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  • Level: GCSE
  • Subject: Maths
  • Word count: 3999

What factors effect the Price depreciation of a car and how?

Extracts from this document...

Introduction

What factors effect the Price depreciation of a car and how?

        As a common teenager I am reaching the legal driving age and will soon require a car. As for most teenagers my age a new car is expensive so a second hand car would by more appropriate. For this project I will be looking at cars from two data sources:

  • The Primary Source. I will be doing my own research by using an “Auto Freeway“ magazine for second hand cars and a “What Car?” magazine to find the prices of the cars when they are new. (Information Provided: Car Make, Car Model, Price When New. Price Second Hand, Age, Colour, Engine Size, Mileage)
  • The Secondary Source. I will be provided with this data. (Information Provided: Car Make, Car Model, Price When New. Price Second Hand, Age, Colour, Engine Size, Mileage, MPG, Fuel Type, Service History, MOT, Tax, Owners, Insurance Group, Doors, Seats, Style, Gearbox, Central Locking, Air Conditioning, Airbags)

Since the magazine is not a totally reliable source I could not research as much information for the primary source as the secondary source. After I have 100 results of each source I will use systematic sampling by selecting every second car to cut my results into half from both sources. I will compare both sources. With my results I will calculate the Price Depreciation (%) showing by how much percent the car has decreased from the (Price When New).

I suspect that there will be several trends and patterns in the results.

...read more.

