Finding the best value used cars can be a challenging task, especially as prices continue to rise. However, it’s important to remember that value is subjective, as different people have different priorities when it comes to purchasing a car. One reader recently shared their experience of buying a new Tesla Model 3, which cost them £39,000 but included 15,000 miles of free charging. While they acknowledged that the car would depreciate heavily, they were thrilled to be the first owner.
This got us thinking about the value of buying a used car. For example, a year-old Model 3 with 5,000 miles can be purchased for £29,000, saving the buyer £10,000. Assuming an average cost of 45p per kWh for charging, that £10,000 could be enough to cover 122,000 miles of power. Of course, this calculation doesn’t take into account the improved efficiency and features of the latest Model 3.
Ultimately, the decision between buying new or used comes down to personal preferences and circumstances. However, in this guide, we will focus on the value of used cars and how to find a good deal. There are certain factors to consider when looking for a good-value used car. It’s important to check its provenance with a service like HPI, scrutinize its service history and MOT record online, inspect the body for any signs of damage or repairs, and thoroughly test drive it.
Now, let’s take a look at some of the best value used cars available on the market:
1. Ford Puma (2019-present): The Ford Puma offers a practical and rewarding driving experience, although its interior may look cheap. A determined haggler can get up to 12% off a new Puma, but the nearly new version still offers a better deal.
2. BMW 3 Series (2008-2012): This generation of the 3 Series is proving to be reliable and offers a refined, upmarket interior. The facelifted 318i saloon is light on running costs and has a useful 141bhp.
3. Mazda MX-5 (2005-2015): The Mk3 MX-5 is known for its great fun-to-drive factor and reliability. The 1.8-litre version is cheaper and suits the car better.
4. Vauxhall Insignia (2009-2017): The former-generation Insignia is still a good choice, especially on the motorway. Look for a tidy 138bhp 1.4i turbo petrol version for a good balance of performance and economy.
5. Mini Cooper S (2007-2014): Minis, when looked after, are solid cars. The Cooper S offers strong performance and nimble handling. Avoid falling for fancy graphics and prioritize condition.
6. Land Rover Discovery (2004-2010): The Discovery is known for its excellent off-road capability and spacious cabin. It’s also incredibly roomy, with space for seven adults.
7. Seat Alhambra (2010-2020): The Alhambra is a versatile people carrier with a capacious body and flexible interior. Despite being replaced by SUVs, MPVs like the Alhambra still offer good value.
8. Skoda Kodiaq (2017-today): The Kodiaq is a seven-seat SUV that offers efficient packaging and a solid diesel engine. It’s known for its roominess and practicality.
9. Dacia Jogger (2021-today): Dacia is known for offering value for money, and the Jogger is no exception. It’s versatile and practical, with the option for a camping conversion.
10. Skoda Superb Estate (2015-2024): The Superb Estate offers an amiable ride and handling, along with exceptional rear legroom. If the featured generation is too expensive, consider its cheaper predecessor.
11. Porsche Cayenne 4.5 Turbo S AWD (2006-2007): The original Cayenne Turbo S offers excellent performance and a premium cabin. It’s now available at a steal of a price.
12. Jaguar XKR 4.0 Supercharged Coupé (1998-2006): The XKR’s rich sounding V8 and excellent value make it an enticing choice. However, reliability may be mixed, and the design may look dated.
13. Jaguar S-Type 4.2 V8 R (2003-2007): The S-Type is equipped with great standard kit and a V8 engine that has plenty of charm. It may have a firm ride and a design that isn’t well-regarded.
14. Audi RS6 Avant 5.0 TFSI V10 (2008-2009): The RS6 offers ridiculous pace and a supple ride. However, it has a heavy thirst for fuel and can be expensive to maintain.
15. Vauxhall Insignia 2.8i Turbo V6 VXR 4WD (2009-2017): The Insignia VXR offers handsome styling and a spacious interior. While it may have sluggish acceleration and inert steering, it remains a performance bargain.
These are just a few examples of the best value used cars available on the market. It’s important to do thorough research, consider your own needs and preferences, and take the time to inspect and test drive any potential purchases. By doing so, you can find a used car that offers real value for money and meets your requirements.