If you spend more buying your car than the price of a house you may well be unconcerned by day-to-day running costs, but according to car valuation specialists Parkers Guides, the owner of a £300,000-plus Maybach 62 will in their first year of ownership lose an eye-watering £127,000 in depreciation.
Parkers based its calculations on a one-year-old vehicle in good condition and with average mileage being sold privately.
The small car comes of age
Luxury cars are well-known for losing value in their first three years, a trend that has been exacerbated by a depressed market over the last eighteen months, but perhaps more of a surprise is that small cars are proving remarkably resilient.
The Honda Jazz has over the last 12 months been Britain’s best car for retaining its value.
Over the last year the car would have lost just £1,379 in depreciation.
Sales of small cars in Britain have now overtaken those of their larger counterparts and for the first time, media coverage of compact cars at the recent Detroit motor show eclipsed interest in supercars, SUVs and luxury saloons.
How much does your car cost you?
Few people know exactly how much their car costs to run. The focus tends to be on petrol and diesel prices, but maintenance and breakdown are just two of the many other costs to take into account. Use this car cost calculator to work out how much you pay.
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