Used Fiat 500 2008-present review

Ownership cost

Used Fiat 500 2008-present
Review continues below...

Ownership cost

What used Fiat 500 hatchback will I get for my budget?

Condition is king with early 500s. Prices for the 500 start at around £1500, that for the highest-mileage examples of the entry-level 1.2 Pop. If you can spend a bit more, say around £3000, you'll have your pick of 1.2 Lounge cars that have done around 50,000 miles.

The 1.4-litre engine was only on sale until 2011, when it was replaced by the turbocharged 0.9-litre Twinair. It's therefore quite rare on the used market and prices vary, so expect to have to pay £3000 for something that hasn't driven to the moon and back. Diesels are also scarce, but an example that has been looked after will set you back around £3000. You’ll have to spend a bit more for a 500 with the Twinair engine, with £3500 being a good place to start.

The pocket rocket of the range is the Abarth 500 (replaced by the 595 and 695 from 2012), which features a highly tuned version of the 1.4-litre turbo petrol engine. The only thing that isn’t small about this hot hatch is the price; you’ll need £4500 at least to secure an example.

Used Fiat 500 2008-present

How much does it cost to run a Fiat 500 hatchback?

The Fiat 500's popularity will ensure that it holds more of its value than its rivals do, making it a sound purchase, so long as you don't pay over the odds in the first place.

Diesel models don't have noticeably better resale values compared with petrol models but will save on fuel costs, being rated for 67.3mpg (72.4mpg with stop/start). The 1.2-litre has an official average of 55.4mpg (58.9mpg with stop/start) and the 1.4-litre 46.3mpg (48.7mpg with stop/start), while the Abarths manage 43.4mpg. The 0.9-litre turbo two-cylinder engine is the economy star: it manages to do 70.6mpg or 67.3mpg, depending on power output.

Road tax for the 500 shouldn't prove expensive. The 1.2-litre petrol emits just 119g/km (99g/km with stop/start) of CO2, while the 1.4-litre emits just 140g/km (135g/km with stop/start) and the diesel 110g/km (104g/km with stop/start). Those cars registered after the tax changes of April 2017 came into force will pay VED (Car Tax) at the flat annual rate, currently £145 a year. 

Insurance is a similar story, with all 500s sitting in groups 3 to 6. Only the Abarths reach double digits, in groups 13 and 14. The Twinair model manages to squeeze into the free tax band so lo ng as it was registered before 1 April 2017; all cars after that will incur the new annual flat rate of £145.

Servicing costs are in line with other models in the Fiat range and rival city cars.

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Used Fiat 500 2008-present
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