The most desirable second-hand cars in terms of affordability

• March 19, 2024
• 6:00 am
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When considering buying a second-hand car, several factors come into play, such as price (of the vehicle itself and car insurance), depreciation, and performance.

The second-hand market offers various options that cater to different needs, from city cars and family hatchbacks to SUVs and high-performance options.

Here’s a look at some of the most desirable second-hand vehicles, considering their popularity, average used price, and how well they hold their value.

The UK’s most desirable second-hand cars

1. Ford Fiesta – 8.71 out of 10

Listings: 11,129
Median used price: £12,997
Depreciation rate (3 years): 31%

The Ford Fiesta is the most desirable second-hand car, with the highest overall score of 8.71. Its popularity is evident from the highest number of listings (11,129) and a moderate average used price (£12,997), making it an attractive option for many buyers.

2. Fiat 500 & Volkswagen Polo – 8.44 out of 10

Listings: 4,281/6,626
Median used price: £7,809/£14,243
Depreciation rate (3 years): 27%/11%

The Fiat 500 and Volkswagen Polo share the second spot with an overall score of 8.44. The Fiat 500 is notably the most affordable on the list, with an average used price of £7,809 that appeals to those looking for a stylish, compact city car. With its slightly higher price (£14,243) and low depreciation rate (11%), the Polo offers excellent value for those prioritising longevity and value.

4. Mini Hatch & Volkswagen Golf – 8.23 out of 10

Listings: 8,529/11,916
Median used price: £18,660/£19,495
Depreciation rate (3 years): 12%/37%

The Mini Hatch and Volkswagen Golf are tied in fourth place with an overall score of 8.23. The Golf has a higher average used price (£19,495) but offers a blend of performance and practicality. The Mini Hatch, with a lower depreciation rate (10%), appeals to those seeking a car with character and a good resale value.

Which second-hand cars are most in demand?

1. Volkswagen Golf – 11,916 listings

With 11,916 listings, the Volkswagen Golf is the most listed second-hand car. Known for its quality build, comfortable interior, and efficient performance, the Golf caters to a broad audience, from young professionals to small families. It’s seen as a benchmark in the hatchback segment, offering a blend of performance, practicality, and prestige.

2. Ford Fiesta – 11,129 listings

With 11,129 listings, the Ford Fiesta is another highly sought-after model in the second-hand market. This popularity isn’t surprising, given the Fiesta’s reputation for reliability, affordability, and fun driving dynamics. It’s a versatile vehicle that appeals to new drivers, small families, and anyone looking for an economical yet enjoyable ride.

3. Ford Focus – 10,137 listings

With 10,137 listings, the Ford Focus is renowned for its dynamic driving experience, spacious cabin, and advanced technology features. It’s one of the leading players in the compact family car segment, offering various engines and trim levels to suit different tastes and budgets.

What are the most affordable second-hand cars?

1. Fiat 500 – £7,809 median used price

The Fiat 500 is an exceptionally affordable option with an average used price of just £7,809. This stylish, compact car is perfect for city driving, offering easy parking, manoeuvrability, and efficient fuel consumption. Its charming design and customisation options have made it popular, especially among younger drivers or those looking for a distinctive, fun vehicle.

2. Toyota Aygo – £8,394 median used price

The Toyota Aygo is another highly affordable car with an average used price of £8,394. Known for its reliability and low running costs, the Aygo is a practical choice for first-time buyers or as a second family car. Its compact size does not compromise its bold style and character, offering a fun driving experience.

3. Kia Picanto – £9,944 median used price

The Kia Picanto, with an average used price of £9,944, ranks as the third most affordable car. It’s valued for its compact dimensions, reliability, and efficient use of interior space.

Which second-hand cars hold their value the best?

1. Mercedes-Benz A-Class – 6% depreciation rate (after 3 years)

With the lowest depreciation rate of just 6%, the Mercedes-Benz A-Class stands out as the best for holding value. This premium compact car is renowned for its luxury appeal, advanced technology, and high-quality interior, contributing significantly to its minimal depreciation. The A-Class’s strong reputation and appeal in the second-hand market make it a wise investment for buyers seeking a luxury vehicle with lasting value.

2. Mini Hatch – 10% depreciation rate (after 3 years)

The Mini Hatch comes next with a depreciation rate of 10%. It is celebrated for its distinctive design, premium feel, and engaging driving dynamics. The Mini’s iconic status and appeal to enthusiasts and those seeking a stylish, compact car helps it maintain a high resale value. This low depreciation rate shows the enduring demand for Mini’s blend of fun and functionality.

3. Volkswagen Polo – 11% depreciation rate (after 3 years)

The Volkswagen Polo, with a depreciation rate of 11%, also ranks highly for its ability to hold value over time. This shows the Polo’s quality, reliability, and the strong reputation of the Volkswagen brand. As a versatile and efficient hatchback, it appeals to a broad audience, from young drivers to small families, with steady demand in the second-hand market.

Leoni Moninska, car insurance expert at Uswitch shares her advice on navigating the second-hand car market:

“Buying a second-hand car can be a smart financial decision, but it’s important to do your due diligence to get a good deal and a reliable vehicle

“Here are some comprehensive tips and insights to guide you through the process, including for the online second-hand car market.”

What to look out for in a second-hand car

• Service history: Check the car’s service history to ensure it has been regularly maintained. A full service history suggests a well-cared-for vehicle.
• Mileage: While lower mileage might seem preferable, condition and maintenance history are equally important. An average annual mileage is around 10,000-15,000 miles. However, a well-maintained high-mileage car can still be a good buy.
• Physical condition: Inspect the car for any signs of damage or repairs. Look for rust and paint mismatches, and check the condition of the tyres. Interior wear should match the car’s age and mileage.
• Test drive: A test drive can reveal much about a car’s condition. Listen for unusual noises and check how the car handles, brakes, and shifts.
• Documentation: Verify the V5C registration document to ensure the seller is the rightful owner, and the car’s details match up. Also, check for any outstanding finance on the vehicle.
• MOT and roadworthiness: Check the car’s MOT history online to see if it has passed its tests and note any recurring issues.

Pros and cons of buying used cars online

Pros:

• Convenience: You can browse a wide selection of vehicles from the comfort of your home.
• Comparison: Easy to compare prices and specs to find the best deals.
• Transparency: Many online platforms provide detailed vehicle histories, reducing the risk of buying a car with hidden issues.

Cons:

• Lack of physical inspection: You might not be able to see or test drive the car before buying, relying on pictures and descriptions instead.
• Delivery times: It may take a while for the car to be delivered, and you won’t be able to drive it home immediately after purchase.
• Less personal: The buying process is less personal, which might not suit everyone, especially if you value building a rapport with the seller or dealer.

Tips for buying online

• Use reputable platforms: Choose well-known and reliable online car marketplaces with positive reviews.
• Research: Use the available vehicle history reports and valuation tools.
• Contact the seller: Don’t hesitate to ask the seller for more information, additional photos, or even a video tour of the vehicle.
• Check for guarantees: Some online platforms offer money-back guarantees or warranty periods for added peace of mind.
• Secure payment: Ensure the platform offers secure payment options and avoid transferring money to individuals without guarantees.

Leoni Moninska continues: “Purchasing a second-hand car, whether online or in person, involves careful consideration and research. By following these tips and staying informed, you can make a confident decision.”