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Old 03-10-2017   #16
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Re: Why do the fiat 500l lose so much value thanks

Americans don't 'get' Fiat, nothing wrong with the car, everything wrong with 'Murica.
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Old 03-10-2017   #17
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Re: Why do the fiat 500l lose so much value thanks

If you're worried about depreciation buy on a pcp with a guaranteed future value! When it comes to the end of the agreement and the value is lower than than the gfv you can still use your future custom to get a decent discount or dealer contribution towards your next car!
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Old 03-10-2017   #18
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Re: Why do the fiat 500l lose so much value thanks

Or wait a few years and buy it after it's depreciated
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Old 04-10-2017   #19
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Re: Why do the fiat 500l lose so much value thanks

Too many trips back to the dealer to fix this or that. Trim falling off, funny electrics like the ever-present message in my Qubo to check the number plate lights when they are perfectly fine and lots of small niggles. It seems there are few major failures but a stream of exasperating stuff that should not happen, sometimes over and over again. And there are no diesels in the USA for any Fiat model that I'm aware of.

The 500L has got a lot of negative comments in both the automotive and consumer presses for these problems and they are a hard sell for dealers.
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Old 04-10-2017   #20
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Re: Why do the fiat 500l lose so much value thanks

Quote Originally Posted by mattfred View Post
If you're worried about depreciation buy on a pcp with a guaranteed future value! When it comes to the end of the agreement and the value is lower than than the gfv you can still use your future custom to get a decent discount or dealer contribution towards your next car!
Don't want to upset or have anyone mislead , but you still stuffer the same levels of depreciation for that make and model, just it's been worked out before hand.

The monthly payments and GFV will alter depending on the expected value of the car at the end of the contract, they are very good at working this out and will penalise you if you break your end of the contract or return it overly damaged or with too many miles above the agreement which has caused it to depreciate further than agreed.

Choose a high depreciating make/model and the GFV will be lower so the monthly payments/deposit will be higher than a low depreciating make/model.

So, lets say two different make and models cost the same.
One has 70% depreciation, the other 50%.

The first car's GFV is only 30% of the total, so the buyer will need to pay the 70% (plus interest) by deposit and monthly payments.

The second car's GFV is 50% of the total, so the buyer will need to pay just 50% (plus interest) by deposit and monthly payments.

PCP's are actually better value when taken out low depreciating models, but they usually know this and therefore charge more interest.

To complicate matters more, the GFV comes into play again if you buy the car from the finance company, that is all you pay.
Or you can hand the car back to the finance company at the end of the contract and pay nothing more (apart from a collection fee).
Though it must meet the various conditions in the contract, like mileage, service history and condition (usually based on BVRLA fair wear and tear conditions) otherwise they will bill you for it.

You can return to the dealer (any dealer) and try part exchanging, but they aren't legally obliged when it comes to the GFV.
The GFV is between you and the finance company, not the supplier (dealer).

They may offer you less which will mean you need to finance the outstanding or, if they feel the car/you are worth it, the may offer you a bit more so you can use it towards a deposit on your new deal.

Overall, they tend to do the latter, but there's usually a catch, like only if you buy a much more expensive car, a deal on a higher finance rate or a model they have trouble shifting, otherwise there's little in it either way.
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Last edited by Goudrons; 04-10-2017 at 14:35.
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Old 04-10-2017   #21
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Re: Why do the fiat 500l lose so much value thanks

To be honest if the dealer wants your business they'll play the game and give you a little towards your deposit.Either that or risk losing your business. I always work it out so I can afford to pay the end gfv figure so the balls in my court as to what I do.
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Old 31-10-2017   #22
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Re: Why do the fiat 500l lose so much value thanks

Tell me any car that does not depreciate after driving of the forecourt? some more than others of cause, but if your worried about the loss then buy something else!!! I happen to really like the 500L It's a fantastic family car, load hauler, and look good in the right colour! I think the yellow and dark green with white roof look great.
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Old 01-11-2017   #23
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Re: Why do the fiat 500l lose so much value thanks

Is it because they are not perceived as cool? In Harrogate, 500's & 500C's are driven by sixth-form schoolgirls, their teachers, women of a certain age, yummie-mummies, hipsters, old farts, ex hippies and librarians. The target demographic for 500's is vast. I've never noticed a 500L on the mean streets of Harrogate but I've just had a peep at the Fiat website. The 500L looks like something that would appeal to the sort of chap who wears black slip-on shoes with a brown polyester suit or the type of lady who looks as if she's permanently sucking a sherbert lemon.
I'm sure they're great cars, they just look a bit naff. In this world it's all about image and perception of self
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Old 30-03-2018   #24
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Re: Why do the fiat 500l lose so much value thanks

Isnít it great!! I canít believe the deals Iíve been getting! Donít tell too many people.🤪
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Old 03-04-2018   #25
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Re: Why do the fiat 500l lose so much value thanks

Yep we got ours used 1 year old with very low milage at the time with a roughly 48% reduction from its retail value.

Great deal, the car was barely used due to a disable person finding it unsuitable.
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Old 04-04-2018   #26
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Re: Why do the fiat 500l lose so much value thanks

I know, itís unbelievable. When I built mine on the fiat website the grand total was 22k what a joke!! 18 month old 7k miles £9500.00 still canít believe it.
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