Used Fiat 500E electric hatchbacks are selling for as little as $4,200 at wholesale auction, according to data acquired by Green Car Reports.
Some of the Fiat 500Es leased in 2013, the first year of production for the three-door EV, recently began returning to Fiat dealerships and have subsequently been listed for a bargain. Green Car Reports researcher Bozi Tatarevic was perusing wholesale car auction listings in the U.S. and found several 2013 model year 500Es for sale for between $4,200 and $4,500. Once the cars are on dealer lots, GCR estimates they will list for around $6,500.
Early, low-range electric vehicles like the 500E have poor resale value due to the potential degradation of the battery pack and the effects it might have the vehicle’s range. Additionally, the 500E only boasted 87-miles of electric range from new, anyway, so if you’re daily commute requires you to travel further than that, it’s a less than ideal means of conveyance. It was also only sold in California and Oregon, so a Fiat dealer in the Midwest, for example, might scratch their head a bit when you bring it in for service.
So if you don’t need a lot of cabin space, drive less than 90-miles a day and are on a budget, why not keep an eye out for a Fiat 500E? Just watch out for that battery degradation.