Fiat Punto Finance Comparison Online

Fiat Punto Finance

Compare fiat Punto finance options from across the UK market

Whether you are looking to finance a Fiat Punto or a Fiat Panda or any other Fiat model for that matter, Quotezone.co.uk has you covered. 

That’s why Quotezone.co.uk has teamed up with Magnitude Finance, to take all the hassle out of finding the right finance deal for your new Fiat. Who are Magnitude Finance?  They are a UK business that has been helping people get the cars of their dreams for over 30 years and have arranged over £500 million of loans each year. No matter what deal you are searching for, we are here to help you with your car finance comparison.

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The Fiat Punto is a simplistic, well built car with good driving qualities. If you are wanting to finance one of these cars here are the following things to consider.

How much is Fiat Punto finance?

There are various factors that will determine the total cost of you Fiat Punto finance plan. These include things such as your credit score, loan term, down payment and the lender themselves. Below is a breakdown of the main factors which determine the cost of financing a Fiat Punto.

• Credit score – If you have a credit score that is too low you may ultimately be rejected from getting finance. As a general rule, the lower your credit score the more risky lenders will view your application. As a result of this you can expect to pay more in interest as lenders try and cover the risk of your lower credit score. Alternatively if you have a higher credit score you’ll be able to secure cheaper interest rates as you’ll be viewed as less risky to lend to.
• Loan term – The length of your loan term will impact how much you ultimately pay on Fiat finance as longer terms typically have higher interest rates.
• Down payment – By paying a larger down payment you reduce the amount you need to borrow which also reduces the total amount you pay on interest.
• Lender – Each lender will offer their own interest rates for financing a Fiat, some lenders will run deals and promotions on their finance offerings so you should always compare multiple lenders to find the best Fiat finance.
• Economic situation – Interest rates fluctuate with the economy and lenders will make adjustments to their offerings and products dependent on the base interest rate. Because of this the timing of when you decide to finance a Fiat is something you’ll need to consider.
• The car itself – The age, model and overall condition of your car will be a big factor in how much you pay for your Fiat finance. Older cars typically have lower interest charges whilst newer more expensive models tend to have higher rates.

The type of finance plan you decide to take out for your Fiat Punto is also another factor in how much you’ll pay, so do your research and compare multiple lenders before making a decision.

How can I finance a Fiat Punto?

The types of car finance options common in the UK are as follows:

• Hire Purchase (HP) – With hire purchase you’ll make regular payments over a typical fixed period of 1 to 5 years or 12 to 60 months. With this finance option, the owner of the Fiat will be the financer until such time as the final payment is made and ownership is transferred to the borrower. Therefore if you miss payments, you could lose the car.
• Personal Contract Purchase (PCP) – This popular method of finance involves you making regular repayments over a fixed period of time but instead of buying the Fiat you are essentially renting it. You will have the option to purchase the Fiat for the remaining amount after the end of the fixed period or simply return it to the lender.
• Personal Loans – This type of finance involves you borrowing a lump sum of cash for the purchase of a car and then you will make regular payments over the fixed term until the loan is repaid. 
• Lease – A lease works in a similar way to PCP where you essentially rent a car for a fixed period of time whilst making regular payments. After the end of the lease you’ll return the car to the financer.

The best thing to do is to compare multiple lenders in order to ensure you get best deal for your Fiat finance

How can I get cheap Fiat Punto finance?

Here are some pointers on how you can get cheaper Fiat finance.

• Put down a larger down payment – Whilst 10% is the standard down payment for many financing options, electing to pay a higher amount such as 20% will reduce the total amount you need to borrow for your Fiat. This will reduce the total amount you end up paying on interest in the long run.
• Always hunt around for the best rates – This may seem obvious but many borrowers forget to do it, meaning they run the risk of missing out on great deals.
• Consider a shorter term loan – Generally speaking the longer your term the greater the amount of interest you’ll end up paying over time. To reduce the amount of time you spend paying interest, opting for a shorter term loan is a good option.
• Improve and maintain your credit score – This will take time however having a good credit score and maintaining it will help you save money in the long run on your finance options.