Do Bentleys Hold Their Value
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- 18-11-2021
A common question asked before investing in a Bentley is: do Bentleys hold their value? We look at why Bentleys are popular amongst car collectors and what makes them valuable.
Do Bentley vehicles hold their value?
Suppose there happens to be a Bentley vehicle that you have your eyes on or are thinking about purchasing. In that case, understanding how these vehicles usually depreciate and how much they cost to purchase, to begin with, can help give you a much better idea of which Bentley model may be more suitable for you.
Generally, high-end luxury vehicles tend to depreciate value more rapidly than non-luxury models. This is because luxury car owners will typically wait until their cars have become dated to trade them in. And since there are very few people willing to splash out and spend a large amount of money on an outdated luxury vehicle, it is understandable why Bentleys do not tend to hold their value. If you are in the market for a Bentley vehicle, it would be beneficial to take a look at some of the specific depreciation numbers for a few of Bentley's most popular cars.
Bentley Bentayga
While its depreciation numbers can vary from one model to another, the popular Bentley Bentayga will depreciate about 57% over five years from new. Of course, Bentleys are definitely not cheap, with the 2020 Bentley Bentayga base model starting at around £156,900.
The Bentayga is a plug-in hybrid vehicle that Bentley introduced for the 2020 model year. Suppose the Bentayga is estimated to depreciate around 57% in value over the course of five years. Then this will mean that a model bought brand new for £156,900 would only be worth £67,467 after its first five years.
The 2020 Bentayga has a 4.6/5 star rating on Vehicle History's Owner Reviews page, with a significant percentage of owners loving its comfortable and smooth ride, along with its competitive fuel economy.
Bentley Continental GT
The Bentley Continental GT is expected to depreciate at a little bit of a slower rate, with a depreciation value of around 48% over five years from new. Following this working out, if the Continental GT is purchased brand new for a starting retail price of £202,500, then this will equate to a value of £105,300 over the course of five years.
The new Bentley Continental GT has received a substantial amount of attention from experts. The vehicle even went as far as to earn a 10/10 rating with Car and Driver. Reviews for the Continental GT mostly seem to rave about the vehicle's beautifully appointed interior and unrivalled power.
Bentley Flying Spur
The Bentley Flying Spur is their large sedan model. This car has among the slowest depreciation of any Bentley model at a forecasted 28% value deprecation over five years. This calculation means that if a model is purchased new for £154,900, it would still be worth £111,528 five years later.
While there aren't very many owner reviews available for the 2020 or 2021 Flying Spur model just yet, the 2018 Bentley Flying Spur received 4.75/5-stars on Vehicle History. A few have made comments on the high cost of maintenance for this model, but most owners love its reliability, indulgent interior and smooth, eye-catching design.
Why do Bentleys lose so much value?
Parts for Bentleys are incredibly costly, relatively hard to come by, and the price of labour could be very high. Furthermore, Bentleys will frequently need to be in the shop after running for a few years. They depreciate so significantly because the wealthy people who lease them typically end up wanting to be rid of them so they can lease the next big thing.
The reasons for such a drastic price drop are simple but not due to depreciation alone. While Mercedes and BMWs of the era have plummeted in value, this is due to their production numbers being in the tens of thousands and because their top tier, higher-class cars looked almost identical to their more subordinate offerings. They hand-built everything specific to the model with Bentley, even though they eventually used the running gear in the VW Phaeton with other modifications.
Rolls Royce shares the same kind of custom-built ethos; however, they still command a higher relative price tag with their vehicles, even with a decade on the market for their Phantom platform.
The new Bentley buying public seemed to grow tired of these cars, as more recent, sharper and more agile examples of top-class automotive performance were released by other car brands and Bentley itself when they phased out the first generation in 2011.
As the bodies of older models started to look relatively outdated to the wealthy millionaires that bought them and with several thousands of early run models having been produced, the price for a good condition used vehicle eventually sunk to just slightly below its natural depreciation curve and stayed there. Making it possible to purchase a high-end opulent used Bentley for much lower than they were initially worth, meaning Bentley cars were now available to a much wider audience of less wealthy buyers.
However, the used cars themselves never got worse. You will still be getting the supple, luxurious leather interior that the first owner had, but save a fortune doing so. You'll still have the street presence that comes with a Bentley, and you will still get the stout V12, too, likely with a few more repair costs that you should factor into the purchase.
The Bentley Arnage model was produced by Bentley between the years 1998 and 2007. There were five versions of this vehicle produced in total. It has a sedan body type and petrol-fueled engine with transmission automatic and 450 hp, 405 hp, and 354 hp. It is estimated that Bentley Arnage models, on average, will depreciate 29% in the first three years when bought new.
The Bentley Azure model was produced by Bentley between the years 1997 and 2006. There were two versions of this vehicle produced in total. It has a coupe, convertible body type and petrol-fueled engine with transmission automatic and 457 hp, and 389 hp. It is estimated that Bentley Azure models, on average, will depreciate 13% in the first three years when bought new.
The Bentley Bentayga model was produced by Bentley between the years 2016 and 2018. There were two versions of this vehicle produced in total. It has an SUV body type and petrol, ethanol-fueled engine with transmission automatic and 550 hp, and 608 hp. It is estimated that Bentley Bentayga models, on average, will depreciate 29% in the first three years when bought new.
The Bentley Continental model was produced by Bentley between the years 1994 and 1998. There were three versions of this vehicle produced in total. It has a coupe body type and petrol-fueled engine with transmission automatic and 406 hp, 426 hp, and 389 hp. It is estimated that Bentley Continental models, on average, will depreciate 41% in the first three years when bought new.
The Bentley Flying Spur model was produced by Bentley between the years 2013 and 2020. There were four versions of this vehicle produced in total. It has a sedan body type and petrol-fueled engine with transmission automatic and 635 hp, 528 hp, 507 hp, and 625 hp. It is estimated that Bentley Flying Spur models, on average, will depreciate 38% in the first three years when bought new.
The Bentley Mulsanne model was produced by Bentley between the years 2010 and 2017. There were two versions of this vehicle produced in total. It has a Sedan body type and petrol-fueled engine with transmission automatic and 512 hp. It is estimated that Bentley Mulsanne models, on average, will depreciate 49% in the first three years when bought new.
If you would like to follow up on more information regarding Bentley restoration, repair or servicing, feel free to contact us to discus your requirements. We work with Bentley and Rolls-Royce car owners throughout London and the home counties including; Middlesex, Sussex, Dorset and Kent.