Robnw67
New member
I have had my 500 1.2 Lounge for 5 months and went to the dealer last night to have it valued for trade in. Imagine my shock when my £12300 car only 5 months ago, is now worth only £8500. I was further put out to hear that, in fact I am in £200 worth of negaitve equity at the moment. Not really what I wanted to hear.
Apparently Fiat have flooded their forecourts with 'used' or demonstrator 500's with only 10's of miles on the clock. The dealer was showing me dozens of their dealer stock with 12 plate 500's for between £8500 and £9000. So beware your residual values when you come to trade in in 3 years time!!
I was expecting to get £8000 in 3 years.........it's not worth that now!! :yuck:
Ideal for buying. Pants for selling trade in...........
Apparently Fiat have flooded their forecourts with 'used' or demonstrator 500's with only 10's of miles on the clock. The dealer was showing me dozens of their dealer stock with 12 plate 500's for between £8500 and £9000. So beware your residual values when you come to trade in in 3 years time!!
I was expecting to get £8000 in 3 years.........it's not worth that now!! :yuck:
Ideal for buying. Pants for selling trade in...........