Which Car Will I Lose The Least Money on?

[Deactivated] on 20/05/2024 - 17:05
Last edited 21/05/2024 - 17:14 by 1 other user

I have another baby on the way and looking for a car that we will lose the least money on after 5 years.

We currently have a i30 n-line that has just hit 5 years old. Purchased new for $25k and looks like it's now worth, well, 25k which is a great free bit of motoring. Great car but too small.

Looking for some soulless SUV/Wagon thing that will have little depreciation like the i30 did. Would want to negotiate the best deal and also consider future value.

My thoughts have been to get a 2023 demo with less than 5,000km and go in strong at EOFY.

Found a few that would work:

  1. Subaru Outback - $41,000
  2. Mitsubishi Outlander - $38,000
  3. Sportage - $37,000
  4. Tucson - $36,000
  5. Skoda Karoq - $36,000
  6. CX5 - $35,000

Looking at older examples with the same km it looks like if I can negotiate the outback down to $39,xxx it would hold its value well or the Tucson would also do well. Just want a base model gutless baby hauler. We have an RS3 as a second car and family access to a gt3 991.2 so don't care about anything else but resale.

What would you recommend? I have no budget just want to lose little at the end of 5 years.

Poll Options

  • 60
    Subaru Outback
  • 17
    Mitsubishi Outlander
  • 7
    Kia Sportage
  • 2
    Hyundai Tucson
  • 7
    Skoda Karoq
  • 130
    Mazda CX-5
  • 23
    Other
Automotive Car Hyundai Motors Kia Mazda Mitsubishi Skoda Karoq Subaru SUV

Comments

  • shaybisc on 21/05/2024 - 07:52

    "We currently have a i30 n-line that has just hit 5 years old. Purchase new for $25k and looks like it's now worth, well, 25k"

    That is astonishing to me. I know used car prices went crazy during Covid but they are still crazy? Back in my day, which I don't think was all that long ago, a new car depreciated significantly in value the moment it left the car yard.

    • Hansi on 21/05/2024 - 08:45
      +1

      Bought my regular i30 Feb 2020 for 17.7k with 32ks then sold in Sep 2023 for 20k with 61ks…. Crazy times

    • [Deactivated] on 21/05/2024 - 09:25
      +1

      I negotiated 4k off at the dealer and then they increased the base price by 6k since I purchased in 2019. So it has lost value compared to what they sell a new one for now but they have also jacked up prices.

    • Ezekiel2320 on 21/05/2024 - 10:09
      +2

      Doug Demuro had a YouTube video about it yesterday. During COVID there were shipping and production issues so cars either stayed at the same price or appreciated for the ONLY TIME IN HISTORY.

      Now numpties have forgotten how it worked for 100 years and are still holding onto this absurd notion that cars are an asset that doesn't lose money. Some people are just dumb

    • Powershopz on 21/05/2024 - 10:27

      Covid did crazy things to the car market.

      We got a very good price for our 2018 Mazda 3 SP25 GT as one of our close friends knew the dealer.

      Paid $28K. Could sell it now comfortably for $25K.

      • HerpinDerp on 21/05/2024 - 10:41

        Yeah, like the huge Ozbargain deal with the GR Yaris. I paid the 40k deal and sold for 48k back to a different Toyota with 1 week of rego and 12k km. Market is worse now. Only the low volume or eco boxes are hodling

      • [Deactivated] on 21/05/2024 - 12:16
        +1

        Yea, 2016 VW Polo (Brand New) paid $14,000 - Now a new polo is over 30k… joke.

        • sumyungguy on 21/05/2024 - 14:38

          Either your parents are VW dealers or your memory has failed you.

          • [Deactivated] on 21/05/2024 - 15:00

            @sumyungguy: Nope, got the contract in front of me. It was a manual 66tsi (base model) in white and they had three of them listed for $14,888 on carsales. Went in and snagged one for $14,000 with some carpet mats thrown in.

  • Poor Ass on 21/05/2024 - 07:59
    +1

    Don't get the CX-5. Although it is mechanically good and decent resale value it's very small in practical space. If you check it out you will see the boot and leg room area for second row is quite small compared to similar sized cars.

