What is depreciation? Depreciation is the amount of money that a vehicle loses over its lifetime. Unless you have a desirable classic or a limited-run performance car from a reputable manufacturer, your vehicle will depreciate at some point as a car that a previous owner has used isn't as attractive as a brand-new one.
According to the AA, a vehicle will lose roughly 40% of its value in the first year and around 60% in three years if you have driven 100,000 miles. Therefore, you want a car that retains its worth as much as possible so that you lose as little money as possible when it comes time to sell.
To help you find your next car that holds its value as much as possible, car leasing provider, Nationwide Vehicle Contracts, has listed below some of the slowest-depreciating car value after three years.
The cars featured in this guide:
The Porsche Macan is a small SUV and is one of the most entertaining sports SUVs on the market. The SUV can turn from a comfortable family cruiser to a sports car at the flick of a switch. It's easy to see why it's on our list, considering the vehicle's high-quality interior and desirable Porsche badge.
Inside the Macan, there's room for adults to sit comfortably in the back with a decent-sized boot, making the SUV a rewarding practical family car leasing option.
The Macan which depreciates the least is the Macan T model, which boasts a 2.0-litre turbo petrol engine that's similar to the one found in the Volkswagen Golf GTI but with chassis tweaks to improve handling. The Macan is also relatively affordable by Porsche standards, and its excellent reputation means it's great at holding onto its value.
Upmarket SUVs are highly desirable, with high demand for the "mini" Range Rover Evoque. The Evoque is a small, premium SUV with stylish looks, cutting-edge interior and the ability to traipse off-road.
Inside the Evoque, you'll find an array of high-tech features and plenty of space for all passengers to ride comfortably. It's classy interior, great driving traits and practicality are why the Range Rover Evoque is one of the best at holding its value in its class.
The 2.0-litre D165 diesel version holds on to its value the best. However, the importance of specification does affect the depreciation of the Evoque as the worst-performing Evoque trim loses around 10 per cent over the same period.
The Land Rover Range Rover isn't a vehicle usually associated with great depreciation value as they come with a high price tag. However, even though the Range Rover loses about the same amount of value as a supermini in the first three years, it nevertheless retains a respectable 72.8% of its value.
The Range Rover is luxurious and comfy with impressive off-road capability. Almost everything in the Range Rover comes with soft leather, plush material. There's also more than enough room for your tallest passenger to ride in comfort and luxury.
Nothing can match the Range Rover's abilities and luxury, which is one of the main reasons they are so desirable and hold their value so well.
The Porsche Taycan is one of the most desirable fully electric cars on sale as it was one of the first EVs from one of the most loved sports car brands. While the standard version is in high demand, the Cross Turismo estate is even more wanted with a much higher retained value.
Drivers love the Porsche Taycan as it's a seriously fast, luxurious four-seater sports car that's packed with plenty of tech and is comfy to drive. Its quirky styling is also one of the main reasons people love the Cross Turismo with its curvy bonnet and sleek sloping roofline.
All versions of the Porsche Taycan hold onto their value well, but if avoiding depreciation is your primary concern, the top-spec Cross Turismo in Turbo S trim is the one to choose.
The Tesla Model S blends high performance with luxury and zero emissions. The Model S is on the expensive side however, for an EV, it holds its value pretty well and is an element upmarket saloon option. Access to the Teslas Supercharger network is just one of the many reasons the Model S is so popular.
The Model S has the pace to put sportscars as well as offering plenty of space for you and a few passengers to get comfy. Inside, the Model S has one of the most futuristic interiors of any large saloon on sale, with a 17-inch touch-screen display that controls all of the Model S’s functions.
With its average depreciation value, the Model S is a wise choice for those after one of the best luxury electric cars. If avoiding depreciation is your primary concern, the Long Range version of the Tesla Model S is the one to choose.