NF500 / 500 Finance

Those clever bods with calculators (or crystal balls, or both) who predict future used car prices for the motor trade have altered and improved their estimations on the value of the Fiat 500 in three years.

The predicted residual values on some 500 models have increased from 42 per cent to 46 per cent of original list price. That equates to a positive adjustment of more than £350 on the car’s value on a typical three year/30,000 mile contract. For buyers funding the car through contract hire or personal contract purchase (PCP) that should reduce rentals by more than £20 per month.

As is often the case in the motor trade, the entry level model, the Fiat 500 1.2 Pop is rated as having the best residual value at 47 per cent after three years.

The residual value guides have reacted positively to the success of the 500 and have increased their used predictions accordingly. This is good news for those who have already bought one and it should help reduce monthly costs,

says Adam Pumfrey, fleet and remarketing director, Fiat Group Automobiles UK.

The 500 has also generated a great deal of interest from small and medium sized companies for test drives as it offers drivers a high profile company car that is low on fuel use and CO2 emissions.

Fiat are reportedly planning a range of finance packages linked to incrediby long warranties to ensure the new 500 is affordable to as many as possible when it goes on sale in the UK, following similar moves in the Italian and French markets.

In Italy, buyers of the new Cinquecento can chose any model with a mix of 100 accessories for five Euros a day, while in France the 500 is available for a 50% down payment with the remainder payable as a lump sum after two years. Buyers opting for either of these packages are also given a five-year, 500,000 kilometre warranty. Fiat is planning to bring similar schemes to the UK.

Also available will be roadside rescue packages, going so far as to help you if you run out of petrol or lose your keys! In addition collect-and-deliver servicing deals like those more commonly offered with higher-end cars are planned.

This is all according to What Car? who report Fiat claim the 500 is about individualism, not exclusivity, with UK prices possibly starting at around £9,000 for the basic model.

If you were concerned that as much as you love the new Fiat 500, it’s just outside of your grasp, or your planned budget has been blown out of the water after being tempted by the impressive array of options available, then Fiat may have come up with the answer.   Fiat have announced a series of unique finance, maintenance and support packages exclusive to the new Fiat 500.  Details are given below:

‘500 cents’ and ‘50to500’: innovative solutions from Fiat Group Automobiles Financial Services

In perfect harmony with the many ways of customising the new model, Fiat Group Automobiles Financial Services has developed two innovative solutions that also underline the strategic nature of the Financial Services, and its role of captive finance company.

For Fiat Group Automobiles, ‘500’ is both a name and a brand, and the two formulae offered by Financial Services are based on this principle: ‘500 cents’ is the ideal product for the customer who purchases with a loan, while a motorist who usually uses cash, will be able to try out the new ‘50to500’ financial formula.

The new products were designed with the ‘advantages for the customer’ firmly in mind, and the loans include ‘additional services’ offered by Parts&Services, a Fiat Group Automobiles company that specialises in after-sales services and loyalty programmes.

Both financial products include a 5 year/500,000 km warranty and the ‘500 Free’ package at a discount price.

These two products will be available on all European markets, starting in Italy through Sava, and in France through Fiat Crédit, namely in the first two markets where the Fiat 500 will be launched.
With ‘500 cents’ the customer can customise his car with over 500,000 variants but the instalment remains the same: ¤ 5 a day to buy any version, engine, option or accessory. In Italy the Sava proposal is based on instalment payments (even with no down payment) varying in length up to a maximum of 5 years. In France on the other hand, the Fiat Crédit proposal is based on a leasing agreement with a final repurchase value.

With ‘50to500’ the customer collects the car, paying just 50% immediately, and the remaining 50% after two years, with no intermediate instalments (in Italy this is an instalment agreement with a large final instalment, while in France it is a leasing agreement).

The concepts of the two proposals took their inspiration from the positioning of the new 500: extreme customisation to reflect one’s own personality. It is the concept of ‘mass exclusiveness’, a car for the people that should be accessible to everyone.

‘500 Free’ from Fiat Group Automobiles Parts & Services

Fiat Group Automobiles Parts & Services has developed ‘500 Free’ for the new car, an exclusive package whose very name evokes a sense of freedom. In fact, the customer does not have to worry about anything: a mobile workshop will be at his disposal 24 hours a day to guarantee complete roadside service, even if he runs out of petrol or fills up with the wrong fuel, has a puncture, a flat battery or forgets his keys; and when it is time for periodical maintenance, the car collection service will pick the car up from his home, and his mobility will be guaranteed by the reimbursement of any taxi fares (bonus up to ¤ 50). To use the service the customer only has to call a freephone number. ‘500 Free’ will be available on all European markets for the customers who choose it, and will be included in the range of financial solutions dedicated specifically to the Fiat 500.