BJ20
New member
Some of you may know that I an avid MJ owner. This board was of great assistance to me in selecting the Panda and especially the MJ version. I have tried to help others in either buying or maintaining their Panda.
However, I am shocked to discover when thinking about trading in early next year and buying another MJ, that this great little car has depreciated to only 29% of it's original value!! I did realise that it could be as low as 37 - 39% but this!
The salesmen always say it's the mileage that has it so low ( I have 106,000 Kms or 66,250 miles. This is not a lot for a diesel)
I bought it as demo in April 2005 with 3000 Kms on the clock. It was priced at €14,125. I traded in a seven year old Fiesta 1.25 having to fork out €8,000
Now having tried three Fiat dealers in various counties, I have been told that I will have to come up with €9,500, €10,500 and €11,250. Taking the last figure, it works out at a retained 29% of it's original value. This means that it is now worth just under €5,000, €4,000 or €3,550
I am having to come up with €9,500 to change to an Opel (Vauxhall) Corsa with the same great little diesel engine and don't have to pay the €9,500 until Feb. 2010 - it's a deal called 50/ 50. You put up or trade in to half the value of the new car and pay the other half two years later.
I have also been quoted / come up with €10,000 to buy a Suzuki Swift with the same diesel engine but no special deals on the finance.
This is a hard one, I like my little MJ and it has been brilliant over the past almost three years. However, I really don't think I can afford another one
Is anybody else finding the same poor trade in value??
BJ 20
However, I am shocked to discover when thinking about trading in early next year and buying another MJ, that this great little car has depreciated to only 29% of it's original value!! I did realise that it could be as low as 37 - 39% but this!
The salesmen always say it's the mileage that has it so low ( I have 106,000 Kms or 66,250 miles. This is not a lot for a diesel)
I bought it as demo in April 2005 with 3000 Kms on the clock. It was priced at €14,125. I traded in a seven year old Fiesta 1.25 having to fork out €8,000
Now having tried three Fiat dealers in various counties, I have been told that I will have to come up with €9,500, €10,500 and €11,250. Taking the last figure, it works out at a retained 29% of it's original value. This means that it is now worth just under €5,000, €4,000 or €3,550
I am having to come up with €9,500 to change to an Opel (Vauxhall) Corsa with the same great little diesel engine and don't have to pay the €9,500 until Feb. 2010 - it's a deal called 50/ 50. You put up or trade in to half the value of the new car and pay the other half two years later.
I have also been quoted / come up with €10,000 to buy a Suzuki Swift with the same diesel engine but no special deals on the finance.
This is a hard one, I like my little MJ and it has been brilliant over the past almost three years. However, I really don't think I can afford another one
Is anybody else finding the same poor trade in value??
BJ 20