Buying second hand on finance from fiat dealership

stomachstaple

Hi
I' plan to buy 3 year old arbarth fiat tomorrow from a fiat dealership. It costs 11000. I plan on putting down 4000 deposit which will mean payments of 115 a month for 4 years if I get I to lease I will have the option to buy. It will only be another 1000 or so left to pay so I plan on paying that at the end of the 4 years. I have never bought a car for this much money or from a dealership. Is there any advice members could give as to what to look out for regarding paperwork etc, how to get a reduced price or extras? Any advice gratefully accepted I'm a complete novice at this and worry about being seen coming so to speak
Thanks ...

forgotmyname

Check the figures BEFORE you sign. What APR are they giving you? Can you get a loan cheaper?
Are you sure the final fee is only £1000? Your a few thousand short before adding interest.

See what price other dealers have similar cars for.

Finance on a cars thats going to be 7 years old is a bit much in my opinion.

As its a used car what extras do you want? A full tank of fuel?

worried_jim

Just get a loan for £7k and buy the car- unless they can do cheaper apr.

Hintza

Which Arbarth? That price looks awfully high.

LandyAndy

Is it this one?


http://www.autotrader.co.uk/classified/advert/201403282877607/sort/default/usedcars/make/fiat/keywords/abarth/onesearchad/used%2Cnearlynew%2Cnew/postcode/sp61ej/radius/1501/page/9?logcode=p


If it is, I wonder why it's done fewer that 8000 miles in three years?

Hintza

If it is the one above it can be bought for £10,200 new (by the looks)

http://www.iangrieve.co.uk/Used-Car-Details/used-fiat-abarth-500-14-3-door-hatchback-hatchback-white-manual-petrol-ID_1680084604257264.aspx

LandyAndy

Hintza wrote: »

If it is the one above it can be bought for £10,200 new (by the looks)

http://www.iangrieve.co.uk/Used-Car-Details/used-fiat-abarth-500-14-3-door-hatchback-hatchback-white-manual-petrol-ID_1680084604257264.aspx

I clicked on the link at the bottom of your link and got this


http://www.iangrieve.co.uk/Used-Car-Details/used-fiat-abarth-500-14-t-jet-135-hatchback-white-pearlescent-manual-petrol-ID_1680084604306001.aspx


which is a 10 reg.


Did I miss something?

spacey2012

Do not take this the wrong way, but budget in for a lot of maintenance and I mean a lot, including clutch failures and very random electrical faults and at least one new coil pack a year.
As cars go, not the best choice, it will haemorrhage its value in the first two years so Gap insurance a must.

jm2926

spacey2012 wrote: »

Do not take this the wrong way, but budget in for a lot of maintenance and I mean a lot, including clutch failures and very random electrical faults and at least one new coil pack a year.

Really? I don't know anyone who has experienced that.

OP - if you have questions about Abarth's pop over here and ask the owners - http://www.abarthforum.co.uk/

Hintza

LandyAndy wrote: »

I clicked on the link at the bottom of your link and got this


http://www.iangrieve.co.uk/Used-Car-Details/used-fiat-abarth-500-14-t-jet-135-hatchback-white-pearlescent-manual-petrol-ID_1680084604306001.aspx


which is a 10 reg.


Did I miss something?

No my bad ............... . I will try again, there must be deal on them somewhere.

LandyAndy

spacey2012 wrote: »

Do not take this the wrong way, but budget in for a lot of maintenance and I mean a lot, including clutch failures and very random electrical faults and at least one new coil pack a year.
As cars go, not the best choice, it will haemorrhage its value in the first two years so Gap insurance a must.

It's already three years old?