I realise this post is tantamount to an advert but it does deserve a mention as a different way to buy an Abarth.

http://www.abarth-uk.com/inclusivo/



I have no connection with this dealer other than applaud the option

After a few set of tyres of spirited driving this would be a great offer.

Especially if you have an SS and need a 6000 miles service.

 

It doesn't say what the balloon is Gorrie because there isn't one.
Its a lease deal that includes everything you could ever need apart from fuel and insurance.
If you tot up the cost of servicing over 3 years, tyres, RFL and any costs you would have if your car was written off if you dont have GAP cover then you will see that it makes the deal very reasonable.
Its not for everyone but if you like a new car every 3 years then it makes sense

aren't the words ownership and buying a bit misleading, you don;t get to own the car.

and you need to do enough miles to make it worth while.
as you say john its a lease type purchase
and my personel prefference is a std finance package.

According to John above though...  you don't even have the option of paying the baloon payment with this.
It's not HP or a PCP ... purely a lease.  I'd agree with Lloyd if this is the case, very mis-leading on the BIG print...  you are not buying, you are leasing...  you never 'own' the car...  you are simply the hirer for 3 yrs.
 

I personally just don't see the value in this kind of deal (appreciate maybe other people can though).
Considering the mileage is limited to 10K p/a (unless you are happy to pay the excess)....  that equates to only 2 services... you may go through a couple of sets of tyres... & road tax for 3yrs....
Assuming the figures are on a base A500... that's over £14k to pay in just 3 yrs & never have the chance to own the car at the end...  or I assume even a GFV to use as a trade-in for your next deal...   

This product is an excellent tool for certain people and it is something that Vospers as an independent dealer need the highest praise for bringing to the market as FGA had failed to do so themselves and not before time as the brand has been around for 2 years now.

This is a product type that BMW have been using with the MINI brand very very successfully and with the maintenance built in and no residual concerns it tends to be for people who want the least hassle factor when owning a vehicle.

Here is the technical. This product is an Operating Lease it is not a Purchase Agreement.

Just to make it clear for everyone he is a quick technical overview of Retail Finance products for Vehicle Asset acquisition this is just a very quick summary and may not be 100% so you have been warned

Purchase Agreements
HP or Hire Purchase - Agreement where from a tax perspective the VAT is claimable (if a qualifying vehicle under HMRCE Rules) at point of supply and from an accounting perspective Capitalise the asset and depreciate from day one. The one important distinction with Vehicle Asset Purchase agreements such as HP is that until the OTP (Option To Purchase) fee is paid at the end of the agreement you do not have legal title. The other important factor with HP is that it is covered by CCA legislation.
LP or Lease Purchase - As above but not covered by CCA legislation so where you acquire the vehicle undera the legal person who is not an individual
CP,PCP or Contract Purchase or Personal Contract Purchase - As above but tend to have a 'balloon' sitting at the end and sometimes with VAT chargeable service elements which do not form part of the Capital funded element.

Lease Agreements
FL or Finance Lease - Where the Capital is payable under the agreement in full BUT as it is a lease the amounts are chargeable to Revenue in your accounts and VAT is claimable (if a qualifying vehicle under HMRCE Rules) when charged at each rental so the funder can recover the VAT in full at the start of the agreement and so it is not required to be funded. The important bit is that you have no title to the vehicle but you can act as an agent to sell the vehicle and the funder will allow you to keep a certain % of the sale proceeds. You would not hold as a fixed asset. The asset is depreciated in the books of the funder and capital aalowances taken there.
OL,CH or Operating Lease Contract Hire - This Where you are repaying the effective depreciation without paying the full capital only the interest thereon which decreases as it amortises down to the balance at the end. Again as with FL the asset you will not have title to without a diverse resale trail this is for tax reasons. The funder takes the risk on the RV hence why you get VRC (Vehicle Return Conditions) and why mileage is documented as that affects the RV value and maintence/service charges.