Fleet News

Lex shows sports cars are a safe bet

COUPES and sports cars are the safest investments as low-depreciating company cars, according to Lex Vehicle Leasing.

Lex found that seven out of 10 vehicles were coupes or sports cars when listing three-year-old cars on its fleet with the strongest projected residual values, with the Porsche Boxster coming out on top. In second place was the Honda S2000, while the Mercedes-Benz SLK and CLK took the next two spots.

Steve Jones, LVL pricing manager, said: 'The Boxster is very desirable in that it is the first three-year-old Porsche that many motorists will ever have been able to afford.

'The Honda is quite rare and has a strong following, while demand for used Mercedes SLK and CLKs continue to outweigh supply - this is keeping RVs strong.'

The first mainstream car on the list is the Jaguar X-type, while a surprising entry in seventh place is the Land Rover Defender.

Jones added: 'Strong residual values keep down wholelife costs whether you're buying or leasing, and cars with good residuals are normally desirable, reliable and have a strong brand image.

'For many, the Defender is a surprise entry, but the car doesn't lose its appeal even at 10 years old.'

Residual value winners

Lex Vehicle Leasing top 10 cars with highest residual values after three years/60,000 miles.
1. Porsche Boxster
2. Honda S2000
3. Mercedes SLK
4. Mercedes CLK
5. Jaguar X-type
6. Audi TT
7. Land Rover Defender
8. Lotus Exige
9. BMW 3-series
10. Lexus SC430.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee