People looking for new car leasing deals that are not going to break the bank may want to consider opting for either the Kia Picanto or Rio.
This is because both models have low depreciation in their first year of ownership, according to Parker’s 2010 Cost of Motoring survey.
It found that the Kia Picanto dropped £1,247 in value over the first 12 months, while the Rio fell by £1,642 during the same period.
Kieren Puffet, editor of Parker’s, commented: “A car with low depreciation is great news for its owners especially in these tough economic times.”
It could also be important for those looking for car leasing deals as the cost of an arrangement is usually calculated based on a vehicle’s expected value at the end of a lease.
Meanwhile, the SEAT Alhambra also fared well when it comes to retaining value, with the experts at CAP revealing that the multi person vehicle retains 33 per cent of its value over a three-year period when mileage is 60,000 or less.
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