Fiat Value

Fiat is the plucky little Italian brand which often misses our attention here in Britain despite coming up with some great designs for small compact cars. Their range is currently rather small, focussing and streamlining their production on their ever popular Fiat 500. They still offer other models though, with the Bravo, Panda, Punto cars still available as well as the more van-like Doblo and Qubo. They also own part of the American brand Chrysler, but we’ll cover those cars in another guide.

Fiat 500 is the best looking and best value maintainer of all Fiat’s offerings. Photo credit: Kevin Hutchinson. CC-BY-2.0

If you’ve learnt to drive in the last few years there’s a good chance it was in a Fiat 500 which is popular with several driving schools. The distinctive design of the car plus it’s attractive price point has made it a strong competitors to brands like Mini. With new on the road prices from slightly less than £10,000, you might be surprised to here their 2012 production year cars sell second hand for more than this – something that is largely explainable by optional extras, something which most buy given the relatively low number of base features. The first year gives relatively strong depreciation, dropping to less than £9000. But from then on in the depreciation is a respectable and manageable £500 a year.

The Punto has been around much longer than the 500 and was the small car of choice for many before the 500’s appearance. New models start like the 500 at just less than £10,000, but seem to lose value instantly – a 2012 second hand model going for less than £9000. Another £1500 is lost by the 2011 model, followed again by a substantial £1000 drop. By the time we’re at 2006, just six years old, the value’s are less than £3000. If you’re in the market for a new car and worry about resale we’d strongly suggest the 500 over the Punto.

The Panda is Fiat’s slightly cheaper model, going for just under £9000 new. Like the Punto it loses a good chunk of it’s value instantly, with 2012 models going second hand for about £8000. The depreciation for the next year isn’t pretty – £2000 over the first year, but thankfully things settle down to losing about £500 of value a year.

The Qubo is one of Fiat’s semi-van style cars which starts about £11,500 new. Not much is lost for 2012 models selling second hand, but in the first two years of ownership expect to lose about £4500 of value – ouch! Their other van-style car is the Doblo which starts at £14,300. The 2012 price second hand is only £11,000 representing a gigantic depreciation, and another £2000 is cut off the value subsequently in each of the next two years.

Fiat’s Bravo is more of their middle market car starting at a tad under £16,000 new. It’s clearly not that popular with it’s intended market however as the 2012 model sees it’s value drop to £12,500 instantly, following by another £2000 drop to 2011 and a gigantic almost £4000 drop in the next two years before steadying out. If you want a car that maintains value this clearly isn’t the right choice for you.