Part of Evolution Funding, the UK’s largest motor finance and technology provider.
There’s a long list of reasons why the Fiat 500 has become one of the UK’s most recognisable small cars. Compact, city-friendly and unmistakably stylish, the little Italian motor offers an affordable way into car ownership without sacrificing personality or practicality.
Whether you’re looking for a reliable but modish drive for commuting through busy streets and parking in tight urban spaces or you’re buying your first car, the Fiat 500’s got serious appeal.
My Car Credit is an independent, online car finance broker that helps drivers secure Fiat 500 finance without the pressure of dealer-led offers.
We’ll help you find suitable Fiat 500 finance deals for your needs and circumstances. By comparing multiple lenders, we can support both new and used Fiat 500 finance, offering initial soft credit checks that allow you to check your eligibility without impacting your credit score. However, some lenders may perform a hard search on your credit profile should you progress.
From hire purchase (HP) to personal contract purchase (PCP) finance, My Car Credit’s process is simple, fast and fully online, putting you in control from the get-go.
Why the Fiat 500 on finance make sense
The Fiat 500 is a popular car in the UK for a number of reasons. For one, it’s relatively affordable to buy and economical to run. Additionally, it’s well-suited to everyday driving, especially for motorists in need of a speedy but chic car for nipping round city streets or commuting.
Compared to larger hatchbacks or SUVs, the Fiat 500 also has a lower entry price. In terms of Fiat 500 car finance, this translates to smaller deposits and more realistic monthly payments. It’s for this reason that the Fiat 500 is consistently popular with first-time buyers and drivers working within a defined monthly budget.
What’s more, the Fiat 500 also has pretty low running costs. This is thanks to good fuel efficiency, a reasonable insurance group, low road tax on many models and a respectable availability of parts and servicing.
Demand for used Fiat 500s also remains strong, helping values stay stable in the secondhand market. For buyers searching for used Fiat 500 finance, this can contribute to more favourable finance terms compared to vehicles that depreciate quickly.
Most importantly, Fiat 500 finance shifts the focus away from paying a high upfront cost. Instead, you can choose a model that fits comfortably within your monthly budget, making car ownership more predictable and less financially stressful.
Dealer offers vs independent Fiat 500 finance
If you’ve already been hunting for Fiat 500 finance deals, you may have come across manufacturer and dealership options. However, these are often limited in scope.
With Fiat 500 finance from a dealer, you may be limited to new or nearly new models, or be tied to specific stock or promotional periods. What’s more, because dealerships typically work with a small lender panel, your finance options can be restricted by those lenders’ narrow criteria. This means less flexibility for buyers with bad or limited credit. Not ideal for first-time or graduate motorists.
Independent finance works differently. As a broker, My Car Credit compares a wide panel of UK lenders rather than relying on one manufacturer or dealership. This means you’re not restricted to limited vehicle models or lender criteria. Your approval is based on your affordability (not just the car itself), and you have freedom to buy from any approved reputable UK dealer, too (subject to checks).
With all of this in mind, a broker-first approach to Fiat 500 car finance can better suit first-time buyers, applicants with non-perfect credit and anyone who wants to explore options without pressure.
Ways to finance a Fiat 500
At My Car Credit, there are two main types of Fiat 500 finance available: hire purchase (HP) and personal contract purchase (PCP). The most suitable agreement for you will depend on your priorities and circumstances.
Hire purchase (HP) for a Fiat 500
Hire purchase (HP) is an enduringly popular Fiat 500 finance option.
Simple and straightforward, with HP finance, you pay fixed monthly repayments (plus interest). Although a deposit may be required, it’s not essential, and you won’t face a final balloon payment either. Plus, once you’ve made all your HP payments in full, you’ll own the car outright.
As such, HP is a suitable finance option for drivers looking for long-term ownership, and is particularly popular with used Fiat 500 finance applicants.
PCP Finance on a Fiat 500
For drivers looking for Fiat 500 finance deals with more flexibility and lower monthly payments compared to HP, PCP can be an appropriate agreement.
With PCP Fiat 500 finance, you can choose whether to put down a deposit.
At the end of your term for a PCP agreement, you’ll have options. You won’t own the car unless you pay a final (optional) balloon payment (also known as the Guaranteed Future Value). This is set in advance with a PCP agreement, and is based on the assumed depreciation of the car over the term of your finance contract.
You can buy the car by paying this final amount or return the vehicle. You could also part exchange the car, too.
This is why PCP Fiat 500 finance works well for drivers who want newer models or like upgrading their vehicle every few years. It’s also suitable for motorists who want flexibility at the end of an agreement.
Be aware that because PCP rates are based partly on the car’s future value, it’s most commonly secured on newer or higher-spec Fiat 500s, including automatic or special edition models. And as with any finance agreement, you’ll pay interest and the car can be repossessed if repayments aren’t maintained.
Used Fiat 500 finance
One of the biggest advantages of choosing Fiat 500 finance through a broker like My Car Credit is access to the used market.
Used Fiat 500 finance offers lower purchase prices and slower depreciation. You’ll also benefit from a wider choice of trims, engines and years.
Plus, with My Car Credit, you can secure used Fiat 500 finance from any reputable approved UK dealer (subject to checks), not just franchised Fiat showrooms. This opens up far more choice and often better value, especially for buyers prioritising budget over brand-new registration plates.