Middle

7

BMW

525i SE

28210

5995

78.75%

8

white

2.5

21-38

55000

3

15

4

saloon

yes

5

auto

no

yes

8

Vauxhall

Corsa

8900

4995

43.88%

2

silver

1.6

26-46

24000

1

3

3

hatch

yes

3

5

no

yes

9

Fiat

Punto

8601

3995

53.55%

4

gold

1.2

38-51

31000

1

4

5

hatch

no

4

5

no

no

10

Rover

820 SLi

21586

3795

82.42%

6

red

2

22-38

51000

3

11

5

hatch

yes

5

5

no

yes

11

Mitsubishi

Carisma

15800

5999

62.03%

2

blue

1.8

34-56

33000

1

10

4

saloon

yes

4

auto

no

yes

12

Fiat

Cinquecento

6009

1995

66.80%

6

white

0.9

43-60

20000

2

2

3

hatch

no

4

5

no

no

13

Rover

416i

13586

3795

72.07%

6

silver

1.6

30-55

49000

1

10

5

hatch

yes

4

5

no

yes

14

Nissan

Micra

6295

1795

71.49%

8

white

1.2

40-58

47000

2

4

3

hatch

no

4

5

no

no

15

Daewoo

Lanos

11225

5999

46.56%

3

silver

1.6

24-46

42000

1

6

5

hatch

no

4

auto

no

yes

16

Rover

114 Sli

8595

2495

70.97%

6

red

1.4

35-56

33000

2

5

5

hatch

yes

4

5

no

no

17

Ford

Escort

8785

1595

81.84%

7

blue

1.3

39-54

68000

3

5

5

hatch

no

4

5

no

no

18

Seat

Ibiza

5995

795

86.74%

7

silver

0.9

32-53

45000

4

5

hatch

no

4

5

no

no

19

Rover

214i

9565

1700

82.23%

8

blue

1.4

32-50

55000

3

7

3

hatch

no

4

5

no

no

20

Ford

Fiesta

7310

1050

85.64%

8

blue

1.1

45-62

90000

2

5

5

Azura

no

4

4

no

no

21

Fiat

Tempra

10423

1295

87.58%

6

silver

1.6

31-50

81000

2

9

4

saloon

yes

5

5

no

no

22

Ford

Fiesta

7875

1495

81.02%

11

red

1.8

32-50

74000

3

15

3

no

4

5

no

no

23

Hyundai

Sonnata

11598

1195

89.70%

9

silver

2

28-41

65000

3

12

4

saloon

no

5

5

no

no

24

Renault

Clio

6795

1995

70.64%

8

black

1.2

41-61

47000

1

3

3

hatch

no

4

4

no

no

25

Citroen

Debut

5715

1495

73.84%

7

black

0.95

50-62

50000

2

3

3

hatch

no

4

4

no

no

26

Renault

Clio

7403

1495

79.81%

9

red

1.2

41-61

98000

3

3

5

hatch

no

4

4

no

no

27

Fiat

Tipo

8272

1500

81.87%

7

green

1.4

32-52

32000

3

8

3

hatch

yes

4

5

no

no

28

Daewoo

Lanos

9525

4395

53.86%

3

blue

1.4

25-48

32400

1

4

3

hatch

yes

4

5

no

yes

29

Volkswagen

Golf

12999

3595

72.34%

6

red

1.8

30-50

58000

2

7

5

estate

yes

5

auto

no

no

30

Ford

Escort

12125

4295

64.58%

3

white

1.4

28-47

29000

1

5

5

hatch

no

5

5

no

no

31

Ford

Escort

11800

4700

60.17%

5

red

1.8

29-46

34000

1

9

3

hatch

no

5

5

yes

no

32

Bentley

TurboR

170841

37995

77.76%

8

red

2

8-18

55000

1

20

2

sports

no

4

auto

33

Rover

623GSi

24086

2975

87.65%

5

blue

2.3

25-41

96000

1

14

4

saloon

yes

5

5

yes

yes

34

Rover

620Si

17795

3400

80.89%

5

blue

2

25-41

66000

2

11

4

saloon

yes

5

5

no

yes

35

Fiat

Bravo

10954

6795

37.97%

1

red

1.2

...read more.

