Range Rovers, Jaguars Are Dirt Cheap Once Used

Was browsing through a catalog of salvage cars and Range Rovers, Jags, BMW X series win the contest by depreciating as much as 40%
Toyotas, Mazdas, and Honda have best resale value. These brands only lose about 20% after 2 years

Subaru is the king of resale value. Mazda utalia. Ask anyone who has a mazda and they will give you their sob story.

No used car retains value. The value is what you get when using it.

but toyota seems to depreciate very slowly and sometimes appreciate. eg
Toyota corolla DX wagon that preceded probox has appreciated. A locally used one is going is retailing at 300-450k, a price that a 2010 nissan Advan can hardly get. kenyans will buy all sorts of junk if you put the toyota logo on it. There are many other toyota cars that after four years since importation have their prices stagnate high.

For a used car dealer that’s appreciation due to marketing gimmicks and ignorance of buyers.

Never understood resale value vizuri… you buy a premio, civic, demio at 1.6, 950k and 650k alafu after 3yrs unaziuza at 990k, 700k na 400k respectively alafu bado munasema resale? Maajabu

Hehe, mkubwa toa premio kwa hio list…weka Axio. Premio iko league ingine

I self imported Toyota Auris for 900k. Used it for 2 years and managed to sell at 700k cash. Where is the resale value? My value is that I only changed oil regularly, nothing else.

What is unique about Premio? Kenya hype only. 1.6M can buy Mazda Cx5.

The first buyer always takes a hit. that second buyer will sell it at 700k or 650k. That said, other brands would have set you back 300 or 400k but with superior user experience. Even so, the business of selling a car you have used means taking a hit all the time.

Really??? A premio costs 1.65M when imported from Japan. You can buy it for 800-850k after 3 years of local use. That is 48% depreciation. Hii mambo ya resale value of Toyotas is meffi that brokers use to market to dumb buyers. Another example. A Mark X newly imported 2013 will cost 1.5M. By 2022, you will buy that car for 650k. That is 57% depreciation. Toyotas depreciate just as much as BMW’s and other luxury brands. The only difference is that luxury brands are expensive and so people calculate the depreciation in absolute terms i.e you lose hundreds of thousands in the Premio and millions in the Range. The rate of depreciation is almost the same in percentage terms. Toyotas aren’t unicorns.

True if no major car component fails. Replacing all the shock absorbers alone can hit 40k.

Talk about ease of use and pocket lean. As I mentioned, comparison was on the three cars indicated. I can even get a German machine at that price.
Anyway, it’s a world of choice. I will select Premio over the SUV Mazda

Mark x ni gari gushi jamaa. sema ingine. premio bei yake ni 1.4 million if you import it yourself.
A good three year old premio 2010 is one big million. buyer ignorance fuels the toyota craze. That premio will stagnate at the 600-700k price range for years because this is the price real peasants can afford and thats their market. A mazda atenza is a much better quality car and actually more expensive when brand new from manufacturer, but it is overtaken in the used car market by toyota zombies.

CX5 is cheaper, easier and more fun to operate. ie fuel. It is also same price to buy. first hand info.

I agree. I have been running Cx5 Diesel for half a year, 15 to 18km/litre. My mechanic told me I had sacked him.

Good insight

:D:D

Not true. Some used cars appreciate in value, especially limited editions, last in series cars and collector cars. There’s always an idiot with more money than sense. If you can find them then the value is whateer they are willing to pay for it.

I concur, the second buyer is the one who gets the best value for money