COVID Casualty: 1970 Fiat Nuovo 500L – $8,000

Feb 2020 | Classifinds, Free For All Friday

February 19, 2021 – We first came across this rare-in-the-US Fiat in early December, the private seller made it sound like their car was a daily driver for $7,500 firm.  Unfortunately, in their latest listing, they indicated they used this car for advertising in front of their now-closed Staten Island restaurant.  The private seller now has this COVID Cuomo casualty listed for $8,000.

January 7th, 2021 Update – We just confirmed the Craigslist ad for this ride expired. With no replacement listing found, we’re assuming this car sold.

December 7th Update – The private seller of this tiny Fiat appears to be very motivated to sell it and just reduced their asking price by $400 down to $7,100 just several days after first listing it for sale.

Cinquecento. Not only the Italian word for the number “500,” but it is also the brand name for one of Fiat’s most iconic cars.  Fiat replaced the equally iconic Topolino (Italian for “Little Mouse”) with the 500 in 1957 and subsequently produced its diminutive four-seat, rear-engined city car through 1975 over a single generation. While the 500 proved to be an enormously practical vehicle with great sales throughout Europe, its tiny size and complete lack of power made these a very rare sight on American roads outside of major cities when new.

One of the few places in the U.S. the 500 likely made sense as a daily driver was in New York City, so we’re not surprised to come across this white driver-quality, 1970 Fiat Nuova 500L currently listed here on Craigslist Staten Island, New York. Said to be a driver-quality car that “could use a paint job”, the current caretaker now has their 500 listed for $8,000 firm.  Interestingly, the Hagerty Insurance Online Valuation Tool confirms the ask is $2,400 less than this guide’s current #4 “Fair” (Daily Driver) estimate of $9,900. With Hagerty’s #2 “Excellent” appraisal of these cars currently at $25,700, there’s a strong probability to still be in the green if you decide to restore this Fiat.  Are only caution before buying this car is to thoroughly inspect the underside to ensure the “small rust spot” isn’t something structural and much bigger lurking underneath.  If you’re interested, you can email the private seller. Good luck with the purchase!

Here’s the seller’s description:

“Must sell the car runs and drive it could use a new paint job and small rust spot on driver’s side, the price $7500 is firm I paid $11,500 4 years ago!

Restore or drive as-is: what would you do with this 500 Nuovo?  Comment below and let us know!

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