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.
Dear Honest John,
Please help me choose my next car. I would like it to have:
Please help me choose my next car. I would like it to have:
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