Specialists who calculate future used car prices for the motor trade have upgraded their predictions on what they reckon the new Fiat 500 supermini will be worth in three years’ time.

Residual values on some 500 models have increased from 42 per cent to 46 per cent of original list price. That’s an uplift 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.

The residual value guides rate the entry level 500 1.2 Pop 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.”