General Why do the fiat 500l lose so much value thanks
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General Why do the fiat 500l lose so much value thanks
Because of the badge on the front
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It's a Multipla MkII....
mattfred
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The 500L has plenty of space inside but lacks the exterior styling to create secondhand showroom appeal.In short it's ugly but practical!
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Mr cool
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I prefer a multiplaIt's a Multipla MkII....
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Mr cool
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Would you buy one because I was thinking of buying the car
They’re great cars and unlike everything else in the class, it’s not trying to copy or pull off that boring, run of the mill German styling look.
They lose money because of the fact they’re Fiat’s. However, I’ve always found this a huge advantage of owning a Fiat. It’s cheaper to buy if you buy one that’s a year or two old. And the parts, especially those annoying Fiat only parts that cause you to spend money at the dealer are much much cheaper down the line.
Don’t forget, the materials of the car such as the steel, the quality of the rubber bushings, mounts etc, galvanised body and construction methods are the same as on a Mercedes Benz in 2017......perhaps in the 80s that wasn’t the case. Don’t buy into the myth that any modern car is lacking in these areas. So enjoy the low cost motoring that a Fiat provides.
If you like the 500L go and test drive one - or a few with different engines - and see what you think. There’s so much good advice on this forum and friendly owners to ask for help from or share your experience.
They lose money because of the fact they’re Fiat’s. However, I’ve always found this a huge advantage of owning a Fiat. It’s cheaper to buy if you buy one that’s a year or two old. And the parts, especially those annoying Fiat only parts that cause you to spend money at the dealer are much much cheaper down the line.
Don’t forget, the materials of the car such as the steel, the quality of the rubber bushings, mounts etc, galvanised body and construction methods are the same as on a Mercedes Benz in 2017......perhaps in the 80s that wasn’t the case. Don’t buy into the myth that any modern car is lacking in these areas. So enjoy the low cost motoring that a Fiat provides.
If you like the 500L go and test drive one - or a few with different engines - and see what you think. There’s so much good advice on this forum and friendly owners to ask for help from or share your experience.
mattfred
Member
It's probably the one 500 type I wouldn't go for. I've just brought a Tipo sw which is based on the same platform
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The truth is they don't actually lose that much when you compare it to other makes and models.
Generally most cars will lose between 50 & 60% in the first three years then it all starts to flatten out.
It doesn't take Rachel Riley to work out 50% of £100K is a lot more than 60% of £25K.
Depreciation rates are influenced by three factors:
Quality
Running costs
Price
Trouble this, some these factors aren't always real, things like quality are really only preceived and even those cars which have a higher perception of quality can sometimes cause a knock on effect as more sales lead to more used models on the market, but they generally do perform better.
These factors throw up some odd reading.
Though it's no surprise the likes of Citroen, Peugeot and Alfa tend to top the poles in the tables with most models losing up to 75% in three years.
Land Rover product losses are a lot lower, they seem to perfom well at 50-55% mark, but that's no real help to your wallet as it's generally 50% of much larger figure.
When you actually work the percentage to actual cost figures out, Dacia has some models at the very bottom of the list.
Although the Duster takes a big hit in the first year, it's one of the UK's slowest depricating cars over three years in real terms.
With around 55% depreciation and a low purchase price, they actually lose very little when compared to similar models.
But depreciation is only one aspect of a car purchase and ownership.
Along with the three factors above things like finance rates, discounts and availabilty all come into play.
Fiat tend to offer big discounts and low finance rates with a pile 'em high/sell 'em quick attitude, we all really know they aren't really poor quality but their past image wasn't great and this all reflects in their depreciation.
Percentage and actual cost wise their depreciation is fairly average but the overall ownership costs can be quite low if you managed a big discount on a low finance rate.
Generally most cars will lose between 50 & 60% in the first three years then it all starts to flatten out.
It doesn't take Rachel Riley to work out 50% of £100K is a lot more than 60% of £25K.
Depreciation rates are influenced by three factors:
Quality
Running costs
Price
Trouble this, some these factors aren't always real, things like quality are really only preceived and even those cars which have a higher perception of quality can sometimes cause a knock on effect as more sales lead to more used models on the market, but they generally do perform better.
These factors throw up some odd reading.
Though it's no surprise the likes of Citroen, Peugeot and Alfa tend to top the poles in the tables with most models losing up to 75% in three years.
Land Rover product losses are a lot lower, they seem to perfom well at 50-55% mark, but that's no real help to your wallet as it's generally 50% of much larger figure.
When you actually work the percentage to actual cost figures out, Dacia has some models at the very bottom of the list.
Although the Duster takes a big hit in the first year, it's one of the UK's slowest depricating cars over three years in real terms.
With around 55% depreciation and a low purchase price, they actually lose very little when compared to similar models.
But depreciation is only one aspect of a car purchase and ownership.
Along with the three factors above things like finance rates, discounts and availabilty all come into play.
Fiat tend to offer big discounts and low finance rates with a pile 'em high/sell 'em quick attitude, we all really know they aren't really poor quality but their past image wasn't great and this all reflects in their depreciation.
Percentage and actual cost wise their depreciation is fairly average but the overall ownership costs can be quite low if you managed a big discount on a low finance rate.
gar074
Prominent member
Sorry, I didn't get further than the mention of Rachel Riley in that last post.
WOOF WOOF!!
WOOF WOOF!!
I also don't think they lose too much value, at least here in Austria. I bought mine 3 years ago, list price was 26k (Euro), i paid 19k, and the actual value (for selling it to a dealer) seems to be around 14k. I am OK with that. Sure, compared to the list price it is a hefty loss, but usually here Fiat is one of the manufacturers with the highest rebates from list prices.
I have a friend here with a 2015 Hyundai i40 Business. List price £30,000 with the options he has .. got it in Jan 16’ for £18,000....
raton_laveur
Established member
The 500L is one of the worst cars in the USA as far as quality and owner satisfaction go. I don't know what has caused that but it's not doing FCA over there any good and reflects negatively on the rest of their range.
Americans don't 'get' Fiat, nothing wrong with the car, everything wrong with 'Murica.
mattfred
Member
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!
Or wait a few years and buy it after it's depreciated
raton_laveur
Established member
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.
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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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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