NF500 / company car

Those clever bods with calculators (or crystal balls, or both) who predict future used car prices for the motor trade have altered and improved their estimations on the value of the Fiat 500 in three years.

The predicted residual values on some 500 models have increased from 42 per cent to 46 per cent of original list price. That equates to a positive adjustment of more than £350 on the car’s value on a typical three year/30,000 mile contract. For buyers funding the car through contract hire or personal contract purchase (PCP) that should reduce rentals by more than £20 per month.

As is often the case in the motor trade, the entry level model, the Fiat 500 1.2 Pop is rated as having the best residual value at 47 per cent after three years.

The residual value guides have reacted positively to the success of the 500 and have increased their used predictions accordingly. This is good news for those who have already bought one and it should help reduce monthly costs,

says Adam Pumfrey, fleet and remarketing director, Fiat Group Automobiles UK.

The 500 has also generated a great deal of interest from small and medium sized companies for test drives as it offers drivers a high profile company car that is low on fuel use and CO2 emissions.