Where is your money safest? The UK's best hybrid buys for depreciation
Depreciation is a big issue when it comes to buying a new car. Forget fuel, insurance or road tax – the value a car loses can sometimes actually be the biggest cost to the owner.
The issue of depreciation is even worse with hybrid vehicles, as low sales and uncertainty over the lifespan of their inbuilt battery packs leads used buyers to steer clear.
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However, it's not all bad news if you're worried about buying a hybrid vehicle due to depreciation. Market experts at Cap HPI have calculated which of these high-tech, fuel efficient vehicles retain the most value after a year of ownership and 10,000 miles.
Low depreciation is a great asset to have – not only does it save private buyers money, it also improves finance offers, as these are based on the car's future value.
The honours are dominated by Toyota, which features four of its own vehicles plus two from sister brand Lexus. The C-HR hybrid SUV took the top spot, retaining 84.5 per cent of its value after a year on the road.
It was followed by the Lexus NX SUV and the Prius+ MPV, the latter always in demand among taxi drivers – particularly in London.
The Suzuki Ignis was in fourth place, retaining an impressive 78.3 per cent of its value. Considering the mild hybrid Ignis costs an average of just £13,444 new, that's a boon for buyers on a small budget.
Toyota leaps back in at fifth place with the RAV4 hybrid, a vehicle well received by buyers – if not by the motoring press. Kia's Niro SUV is next, retaining 77.2 per cent of its value.
Perhaps surprisingly, the incredibly popular Prius hybrid is only in seventh place. Virtually unmatched reliability and strong demand from savvy buyers and taxi drivers alike mean secondhand values of this hybrid have remained strong for several years.
Finally, the Lexus IS and newcomer Hyundai Ioniq are eighth and ninth, retaining 74.4 per cent and 74.1 per cent of their respective values.
Commenting on the study, Chris Plumb from Cap HPI said: "While hybrids have grown in volume in recent years, they still remain relatively scarce in the used market compared to the traditional fuel types. As plug-in hybrid vehicles have not been widely adopted by fleets in any volumes, supply reaching the markets is patchy and demand exceeds supply. Buyers should avoid high mileage and poor condition examples as they are a turn-off to second hand buyers. Finally always make sure you pick a vehicle with a full service history."