The Least Depreciating Cars For New Drivers In The UK: Get The Best Value For Money
As a new driver in the UK, purchasing a car is a considerable investment. One important factor to consider is how well your car will retain its value over time. Here, we’ll discuss the least depreciating cars for new drivers, helping you make a well-informed decision that will provide you with the best return on investment.
New Research Sheds Light on the Best Cars for Value Retention
New research has unveiled the top cars for new drivers in the UK when it comes to preserving their value. We have discovered the vehicles that are most likely to retain a high percentage of their original purchase price, therefore making them the least depreciating cars for new drivers in the UK.
The 2017 Hyundai Kona Takes the Lead
According to car insurance experts, Uswitch Car Insurance, the 2017 Hyundai Kona emerges as the vehicle with the highest value retention. After being used, this car maintains an impressive 64% of its original purchase price, making it an attractive option for new drivers.
Ford Puma and Skoda Stand Strong in Value Retention
The Ford Puma follows closely behind the Hyundai Kona, with 59% of its original value still intact. Skoda, as a car manufacturer, also demonstrates a strong track record of retaining a majority of its original value across its range of vehicles.
The Importance of Considering Depreciation for New Drivers
Purchasing a car is a significant financial commitment for new drivers. However, it’s crucial to remember that new cars typically depreciate in value by 15-35% within their first years on the road. Therefore, it’s essential for new drivers to carefully consider how much of their car’s price tag they expect to recoup after selling.
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Uswitch.com’s Methodology for Comparing Value Retention
To determine which cars retained the most of their original value, Uswitch.com compared the prices of the most popular cars for first-time buyers when purchased new against the average price after driving 40,000 to 60,000 miles. This comparison provided valuable insights into the least depreciating cars for new drivers in the UK market.
Make the Right Choice for Your First Car
As a new driver, it’s crucial to consider the potential depreciation of your first car. Opting for a vehicle with a high value retention rate, such as the 2017 Hyundai Kona, Ford Puma, or a Skoda model, can provide you with the best return on investment and help reduce your overall costs. Remember, making a well-informed decision now will pay off in the long run when it comes time to sell your vehicle.
Top 10 Best Cars that Retain Value for First-time Drivers
Related Reading: Why Are Newly Qualified Drivers More At Risk?
Need Gap Insurance?
There are a few different types of policy you can choose from when taking out your Gap Insurance cover with Click4Gap. These depend largely on how you intend to fund the purchase of your vehicle. So what car Gap Insurance is right for you?
If you paid cash for your vehicle, or paid a sizeable deposit, or if you financed it, Combined RTI Gap cover will pay out the shortfall between the cost of your vehicle and the market value at the point of claim, which is the amount your motor insurer will cover. This is cover that will protect you no matter if you use your vehicle for private use or for business.
If you leased your vehicle or it is under a contract hire agreement, Lease/Contract Hire Gap Insurance will cover you for the shortfall on your lease agreement, after your motor insurer settlement. If, for any reason, you change your vehicle within the first 90 days from the start date, we will also arrange to transfer your cover to your new vehicle without hassle or charge.