FIAT 500L Depreciation
A FIAT 500L will depreciate 28% after 5 years and have a 5 year resale value of $20,258.
The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $28,011 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the FIAT 500L.
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FIAT 500L Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $717 | 97.44% | $27,294 | 12,000 | 2022 |
| 2 | $2,675 | 90.45% | $25,336 | 24,000 | 2023 |
| 3 | $3,672 | 86.89% | $24,339 | 36,000 | 2024 |
| 4 | $5,821 | 79.22% | $22,190 | 48,000 | 2025 |
| 5 | $7,753 | 72.32% | $20,258 | 60,000 | 2026 |
| 6 | $8,812 | 68.54% | $19,199 | 72,000 | 2027 |
| 7 | $10,392 | 62.90% | $17,619 | 84,000 | 2028 |
| 8 | $12,717 | 54.60% | $15,294 | 96,000 | 2029 |
| 9 | $14,507 | 48.21% | $13,504 | 108,000 | 2030 |
| 10 | $16,090 | 42.56% | $11,921 | 120,000 | 2031 |
FIAT 500L Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $717 | 97.44% | $27,294 |
| 2 | $2,675 | 90.45% | $25,336 |
| 3 | $3,672 | 86.89% | $24,339 |
| 4 | $5,821 | 79.22% | $22,190 |
| 5 | $7,753 | 72.32% | $20,258 |
| 6 | $8,812 | 68.54% | $19,199 |
| 7 | $10,392 | 62.90% | $17,619 |
| 8 | $12,717 | 54.60% | $15,294 |
| 9 | $14,507 | 48.21% | $13,504 |
| 10 | $16,090 | 42.56% | $11,921 |
Buying a FIAT 500L New vs Used
If you purchase a used FIAT 500L that is 2 years old, then you could save $2,675 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $5,078. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used 500L models become available.
What About FIAT 500L Insurance Costs?
The average cost to insure a FIAT 500L is about $1,493 per year. This adds up to around $7,465 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a FIAT 500L. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure
FIAT 500L Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the FIAT 500L ranks for Depreciation compared to other vehicles. Also check out how the 500L stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other FIAT 500L Costs of Ownership
Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major FIAT 500L costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: