Finance Plans at Motorvogue
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Latest News: From the combination of two Italian greats in the fields of technology, innovation, care over detail and the quest for performance, the Abarth 695 Rivale is born, the special series conceived in partnership with Riva. This historical brand of the nautical world, which has always been synonymous with Italian elegance and style, contributed to creating the most sophisticated Abarth ever.  Available in a limited series of sedan and cabriolet versions, the Abarth 695 Rivale can be recognised by its exclusive livery: two-tone Riva Sera Blue and Shark Grey paintwork, embellished with an aquamarine double stripe that runs at waistline height, resembling the "beauty line" on yachts. The satin chrome finish on the door handles, the "695 Rivale" name on the tailgate and rear bumpers, the satin chrome moulding on the tailgate, which evokes the sophisticated shapes of a yacht, making this model even more unmistakable thanks to its aesthetic affinity with the side grilles on the new Riva yachts. So much charm comes from the usual quest for better performance through the constant technical upgrading that characterises every Abarth car: in fact, under the bonnet of the 695 Rivale, hides a 1368 cm3 engine, which guarantees a maximum power of 180 HP and a torque of 250 Nm. The power-to-weight ratio of the 695 Rivale is that of a real supercar (5.8 kg/HP with a mass of 1045 kg) and its performance is extraordinary: a maximum speed of 225 km/h and 6.7 seconds to accelerate from 0 to 100 km/h. It is, therefore, a car that can satisfy sophisticated customers looking for elegance, sophistication and performance. Together with the Abarth 695 Rivale, the 695 Rivale 175 Anniversary is also unveiled to celebrate 175 years of the Riva brand, which was founded in 1842. This "ultra-limited edition" accentuates the handcrafted finishes by adding customised elements, special wheel rims, celebratory logos and hand-finished blue and black leather front seats. 175 sedan and 175 cabriolet versions are available. A car for hot asphalt that comes from the water The aim of the 695 Rivale is to exceed Abarth's traditional values and embrace Riva's unmistakable charm to satisfy the need for exciting performance combined with a higher level of sophistication and elegance. Its style is inspired by the very new open Riva "56 Rivale", one of the most agile and efficient yachts ever built by the boatyard in Sarnico. Traits that it has in common with the 695 Rivale, which also borrows some of Riva's typical stylistic aspects to highlight the concept of elegance and character that sets it apart. In fact, the yacht and the car share some aesthetic elements, like Riva's characteristic grey livery and the satin chrome mouldings. Inside, the carbon fibre kick plates, blue leather seats and interior door panels, black mats with blue inserts and the carbon fibre or mahogany dashboard are variants available on request to give the car even more nautical look. Wood - the most natural of materials - is combined with most advanced technological solutions for a result of absolute excellence, just like on Riva yachts: the perfect combination of ultimate technology and expert craftsmanship. The mahogany variant allows you to embrace the Riva philosophy in greater depth: in addition to the dashboard strip, the special steering wheel is covered in blue and black leather with a mahogany badge, blue leather instrument panel cover and mahogany gear lever knob and kick plate. The technological content is also excellent: as standard there is UconnectTM infotainment with a 7" HD touch screen, ready for Apple CarPlay and Android Auto. There is also a hand-written numbered plate, which can be customised with the mane of your yacht on request: an original way of making the new Abarth 695 Rivale into a high performance land tender. Finally, the Abarth character is clearly visible in the Akrapovi? exhaust system with carbon tail pipes, in the Brembo brakes with black, 4-piston fixed callipers at the front, in the 17" Supersport alloy rims with special gloss grey finish and in the Abarth by Koni suspension with FSD (Frequency-Selective Damping) technology. Thanks to its unique features, the Abarth 695 Rivale is an Instant Classic, with everything needed to become part of the tight circle of the Abarth Register, which only includes the most exclusive cars with the technical or historical requirements to make them "collector's pieces". A tribute to Riva's 175 years Abarth and Riva share a rich history, and consistently work on their heritage to shape their future. The stories of Carlo Abarth and Carlo Riva are two great Italian stories, of two men who had a dream, and who made it into a legend. Both of them had the courage to push their thoughts beyond the usual mould, thereby giving the world cars and boats of absolute excellence that over time have become global icons. In 2017 Riva celebrates 175 years, a threshold that very few companies in the world can boast. To celebrate this special birthday, Abarth has come up with an ultra-limited production of the 695 Rivale, the 175 Anniversary: 175 sedans and 175 cabriolets. It is an edition to celebrate Italian know-how, with hand crafted details like the two-colour blue and black hand-stitched leather seats with a celebratory logo stitched onto the headrest, the carbon dashboard silk screen printed with the special logo, the special numbered plate inside and the celebratory badge on the outside of the pillar. The design of the 17" alloy rims is also special. To find out more, contact us today.

Finance Plans Explained at Motorvogue

From PCP to hire purchase, here's everything you need to know about financing your next car. 

Car finance might seem daunting, but in reality it's just a simple two-stage process.

The first stage is to decide on the type of car deal you want: loan, lease, hire purchase, or dealer finance. Then it's a simple matter of choosing the provider whose product best suits your needs.