    • p1 ama on 21/05/2024 - 10:46
      +5

      CX-5 is just a Mazda 3 on stilts, just like the CX-3 is just a Mazda 2 on stilts.

      • THICKnSLOW on 21/05/2024 - 11:00
        +1

        CX-30 is just a Mazda 3 on smaller stilts?

      • Poor Ass on 21/05/2024 - 11:56
        -1

        yeah i guess you are right

    • bbinc on 21/05/2024 - 12:36

      I have a '23 CX5. I think you are right, the internal space is way less than a RAV4, Outlander, Outback, Forester etc. Very tight if you've got bulky stuff to carry.
      Very comfortable, quiet and economical. Just enough space for us, but won our vote because the length, width, turning circle all worked to get it in our tight parking spot easiest of them all.
      Everyone has different reasons!

      • Poor Ass on 21/05/2024 - 13:18

        also it guzzles the most fuel out of all the cars you have listed unless you are doing a lot of highway driving

        • bbinc on 21/05/2024 - 14:39

          Interesting claim. Short trip city runs I’m getting 8.1l/100km, combined 7.5.
          On 91 octane. Beats the Xtrail/Koleos. A leadfoot might have a different experience. And of course a hybrid is a different story.

          • Poor Ass on 21/05/2024 - 15:04
            +1

            @bbinc: I was doing city runs only and couldn't even get under 11L / 100km and I drive conservatively

            I had the 23 cx-5 akera 2.5L non turbo

            even the manufacturer says 9.2L city per 100km

            maybe you got the 2.0L

            • bbinc on 21/05/2024 - 15:43

              @Poor Ass: 2023 Touring 2.5L non-turbo.
              Maybe we have different driving styles or terrain?
              Have you talked to your dealer? I have not seen worse than 8.8 since I've had it. My Renault Koleos - Nissan 2.5L with CVT bested at 10.5, worsted at 11.5

              • Poor Ass on 21/05/2024 - 15:46

                @bbinc: were you driving mostly flat and downhill?

                hahaha yeah dealer… they say they sell the cars not build the car they can't help

                it's not a flaw but yes myself and many others with cx-5 did the purely city struggle to get it under 10L per km so it's not just me

                so you must have a pretty good run

    • smartazz104 on 22/05/2024 - 09:04

      Do people even buy "SUVs" because they think they get more space, or because they want to sit higher (or as high) as others on the road?

      • Poor Ass on 22/05/2024 - 09:06
        +2

        for that you need to go to school pick up and ask the parents

      • p1 ama on 24/05/2024 - 11:43

        I've actually asked people.

        It's the social conditioning (need a bigger car because "family"), and when pushed on it (e.g. "what do you actually need to carry that doesn't fit in a hatch / sedan"), it always ends up coming back round to "comfort", which, again, when pushed comes down to "driving position", which when pushed, comes down to "sitting higher".

        That's just what it is at the end of the day, despite sitting higher being an objectively less comfortable way to drive a car. Lowering your centre of gravity makes for a more comfortable ride because you reduce your moment of the force you feel. Sitting higher also increases the angle of your legs and makes it impossible to "stretch out" and sit further back.

        It's just that the idea of being on top of a hill is so ingrained into our evolutionary biology that people just can't ignore it.

  • loadofrubbish on 21/05/2024 - 08:01

    Prado

  • gimme on 21/05/2024 - 08:25
    +12

    How large is your baby? why doesn't it fit in the i30?? I know we're conditioned to think we need an SUV for a family but many parts of the world do just fine with small cars.

    Ppl seem to lug too much unnecessary stuff! It's a vicious cycle.

    • sumyungguy on 21/05/2024 - 08:40
      +2

      I wholly agree but now accept this is considered lunatic fringe thinking in our country

    • WeeDeePotato on 21/05/2024 - 09:17
      +2

      riiiight?!

      I had a Nissan Silvia for the longest time and used to drive my child and my dog. It was fine.

      SUV's aren't even any bigger inside than an i30 anyway!

      I currently have a Kia Cerato hatch - when I researched it had more room in the boot than the Hyundai Kona (the SUV version, essentially).

      OP should keep the i30…Get a roof box for the few times you need more room

      • [Deactivated] on 21/05/2024 - 09:30

        As a 6 Foot 5 person I would have to disagree, the rear facing baby seat means my drivers seat is so far forward that I can't operate the pedals. The outback for example is massive in comparison. It is all about the boot space and you can see that these examples all have around 520L of boot space (unlike the kona which is a compact SUV). We need to fit two prams, baby cots, baby change bags, highchairs, toys, nappies etc. When we do away for the weekend we can't possible fit all of that and also our luggage.

        • WeeDeePotato on 21/05/2024 - 09:48

          You're quite a bit above average height so yeah, you would need a car that has a good amount of driving position adjustability.

          Outback is effectively a traditional station wagon, a much more efficient car in terms of space and fuel usage compared to SUV's. We need them to be the norm again!

        • p1 ama on 21/05/2024 - 10:48
          +2

          As a 6 Foot 5 person I would have to disagree, the rear facing baby seat means my drivers seat is so far forward that I can't operate the pedals.

          Be careful with most SUVs in this case. In many cases, SUVs have very short wheelbases compared to sedans. The Outback is a station wagon that's marketed as an SUV, so it's likely an outlier.

          For driving comfort, large sedans and station wagons are generally much better if you're tall and carrying passengers in the rear seats.

        • bbinc on 21/05/2024 - 12:39

          As a CX5 owner, I think you should find a dealer who will let you try to put all that in a CX5. It could be hard work.

    • smartazz104 on 21/05/2024 - 09:25
      +1

      Too hard to bend down to pick their child up out of the child seat, even though successive generations managed…

      • [Deactivated] on 21/05/2024 - 09:31
        +1

        Not a factor at all. Would also consider a wagon. Would buy an Audi rs6 if I was loaded.

  • Rob-4x4 on 21/05/2024 - 08:38

    A friend of mine bought one of the last of the Landrover Defender 90's sold new in Australia. It has actually increased in value since he purchased it !
    A very rare case but it can happen that you buy a new car that increases in value…

  • Freitag on 21/05/2024 - 09:50
    +3

    High km Mazda's (with petrol engines) will hold value better than high km Subaru's.
    Did you consider the Mazda 6 wagon? I think the boot is a bit deeper than the CX-5.

  • pharkurnell on 21/05/2024 - 11:22
    -1

    Landcruiser…

  • kaleidoscope on 21/05/2024 - 11:26
    +1

    If you want to get a car that's loosing least amount of money during x number of years, stop looking for brand new cars and instead get a used car (you dont need to get a shitbox 10 year old car, but look into demos or couple of year old ones from a reputed seller). Because they've already lost the biggest amounts which are the drive away costs, further depreciations would be lot less than that of a new car. As for the type of car really is about lifestyle and how you use it.

    When I was searching I've ruled out rav4 as it wasn't spacious enough. Kluger might be an overkill and a petrol guzzling monster. I would look into something like cx5/9, sportage or subaru. There is a trend for station wagons nowadays, if you're okay with that look into some as well. I personally didnt like them as they're longer and harder to park and in tight spaces but ymmv :)

    • Herbse on 21/05/2024 - 11:43
      +1

      I get the feeling you haven't bought a new car in the past couple of years. Second hand prices are almost the same as new car prices and sometimes higher because of the delays in orders.

      It used to be he case that buying a second hand car was a smarter move. Now, you're better off buying new and enjoying the perks of it as well.

      • kaleidoscope on 21/05/2024 - 13:31

        I get the feeling you haven't bought a new car in the past couple of years

        Wrong.

        —-

        I bought new, as I wouldn’t buy used if i’m spending over 30k for a vehicle not because of a used car value

  • Herbse on 21/05/2024 - 11:41
    +1

    Mazda has gone from being the cheap Japanese option to the premium, high class option. All thanks to their inflated prices and advertisement spending.

    The cars themselves are average af with outdated infotainment tech.

