Automotive market: high-end used cars or a mid-range 0km?

Automotive market: high-end used cars or a mid-range 0km?

In terms of performance, there is no point of comparison between what a used high-end car offers than a new range car. High-end cars stand out for their engine performance, with unique power. They also have a quiet and comfortable ride.

In addition, the interior finishes of the luxury car are of a higher quality and in some cases offer more assistance. The value of a new high-end car depreciates much more than a high-end used one, since the latter has already gone through the hardest hit of depreciation. It is estimated that when a car leaves the dealership it already loses approximately 30% of its value and an additional 10% each year.

For example, today in the market you can find three options for used luxury cars for less than $30,000:

Audi A1 – Year 2018 – USD 25,000

Characteristic: 5 doors, 999 cc gasoline engine, 3 cylinders that reach a maximum power of 116 CV and with automatic gearbox. Multimedia screen, Audi Connect online services, voice control, inductive charging for smartphones and heated seats.

Audi A1 used.jpg

BMW 120 I – Year 2016 – USD 26,000

Characteristic: 1998 cc., 4-cylinder engine that reaches a maximum power of 184 CV, for which it achieves a consumption of 7 liters in urban traffic, 4.7 on the road and a consumption of 5.5 liters at 100 km/h. 6 airbags, ABS brakes with EBD, stability control, traction control, automatic climate control and Start&Stop system.

Blue BMW.jpg

Mercedes Benz GLA 200 – Year 2017 – USD 29,000

Characteristic: 5-door, 1595 cc 4-cylinder gasoline engine that reaches a maximum power of 156 hp, consumption of 7.7 liters per 100 km in urban traffic, 4.7 on the road and a consumption of 5.8 l/100 km/h. LED headlights, alloy wheels, 360° camera including bird’s-eye view representation. Automatic emergency braking and fatigue warning.

Mercedes Benz Car.jpg

Another reason to consider a high-end used car is that, although used cars require more mechanical maintenance than new ones, the latter often must be taken to official services during the first year, which implies excessive costs. . Many people are unaware that the warranty provided by car companies is not exclusive to new cars, but that used cars can also be guaranteed.

What are the “cheapest” 0 km cars on the market

The price of 0 km cars has been increasing at a rate of more than 70% per year, since 2021, and due to the lack of units, surcharges proliferate. Added to this is an additional element: Internal Taxes.

It is that tax surcharge that is applied to higher value models, which is why it is known as a tribute to “luxury”. However, due to this “automotive inflation”, it increasingly reaches lower value vehicles, which means that today most models have to pay this tax.

The tax base is set today at a level that makes cars over $3,770,000 retail price, approximately, are reached (pickups are exempt). Due to the way in which the tax is attributed and profitability resigned, this value is different for each brand. When you pass that limit, you start paying an aliquot of 20%, which represents a price increase of 25%. This causes them to be dislocated from the market.

volkswagen, for example, is one of the brands with a broader product portfolio. For the purpose of marketing the Gol, of the seven models it sells, all are covered by the “luxury” tax on some or all versions. Polo, Virtus, Nivus, this is how they show it.

Nivus_03.jpeg

In Ford, the EcoSport is priced “capped” at $3,715,000 and is excluded. However, the rest of the range (Teritory, Bronco, Kiga Hybrid and Mustang) pays for it. The oval brand no longer sells hatchbacks or sedans.

nissan It has “capped” at its entry in the range, the Versa, at $3,641,000, but from there, they are reached. Sentra, X-Trail, Leaf and some versions of the Kicks.

nissan versa

General Motors has the Cruze just under tax at $3,726,900. It does not reach the small models like the onyx and the Joy. In the case of the Tracker, the Premier version does pay the fee. Also the Equinox and the Trailblazer.

Chevrolet Cruze Midnight 2022 – Photo 3.JPG

Renault It is one of the models that suffer the least tax surcharge. It sells six models and only pays for the Koleos, although the four Duster versions and the four Captur versions are worth the same: $3,726,100.

Renault Koleos

In Toyota, with seven models, the Etios and the Yaris are exempt from the tax, but the latter has two “capped” versions. The Corolla pays in six of its eight versions and the rest (Corolla Cross, Land Cruiser, Padro and SW4) in full.

Toyota-Yaris-2021-2.jpg

Stellantis It has several brands. For JeepExcept for two versions of the Renegade, the rest pay: Compass, Commander, Wrangler and Grand Cherokee.

Renegade, the smallest Jeep

peugeot It has the boy 208 with 5 versions outside the tax, but the top of the range, the GT, could not escape. The 2008 has three versions: one that pays and two “caps” at $3,641,200. The 3008 and 5008 suffer the tax surcharge.

peugeot 208

peugeot

The most accessible model citroen is the cacti. It has six versions “capped” at $3,641,200 and two that pay for it. Obviously the C5 Aircross is also reached.

Citroën C4 Cactus

Citroën C4 Cactus

Citroën C4 Cactus

The other general brand of Stellantis is Fiat. The Mobi model is out of reach as it is one of the cheapest on the market. The Cronos too, and the Argo is right on the edge, as is the new Pulse. The only one reached is 500.

EXP_FIAT CRONOS-36.jpg

Although it no longer produces cars in the country. Sling still inside ADEFA. It sells seven models. Two (Fit and WR-V) manage to escape the tribute, the HR-V has two versions reached and there are four models that pay: Civic, CR-V, Accord and Pilot, according to the May list.

The new Honda Fit is larger than its predecessor, with greater roominess.

The new Honda Fit is larger than its predecessor, with greater roominess.

The new Honda Fit is larger than its predecessor, with greater roominess.

Source: Ambito

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