Personal Contract Hire (PCH)

The word 'Hire' tells you what PCH is all about. Basically you're renting a car for (typically) two or three years, with an agreed mileage limit of (typically) 10,000 miles a year. There's no option to buy the car at the end of the contract; you just hand the keys back to the finance provider. In effect, your payments are only covering the car's depreciation.

While you're running it, you're responsible for the car's upkeep. On the plus side, the deposit is low (three or six months' rental is common), as are the fixed monthly repayments, and you can blunt the impact of repair bills by incorporating a maintenance element into the agreement. Check that a separate manufacturer servicing package won't be cheaper before you tick that box, however.

Cars that hold their value well are a good PCH option, because the difference in their new and three-year-old values will be smaller, so you'll repay a lower amount. Cars that plummet in value from new are a bad choice, because you'll repay a much larger amount.

Just as with PCP, you'll need to make sure the car is in good condition when you hand it back, or you could face additional fees as the finance firm cleans it up.

Go for PCH if you say yes to one or more of these statements:

You don't want to own a car, or suffer its depreciation
You like being able to change cars frequently
You like the idea of driving better cars than you could normally afford
You don't mind looking after cars

Personal Contract Purchase (PCP)

It's a bit like HP in that there's a deposit to pay, a fixed interest rate, and monthly repayments over a choice of lending terms, which are usually between 12 and 36 months.

Where PCP differs from HP is at the end of the term. Then you'll have three choices. You can:

  • Return the car to the supplier
  • Keep the car
  • Trade the car in against a replacement

The first option, returning the car, costs nothing, unless you've gone over an agreed mileage or failed to return it in good condition. In either case there'll be an excess to pay.

Keeping the car means making a final 'balloon' payment. This amount is the car's guaranteed future value, or GFV, which is set at the start of the agreement.

The GFV is based on various factors, including the length of the loan and the anticipated mileage as well as the car's projected retail value. If you exercise this final buying option, you can of course keep running the car, or you can sell it, pocketing any equity above the GFV that you've paid back to the lease company.

If you're trading the car in, any GFV equity can be used as a deposit towards the next one.

Just bear in mind that the GFV doesn't always contain a huge amount of equity at the end of the term - so when you're working out monthly costs, it's probably wise to factor in a few extra pounds per month that you can put away in preparation for the next deposit at the end of two or three years.

If the car has gone into negative equity – which can happen – you'll have to find all of that deposit if you want a further PCP. Shorter leases are more likely to come with more accurate GFVs and manufacturers are quite proactive in trying to get you out of a car early if they think there's scope to get you into a new one on a decent monthly rate; it's not uncommon dealers to call customers on three-year deals about a year early - because doing a new PCP keeps the buyer tied to that manufacturer for a further period of time.

Go for PCP if you say yes to one or more of these statements:

  • You want lower monthly repayments
  • You like the flexibility of options at the end of the agreement
  • You can confidently and accurately nominate your mileage

Hire Purchase

Under HP agreements, there's a deposit to pay – typically 10% – followed by fixed monthly payments. The car is owned by the HP company until the final payment – and any 'option to purchase' ownership-transfer fee – has been paid. Up to that point, the person making the payments has no legal right to sell the vehicle.

Nevertheless, some 'owners' do sell 'their' cars before the final payment. The good news for buyers of these 'non-paid-up' HP cars is that the law clearly protects private purchasers who buy without notice of any undischarged HP agreement.

No matter what the police or anyone else might tell you, you'll get a good title to the car if you buy an HP car under these circumstances. The finance company can take action against the seller if they wish, but it's not your problem.

The credit on an HP agreement is secured against the car, so it's like dealer finance in that the only the car can be seized in the event of a default. If you need to sell the car before the end of the agreement, you'll have to repay the outstanding debt first – and 'early settlement' fees may apply.

Go for HP if you say yes to one or more of these statements:

  • Eventual ownership is important to you
  • Your budget and circumstances suit fixed monthly repayments
  • Your disposable income is likely to decrease over the agreement term (eg if you're planning a family)
  • You like low-risk credit secured against the car only
  • You don't mind not owning the car until the debt is fully repaid
Motorvogue Bedford

Interchange Park, Bedford, MK42 7GB

TEL: 01234 867788

    


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Motorvogue Bedford
Motorvogue Northampton

74 Kingsthorpe Road, Northampton, NN2 6HE

TEL: 01604 714555

    


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Motorvogue Northampton
Motorvogue Clapham (Bedford)

87 High Street, Clapham, Bedfordshire, MK41 6AQ

TEL: 01234 354257

    


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Motorvogue Clapham
Motorvogue Kings Lynn

Scania Way, Hardwick Industrial Est, King's Lynn, Norfolk, PE30 4LP

TEL: 01553 772644

    


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Motorvogue King Lynn

CONSUMER CREDIT & GENERAL INSURANCE
Motorvogue (Northampton)Ltd is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Motorvogue (Northampton)Ltd to act as a credit broker, not as lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance mediation activities only.