Used hatchback costs rose in 2015
New data has revealed that the cost of owning a used city hatchback car increased during 2015.
A new report by cap revealed that the city car sector was one of the main used cars, and it is this high use that led to higher overall depreciation than vehicle sectors and the market average. It means car buyers need to consider the total cost of ownership, as well as maintenance, fuel, and insurance.
The latest cap data also revealed the total cost of ownership varies significantly between city runabouts. The Suzuki Celerio offers the best value, with monthly costs of just £192, as well as an initial price tag of £6,944.
The three city cars with the highest service and maintenance costs are the Peugeot 108, starting from £797, the Citroen C1 starting from £771 and the Vauxhall Viva starting from £725. However, despite the high service and maintenance costs, all three appear among the best overall buys, when looking at total cost of ownership.
In contrast, the Smart ForFour Night Sky Hatchback, has the highest, monthly maintenance costs at £1,251, contrasting with the Toyota Aygo, which costs just £441 in servicing, offering great value in the top three.
Philip Nothard, cap consumer and retail editor, comments, ‘The good news is that there are very attractive new car offers, with low rate PCP headline figures.
‘Due to this sector being the lower-cost vehicles, they have been subject to the increased registration through pre-registrations, as they continue to be a popular option for motorists.’