Cheap deals there.
If you play around with the finance part on the configurator, you can get the 4x4 down to nigh on zero interest.
The trekking config still doesn't work, but I'm sure you could do the same.

Very interesting. I managed to get it down to 1.7% APR (c.3,300 deposit and 24months term). Reducing the term and increasing the deposit seems to lower the rate, though it is easy to make it reset, when it hits a negative rate... Have you managed to get a lower rate?

I think 1.7apr is about the lowest you'll get. Fiat charge an option to purchase fee of £285 and I think this is included in the calculation. Hence negative interest at lower than 1.7 apr.
playing with annual mileage alters the interest rate too.

Try taking off the option to purchase fee from the total repaid and see what the difference is between cash price.

4x4Panda said:

Very interesting. I managed to get it down to 1.7% APR (c.3,300 deposit and 24months term). Reducing the term and increasing the deposit seems to lower the rate, though it is easy to make it reset, when it hits a negative rate... Have you managed to get a lower rate?

Click to expand...

Couldn't resist having a go at getting a lower rate

Tried this, fiat panda 4x4 ta no options
£2000 deposit,
25 months
17000 miles a year.

Result was 1.6 apr.
after taking off the £285 option to purchase it made the car £5 more than cash price.

I did a similar thing when buying my 500, and ended up with something like £28 over cash price ignoring the option to purchase fee.
Interestingly when I got a settlement figure last month they were rebating me something like £230 interest, so I suppose this must be a pro rata refund of the option to purchase fee too??

or:

fully loaded Trekking - £13,895

deposit £1,489.5
period 30 months
mileage 14kpa
Apr is 1.3%
...which again equates to little more than the option to purchase fee of £285.


If one is prepared to pay the ticket price, these are minimal finance costs for the benefit of spreading the cost of a new car over a reasonable period. I guess you could hold out for a discount on the forecourt price, however i doubt they'd combine this with low-rate finance.

It actually seems to good to be true...

4x4Panda said:

or:

fully loaded Trekking - £13,895

deposit £1,489.5
period 30 months
mileage 14kpa
Apr is 1.3%
...which again equates to little more than the option to purchase fee of £285.


If one is prepared to pay the ticket price, these are minimal finance costs for the benefit of spreading the cost of a new car over a reasonable period. I guess you could hold out for a discount on the forecourt price, however i doubt they'd combine this with low-rate finance.

It actually seems to good to be true...

Click to expand...

It's better than you think. You can combine the low rate finance with any discount negotiated.

If you want to,
give Marc a call at griffin mill fiat.
He knows all about the trekking and 4x4. See what deal he can put together for you.

http://www.griffinmill.co.uk/

deeyup said:

It's better than you think. You can combine the low rate finance with any discount negotiated.

If you want to,
give Marc a call at griffin mill fiat.
He knows all about the trekking and 4x4. See what deal he can put together for you.

http://www.griffinmill.co.uk/

Click to expand...

Lol, I had a flyer from them a couple of weeks back regarding the 500L; it had Marc's email address on it.

I would buy another car from Griffin Mill though, even though it's the best part of a 200 mile round trip. But now our little boy is one I think my days of buying another new car are well behind me...

So did Marc @ GriffinMill intimate discounts were indeed possible ?

I think the combination of the pretty good finance package and a discount would be enough for me.

davidc said:

So did Marc @ GriffinMill intimate discounts were indeed possible ?

I think the combination of the pretty good finance package and a discount would be enough for me.

Click to expand...

Of course discounts are possible. I don't even need to ask him. This is the car trade, and they all want to sell as many as possible. It's a numbers game after all.

Call him up, and say your friend from the fiat forum sent you his way and see what he can do for you. Maybe he'll bung me £50 note if you buy

It seems there is 0% finance on offer if you ask for it.

I.e. not even an option to purchase fee as talked about above...

I'm not 100% but I think the 0% finance would be Hire Purchase and would depend on the customer putting down a minimum deposit like 25%.

The other finance deals, which sound like i-Deal PCP, have abit of interest but the deposits required are often very low or even nil, so it just depends what sort of deposit you want to put in, whether you want to own the car until its paid off (HP) or have an option to change after as little as 2 years (PCP).

The January to March Fiat offers are decent across the board by look of it, and the Panda more so than some other models.

You may well be right. They've asked for a 3500 deposit which is effectively 25% of the basic price w/o any options.

So you need to have to take delivery of the car before end of march to qualify or just order by that time ?

That's the theory, but in practise I don't think it really matters.
It's all about quarterly sales figures, so they offer incentives. But if they can't deliver in time, you'll just go on the next quarters figures won't you?

When I ordered my Fiat last year it was during the 1st quarter deal, but the car didn't arrive until 2nd quarter, so it made no difference, they didn't say "too late" The same deal was carried on to the next quarter anyway.

I reckon the deals will only get better as time goes on anyway

I phoned them to confirm this before replying and its pretty much as deeyup says: the 0% will be honoured even if they deliver in April, just as long as your personal credit rating has not changed (for the worse) in that time.

As I did not actually get anything in writing from them on the day (how daft am I?), I have asked them to put it in the post!