u/skylarx7

I love my 2016 i3 REx, bought 2nd hand in the UK for £15k in 2019. It has now done ~93,000 miles and I was shocked to see its value had depreciated to between £4600-5400 (according to Carwow and Motorway). My question is, does this car (still) count as a luxury car for the purposes of a private/independent school bursary application? In these terms, this depreciation isn’t all bad news. But does that level of depreciation in value sound normal?