... to get your 500?
I'm hoping to trade/sell an MX-5 to get mine - how about you?
Ant
I'm hoping to trade/sell an MX-5 to get mine - how about you?
Ant
We traded in the Wife's 53 plate MX5 which we had from new.
We took quite a hit on it PX'ing, compared to selling privately, but I figured that by the time I had had the MX5 serviced, new discs/pads and cam belt done and a fresh MOT and then all the associated bother of having numerous tyre kickers and people wanting to beat us down, what we lost on the PX I would have to have spent anyway just to get a decent private sale price. Besides, when I looked at the MX5 from an insurance market value, if it had been written off, it would only have fetched (optimistically) £250 more than we were given for it for the 500.
Anyway, no regrets. The amount saved on VED per year (a difference of £240) and main dealer servicing costs as well as the huge difference in mpg that the 1.2 500 gets over the MX5 1.8i Sport, justifies the PX in my view. And of course, not buying a 'brand new' 500 from a Fiat dealer, saved us about 2k for a six month old car with only 800 odd miles on the clock.
I scrappaged a 406 with a blown head gasket and got 2k off a brand new car. That's a good deal
...seeing as (in my very humble opinion) that the 500 is hugely over inflated in price for what it is...
That IMO is beyond doubt and a quick look at the prices & discounts available on a new Panda will quickly confirm this.
The small car market was hugely distorted by scrappage. When Maxi & myself bought our 500's @ £2K off list, there was a 12-16 week waiting list & 6 month old cars with <1000 miles were being sold for a premium over the new list price.
It's a different situation now. Today skilful negotioating should get you £1000 off a new 500 (it's still nowhere near enough to make the car reasonable value for money), but a 6 month old car is not the same as a new one, whatever the mileage & if you buy one, do remember that a car bought at 6months old & sold after 3 yrs will be worth significantly less than one bought new & sold after the same duration of ownership. Buying a low mileage secondhand car does not give you the same protection as buying new & there is a small but definitely greater risk of buying a lemon.
In the final analysis, if you need a car you can only do the best you can in the market as you find it at the time. FIAT's pricing policy & incentive schemes are hugely biased towards those needing finance & IMO cash buyers considering a 500 can find better value elsewhere.
That IMO is beyond doubt and a quick look at the prices & discounts available on a new Panda will quickly confirm this.
Today skilful negotioating should get you £1000 off a new 500 (it's still nowhere near enough to make the car reasonable value for money), but a 6 month old car is not the same as a new one, whatever the mileage & if you buy one, do remember that a car bought at 6months old & sold after 3 yrs will be worth significantly less than one bought new & sold after the same duration of ownership. Buying a low mileage secondhand car does not give you the same protection as buying new & there is a small but definitely greater risk of buying a lemon.
In the final analysis, if you need a car you can only do the best you can in the market as you find it at the time. FIAT's pricing policy & incentive schemes are hugely biased towards those needing finance & IMO cash buyers considering a 500 can find better value elsewhere.