SUVs are trendy amongst South African families for their versatility, space and off-road ability. By having excellent ground clearance, they can carry people anywhere, as well as avoid damage from potholes. Most of the time, they also have decent cargo space and can be used to transport medium loads should the need arise.
Nearly every manufacturer from Ford to Rolls Royce and Lamborghini have jumped on the lucrative SUV bandwagon in the last few years with varying results. In this extremely competitive segment, there are some clear winners and losers when it comes to retaining their car book value. Those looking to buy used cars might find some SUVs that seem like bargains because of their low car valuation. Buyers should beware because some SUVs can depreciate too much to be a good investment. Cars generally suffer the most depreciation during the first year and at an average rate of around 25%, while it can be higher for some makes and models. Before buying or selling a car, it’s worth using a book value calculator to get the accurate car valuation. Many motorists out there are also unaware that when the car book value goes down, it can also have an impact on their insurance premiums.
· Price: Base price R405 000
· Engines: 2.0L Petrol
· Transmission: CVT
· Fuel Consumption: 7.3L/100km
· Power/Torque: 115kW/ 196 Nm
· 0 – 100kph: 10.6sec
· Top Speed: 192km/h
Subaru has made some highly-sought after cars over the years with the STI achieving cult status and the Forester having a reputation as a reliable family car. Although it has some decent features like Subaru Eyesight, and a comfortable interior, the XV isn't in demand. Its looks aren't bad, but a combination of being a small fish in the competitive SUV class, and the fact that it has poor performance and means that the SV's car book value drops like a stone immediately after purchase.
The Subaru XV currently has a starting price of R405 000 for the 2.0i CVT and going up to R464 000 for the 2.0i-S ES model. It's a decent crossover SUV featuring Subaru's legendary all-wheel-drive system, but it is one of the worst culprits of losing its car book value. Two-year-old XV's have a car valuation of around R274 000, a depreciation of 32%. For sellers, the car valuation may be a bitter pill to swallow, but for a buyer, it could be a bargain depending on the real car book value.
JEEP Grand Cherokee
· Price: Base price: R870 900
· Engines: 3.6L V6 , 3.0 L V6 diesel, 5.7L V8, and 6.4 L V8
· Transmission: 8-speed automatic
· Fuel Consumption: 10L /100km (3.6L), 7.5L /100km (3.0L) 13L/100km (5.7L) 13.5L/100 (6.4L)
· Power/Torque: 213kW/ 347 Nm (3.6L), 179kW/570 Nm (3.0L), 259kW/520 (5.7L) 344kW/624Nm (6.4L)
· 0 – 100kph: 8.3 (3.6L), 8.2 (3.0L), 7.3 (5.7L), 3.5 (6.4L)
· Top Speed: 206km/h (3.6L), 202km/h (3.0L), 225km/h (5.7L) 290km/h (6.4L)
The Grand Cherokee fancies itself as a premium brand SUV but tends to lose its car book value fast compared to some of its competitors. It has blistering performance in some models, as well as many upmarket features. The Jeep name carries weight as an off-road car, but in Africa, it's definitely not one of the more popular bush cars due to the high cost of parts, as well as so-so reliability. A brand new 3.6 litre Overland model starts at R956 000, but it’s possible to get a 2017 model with 31 000 km on the clock for only R570 000 that’s a depreciation of 40 %. The same goes for the 3.0 diesel model. When new it starts at R963 000, but 2017 models with around 50 000km on the clock have a car book value of about R580 000, a depreciation of 39% and 2015 models with approximately 80 000 on the clock is going for R450 000 a depreciation of 53%. Of course, it's always best for both buyers and sellers to get a good deal, and by having an accurate car valuation, everyone wins.
