What is life like with your car? Let us know and win £500 in John Lewis vouchers | No thanks

How much will my car be worth in two years?

I was wondering if you could advise on a website which would provide predicted retained values for cars? I am looking at buying a new car and given depreciation will be the largest cost it would be good to compare various model's predicted residuals

Asked on 19 March 2015 by sborthwick

Answered by Honest John
Sorry, I don't believe in this for a number of reasons, the most pertinent of which is that they are misleading. They are always based on a percentage of the original list prices of cars and take no account of the fact that some may be discounted by up to 30 per cent, and that some may be specced up with extras that can add £30,000 to their list prices. The only thing that is relevant is the amount of hard cash you lose. And no one predicts that or can accurately predict that.
Dear Honest John,

Please help me choose my next car. I would like it to have:
    Select a few terms below
Similar questions
In early 2013, I bought a new BMW 640d M Sport Gran Coupe. I part exchanged it two years later for a new BMW M4. That cost me £32,000 in depreciation. I'm now thinking of selling my M4 at the three year...
Thinking about buying a small electric car for my wife. She does mainly local trips, shopping, visiting friends, absolute maximum 70 - 80 miles in a day. I know new electric cars are expensive and suffer...
I'm looking for a cheap to run car which will be reliable, but over the magic 100,000 mark, as I do plenty of miles and don't want to crucify value. Ideally for about £2500. I do enough miles (12,000 plus)...