May 10, 2022 | Buying advice, Financial, Sales |
It is common knowledge that cars quickly lose their value after purchase. Are you still looking for a car that retains its value? Below is a list of 10 cars that depreciate the least after 3 years. This research was carried out by the British consumer association WhatCar. As expected, most of them are more expensive cars, so you have to pull out your wallet to get a car of value from the top 10!
Depreciation of car
Depreciation is probably not at the top of your list of concerns when buying a new car, but it is certainly important to think about as it is usually more than all the fuel, tax and maintenance bills put together.
10: Range Rover
The latest generation Range Rover has just gone on sale and like its predecessor, it is a hugely comfortable, refined and desirable luxury SUV. Demand is high and waiting times are long, making it easy to understand why the new Range Rover is expected to hold its value so well. After three years, this car is expected to retain 75.3 percent of its new value.
9: Mercedes CLA Shooting Brake
Thanks to its high tailgate and narrow boot, the CLA Shooting Brake is far from the most practical estate car, but thanks to its attractive interior, powerful engines and good driving experience, it has a lot of appeal. After three years, the value will still be around 75.8 percent of the new value.
8: Volkswagen California
This van has become increasingly popular recently and is always a safe investment. After three years, this popular motorhome is still worth 78.1 percent of its new value.
7: Range Rover Evoque
At seven is the Range Rover Evoque with 79.3 per cent. As with the full-size Range Rover, demand for the 'mini-me' Range Rover Evoque is very high. It helps that it drives well, is nice inside and also reasonably practical. The entry-level version of the 2.0-litre D165 diesel engine retains its value best.
6: Porsche Macan
With 80.5 per cent, the Porsche Macan is in sixth place. The Macan is one of the most entertaining sports SUVs on the market, but when equipped with air suspension, it can transform from a comfortable cruiser into a beast at the push of a button. Add to that a high-quality interior and the sought-after Porsche emblem, and it's not hard to see why it's on this list.
5: Porsche 718 Boxster Syder
At 5 is the Porsche 718 Boxster Syder with 81.3 per cent value retention after 3 years. All Boxsters are great to drive, but the Spyder version is especially compelling thanks to its bespoke suspension and the glorious sound the 4.0-litre in-line six-cylinder makes. Yes, it will cost you a lot of money upfront, but you'll get a lot of it back when you sell it.
4: Volkswagen Multivan
The Volkswagen Multivan is in fourth place with 82.8 per cent. The Volkswagen Multivan is one of the more expensive choices in the MPV class, but it is a vehicle that holds its value very well, especially in the 1.4 TSI eHybrid Life version.
3: Porsche 718 Cayman
With 83.6 per cent, the Porsche 718 Cayman is in the top 3. The Porsche 718 Cayman is great to drive, especially with the 4.0-litre engine in the GTS and GT4, which revs up to a heady 8000 rpm. However, the latter is the model that retains its value the best, offering 20 hp more than the GTS.
2: Lamborghini Urus
The Lamborghini Urus is one of the most exotic SUVs on sale, combining stunning speed with enough functionality to be useful every day. And it even makes financial sense, as the car is very stable in value. This car ranks 2nd with a value retention of 85.9 after 3 years.
1: Porsche 911
At number 1 is the Porsche 911, the king of value retention. After 3 years, this car is still worth 86.3 of its new value. In every respect, the Porsche 911 is an exciting sports car. The GT3 variant takes things to another level, however, as it combines sublime handling with extreme performance and has one of the best sounding engines ever built. All of this means that demand greatly exceeds supply, and it has the highest trade-in value of any car for sale today.
Which car is on your list? Let us know in the comments!
May 2, 2022 | Financial |
Have you bought a new car? Whether it's a brand new car or a cool second-hand one, before you can actually drive your new car on the road, you need to
Make sure it is properly insured. But how do you find a suitable WA insurance? We list the most important things you need to watch out for here, so you can have a safe
feeling can enjoy driving.
Different types of insurance
As soon as the car is registered in your name, it is important to insure it immediately, so that you can hit the road without any worries. You can choose from a basic third-party insurance (or
civil liability insurance), a WA+ (limited casco) with a slightly higher coverage, or the complete all-risk insurance.
