Drivers can also make substantial savings by securing the best deal on their car insurance
Just a few weeks since the introduction of the new 62 plate on UK shores, the coming months could represent the perfect opportunity for buyers to snap up a bargain 2nd hand vehicle.
At a time when the rising cost of petrol and other car-related expenses are continuing to put a squeeze on motorists’ budgets, for many people now could be the best time to invest.
Recent research by Motors.co.uk has revealed the top 10 used cars that will hold their value most effectively in 2012, with some even coming in at a price tag of under £10,000. The vehicle offering the lowest depreciation is the BMW 1-series, with a 2010 model (around £19,197) coming in at £20,329 brand new - an annual drop in value of 5.6%.
This is followed in second place by the Ford Focus with a depreciation of 6%; a 2011 model (£11,919) comes in at a current price of around £11,207.
Third place is occupied by the Fiat 500, with a model costing £9,815 in the showroom depreciating by around 7% to £9,137.
In fourth place the BMW 5 Series, costing around £35,590 on average last year, would drop in value by 11% after a year to reach around £31,758.
The final place in the top five was occupied by the Audi A3, with a year-old model costing around £18,437, down 12% from a forecourt price of around £20,994.
As well as getting the best value on their 2nd hand vehicle purchase, drivers can also make substantial savings by securing the best deal on their car insurance. Asda Car Insurance, independently rated 5 out of 5 by Defaqto, starts from just £261* a month and offers up to £100,000 worth of legal cover and a courtesy car as standard.
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