Representative Example: Cash price £11,000. Deposit £0. Total amount of credit £11,000. Borrowing £11,000 over 60 months at a fixed rate of interest of 19.8% p.a., with a first monthly payment of £290.40, followed by 58 monthly payments of £290.40 and a final payment of £489.40, including a £199 option to purchase fee. No admin fee payable. Total amount payable £17,623. 22.1% APR Representative.
The Abarth 595 Competizione is aimed at drivers who want the sharpest and most performance-focused version of the 595. It can feel more aggressive than the standard car, with firmer suspension, stronger brakes and sportier equipment on many used examples.
That extra performance can also mean higher running costs. Tyres, brakes, servicing and insurance should all be checked before applying for finance. A car with a strong service history and clear MOT record is usually a safer choice than one with missing paperwork or signs of hard use.
If insurance is a concern, our first-time driver insurance guide gives a useful overview of what can affect premiums. To understand the full finance cost, read our guide to what APR means in car finance.
For an AutoMoney Trust car finance application, you may be asked to provide proof of identity such as a valid UK driving licence or passport, proof of income such as recent payslips or bank statements, proof of address dated within the last three months, and details of the vehicle if you have already chosen one. Self-employed applicants may need to provide additional documentation such as SA302 forms or business accounts. Having these documents ready before applying helps speed up the decision and reduces back-and-forth requests.
Your loan term directly affects both your monthly payments and the total cost of borrowing. A longer term, such as 60 or 84 months, spreads the cost over more payments, lowering the monthly amount but increasing the total interest you pay across the agreement. A shorter term, such as 24 or 36 months, means higher monthly payments but a lower overall cost. AutoMoney Trust offers terms from 24 to 84 months, so you can balance monthly affordability against total cost. Use our finance calculator to compare different term lengths before applying.
On a Hire Purchase agreement with AutoMoney Trust, legal ownership of the car does not transfer until you have made all monthly payments and paid the £199 Option to Purchase Fee at the end of the term. Until that point, the vehicle remains the property of AutoMoney Trust, which means you cannot legally sell or modify the car without our agreement, and the car may be at risk if payments are missed. You are still responsible for tax, insurance, MOT, and maintenance throughout the agreement. Once the final fee is paid, ownership transfers and the car is fully yours.
When buying a car on finance, the total amount you repay is almost always higher than the vehicle's cash price because interest and fees are added across the agreement. For example, a £10,000 car on a 60-month agreement at a representative APR may cost several thousand pounds more in total once interest, the admin fee, and the Option to Purchase Fee are included. The longer your agreement term, the more interest typically accrues. Your APR, loan term, and any deposit all directly influence the total cost. Always check the total amount payable shown on your agreement. You can also use our finance calculator to compare example borrowing amounts and terms.
Fully comprehensive insurance is required throughout your finance agreement with AutoMoney Trust, because the vehicle legally belongs to us until your final payment is made. Comprehensive cover protects both you and the lender against damage, theft, fire, and accidents, ensuring the asset is protected for the full term. It is typically more expensive than third party or third party fire and theft cover, so factor this into your monthly running costs when budgeting. Many drivers also consider GAP insurance, which covers the difference between an insurance write-off payout and the outstanding finance balance.
Representative Example: You could borrow £10,699 over 60 months with an initial payment of £495.89 (including £199 Admin Fee) followed by 58 monthly payments of £296.89 with a final payment of £495.89 (including optional £199 Option to Purchase Fee). Total amount repayable will be £19,012,40. 26.1% APR, annual interest rate (fixed) 13.3%.
