Plan to buy a brand-new SUV and change after 3 years. The budget is from 36000—48000.
So please recommend a brand and model that depreciates more slowly(preserve better). Next, consider other factors, such as cost of repairing and maintenance, ride comfort, power etc.
Any recommendations? Thanks!
Which SUV depreciates more slowly within 3 years?
jmmjbb on 12/04/2017 - 17:59
Last edited 12/04/2017 - 18:00
Last edited 12/04/2017 - 18:00
Comments
This might help with depreciation estimation.
https://www.carsguide.com.au/car-advice/how-to-choose-the-ri…
the main point of that whole article is this
Brands with best resale value after three years/60,000km
- Land Rover/Range Rover - 61 per cent
- BMW - 58 per cent
- Porsche - 58 per cent
- Subaru - 56 per cent
- Toyota - 55 per cent
- Audi - 54 per cent
- Jeep - 54 per cent
- Mazda - 54 per cent
- Mini - 54 per cent
- Mercedes-Benz - 53 per cent
Models with best resale value after three years/60,000km
- Audi A5 - 73 per cent
- Range Rover Evoque - 73 per cent
- Toyota LandCruiser - 73 per cent
- Nissan Navara - 71 per cent
- Mercedes Benz C 63 AMG - 69 per cent
- Honda Jazz - 67 per cent
- Honda Odyssey - 65 per cent
- Toyota 86 - 65 per cent
- BMW 4 Series - 64 per cent
- BMW 2 Series - 64 per cent
Crap list. Only 3 models are SUVs and none in OP's price point.
The top three brands OP couldn't even afford and a 40% depreciation on a 150k Range Rover is still less than a 50 or even 60% depreciation on a Mazda3
OK so why don't you provide a list then?
Plan to buy a brand-new SUV and change after 3 years.
prado, land cruser or lexus hold their value better than most others.
The budget is from 36000—48000.
but you won't get a new at that price range.
kluger
Self interested post….Buy a Subaru Outback Turbo Diesel Premium, I'd love to pick another 3 year old one for $26k
As said before, Prado or Landcruiser 200 series, but not within budget.
According to March's RACV magazine which they have the Australia's best car award, they gave the best suv under $50K to the Subaru outback 2.5i premium followed by Kia Sportage platinum then Mazda CX5 M sport.
They base results on price, depreciation, running and repair costs, fuel consumption, safety, comfort etc etc
You should be asking which SUV retains the best resale value after 3 years… when the car is already 3 years old.
After the first 3 years/60,000kms… that's when the biggest drops in value occur.
So if you pick up a Great Condition car that's New but aged only for 3 years… it'll have low K's and won't cause you any heartache.
You can buy on the cheap, keep for a decent 2 years, then resell it at a slight (rental) loss.
Then go out and buy another car that's 3 years old.It'll feel like buying a new car every few years… but it won't burn a hole in your wallet.
After the first 3 years/60,000kms… that's when the biggest drops in value occur.
are you sure? i thought that motor vehicles depreciation was 15% for the first year and then ~7% p/a after that.
There's no set formula. Maybe an industry average, but it's just that… An average
ignis, half joking, 20k car will prob be worth still 12-13k after 3 years considering its just had a redesign and swifts hold pretty well.
What are you going to drive after 3 years?
Buying a new car every 3 years rolling is such a terrible waste of money.
The one that depreciates least would already be 1-2 years old when you buy it. That is when the most depreciation occurs.
What sort of SUV do you want, there is a massive difference between a 7seat AWD and a compact 2wd. Do you want big, small, off road ability, 7 seats, luggage space, power, economy?. For me these would be a bigger factor than the lowest depreciation. No point buying a vehicle that doesn't suit my needs, because it will cost less to run.
Buy a new Toyota Rav4 - generally Toyota's hold their value quite well.
Honda Odyssey is smack-bang within your price range and is in that list above for having the 7th best resale value. Sure its technically not an SUV but after growing up and then driving my parents 1990 Tarago (which is still going strong today) I'd take a people mover over an SUV any day even if you dont need that extra row of seats.
If you want an out there option, If you want a car that will not depreciate, how about one of these old Jalopies?
https://www.gumtree.com.au/s-ad/1144770125
It might be 30 years old, and they've no doubt wound the clock back, but at this age, who cares?
Not only does it look just like the current $180k model, but depreciation is done, this car is a classic.
Way below your budget, parts would be easily to source, it's diesel so it would be reasonably cheap to fuel.
It will be slow, but its a cool car.
Man, that is a big request that no one would likely know. There are so many different SUVs. Wouldn't this just be a matter of detailed research eg looking up redbook?