Latest News: The new Abarth 695 70th Anniversario special edition was launched recently in Milan to celebrate 70 years since Abarth & C. was founded by Carlo Abarth (1908 - 1979). Only 1,949 units are being produced and the new limited edition was displayed for the first time at the 2019 Abarth Day, the largest European gathering of Abarth enthusiasts, hosted in the Milan Innovation District (MIND). The new Abarth 695 70th Anniversario is equipped with the new “Spoiler ad Assetto Variabile” to deliver improved grip and stability at high speeds and increases overall performance. The spoiler is manually adjustable, just like in races of old where it was not uncommon to see the pit mechanics adjust the spoiler to allow the driver to change the set-up of the car according to the track. It can be adjusted in 12 different positions between zero and 60 degrees. In the maximum setting, the spoiler increases the aerodynamic load by up to 42kg at a speed of 124mph. This delivers improved vehicle dynamics and stability at high speeds. The new “Spoiler ad Assetto Variabile" is a tribute to the founder's performance focus, which went beyond the quest for pure power, top speed and acceleration, focusing on the search and development of innovative technical solutions. It is precisely this continuous research that made him one of the pioneers and visionaries in the field of tuning. The new Abarth 695 70th Anniversario was tested in the full-scale wind tunnel located in Orbassano, south of Turin, where Abarth tests all its vehicles. The facility was built in the seventies and has been continually updated to implement the latest technologies. This is the only wind tunnel in Italy, capable of allowing full-scale testing and high air speeds of up to 130mph. Outside, the new Abarth 695 70th Anniversario features some iconic style cues from the past and present, including the new Monza 1958 green livery, a tribute to the colour of the first 500 Abarth that set six international records at Monza. Campovolo grey details, including the “Spoiler ad Assetto Variabile”, body kit, front and rear DAMs and mirror caps, scorpion decals on the bonnet and the chequered sticker on the roof complete the look. The 17-inch SuperSport alloy wheels and red Brembo brake calipers are also standard. The Brembo brakes are fitted with four-piston aluminium calipers and 305mm discs at the front and 240mm discs at the rear, both self-ventilated. The Record Monza exhaust, limited slip differential and Xenon headlights all feature as standard. Five exterior colours are available, including the exclusive new Monza 1958 green, Circuit Grey, Gara White, Scorpione Black and Podium Blue. The glorious racing past of the brand is also referenced by the badges on the body in heritage font, featuring the vintage Scorpion emblem. Inside, the Abarth 695 70th Anniversario features exclusive "Sabelt Tricolore" seats, developed specifically for this special edition. Each of the 1,949 units will have a numbered plaque, making the 695 70th Anniversario an authentic collectable. The new 695 70th Anniversario is equipped with the 1.4-litre turbocharged petrol engine which delivers 180hp and 250Nm of torque at 3,000rpm, with a top speed of 139mph (with spoiler set to zero degree position) while accelerating from zero to 62mph in just 6.7 seconds. Uconnect™ 7-inch HD system with the DAB digital radio and navigation system, compatible with Apple CarPlay and Google Android AutoTM, are standard on the 695. The infotainment system has a high-definition screen and Abarth Telemetry, an integrated application created to measure performance. Completing the standard equipment are automatic climate control, daytime running lights, LED fog lights and specific mats. The new Abarth 695 70th Anniversario is available to order now priced from £29,695 OTR. See our latest offer here
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
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
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 a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance distribution activities only.