Personal Finance - I-DEAL

Fiat I-deal at Lipscomb

I-deal gives you freedom and flexibility and lets you keep your options open at the end of your agreement.

How I-deal works

With i-deal you put down a deposit at the start of the agreement.  You also set aside a proportion of your chosen cars value until the end of the agreement.

This amount is the Guaranteed Minimum Future Value for your Fiat.  It gives you the peace of mind that you know where you stand at the end of your agreement and it also means your monthly repayments are lower.

With i-deal, you can choose a repayment term anywhere from 20 to 42 months and you also select an appropriate annual mileage of between 5,000 and 25,000 miles.

Annual Mileage

When you're working out your annual mileage try and base it on what you have done in the past.  Make your allowance generous and then you can really enjoy the time you spend behind the wheel.

Going over your limit - If you do go over your agreed mileage then you will need to pay an excess mileage charge.  This is calculated on a pence-per-mile basis and will be shown on your finance quotation.

Going under your limit - If you cover fewer miles than you anticipate, your car might be worth more than originally estimated, which means that you might have some equity to put towards your next car.

Flexible Options

At the end of your i-deal 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.  You'll just need to make sure that you haven't gone over your agreed mileage and your car is in good condition.  Of course, we allow for the normal wear and tear of daily use.  It's in your interest to keep your car looking its best inside and out.
3. Keep the car - All you need to do is pay the outstanding amount (balloon payment) and you can keep the car.  You can choose to pay this with a loan which can be spread over 12 or 24 months.  All loans are subject to credit approval.

 For further information on Fiat I-deal at Lipscomb please contact a member of our sales team at Lipscomb Ashford and Maidstone or click here.