Industry News from Yes Insurance
30 July 2008 'Impressive' residual values for Seat Ibiza
The new Seat Ibiza 5dr has impressive projected residual values, according to predictions from independent sources.After three years and 36,000 miles, CAP New Monitor has stated that the car will still be worth close to 43 per cent of what people originally pay for it.
The extra cash could come in handy when it comes to paying for car insurance in addition to putting some money down on a new car.
CAP New Monitor remarked that the car's residual value is as high as any of the best-performing supermini vehicles on the market.
According to the company's manufacturer relations manager Martin Ward, this is partly due to the new vehicle's "much-improved quality over the outgoing car".
"Much of the interior is as good as some more premium brands. This quality will certainly stand the test of time, and will make the Ibiza a very desirable used car for many years," he said.
The Seat Ibiza has been in production since 1985.
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