According to research conducted by HPI, a fifth (21%) of UK motorists have paid more for a vehicle than its true value.
The study found that it was mostly 18-24 year olds that rushed into a purchase when it came to their first car, as they were in a hurry to start driving.
A further three quarters of drivers (74%) also confirmed they don’t know what to look for in a used car, which in turn exposes them to purchasing cars that may have been involved in accidents or had their mileage tampered with.
The same research found that 18% of motorists would look to carry out a valuation when buying from a private seller, but wouldn’t feel the need for one when purchasing from a known dealership.
With all that in mind, automotive expert HPI did their homework and found the top 10 best cars that aren’t just the cheapest to run, but will also hold their value over time, making them ideal for new drivers. The numbers were crunched based on price, insurance, fuel consumption, tax and emissions.
1. Suzuki Celerio
2. Dacia Sandero Diesel
3. Peugeot 108
4. Dacia Logan MCV Diesel
5. Toyota Aygo
6. Citroen C1
7. Nissan Micra Special Edition
8. Suzuki Swift
9. Nissan Note Special Edition
10. Seat Ibiza Sport Coupe
“The Suzuki Celerio came out top in our best buy survey with a total cost of motoring of £7,099.95, ahead of the Dacia Sandero at £7,212 and the Peugeot 108 at £7,646. This includes everything from the cost of the vehicle itself and servicing and road tax to insurance and fuel costs,” said HPI retail specialist, Philip Nothard.
“The key thing to remember when buying or selling a car is to always do your homework – if buying a used car privately, find out what you should be paying and do the necessary checks to find out how many keepers it has had, whether there is a mileage discrepancy, if it’s ever been stolen, involved in an accident or even written off. It really does pay to be thorough.”