Buying a used Abarth with hire purchase (HP) car finance

Abarth is a renowned automotive brand celebrated for its sporty design, exhilarating performance, and racing heritage.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Abarth within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Abarth model straight away.

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Complete your details via our online form.

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Abarth?

If you're considering purchasing a used Abarth, here's a comprehensive look at what you should know about its strengths and weaknesses:

Strengths of Abarth:

  1. Performance and handling:
    Abarth cars are engineered for performance. With turbocharged engines and sporty suspension setups, they deliver a thrilling driving experience. Models like the Abarth 595 and Abarth 124 Spider are known for their agility and responsiveness.
  2. Racing heritage:
    Abarth's roots in motorsport contribute to its reputation for producing cars with excellent driving dynamics. This heritage is reflected in the brand's commitment to performance and sportiness.
  3. Unique styling:
    Abarth vehicles stand out with their distinctive design elements, such as bold exterior accents, sporty interiors, and eye-catching details. This unique styling appeals to enthusiasts looking for a car with character and flair.
  4. Compact size:
    Many Abarth models, particularly the 595, are compact and nimble, making them perfect for urban driving. Their small size allows for easy manoeuvrability and parking in tight spaces.
  5. Customisation options:
    Abarth offers a range of customisation options, allowing buyers to personalise their vehicles to suit their preferences. From performance upgrades to bespoke interior finishes, you can make an Abarth truly your own.
  6. Community and enthusiast support:
    Abarth has a passionate community of owners and enthusiasts. This support network can be beneficial for finding advice, parts, and events, enhancing the ownership experience.

Weaknesses of Abarth:

  1. Ride comfort:
    Abarth cars, designed with a focus on performance, often have a firmer ride. This might not appeal to all drivers, especially those looking for a more comfortable and cushioned driving experience.
  2. Limited space:
    The compact nature of Abarth models means they have limited interior and cargo space. This might be a drawback for those needing more room for passengers or luggage.
  3. Maintenance costs:
    As performance-oriented vehicles, Abarth cars can have higher maintenance and repair costs. Ensure you budget for these potential expenses, including higher insurance premiums.
  4. Fuel efficiency:
    Due to their performance-tuned engines, some Abarth models may not be as fuel-efficient as other cars in their class. Consider your driving habits and fuel costs when choosing a model.
  5. Resale value:
    While Abarth cars are beloved by enthusiasts, their niche appeal can affect resale value. Be mindful of potential depreciation when purchasing a used model.

Tips for buying a used Abarth:

  • Research specific models: Popular models like the Abarth 595 and Abarth 124 Spider have distinct characteristics. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check service history: Ensure the vehicle has a comprehensive service history. Regular maintenance by authorised Abarth service centres is a good indicator of a well-cared-for car.
  • Inspect for wear and tear: Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider certified pre-owned: Buying a dealership-certified pre-owned Abarth offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate running costs: Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the car fits within your budget.

Overall, a used Abarth can offer an exciting and unique driving experience, with sporty performance and distinctive styling. By doing thorough research and inspections, you can find a high-quality used Abarth that meets your needs and provides lasting satisfaction.

Buying a used Abarth with HP car finance

One of the ways to buy a used Abarth, if you do not have enough money to pay for it in full straight away, is to use HP car finance.

This is where you ‘hire’ the Abarth from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Abarth from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Abarth completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Abarth could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Abarth are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Abarth today: with HP car finance you can get a Abarth, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Abarth: cars are expensive, but are often an essential part of daily life. When you buy your Abarth with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Abarth will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Abarth you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Abarth at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Abarth at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Abarth being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Abarth is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Abarth’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Get a finance decision within minutes

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  • Complete the same day

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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