# Peugeot 406 — Used Car Buying Guide

AutoScout's analysis of the Peugeot 406 on the UK used-car market. Backed by 33 million DVSA MOT tests, current AutoTrader pricing, and depreciation curves derived from CAP/Glass's Guide data.

Live interactive report: https://autoscout.fyi/cars/peugeot-406

## Verdict

- **Best value year**: 2002
- **Ideal trim**: Executive
- **Target mileage**: 80,000
120,000 miles
- **Max previous owners**: 4
- **Target price**: £1,500

## Why this model

The Peugeot 406, especially from its later production years, offers a remarkably comfortable and smooth ride, making it a great choice for relaxed cruising. It's a bit of a forgotten gem, providing a lot of car for very little money. While it's an older vehicle, well-maintained examples can be surprisingly robust and offer a touch of classic French charm without breaking the bank. Parts are generally available, and many common issues are well-known to independent specialists.

## What you should pay

Given its age, the 406 is now firmly in the 'bargain classic' territory. Prices are very low, often dictated more by condition and history than by mileage or specific year. You're looking at a few hundred to a couple of thousand pounds for a decent runner. Don't expect pristine, but aim for a solid, mechanically sound car with minimal rust. The market for these is small but dedicated.

## Which trim to buy

The Executive trim offers the best value now. When new, it was the top-spec, meaning you get features like leather seats, climate control, and better sound systems, often for little to no price premium over lower trims in the used market today. It enhances the comfort and 'feel-good' factor without adding significant complexity or cost.

## What to check before you buy

- Electrical gremlins (windows, central locking)
- Suspension bushes/ball joints wear
- Rust on sills/arches (check thoroughly)
- Cooling system issues (radiator, thermostat)
- Catalytic converter failure

## Running costs

For a 2.0L Petrol, expect around 30-35 mpg. At current petrol prices (approx. 
1.50/litre or 
6.80/gallon), that's about 19-22 pence per mile. Road tax (VED) for a 2002 2.0L petrol would be around 
325-
360 per year (pre-2006 cars are often in higher bands). Insurance will vary wildly based on driver, but expect it to be reasonable for an older, less powerful car. Maintenance costs can be low if you find a good independent specialist, but be prepared for age-related wear and tear.

## Key stats

- **Fuel Type**: Petrol
- **Horsepower**: 135 hp
- **Mpg**: 30-35 mpg
- **Reliability Score**: Average for its age
- **Safety Rating**: 3-star Euro NCAP (1997)

## Trim comparison

| Trim | Price new | Price used | Key features |
| --- | --- | --- | --- |
| LX | £16,000 | £800 | Electric front windows; Central locking; Power steering |
| GLX | £18,000 | £1,200 | Electric rear windows; Air conditioning; Alloy wheels |
| Executive | £21,000 | £1,600 | Leather upholstery; Climate control; CD changer |

## Depreciation forecast

| Year | Estimated value | Retention |
| --- | --- | --- |
| 2026 | £1,500 | 0% |
| 2027 | £1,400 | 7% |
| 2028 | £1,300 | 13% |
| 2029 | £1,200 | 20% |
| 2030 | £1,100 | 27% |

For a car this old, the 'sweet spot' isn't about avoiding depreciation, but about finding a well-preserved example that has already lost most of its value. Its value will likely plateau, only decreasing slightly year-on-year unless it develops major faults or rust. The key is to buy a good one and maintain it.

Total value lost since new: 27%.

## Alternatives to consider

- Ford Mondeo (Mk3)
- Vauxhall Vectra (C)
- Renault Laguna (Mk2)

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Source: AutoScout (https://autoscout.fyi). Part of a review of the UK used-car market across 500+ models.