Personal Finance - Finance

CAR PERSONAL FINANCE

If you've set your heart on a Punto, or you're eyeing up the Fiat 500, our finance plans are the easy and affordable way to get you on the road. Simply choose the plan that suits your budget, lifestyle and needs.

 

i-deal

i-Deal gives you freedom and flexibility and lets you keep your options open at the end of your agreement.

HOW I-DEAL WORKS

With i-Deal you put down a deposit at the start of your agreement. You also set aside a proportion of your chosen car's value until the end of the agreement.
This amount is the Guaranteed Minimum Future Value for your Fiat. It gives you the peace of mind that you know where you stand at the end of your agreement and it also means your monthly repayments are lower.
With i-Deal, you can choose a repayment term anywhere from 20 to 48 months and you also select an appropriate annual mileage of between 5,000 and 35,000 mile.

ANNUAL MILEAGE

When you're working out your annual mileage try and base it on what you have done in the past. Make your allowance generous and then you can really enjoy the time you spend behind the wheel.

Going over your limit

If you do go over your agreed annual mileage then you will need to pay an excess mileage charge. This is calculated on a pence-per-mile basis and will be shown on your finance quotation.

Going under your limit

If you cover fewer miles than you anticipate, your car might be worth more than originally estimated, which means that you might have some equity to put towards your next car.

FLEXIBLE OPTIONS

At the end of your i-deal agreement you have the flexibility to choose one of three options:

  1. Part-exchange your Fiat
    We aim to ensure that your final payment should be less than the actual value of your car. This means you should have some equity to put towards your next car.
  2. Return the car
    You can simply hand back the car and the keys and walk away. You'll just need to make sure that you haven't gone over your agreed mileage and your car is in good condition. Of course, we allow for the normal wear and tear of daily use. It's in your interest to keep your car looking its best inside and out.
  3. Keep the car
    All you need to do is pay the outstanding amount (balloon payment) and you can keep the car. You can choose to pay this with a loan which can be spread over 12 or 24 months. All loans are subject to credit approval.

Hire Purchase

Hire Purchase is an easy and straightforward way to pay for your Fiat. You know exactly what you are paying every month and at the end of your agreement you get to keep your car.

HOW HIRE PURCHASE WORKS

First you put down a deposit - as a cash payment or from the value of a part-exchange, or both. You then arrange a regular monthly payment amount over a term of between one and five years. Then at the end of your agreement, and providing you have paid all your installments, the car is yours to keep. It doesn't get much easier than that.

SIMPLE BUDGETING

If you have built up a deposit to finance part of the cost, this will be reflected in your monthly payments. Your chosen agreement length also affects this. The plan is designed to be a really simple way of spreading the cost of your car.

PERSONAL CONTRACT HIRE

This is an increasingly popular, cost-effective and straightforward finance plan. It offers you all the benefits of vehicle use without some of the associated risks of ownership.

HOW PERSONAL CONTRACT HIRE WORKS

You start by paying an initial rental. Your monthly payments are fixed and based on an agreed lease period and mileage. At the end of your agreement you simply hand the vehicle back, with nothing more to pay - as long as you haven't exceeded your mileage and the condition is satisfactory.

 

APP

With Advance Payment Plan there are no monthly payments, just a single, up-front payment followed by a choice of three final options at the end of your agreement term.

Based on your chosen term and mileage Fiat will determine the Guaranteed Minimum Future (GMFV) of your car at the end of the term, and that amount is deferred to the end of the contract. The GMFV is deducted from the price of your car; you simply pay the remaining balance (plus any interest) as a single upfront payment. At the end of the agreement, just choose from one of the options explained below.

TERM AND MILEAGE

Term
Choose any term between 20 and 24 months

Mileage
For Advance Payment Plan, your annual mileage should be between 5,000 miles and 35,000 miles.

FLEXIBLE OPTIONS

At the end of your Advance Payment Plan agreement you have the flexibility to choose one of three options:

  1. Part-exchange your Fiat
    We aim to ensure that your final payment should be less than the actual value of your car. This means you should have some equity to put towards your next car.
  2. Return the car
    You can simply hand back the car and the keys and walk away (subject to mileage and condition).
  3. Keep the car
    All you need to do is pay the optional final payment (GMFV) and you can keep the car.