Cars that maintain their value

It is a fact that most cars lose money year upon year from wear and tear on the paintwork, interior and engine or even because a newer model has come out making yours seem outdated.

There are certain cars that do hold their money or some classics even increase in value. You can also increase the value of a car by doing work to it, such as a respray or completing repairs that needed doing when you purchased it but there is always a ceiling limit as to how much you can recoup.

Studies show that a new car loses approximately 17% of its value within the first 12 months but some cars lose money quicker than others.

The Honda CRV, the Nissan Frontier and the Jeep Wrangler are amongst some of the cars that lose less than 17% in the first year with these three particular models losing on average between 7 and 8 percent. This can mean an additional £1000-£2000 in your pocket should you wish to sell it after a year.