    But out of that list, the Mazda would most likely be worth the most (if only by a few hundred or thousand more at most)

    • gimme on 21/05/2024 - 14:05

      It's redundant though in the CP and AA era

  • rickdwp on 21/05/2024 - 11:52

    You are not going to repeat Covid pricing, anything you buy new now will lose value not quite as fast as pre-covid but it's getting there. Especially going a base model which are the fastest to depreciate and the hardest to sell in the sea of fleet cars.

    If you want to not lose money then buy a used car in the 10-15 year range for 10k - Also if ya breeders/boomers 2.0 just get a carnival.

    • [Deactivated] on 21/05/2024 - 12:14

      It's not even covid pricing, dealers just aren't doing the deals like they used to. In 2016 I got a new VW Polo for $14,000 driveaway! A new polo is now over 30k. It's madness.

  • jv on 21/05/2024 - 12:08
    +2

    Which Car Will I Lose The Least Money on?

    The cheapest, eventually…..

  • dontboopthesnoot on 21/05/2024 - 12:20

    Camry

    • jv on 21/05/2024 - 12:26

      Crows

  • Arkan on 21/05/2024 - 13:45
    +2

    People are ignoring servicing and warranty costs. On that account Outlander wins hands down. 10 year warranty, 10 year capped priced servicing, for me worked out average $300 a year over 10 years.

  • johnfuller on 21/05/2024 - 15:14

    toyota, then subaru

    • Bearlion on 22/05/2024 - 13:02

      yep, avoid mazda at all costs! honda offerings are good too.

  • [Deactivated] on 21/05/2024 - 15:51
    +1

    If you're budget is $40K where's the love for the mazda 6 wagon? Lighter than a CX-5 and more cargo space.

  • Roe Jogan on 21/05/2024 - 15:51

    anything toyota

  • Tiredman on 21/05/2024 - 19:56

    I have a jimny and I'm making money on it.

  • Commander Shepard on 21/05/2024 - 20:36

    I had my Subaru Levorg/WRX wagon next to my sisters Mazda CX5 the other day. I couldnt believe the lack of space she had in that car.

    I vote Subaru outback. Its very similar to my car taller and longer.
    And surely capped prices servicing isnt that big of an impact. Half the time the expensive consumables arent even included.

  • Thirtyfourfifty on 21/05/2024 - 21:17
    +1

    Let me throw the Mazda 6 Wagon into the mix. Touring spec can be got for about 43K.
    Otherwise demo Outback for 41K sounds like a ripper deal. The Cx-5 lacks the depth required for strollers etc.. but has the SUV height for easy bub maneuvring. Good luck

  • Dsiee on 22/05/2024 - 07:46

    A 15-20 year old camry can't drop much in value and is an ozbargin darling.

  • Kiro on 22/05/2024 - 11:16

    Would have assumed the following will suit an oZbargainers requirements:

    1. High yield investment for best retun

    Or

    1. Pre 2015 Camry for the fact of longevity.
  • Bearlion on 22/05/2024 - 13:01

    Thanks to people trying to avoid going homeless, second hand cars pretty cheap, get a private sale for half price will save you 20k off the bat. i understand the wife might be mad though…

  • LlamaOfDoom on 22/05/2024 - 22:22

    Take a test drive in an Outlander. I think it will be off your list. Maybe sit in the back seat while partner drives and go over some rougher suburban roads. Horrible.

  • ass3ts on 23/05/2024 - 12:04

    If you have no budget and it sounds like it will be the car that you drive the most for the next 5 years of your life, why not pick one that you'll enjoy more regardless of the resale value? Looking at the cars you listed, I don't think you will lose a massive amount whichever one you choose. Don't forget to consider the safety aspects too, especially with 2 babies. Should not just all about saving money and nothing else.

  • hothed on 23/05/2024 - 16:14

    Outback, otherwise mazda 6.

    You can never have a boot big enough for all the kids stuff. We regularly pack our Mazda 6 wagon to the roof.

  • Dr Prepper on 26/05/2024 - 19:40

    If that is your concern buy 3 sell at 6 yrs.

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