Top 10 Cars with the Lowest Depreciation in 2016

As a car buyer, you shouldn't just focus on your car's performance, specs and fuel efficiency. It's also important to consider the price of the car you intend to get. When you purchase a car, there are loads of figures to take note of - prevailing COE prices, taxes, depreciation and more. If you're going to get a brand new car in Singapore, it's important that you've taken into consideration the car's depreciation, both annually and the total amount. Here's a formula to calculate your car's depreciation: [Cost of purchasing your car - (½ ARF)]/10 years Find out which cars have made it into our list with the 'lowest annual cost', assuming that fuel and sundries consumption remain constant across cars. Here we have tracked the top 10 cars of 2016 with the lowest depreciation, based on current car prices available on One Motoring:

1) Mitsubishi Attrage

Type: Sedan Price: $87,999 OMV: $14K-$15K ARF: $14K-15K Road Tax: $202 per annum Depreciation: approx. $7,383 per annum

2) Nissan Note

Type: Hatchback Price: $92,300 OMV: $13K-$14K ARF: $13K-14K Road Tax: $203 per annum Depreciation: approx. $7,925 per annum

3) Mazda 2

Type: Sedan Price: $96,800 OMV: $18K-$19K ARF: $18K-19K Road Tax: $273 per annum Depreciation: approx. $7,879 per annum

4) Mazda 3

Type: Sedan Price: $100,800 OMV: $17K-$18K ARF: $17K-18K Road Tax: $273 per annum Depreciation: approx. $8,291 per annum

5) Hyundai Accent

Type: Hatchback Price: $93,399 OMV: $10K-$11K ARF: $10K-11K Road Tax: $243 per annum Depreciation: approx. $8,299 per annum

6) Honda Jazz 1.5

Type: Hatchback Price: $98,999 OMV: $17K-$18K ARF: $17K-18K Road Tax: $273 per annum Depreciation: approx. $8,304 per annum

7) Suzuki Ciaz

Type: Sedan Price: $101,900 OMV: $18K-$19K ARF: $18K-19K Road Tax: $244 per annum Depreciation: approx. $8,368 per annum

8) Toyota Prius C Hybrid

Type: Hybrid Price: $109,888 OMV: $24K-$25K ARF: $25K-26K Road Tax: $273 per annum Depreciation: approx. $8,404 per annum

9) Kia Forte K3

Type: Sedan Price: $98,999 OMV: $14K-$15K ARF: $14K-15K Road Tax: $295 per annum Depreciation: approx. $8,469 per annum

10) Mitsubishi Lancer EX

Type: Sedan Price: $98,999 OMV: $14K-$15K ARF: $14K-15K Road Tax: $295 per annum Depreciation: approx. $8,469 per annum The guiding principle is that any car with depreciation amounting to less than $10,000 is a very good buy. Looking for your next swanky car, but looking for a better model with less depreciation? Check out Carro for the best deals on branded used cars with the lowest depreciation!  

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