A popular used car expert has explained which vehicles they should steer clear of buying brand new if they want to avoid them deprecating. Johnny Brighton, who is behind the popular channel CarsWithJB, is always dishing the dirt on what wheels to buy and which to avoid based on a load of factors.
In one of his well-watched vids, Johnny gets into cars infamous for shedding pounds faster than your summer diet, with the Tesla Model Y getting spotlight as a smart second-hand by. He said: “I’ll be honest with you, I’ve never been a fan of the way this car looks on the outside or in, but the fact that it is so quick means I’m sure it will bring its own beauty to whoever is driving it.”
He adds more juicy details: “In 2022 it would have cost around £60,000, but today we are looking at spending around the £32,000 mark at the bottom end, with plenty sitting at £36,000. That means in just two years they have dropped by about £28,000, working out at 46.67 percent [of its overall value].”
Launched in 2020, the Tesla Model Y has been one of the American brand’s most successful models, with more than 1.2 million sold in 2023 alone, reports the Express.
While the motorheads reckon a facelift is on the cards – probably nicking the new fancy front off the latest Model 3 – buyers scouting for deals will find gold in the used market.
Used car prices are starting to look more appealing, with some models like the dual-motor setup vehicles that can zip from 0-60mph in a mere 3.5 seconds beginning at £32,500.
Yet, Johnny pointed out that those hunting for a bargain on a swanky ride could snag a 24-month old Mercedes Benz EQS for nearly half what you’d pay for a fresh one off the lot.
He elaborated: “Luxury does come at a cost and, brand new, these would have cost around £105,500 in 2022, whereas today they start at the £52,000 mark, with many available for under £63,000.
“That’s [a decrease of] £25,200 per year, which is just ridiculous. It’s like a London graduate starting salary lost every single year of this car existing.”
He also noted the design of the car was all about slicing through the air with ease, hence its sleek lines and somewhat understated appearance.
Johnny hinted that petrolheads pining for a genuine sports car should take a look at a pre-loved Porsche Taycan, with certain models of the electric coupe now dipping below the £50,000 threshold.
Adding to his advice, he said: “Whether it’s in Sport Turismo, Cross Turismo or standard saloon spec, it’s a lovely looking car whichever you go for.
“However, more importantly, it’s gone from being £95,000 for a base model new in 2022, give or take, to around £63,000 at the bottom end for a 2022 example today.
“You can get down to below £50,000 if you buy yourself a model from 2020, but typically 2022 models sit at below the £67,000 mark, meaning an annual depreciation of £16,000.”
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