· Price: Base price: R1.8 million
· Engines: 5.6 litre V8
· Transmission: 7-speed automatic
· Fuel Consumption: 14.8L /100km (6.4L)
· Power/Torque: 298kW/ 560 Nm
· 0 – 100kph: 7.5
· Top Speed: 210km/h
Many out there have probably never heard of the QX80, simply because it was never sold in high numbers, and sales have recently discontinued. The QX80 was Nissan’s answer to the Lexus LX. They took their biggest SUV, the Patrol, and gave it a luxury makeover in the hopes of attracting customers looking for a full-size SUV with premium features. Unfortunately, the QX80 had a lot going against it. Most people balked at the price of around 1.8 million for a dressed up Nissan Patrol, and the polarising looks didn’t help much either. As a result, the car book value has dropped drastically, and according to the book value calculator a 2017 model with around 20 000 on the clock is going for about R1.2 million, and 2016 models with approximately 60 000 on the clock going for only R650 000, a depreciation of 45%. While the QX80 might be dead in the Infiniti guise, it lives on as the new Nissan Patrol. Those looking at getting a new Patrol might find the car valuation of a slightly used QX80 more appealing as it’s pretty much the same car, but with more features.
· Price: Base price: R475 000
· Engines: 2.4 L, 2.2L turbo diesel,
· Transmission: 6-speed CVT
· Fuel Consumption: 8.8L /100km (2.4L) and 7.8/100km (2.2L)
· Power/Torque: 123kW/ 230 Nm (2.4L) and 135kW/ 400Nm (2.2L)
· 0 – 100kph:10.5 (2.4) and 9.8 (2.2)
· Top Speed:181 km/hr (2.4) and 192 km/hr (2.2)
General Motors had been operating in South Africa since 1926, but in 2017, due to economic reasons, as well as a shift in corporate strategy, they decided to pull out completely. This didn’t bode well for their brands, and Chevrolet, in particular, took a knock as the brand was killed off and the factory taken over by Isuzu. While they have honoured their service plans and warranties, the car book values of Chevrolet products have taken a knock as buyers know that support may be non-existent in the future. The Captiva was on sale since 2007 and received a facelift in 2016. It was available in either a 2.4 litre petrol engine or a 2.2 litre turbo diesel with either a manual or automatic transmission on the petrol model, or automatic only on the diesel model. Brand new in 2016 the entry-level petrol model had a starting price of R397 000. Their current car book value with around 90 000 km on the clock is R244 000, a depreciation of 38.5%. The turbo diesel model started at R431,300 but now have a car book value of R234 000. A depreciation of 38.5 %.
BMW X5 (F15)
· Price: Base price: R762,000
· Engines: 3.0L petrol , 3.0L diesel, 4.4L petrol
· Transmission: 8-speed automatic
· Fuel Consumption: 6.7L /100km (50d) 6.2L/100km (30d) 10.4L/100 (50i)
· Power/Torque: 280kW/ 750 Nm (50di), 190kW/560Nm (30d), 330kW/650Nm (50i)
· 0 – 100kph: 5.3 (50d), 6.8 (30d), 4.9 (50i)
· Top Speed: 250km/h (50d), 230km/hr (30d), 250km/hr (50i)
It’s hard to believe that the first X5 is already 20 years old. At the time it was BMW’s first SUV and helped launch the craze that was to follow. In the intervening years, the demand for luxury SUVs still hasn’t abated with even more variety than ever.
The third generation F15 X5 launched in South Africa to much fanfare way back in 2014 with three models at first, the xDrive50i, xDrive30d, and the xDrive50i. Although it used the same chassis and wheelbase as the previous model, the X5 was a hit and continued to do good sales until it was replaced this year by the latest generation G05 model.
With the new generation out, the prices of the older models have fallen even further. The xDrive30d, which had a starting price of R777 000 now has a car book value of R458,338 on a model with around 90 000 km on the clock, which is a depreciation of 41%. An M50d, which started at R 1 026 000, now has a car book value of $563,782, which is a depreciation of 45%.
It’s worth remembering that sometimes different models of certain cars hold their car book value more than others. By using a book value calculator buyers and sellers can get an accurate car valuation depending on many variables such as model, year, mileage, warranty etc. With some cars, the models with better performance and features may be more in demand than the standard models. With other cars, the model with the best fuel economy or reliability may be more in demand. There are even some cars that appreciate in value. At the end of the day all cars depreciate and when it’s time to sell it becomes a case of supply and demand. All sellers want to sell their cars fast, and the book value calculator helps them to avoid common mistakes, which can cost a sale. Buyers are also looking for the best deals possible and by using a book value calculator they can have peace of mind that their buy was worth it.
Whether buying or selling a car, Wheel Index can assist by getting an accurate car valuation with the book value calculator, as well as doing a VIN number check to ensure the best deals possible.
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