General help advice needed
- Thread starter darren111
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General help advice needed
I think you've made the right decision. With the deposit that you have and the loan you'd still need £900 before you could get into a Pop. The total loan repayment would be £9120 which is simply shocking. At the end of the day you'd be paying £12k for an £8k car. And in 4 years time it's probably only going to be worth £3000. You'd be ar better off saving towards your deposit and getting a far smaller loan in a years time
I think 5oo's are going to hold their value a bit better than that. A MINI is worth 66% of it's purchase price after 3 years, which is one of the best residuals around and I think the 5oo will follow suit. Well even 50% would be nice!
BTW I am not a Jonny-come -lately to Italian cars and have been exclusively Italian, apart from one company 205 GTi and Golf GTi since my first "own" proper car in 1989 which was a Lancia Delta HF turbo. Currently drive an Alfa 156 SW.
Yes but this is Fiat. Not Mini/BMW. Mini has a huge heritige in this country and BMWs are well respected as good cars here too. Fiats have neither.
Regardless whether the car is popular, its still a Fiat, and in this country, they do not hold their value well. Not atall.
Yes. I do realise this as I intimated in my post regarding Italian car ownership, but it's supply and demand too. MINI's prices are kept high because you can't get discounts on new cars and supply is limited.
The 5oo is a quantum leap in terms of quality for FIAT, it's the must have car of 2008 and supply is limited. FIAT are therefore engineering good residuals for 5oo's, like BMW have done with the MINI. Let's see what happens but I think I'll be proved right.
I don't by cars with a view to what they'll be worth in x years time. If I did I wouldn't have bought only Lancia, Fiat and Alfa over the last 20 odd years.
I buy these car because they are great to drive and generally good places to sit in. However, I'm not totally blinkered as through my work I do get to drive a lot of BMW/Audi/VW/Merc too.
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Anorak! Even I didn't work that out!20.75% Flat rate!
darren111
New member
My thread seems to be very interstting to others its been good to read the comments. I have visited York and just out of interst the sales person put me through a finance proposal and fiat idael just to see what happens if its a no go I will stick with my original plan just keep adding to my deposit.
