When used beats new The value of the asset you’re left with at the end of the ownership term has a big
impact on value, and what goes back into your pocket when you come to sell or part-exchange can make all the difference.
Sometimes, no matter how generous the deal on a new car, depreciation will always make the used version the better buy. For example, because of the Vauxhall Insignia’s steep depreciation (30-40% on average in year one) even the manufacturer’s attractive 0% PCP deal over five years doesn’t make buying new the best financial decision.
Even the fact that the new car comes with a lifetime warranty that over three years will cost you £900 to match for the used car doesn’t sway the sums in its favour. When all comparable costs are factored in, a new car (as shown above) works out £1363 more expensive than a used one. The Insignia isn’t the only model to avoid as a new buy as the next few examples show.