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

Fiat is an Italian car manufacturer known for its stylish design, compact models, and affordability.

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

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

Apply now for HP car finance

Complete your details via our online form.

Get started online

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 Fiat?

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

Strengths of Fiat

  1. Stylish design:
    Fiat vehicles are renowned for their distinctive and stylish design. Models like the Fiat 500 and Fiat Panda offer a unique and charming aesthetic that stands out on the road.
  2. Affordability:
    Fiat cars are generally budget-friendly, both in terms of purchase price and running costs. This makes them an attractive option for cost-conscious buyers looking for a stylish vehicle.
  3. Fuel efficiency:
    Fiat models often come with small, efficient engines that provide excellent fuel economy. This can lead to significant savings on fuel costs, especially for city driving and commuting.
  4. Compact size:
    Many Fiat models, particularly the Fiat 500, are compact and easy to manoeuvre. Their small size makes them ideal for urban environments, where parking and navigating through traffic can be challenging.
  5. Practicality:
    Despite their compact size, Fiat cars are designed with practicality in mind. Models like the Fiat Panda and Fiat 500L offer clever interior layouts and ample storage space, making them versatile for everyday use.
  6. Safety features:
    Modern Fiat vehicles are equipped with a range of safety features, including advanced driver assistance systems. Features like electronic stability control, multiple airbags, and parking sensors are common in newer models.

Weaknesses of Fiat

  1. Build quality:
    Some Fiat models have faced criticism for their build quality and durability. It's essential to thoroughly inspect any used Fiat for signs of wear and potential issues, especially in older models.
  2. Performance:
    Fiat cars are generally not known for high performance or sporty driving dynamics. If you prioritise powerful acceleration or sharp handling, certain Fiat models might not meet your expectations.
  3. Interior quality:
    While Fiat interiors are often stylish, the quality of materials used can vary. Some models feature plastics and finishes that may feel less premium compared to other brands in the same class.
  4. Depreciation:
    Fiat vehicles can depreciate more quickly than some competitors. While this can make used models more affordable initially, it also means you should be mindful of potential future depreciation.
  5. Complex technology:
    As with many modern cars, the advanced technology in Fiat vehicles can sometimes be a double-edged sword. Ensure that all electronic systems are functioning correctly, as repairs can be costly

Tips for Buying a Used Fiat:

  • Research specific models:
    Popular models like the Fiat 500, Panda, and Tipo each have unique 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 Fiat 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 Fiat 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. Given their affordability, Fiats generally have reasonable running costs.

Overall, a used Fiat can offer a stylish and economical driving experience with practical features and good fuel efficiency. By doing thorough research and inspections, you can find a high-quality used Fiat that meets your needs and provides lasting satisfaction.

Buying a used Fiat with HP car finance

One of the ways to buy a used Fiat, 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 Fiat from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Fiat 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 Fiat 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 Fiat 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 Fiat 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 Fiat today: with HP car finance you can get a Fiat, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Fiat: cars are expensive, but are often an essential part of daily life. When you buy your Fiat 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 Fiat 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 Fiat 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 Fiat 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 Fiat 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 Fiat being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Fiat is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Fiat’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?

  • Icon Dealers Tick

  • Get a finance decision within minutes

  • Icon Dealers Tick

  • Complete the same day

  • Icon Dealers Tick

  • Enjoy world class customer service

  • Icon Dealers Tick

  • Work with a company built on values that put you first

AutoMoney Motor Finance is part of a family-owned company called Norfolk Capital Group. Our chairman built all his businesses on strong values, which we look for in every employee that works here.

Integrity

We expect employees to act with unyielding integrity when working with you. We know where our moral compass takes us and we follow it without compromise.

Service

We are here to serve you to the best of our ability, with a consistency you can benefit from time and again. We understand that great service is vital to mutual success.

Honesty

We expect employees to tell the truth and act honestly. We will admit to failings or shortcomings, fix anything we can and learn for the future. We always say it as it is.

Trust

We want you to know that you can trust the advice and products we offer on an unconditional basis.  We will work tirelessly to demonstrate your trust is well placed.

Openness and transparency

We will be open and transparent in all communication, to demonstrate to you that we are always doing the right things to help you.

Fairness

We will treat you fairly in all our dealings with you. We want the relationship you have with Commercial Trust to be rewarding.

Humility

We carry out our business in a humble manner. We will let the quality of what we do, the strength of our values and feedback from clients, like you, speak for us.

Equality

We treat everyone who works for and with us as equal, irrespective of age, gender, race or sexuality.

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:

Get started online

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.

↑