Fleet News

Badges count most on used car values

USER-choosers take note. The Porsche Boxster has topped a used car value league for the third time in a row.

Lex Vehicle Leasing, which operates a fleet of more than 120,000 vehicles, has pegged the Porsche at 60% of its new value after three years and 60,000 miles, the typical benchmark replacement cycle.

As a percentage of list price, it beats all the other vehicles on the leasing firm's books, although for many fleets looking at wholelife pence-per-mile costs, the list would look drastically different.

In the Lex list, a typical 2.7-litre Boxster will be worth about £19,000 at the end of a contract in three years' time.

Steve Jones, pricing manager at Lex Vehicle Leasing, said: 'This is amazing considering the car has been available since the mid-90s in the UK.

'The Boxster has the all-important Porsche badge on the front, which is important for user-choosers, but the restricted number of vehicles sold each year and the affordability of the entry-level 2.7-litre model has made it hugely popular in both the new and used markets.

'The same goes for the Z4 and X3. Both cars are new to the market – the Z4 has already made a big impact in the sports car sector and the X3 looks like a smaller version of the X5 and has already built up a strong order bank. Both cars are in high demand.'

Fourth on the list is the Mercedes-Benz CLK, which has not been outside the Lex top 10 in three years, while the SLK is placed at number 10.

New entries include the Mazda RX-8 and Audi A4 Cabriolet.

Jones added: 'When you look at the list, there is a clear trend. All the cars have a sporty image, look good, are in high demand and in most cases aren't in mass production.

'All the cars are chosen by higher-level user-choosers, who are less concerned with tax bills, but are more interested in driving a car with the right badge on the bonnet or one that makes the right statement in the company car park.'

Used car value league
Make/model Value 2004 pos 2003 pos 2002 pos
Porsche Boxster: 60% 1 1 1
BMW Z4: 55% 2 n/a n/a
BMW X3: 53% 3 n/a n/a
Mercedes-Benz CLK: 52% 4 2 4
VW Beetle Cabriolet: 49% 5 6 n/a
Lexus SC430: 49% 6 9 n/a
Honda S2000: 48% 7 n/a 2
Mazda RX-8: 48% 8 n/a n/a
Audi A4 Cabriolet: 48% 9 n/a n/a
Mercedes-Benz SLK: 47% 10 3 3

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