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Mini tops value list for used cars
Nov 26 2008Buyers applying for unsecured Car Loans to fund the purchase of new vehicles may consider the diesel-powered MINI 1.4TD a worthy investment.
The vehicle was named the UK's slowest-depreciating used car in new analysis of three-year-old vehicles carried out by EurotaxGlass's.
With an average trade-in value of 63.2 per cent, the Mini betters any other used car currently on the market - coming out on top for the second successive year.
The figure has slipped from last year's winning total of 71 per cent, however, the equivalent of a £600 fall in value brought about by the current downturn in used car values across the board.
Adrian Rushmore, managing editor at EurotaxGlass's, said the Mini's strong image, affordable running costs and high levels of perceived quality made it "as close to recession-proof as possible in the current used car market".
The value of three-year-old used cars fell by an average of 28.1 per cent during the last 12 months, according to a study by HPI.
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