Buying a new car can be exciting and is an event every motorhead looks forward to. However, some drivers are burdened by the depressing thought that, pretty much as soon as they leave the showroom, their shiny new vehicle will have already lost some of its value.
If you're one of those people, you needn't worry, as there are some cars out there that are excellent at retaining their value. To find out which cars you should invest in this year, read on.
Range Rover Evoque
With an average new price of £35,204, this compact SUV is worth investing in, as even after three years and 60,000 miles it retains an impressive 68.7 per cent of its original value. It has a bold but beautiful design, and comes with some excellent features. Intelligence Parking Assist ensures the lovely metallic-red exterior is left unscathed, while the Blind Spot Monitoring tech means you can always drive with confidence.
You probably won't find yourself taking the Evoque on an adventure across a muddy field, but if you do decide to brave it you'll be pleased to know it performs brilliantly off-road. It's worth bearing in mind that the five-door is the model that depreciates the least.
The Cayenne varies in price hugely depending on what model you buy, but expect to fork out £84,015 on average. Yes, it's a huge upfront cost, but you can be safe in the knowledge that the majority of the Cayenne's value is going to be retained. In fact, three years later it is still worth around 71.6 per cent of what you paid for it.
It's unsurprising, then, that the Cayenne is the biggest-selling model Porsche makes. The large SUV boasts a powerful engine, is a pleasure to drive and handles well. It's no wonder that even after it's been on the road for three years, people still desire one.
Audis are renowned for being excellent at retaining their value - the A1 is almost as valuable after three years as the Q3, as on average it holds onto 56.9 per cent of its original price. The Q3, on the other hand, manages to keep 62.5 per cent of its value - not bad considering its average price tag is just £27,993.
This compact SUV based on the A3 hatchback has an efficient engine to boot, so you needn't worry that you may be paying more for fuel than you're saving in lack of depreciation. Much like the Cayenne, the Q3's chic interior, long list of features, and premium badge are what ensure this model is always in high demand.
It should be evident by now that SUVs and 4x4s are the best cars to invest in if you are worried about your vehicle's resale value plummeting faster than Jeremy Clarkson's career. If you really don't want an SUV then luxury, executive, and sports cars also perform well on the used cars market. Just do your research before you put down any cold, hard cash on a hot, new motor.