4 ms·
Picked up a 10 year old Fiat 500e with 50k miles for $5k as my daughters first car. She and my wife love it. Way more power than the gas model, and a super fun
by smoovb 1y ago
Picked up a 10 year old Fiat 500e with 50k miles for $5k as my daughters first car. She and my wife love it. Way more power than the gas model, and a super fun drive.
Thank you "Plummeting Resale Values"!
- rootusrootus 1y agoFun fact -- three years after the first 500e went on sale, they were going through auction off-lease at $4K (in the US, at least). Ouch! I remember this vividly because a coworker of mine's wife had purchased one brand new for over 30 grand.
- hu3 1y agoOne has to wonder... What's the reason for so much discount?
- Ekaros 1y agoSimply not much demand. Not enough buyers of used cards want them. Dealers will bid in auctions to price point where they can make reasonable profit. I would expect something like say two thousand and then some percentage on auction price to make retail price. They are doing it weekly. They know what sells at what price and how fast. So price discovery can work pretty well and mostly correct. Now more questions can be asked why there is no demand? Is the initial price maybe too high? Or is there some other factors.
- jychang 1y agoIt's just too small for most americans' tastes lol
- ZeroGravitas 1y ago"Compliance cars" are cars that manufacturers need to sell to activate subsidies or avoid financial penalties. As deadlines get close you got really good lease deals on these cars.
- NaomiLehman 1y agoI know a bit unrelated but I leased the top-of-the-line Mazda MX-5 for $350/month for 3 years. Lease prices can be amazing. Such a fun car to drive.
- tehwebguy 1y agoFor a few years (maybe ~2017-2019?) you could lease them for well under $100 / mo in CA with standard down payments & fees. Total lease cost was like $1k per year.