As prices rise and belts are tightened, our search for the best value used cars intensifies.
Of course, value is largely a subjective thing and we were reminded of that recently when a reader called with news of their new Tesla Model 3.
It cost £39,000, a figure that included 15,000 miles of free charging via the company’s Supercharger network, a benefit worth around £2000. Although the reader understood the market is choked with used Model 3s and, as a result, his new car will depreciate heavily, he loved the prospect of being its first owner.
However, those numbers got us thinking about how you can get a year-old Model 3 with 5000 miles for £29,000 and how the £10,000 the reader would have saved could at, for example, 45p per kWh (about midway between domestic and rapid-charger prices) be sufficient to pay for 122,000 miles of power.
For balance, we accept this calculation ignores the fact that the reader’s Model 3 is the latest, more efficient and better-equipped version.
The two arguments represent different perspectives on value for money but, for this guide, we will go with ours. As we hope to show, used cars represent real value for money when bought well.
It’s our choice but we are willing to accept that the car you own – the one you chose to buy with your own money after long research and weighing up its pros and cons – offers the most value for money or else why buy it? But whoever is right, we hope our guide to the best value used cars will help you get more for your money.
How to spot a good-value cheapie
Check its provenance with HPI or similar. Scrutinise its service history and online MOT record. Inspect the body carefully, using a magnet to locate any filler. Check the tyres and brakes have a long life left. Start it from cold and test drive it thoroughly.