Conclusion

/p>

53.79%

2

green

1.4

31-53

18500

1

5

3

hatch

yes

5

5

no

yes

44

Mercedes

Elegance

26425

17500

33.77%

2

silver

2

25-44

22000

1

12

4

saloon

yes

5

5

yes

yes

45

Porche

Sport

32995

19495

40.92%

6

silver

3

19-38

46000

1

20

2

coupe

yes

4

6

no

no

46

Volkswagen

Beetle

14950

13500

9.70%

1

silver

2

24-41

6500

1

11

3

hatch

no

4

5

no

yes

47

Rover

623 GSi

24086

2975

87.65%

6

blue

2.3

25-41

96000

2

14

4

saloon

yes

4

5

yes

yes

48

Suzuki

Vitara

10800

2995

72.27%

8

red

1.6

26-35

50000

2

9

2

utility

yes

2

5

no

no

49

Rover

416i

14486

3685

74.56%

6

blue

1.6

30-55

64000

1

10

5

hatch

yes

4

5

no

yes

50

Vauxhall

Corsa

7840

4976

36.53%

4

red

1.4

31-52

21000

2

3

5

hatch

no

4

5

no

no

Primary

Car Number

Make

Model

Price When New

Price Second Hand

Price Depreciation

Age

Colour

Engine Size

Mileage

1

Ford

Fiesta

£7,595.00

£5,995.00

21.07%

3

blue

1.3

35000

2

Fiat

Punto

£8,006.00

£4,600.00

42.54%

2

Met Green

1.2

18000

3

Ford

Ka

£8,850.00

£4,995.00

43.56%

3

Blue

1.3

21000

4

Ford

Ka

£8,850.00

£3,495.00

60.51%

6

red

1.3

25000

5

Ford

Ka

£8,850.00

£3,995.00

54.86%

3

silver

1.3

20000

6

Citroen

Cx

£8,995.00

£2,200.00

75.54%

16

Silver

1.0

78000

7

Citroen

Saxo

£8,995.00

£4,999.00

44.42%

4

Blue

1.4

23500

8

Citroen

Saxo

£9,995.00

£8,495.00

15.01%

1

Ice Grey

1.6

12000

9

Citroen

Xantia

£10,995.00

£4,995.00

54.57%

4

Blue

1.9

57000

10

Ford

Fiesta

£11,170.00

£1,995.00

82.14%

9

Met Red

1.6

42000

11

Ford

Fiesta

£11,170.00

£2,695.00

75.87%

6

red

1.6

75000

12

Ford

Escort

£11,800.00

£2,695.00

77.16%

7

Red

1.6

34000

13

Ford

Fiesta

£12,165.00

£3,399.00

72.06%

4

Silver

1.8

33000

14

Daewoo

Nubira

£12,999.00

£5,495.00

57.73%

2

White

1.6

19000

15

Fiat

marea

£14,313.00

£3,595.00

74.88%

6

dark green

1.9

70000

16

Ford

Puma

£14,550.00

£7,895.00

45.74%

4

Met Blue

1.7

36000

17

Ford

Mondeo

£14,600.00

£4,594.00

68.53%

5

Red

1.8

48000

18

Audi

A3

£14,640.00

£10,000.00

31.69%

5

Blue

1.9

20000

19

Daewoo

Leganza

£15,999.00

£3,995.00

75.03%

5

Red

2.0

49000

20

BMW

320

£18,999.00

£13,995.00

26.34%

1

Black

2.2

4000

21

BMW

520l

£19,999.00

£1,100.00

94.50%

15

Grey

2.3

143000

22

Ford

Galaxy

£20,550.00

£10,995.00

46.50%

5

Silver

2.3

20000

23

Ford

Cougar V6

£20,850.00

£9,495.00

54.46%

4

Met Black

2.5

19000

24

Ford

Scorpio

£20,860.00

£2,695.00

87.08%

9

Silver

2.9

63000

25

BMW

523i SE

£24,999.00

£9,995.00

60.02%

4

black

2.0

85000

26

BMW

523i SE

£24,999.00

£9,995.00

60.02%

4

Met grey

2.0

84000

27

Audi

S4

£36,150.00

£19,995.00

44.69%

5

Silver

2.7

36000

28

Honda

Accord

£14,150.00

£6,495.00

54.10%

4

silver

1.8

40000

29

Honda

Civic

£15,945.00

£4,395.00

72.44%

6

Black

1.6

50000

30

Honda

Civic

£14,945.00

£4,995.00

66.58%

5

Red

1.4

31000

31

Honda

Civic

£15,945.00

£7,765.00

51.30%

5

Silver

1.6

40000

32

Honda

CRV

£16,280.00

£8,750.00

46.25%

4

met blue

2.0

81000

33

Honda

prelude

£18,205.00

£6,995.00

61.58%

4

met green

2.2

55000

34

Mazda

MX5

£16,490.00

£4,995.00

69.71%

10

Black

1.6

124000

35

Mercedes-Bens

SLK

£31,580.00

£24,995.00

20.85%

2

Blue

2.0

15000

36

Mitsubishi

Galant

£17,065.00

£8,495.00

50.22%

3

Met Red

2.0

29000

37

Nissan

Primera

£11,090.00

£8,995.00

18.89%

2

Met Red

1.8

23000

38

peugeot

205

£7,690.00

£1,995.00

74.06%

14

black

1.6

42000

39

Renault

Clio

£7,170.00

£5,395.00

24.76%

3

Silver

1.2

20000

40

Skoda

Favorit

£6,170.00

£1,595.00

74.15%

11

Grey

1.0

43000

41

Subaru

Legacy

£13,650.00

£3,995.00

70.73%

7

Met green

2.2

48000

42

Toyota

Landcruiser

£43,615.00

£11,895.00

72.73%

7

Dark Green

3.4

56000

43

Vauxhall

Polo

£12,650.00

£4,700.00

62.85%

4

Purple

1.0

17000

44

Vauxhall

Cavalier

£9,500.00

£500.00

94.74%

15

gold

2.0

95000

45

Volvo

S40

£15,995.00

£6,995.00

56.27%

5

Blue

1.9

38000

46

Volvo

V70 XLT 10v

£16,650.00

£8,995.00

45.98%

4

Dark Blue

2.5

76000

47

Volvo

Wentworth Estate

£8,950.00

£1,495.00

83.30%

10

Met Green

2.5

89500

48

VW

Golf

£10,555.00

£2,500.00

76.31%

6

Black

2.0

180000

49

VW

Golf

£10,555.00

£6,495.00

38.47%

2

Red

2.0

14000

50

VW

polo

£7,190.00

£6,995.00

2.71%

3

silver

1.4

20000

...read more.

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