Whether you would like to take out a car loan, or think a FIAT lease is the best option for you, Fred Martin FIAT is here to work with you to find the best option. We have automotive financing experts on staff who can work you through all of our wide array of options to find the right one for your new 500, 500c or 500L. And we'll work just as hard for you if you are in the market for a used car instead.
If you are ready to get started on the process, fill out one of our contact forms online, which is the simplest way to get in touch with our finance or sales department. But, if you would prefer to speak in person, we are conveniently located in Barberton, and we proudly serve the entire surrounding Akron, Cleveland, Kent and Youngstown areas as well.
3261 Barber RoadBarberton, OH 44203
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.