Top 10 Cars with the Highest Trade-In Value

top 10 cars with the highest trade in value - ratewise 2
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by MK Car Finance

According to a survey carried out by SMMT (Society of  Motor Manufacturers and Traders), over two million second-hand cars were sold in the initial months of 2019.

The sales figure relating to second-hand cars underscore the fact that the market for used vehicles is remarkably stable, given the prevailing economic and political instability.

Both the automotive industry and consumers stand to benefit from the stability and health of the second-hand car market. So if you are trading in used cars, displaying cars in your showroom with the highest trade-in value will boost your business.

On the other hand, vehicle owners looking to buy a brand new car can expect to receive the right amount by selling off their old vehicles.

However, the exact differential that you can deduct from the price of a new vehicle will depend upon the current trade-in value of your old car. So which are the top ten cars with the highest trade-in value?

Going by SMMT’s list, it seems that the Ford Fiesta holds the top spot for the vehicle with the highest trade-in value.

As per the report published by SMMT listing the top ten bestselling used car models in Q1 of 2019, the Ford Fiesta occupied the top spot, selling 92,798 units. 

Factors influencing the trade-in-value of your vehicle

When you decide to buy a new car or vehicle, make sure you select an incredibly durable model. The more exceptional the durability of your vehicle, the higher its trade-in-value will be in the long run.

Therefore car brands and models that enjoy a solid reputation for offering good mileage and for being extremely durable and roadworthy tend to be the ones with thehighest trade-in value.

The durability of a vehicle also has a direct correlation with its depreciation value. In other words, cars that depreciate the least tend to fetch the best transaction price during trade-in.

Another crucial factor that heavily affects your existing vehicle’s exchange value is motor vehicle insurance.

The likelihood of driving a good bargain when you want to trade in your old car with a new one is better if the former is insured. Other essential factors that can affect your car’s trade-in value include maintenance costs, fuel expenses, and mileage it has logged.

By rule of thumb, you can expect your new vehicle to hold on to 35.1% of its original transactional value, five years after your purchase.

So if you buy a car today by paying £30,000, the vehicle will fetch you about £10,500 in 2024.

Top 10 cars with the highest trade-in-value according to SMMT

The following car models proved to be the bestselling vehicles during the first quarter of 2019, as per SMMT’s report.

   Car ModelTotal number of units sold during the first quarter of 2019
Ford Fiesta                             92,798
Vauxhall Corsa                             79,424
Ford Focus                             77,082
Volkswagon Golf                             66,644
Vauxhall Astra                             63,396
BMW 3 Series                             47,572
Mini                              42,175
Volkswagon Polo                              39,894
Renault Clio                              33,471
Audi A3                              31,604

So you can conclude that the above brands of passenger cars were the most popular used-car models with the highest trade-in value.

SMMT Top 10 vehicle models with the highest trade-in-value

10. Audi A3

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Audi A3

The Audi A3 gracefully combines an angular and modern new style with a chic cabin teeming with the newest technology.

The mechanics inside make it a little safer but Audi knows their buyers and the style and makeup are enough to make the car a desirable alternative to its respective BMW and Mercedes equivalents.

9. Renault Clio

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Renault Clio

The new Clio has three possible petrol engines to choose from and one diesel engine possibility. The car has an engaging, upscale interior with additional gadgets as add-ons.

Possible trims buyers may choose from are Play, Iconic, and R.S.Line. R.S.Line is a bit similar to the more sporty Renault cars. The Clio is a classic, nicely sized supermini, that’s had significant increases in efficiency in recent years.

8. Volkswagen Polo

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Volkswagen Polo

The Volkswagen Polo is a really popular automatic car. Its new model has been refined technologically in comparison with other old models. It’s one of the first supermini cars of its kind to have a wide boot, 25% larger than its old model.

Volkswagen Polo automatic is rated as one of the cars with the highest trade-in value that has left its buyers satisfied. It is known for features such as a self-parking system, a great adaptive cruise control, and a panoramic sunroof.

7. Mini

Mini - ratewise

The Mini provides a nostalgic style car and great handling. Minis come in a range including hatchbacks, coupes, convertibles, and SUVs. The whole line of Minis offers nimble handling for city or country driving.

