Fiat 500L depreciation

I bought a Fiat 500L trekking in April 2014 for £21,300, a year later I was offered a part-exchange value of around £11,000 from the same Fiat dealer. I am appalled that such a run of the mill car can drop half its value in a year. What can I do?

Asked on 22 February 2016 by moira s

Answered by Honest John
You must have paid full list price for it in the first place which wasn't very astute. But it's a good car, so, given its drop in value, the most sensible thing to do now is to keep it for another couple of years and allow the depreciation to amortise.

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