreciating car.
There you have it!
But as John Paul Getty rightly said.... 'If it depreciates - Lease It' - 'If it appreciates - Buy It'...
This rule is followed by the vast majority of Buyers of these Vehicles today... with the Monthly Payments being treated as a legitimate business expense - you can see why too!
KIS Cars - Supercar Finance
Rates from 3.99% APR
Ph: 01277 725111
www.kiscars.co.uk
Image Rights all acknowledged. Text by Dan Trent & David Chandler
Rolls Royce is my one of the best choices of car. The look of the rolls Royce is royal or its also known as the royalty.
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