Depreciation is a huge factor to consider when buying a new car. Some cars might look attractive with their low list prices, however, if they don’t hold their value well, they can be poor investments. Depreciation affects nearly all cars (minus certain limited-edition supercars) so it should be something to consider when buying a new model.
And should you want to limit how much money your car loses, you should step this way and look at the Range Rover Evoque. The Evoque has already proven itself to be luxurious, comfortable, good to drive and stylish in the Range Rover range, but it’s also one of the slowest depreciating cars on sale.
Back in February, CAP HPI awarded the Evoque with class-leading residual values. This means than on average, any second-generation Evoque will have held 63 per cent of its value after three years and 36,000 miles of use. It’s the Evoque R-Dynamic S P250 that’s the true depreciation buster, as it’s predicted to retain an impressive 67 per cent of its value. This makes it one of the least depreciating models on sale across all segments.
However, things have just got even better for the Evoque after it was ranked the top-performing model in What Car?’s best and worst depreciating models list of 2019.
The consumer publication studied more than 7,000 cars to work out the best models, and the Evoque beat a string of models known to retain their value well – such as the Porsche Macan, Alpine A110 and Audi Q8 – to come out on top.
It was again an Evoque in R-Dynamic S trim with the P250 engine that proved to be the model to go for as an investment, with What Car? expecting this version to retain 70.1 per cent of its original £38,675 list price after three years and 30,000 miles. It means that in this time, it will lose just £11,575 for its owner, and be worth £27,100 at the end of that period.
As well as being great for cash buyers, the Evoque’s fantastic residual means that it will be great value when financed, with the firm already announcing that the SUV with the entry-level D150 diesel engine will cost from just £245 per month with a £7,500 deposit over a three-year deal – that’s not too dissimilar from some superminis!
There were plenty of reasons to choose the new Range Rover Evoque already, but this latest announcement proves that as well as being a refined and luxurious small SUV, it could even be a solid investment…