In the Netherlands, it has been determined by law that every car owner must have at least a standard third-party insurance. If you do not have this, you are not allowed to drive. With a WA
This insurance covers you against damage caused by your car to third parties. As an accident can happen at any time, you should at least take out this insurance. It is wise to look at the current value of your car. Insuring an older car under all-risk is not often done, because the premium exceeds the value after a few years. That is why it is wise to have a good look at the car insurance that fits your situation. This prevents you from paying too much premium.
From WA to all-risk
In addition to the standard third-party insurance, there are also more extensive car insurance policies. You can also ask your insurer for additional packages, such as extra coverage for legal assistance or a passenger insurance. The three most chosen car insurances are the following:
- Third-party insurance is the simplest insurance that every car owner in the world must have.
Netherlands at least. A third-party insurance only covers damage you
caused by your car to third parties. Most suitable for older cars.
- A WA+ (limited casco) gives you a more extensive coverage. With this you are not
covered only for the damage you cause to others, but also for damage you
for example during a collision with your own car. Suitable for young used cars with
with a high daily value.
- All-risk insurance is the most comprehensive car insurance. The advantage of this
comprehensive insurance is that it even covers you for damage that you yourself have caused.
caused to your car. For example, if you have accidentally
against it. It also allows you to be reimbursed for the new value during the first to
through the third year. This insurance is most commonly chosen for new cars up to
6 years old. Then it is wise to calculate the difference between all-risk and WA+.
Always check with your insurer what exactly is covered by your car insurance, so that you know exactly what will be reimbursed and you don't have to face unexpected surprises.
There are no surprises. There is a difference between the conditions of different providers. It is therefore wise to read up on them before taking out a contract.
Jan 10, 2022 | Financial |
Classic car insurance, also known as heritage car insurance, is designed for older cars used mainly for recreational purposes. These cars are tax-exempt and have access to all environmental zones. In addition, there is no longer an MOT requirement for (genuine) vintage cars over 50 years old. This rule was introduced in 2020 with the aim of reducing costs for owners. Of course, getting a car over 50 years old through the MOT can be quite a challenge.
Although classic car insurance has some similarities with regular car insurance, it is not a universal insurance. car insuranceHowever, there are some important differences. Classic car insurance is often cheaper than regular car insurance, because if you have a classic car, you will probably drive less kilometres with it than with your daily car.
How much does classic car insurance cost?
The cost of a oldtimer insurance are usually dependent on the car you drive and how many kilometres you drive per year. In addition, your age and the number of years without claims also play a role. However, the insurance costs will always be lower if you drive a vintage car.
The insurance company does expect old-timer owners to maintain their classic cars well (after all, it is usually an expensive possession!). Therefore, extra conditions may apply when taking out old-timer insurance. So pay close attention to these conditions when you take out insurance. Also, there is often a kilometre limit of for example 5000 kilometres per year.
If your classic car insurance specifies a mileage limit, you should ensure that it is not exceeded. If this happens unexpectedly, please contact the insurer. If you do not do so, the insurer may refrain from providing compensation.
When does a car become a classic?
"A car becomes a classic when it has sufficient historical importance to be collectible".
While there is no definitive answer as to what constitutes a 'classic car', 40-year-old vehicles are exempt from road tax (MRB). Note; an oldtimer must have been first registered at least 40 years ago. Therefore, what matters here is not the year of construction of the car but when it first participated in traffic. Furthermore, an oldtimer may not be registered for business purposes, in which case the exemption will be void. So an oldtimer is really meant for private use.
Why is classic car insurance cheaper than standard car insurance?
Classic car insurance policies are often cheaper than standard policies, mostly because insurers consider classic cars to be at a lower risk of being involved in a claim.
This is mostly due to the use of these cars. Usually, the owner is extremely careful on his classic car and therefore takes fewer risks in traffic.
The oldtimer insurance often also includes stricter conditions that reduce the chance of damage to your car, or of you being involved in an accident. Finally, make sure you read the conditions of the insurer concerned carefully. This way you will not be faced with surprises such as very low mileage restrictions or limited use during the winter months.
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