When we did a review of the Alfa Romeo MiTo recently, we were pretty smitten. Yes, it has its faults, but don’t all cars? And we speculated that if its residuals hold up it could turn out to be an absolutely cracking buy. Well, it looks like they will.
CAP (the trade bible) has just released figures for the MiTo, and they make very good reading for Alfa Romeo. After all, CAP values are used to calculate residuals/balloon payments on lease and contract hire, and the better those values the cheaper the car is to buy.
The new Alfa Romeo MiTo - class leading residuals
The class leader for some time has been the Mini, which was recently confirmed as the UK’s lowest depreciating car. But the figures just released by CAP are even better than the Minis.
Over a 12 month period a range of seven MiTos are expected to retain an average value that betters Mini, and one model, the Alfa MiTo 1.3 JTDM is expected to retain 81% of its value, beating the Mini by a full 5%. And even over three years and 20k miles, the Alfas still beat the Mini.
This must be great news for Alfa Romeo. They’ve always made great cars but have suffered from unreliability and poor build quality, which has meant their residuals were miserable. But this news on the MiTo could well make the MiTo the best selling car Alfa Romeo has ever had.
Well deserved.
