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.
Choose any term between 20 and 24 months
For Advance Payment Plan, your annual mileage should be between 5,000 miles and 35,000 miles.
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.
If you have any questions, please contact Swansway Chester Fiat on 01244 752541, or please make an enquiry.