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Top 10 Cars with the Lowest Depreciation in 2016

As a car buyer, you shouldn’t just focus on your car’s performance, specs and fuel efficiency. It’s also important to consider the price of the car you intend to get. When you purchase a car, there are loads of figures to take note of – prevailing COE prices, taxes, depreciation and more.

If you’re going to get a brand new car in Singapore, it’s important that you’ve taken into consideration the car’s depreciation, both annually and the total amount.

Here’s a formula to calculate your car’s depreciation:

[Cost of purchasing your car – (½ ARF)]/10 years

Find out which cars have made it into our list with the ‘lowest annual cost’, assuming that fuel and sundries consumption remain constant across cars. Here we have tracked the top 10 cars of 2016 with the lowest depreciation, based on current car prices available on One Motoring:

1) Mitsubishi Attrage

Photo Credit: Mitsubishi Attrage
Photo Credit: Mitsubishi Attrage

Type: Sedan
Price: $87,999
OMV: $14K-$15K
ARF: $14K-15K
Road Tax: $202 per annum
Depreciation: approx. $7,383 per annum

2) Nissan Note

Source: Telegraph UK
Source: Telegraph UK

Type: Hatchback
Price: $92,300
OMV: $13K-$14K
ARF: $13K-14K
Road Tax: $203 per annum
Depreciation: approx. $7,925 per annum

3) Mazda 2

Photo Credit: Carsguide AU
Photo Credit: Carsguide AU

Type: Sedan
Price: $96,800
OMV: $18K-$19K
ARF: $18K-19K
Road Tax: $273 per annum
Depreciation: approx. $7,879 per annum

4) Mazda 3

Photo Credit: caranddriver.com
Photo Credit: caranddriver.com

Type: Sedan
Price: $100,800
OMV: $17K-$18K
ARF: $17K-18K
Road Tax: $273 per annum
Depreciation: approx. $8,291 per annum

5) Hyundai Accent

Photo Credit: Autodeal PH
Photo Credit: Autodeal PH

Type: Hatchback
Price: $93,399
OMV: $10K-$11K
ARF: $10K-11K
Road Tax: $243 per annum
Depreciation: approx. $8,299 per annum

6) Honda Jazz 1.5

Photo Credit: Motortrader MY
Photo Credit: Motortrader MY

Type: Hatchback
Price: $98,999
OMV: $17K-$18K
ARF: $17K-18K
Road Tax: $273 per annum
Depreciation: approx. $8,304 per annum

7) Suzuki Ciaz

Photo Credit: Suzuki Thailand
Photo Credit: Suzuki Thailand

Type: Sedan
Price: $101,900
OMV: $18K-$19K
ARF: $18K-19K
Road Tax: $244 per annum
Depreciation: approx. $8,368 per annum

8) Toyota Prius C Hybrid

Photo Credit: Motortrend
Photo Credit: Motortrend

Type: Hybrid
Price: $109,888
OMV: $24K-$25K
ARF: $25K-26K
Road Tax: $273 per annum
Depreciation: approx. $8,404 per annum

9) Kia Forte K3

Photo Credit: Paul Tan
Photo Credit: Paul Tan

Type: Sedan
Price: $98,999
OMV: $14K-$15K
ARF: $14K-15K
Road Tax: $295 per annum
Depreciation: approx. $8,469 per annum

10) Mitsubishi Lancer EX

Photo Credit: Mitsubishi AU
Photo Credit: Mitsubishi AU

Type: Sedan
Price: $98,999
OMV: $14K-$15K
ARF: $14K-15K
Road Tax: $295 per annum
Depreciation: approx. $8,469 per annum

The guiding principle is that any car with depreciation amounting to less than $10,000 is a very good buy. Looking for your next swanky car, but looking for a better model with less depreciation?

Check out Carro for the best deals on branded used cars with the lowest depreciation!

 

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