Their energetic engines are sure to get you where you need to go with no hassle. You’ll also feel comfortable in the stylish cabin and the tech features are easy to use. The Mini also earns a high predicted reliability rating.

The Mini line includes the larger Mini Countryman, five-door and three-door versions of the Mini Hatch, the Mini Clubman with its immediately recognizable rear split doors, and the Mini Convertible.

6. BMW 3 Series

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BMW 3 Series

The BMW 3 Series is a practical estate car with a twist, delivering the space, adaptability and user-friendliness you’d expect of a car of this type but with an underlying focus on delivering a sporty driving experience. I

t’s also packed with technology, even if some of the best stuff is reserved for more expensive models or on the options list. With engines to suit all requirements, a desirable badge and sleek looks it’s a worthy alternative to the default SUV or crossover.

5. Vauxhall Astra

Vauxhall Astra - RateWise
Vauxhall Astra

The Vauxhall Astra hatchback is an automatic car with a unique appearance. The newest model it’s very spacious and it looks like a lighter car compared to the older models.

The new Astra model is 200 kg lighter thanks to the drastic improvements regarding the fuel economy. The most popular model is the elite NAV trim.

This model is designed with leather upholstery, a heated steering wheel, and heated seats. Added up, these improvements provide an overall luxury experience.

The elite NAV and ultimate NAV models have an 8-inch digital instrument cluster and an 8-inch infotainment system.

4. Volkswagen Golf

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Volkswagen Golf

Following the Vauxhall Astra in the cars with the highest trade-in value, the classical interior and excellent ride experience have consistently given the VW Golf a top spot.

Polished and peppy, the Volkswagen Golf comes with a turbocharged 147-horsepower 1.4-liter four-cylinder engine that’s reasonably lively on the road. Also, the regular Golf is several hundred dollars cheaper than many similar vehicles on the market.

Volkswagen has essentially turned the regular Golf into a one-size-fits-all shopping experience. The only tough decision buyers face is whether to stick with the standard manual transmission or spend an extra £800 on the optional eight-speed automatic, either way, the experience remains cool.

3. Ford Focus

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Ford Focus

The fact that over 16 million individuals take pride in owning a Ford Focus accounts for the global popularity of this hatchback.

This is the latest (the fourth generation) Ford Focus model that scores highly both on the performance and aesthetics fronts. Though Ford has yet to offer an electric or hybrid variant, you have the leeway of choosing from eight types of engines.

You can take it for granted that the Focus, with its plush cabin and powerful engine, will consistently ensure a relaxed and safe drive.

2. Vauxhall Corsa

Vauxhall Corsa - ratewise
Vauxhall Corsa

Though Vauxhall has done a good job of drawing a car that doesn’t look obviously Peugeot-related, the shape has been refined to fit the style of the new wave of cars.

The new Corsa is a smidge longer, and fractionally narrower. It looks more planted and purposeful, probably more handsome than a Fiesta or Polo.

It is increasingly earning points on the chart of the best-selling cars in the UK. Many drivers now opt for the Corsa, especially if you are constantly doing long journeys on the motorway. It’s a good choice for good riding experience.

1. Ford Fiesta

Ford Fiesta - ratewise
Ford Fiesta

The last car in our review of the top 10 cars with the highest trade-in value is the Ford Fiesta, which features a laidback yet stylish design.

Apart from the supermini Fiesta model, you can also choose the sleek Vignale luxury variant. Like almost all other models of Ford, the Fiesta comes with a range of engine options and trim to match your budget.

If relaxed city driving and comfortable cruising are what you prefer, then go for the 125hp 1.0 liter turbocharged Ecoboost engine with automatic transmission.

Wrapping it up

So you can conclude that the above brands of passenger cars were the most popular used-car models with the highest trade-in value.

MK Car Finance is a specialist broker and we work with a number of carefully selected finance providers. Last year we arranged finance on 1760 cars for a total of £15,212,696 and 98 pence! Could you be next?

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Categories: Cars For Sale
Tags: Top 10