This plan is the same as conventional Hire Purchase with one key difference - there is a larger "balloon" payment deferred to the end of the agreement. This reduces the fixed regular payments. However, unlike Alfa Romeo Preferenza, the final balloon payment is not optional and the future value or your car is not guaranteed.
How it works:
Simply choose the car you wish to purhcase and decide your agreement term of between 12 and 48 months.
Then choose the amount of balloon payment that you will defer to the end of the agreement (subject to a maximum set by Alfa Romeo Financial Services).
The balloon payment and any deposit are deducted from the price of the car, You make regular payments based on the remaining balance plus the agreement interest.
At the end of the agreement, following the settlement of the balloon payment, you will own the car outright.