One of the biggest misconceptions when it comes to buying a car is that all cars depreciate. Whilst many cars do depreciate, you might be surprised to hear that there are actually many cars in the Australian market that in fact do not depreciate and in some situations can actually sell for more than what they were originally purchased for.
Shop for Cars has put together a comprehensive list of the cars that don’t depreciate in Australia in 2023.
Let’s get into it.
There is nothing better than driving around in a stylish luxury car. Only a select few get to do it in their lifetimes and for that reason it has been found that luxury and high-end vehicles like Mercedes, BMW & Audi tend to depreciate at a slower rate compared to the more mass produced models. In 2023 we are consistently seeing older luxury cars selling for almost the same amount that they were purchased for many years earlier.
Now comes the million dollar question. What luxury cars don’t depreciate? Research has shown that the Mercedes Benz C-Class, the BMW 3 Series and the Audi A4 are the best luxury cars that hold their value.
For those of you who love the adrenaline of driving, then sports cars are for you. Another common misconception a lot of car buyers have is that sports cars tend to depreciate faster than other models. Not true. Research has found that Sports Cars are actually one of the better vehicle types for holding their value. The main reason for this is sports cars are not as mass produced as other vehicle model types like hatchbacks, subs and 4x4 Utes.
What sports cars don’t depreciate in Australia? This may come as a surprise to some but the sports car that has proven to maintain its value for the most part is the Porsche 911. An icon in its own right, the Porsche 911 can be found selling for around the same amount as it was purchased for brand new.
Do you have a classic car and wonder what it’s worth? Classic cars have a timeless appeal which often translates into a high resale value. This may upset you to hear, but not all classic cars hold their value. Only a select few actually sell for more than what they were purchased for all those years ago.
What Classic Cars don’t depreciate in Australia? This one may not come as a surprise, the classic cars that have found to not depreciate in Australia and actually sell for much more than the original purchase price are the Holden Monaro and Ford Falcon GT. There is nothing like a classic Monaro and Falcon GT in prime condition and is something that car enthusiasts crave.
It’s no secret that Electric Cars are exploding in popularity. Over the last year, Electric Cars have gone from just 3% of total new car sales to almost 15%. Could you imagine what it will be in 5 years? That said, Electric Cars are like all cars, some models hold their value and others don’t.
What Electric Cars don’t depreciate? Although they are fairly new to the market, studies have shown the Tesla Model 3 can still sell for the original purchase price such is the demand and limited production rollout.
We know that a lot of you have been waiting for this. How can we have any list of vehicles in Australia without mentioning Australia’s most popular vehicle type - 4x4 Utes?
What 4x4 Utes don’t depreciate in value? This would not come as a surprise to most of you but the two 4x4 Utes that fail to depreciate are Australia’s two most popular cars the Toyota Hilux and the Ford Ranger. Please keep in mind, only Utes with low mileage and in tip top condition are the ones that are selling for more than the original purchase price.
To round off our list we will be looking at the one stand out SUV that fails to depreciate and actually sells for more than the original purchase price time after time.
What SUV are we talking about? The SUV that has the best resale value is the Toyota Land Cruiser. Toyota Land Cruisers that are in tip top condition can be found selling for sometimes 5 - 10 thousand more than the original purchase price and that says something!
Whilst most cars in Australia do depreciate, there are a select few that actually do the opposite and grow in value whilst you own it. To make your money go further, it is important to look into the car makes and models presented and choose a car that is proven to maintain a strong resale value.
We hope you enjoyed reading this article. To read more articles like this, please visit the Shop for Cars latest news page here.
Shop for Cars is Australia’s first car dealership-only online classified. Shop for Cars brings you the best quality new and used vehicles from trusted motor dealers Australia wide. Shop for Cars currently has over 12,500 cars listed for sale all from licensed Motor Vehicle Dealers ONLY.
DISCLAIMER: This is all based on opinion. Please research and consult with all relevant parties to make the best buying decision.