Not at the same rate , they don't.

An 45,000 yaris rallye might be worth $15,000 at 100,000 k

A 25,000 corolla might be worth 15,000 at 100,000 k.

You just burnt 20,000.

And the figures are atrocious for 5 yo  BMW , porche, audis .
You are burning 10 to 15 a year.

Much less depreciation if you buy a Honda accord or a Lexus

I'm approaching it from a point of view of trying to put my kids and their friends into good cars for about , say , 10 to 20.

They see second hand bmws or vw golfs with 100,000 k for very low prices.

But it's a trap.

The first thing that breaks and your toast.

A catalytic converter for an Audi Quattro is 4,500 with labor.

So I really try to steer the young kids into civics, corollas, Mazda 3's, or maybe even hyundai s ( the base models).

They don't cost a fortune to maintain and parts are cheap and you don't need special tools to work on them.

My son has 2 cars

A Toyota Cressida which he got for $800 and a petrol hilux with 300,000 that is a bit of a mess but he got it for 900.  Both are still running 3 yrs later and all he has spent is money replacing fluids .

My daughters boyfriend came with a 7 yo BMW.
He has spent the equivalent of a house deposit, keeping it running.

If you want a European car, then become a small businessman and lease it.
Then you can hand it back.
And you can write off all the costs

If  you want to go to the marketplace.

Go check what a 5 yo Audi, jaguar, BMW, Mini Cooper or VW sells for at cars ales.com.au


Probably about 1/4 of its original sale price ( if that)

Then go check what a 5 yo Lexus, Honda accord ,  Mazda 6 or Camry sells for.

Probably about 1/2 it's original price.

But even then you are better off avoiding the older European car, because it will be an ENDLESS MONEY PIT.

The paradoxical thing is that because toyotas hold their value so well ( though I think Mazda and Honda are just as good), you are ok to buy a new one because you don't take such a hit if you have to sell it in 5 years.

That is MORE true for corollas which are cheaper then camrys new, but are more expensive then camrys as time goes on.

That may not be true of a yaris rallye because that's not a boring car and the perception is that the owner may have flogged it.

I would keep meticulous service records and probably get a good scan tool for that car and record some driving data to show you weren't being abusive to it .

i always buy utes because there is no FBT to pay for the business

The biggest problem is the way car manufacturers think only tradies and workers want utes that they can fit caravans in.

Prime Minister for Canyons wrote on Dec 3^rd, 2020 at 2:38pm:


Some cars depreciate at a much faster rate. Check out the price of 4 year old volvos

Bojak will buy an amarok