The reality is that for those shopping for a new mainstream car, the same buying power can secure a prestige used vehicle. What’s more, buying used can make a lot of sense: the car has already taken a big hit on depreciation, many are covered by the manufacturer’s approved used schemes and there’s an ever-increasing choice.
Jaguar’s all-aluminium XJ saloon is a great example. The entry-level XJ6 with full service history, average mileage and good spec level (SE version is best to ensure good resale value) is on offer at the £20,000-mark for a 2003 model. That’s the same money as a new Ford Mondeo 2.0 Ghia X.
What’s more, petrol consumption and running costs are not as expensive as many assume.
For the same money, sportscar lovers can aim for a first generation Lotus Elise with service history. These two-seaters have really suffered from falling values, making high-milers affordable.