It’s no surprise that used Fiat 500 finance is particularly popular with first-time buyers and motorists upgrading from older vehicles, as well as budget-led drivers who want a car with lower insurance, running costs and monthly finance payments.
Fiat 500 finance with bad or limited credit
If you’re worried about your credit history, you’re not alone. Many Fiat 500 buyers are younger drivers or first-time applicants who haven’t had time to build a strong credit profile.
At My Car Credit, we’ve got access to the largest panel of car finance lenders out of any UK broker. This enables us to put drivers with poor or limited credit profiles in contact with specialist lenders who’ll consider you on a case-by-case basis.
Decisions are based on affordability, not just your credit history. Plus, our initial soft credit search won’t impact your score, so you can establish your eligibility with less risk.
Having imperfect credit doesn’t automatically mean rejection. Lenders look at your current situation, including income stability and recent payment behaviour.
Practical steps that you can take to help your application include choosing a sensible monthly budget, providing proof of income, offering a small deposit where possible and showing stable recent financial behaviour.
Fiat 500 car finance is often well-suited to bad credit applicants because of the car’s affordability and low ongoing costs.
Find out how My Car Credit can help you secure Fiat 500 finance even if your credit score is less than perfect by filling out our online form.
Who is Fiat 500 finance ideal for?
Fiat 500 finance suits a wide range of drivers. That said, it’s especially popular with:
- First-time car buyers looking for a finance agreement with manageable monthly repayments
- City and urban drivers needing compact dimensions
- Drivers focused on low running costs
- Buyers upgrading from an older or less reliable car
- Customers who value predictable monthly payments
If your priority is affordability, ease of driving and flexibility in one stylish package, the Fiat 500 might be right for you.
Why choose My Car Credit for Fiat 500 finance?
My Car Credit isn’t a dealership. We’re an independent, FCA-regulated car finance broker focused on helping customers find finance that suits their circumstances and needs.
We aren’t tied to Fiat dealers or manufacturer incentives, granting you access to a wide panel of lenders that can improve your chances of car finance acceptance.
With us, you’ll benefit from a fast, digital-first application process, as well as the support of a UK-based expert team. We offer transparent terms with no hidden fees. With us, the rate you see is the rate you get, and we consistently receive strong customer reviews.
Our role is to help you secure Fiat 500 finance first, without having to choose a car upfront. That way, you can shop for your Fiat 500 with confidence and in full knowledge of the budget you’re working with.
A quick and hassle-free process
Get approved
Complete our online car finance application form for an instant answer on car finance. It's an initial soft search to apply.
Find a car
You can find a car first or apply for car finance and then look for a car – we don’t mind! Choose from any reputable car dealer.
Sign & Collect
Sign your paperwork online, from the comfort of your home. We’ll transfer funds next working day, ready for you to collect your car!
How to apply for Fiat 500 finance
Apply online & review your options
You’ll complete a short online application and see what finance options may be available to you with a soft credit check.
Choose a Fiat 500
Once approved for Fiat 500 finance, you can select the model that suits you. Don’t forget to check out our one-stop shop of quality, pre-approved new and nearly new vehicles, too.
Complete paperwork digitally
We’ll handle any final liaison with your lender, and once all parties are happy, help to coordinate vehicle collection or delivery with the dealer.
Apply for Fiat 500 finance today
With My Car Credit, you can start a no-obligation, soft search Fiat 500 finance application from the comfort of your own home. Explore your options and eligibility confidently without impacting your credit score via our online application form. You should note that lenders may use a hard credit search further down the line.
Take control of your budget, understand your options and move forward with your car finance knowing exactly where you stand. Apply online for Fiat 500 car finance with My Car Credit and take the next step towards vehicle ownership today.
Fiat 500 finance FAQs
Is the Fiat 500 a good choice for a first car on finance?
There’s a reason why Fiat 500 finance is consistently popular with first-time car buyers. Its affordability, low running costs and manageable size make it one of the most popular cars to finance for new drivers.
Are Fiat 500 running costs low when buying on finance?
A combination of fuel efficiency, good insurance groups, low road tax on many models and reasonable servicing costs mean that Fiat 500 running costs are typically lower compared to larger hatchbacks.
Can I finance an older or higher mileage Fiat 500?
The availability of used Fiat 500 finance on older or higher-mileage vehicles will depend on lender criteria and vehicle condition. That said, it’s more than possible to secure finance on an older Fiat 500 or one that’s racked up the miles.
Is finance available on both manual and automatic Fiat 500 models?
The availability of Fiat 500 automatic finance is subject to lender criteria, but both manual and automatic models can be financed through a broker like My Car Credit.
Does financing a Fiat 500 make sense compared to buying outright?
Fiat 500 finance can be suitable for motorists looking to spread the cost of a vehicle over monthly installments, without having to make a hefty upfront payment. Whether car finance is appropriate will vary on a driver-by-driver basis.
Can I change or upgrade my Fiat 500 at the end of the agreement?
PCP finance makes upgrading or changing vehicles at the end of an agreement term a more accessible and appropriate option compared to other motor finance types.
Is the Fiat 500 suitable for city driving and short journeys?
The Fiat 500 is a popular car with both city drivers and motorists making short journeys, thanks to the vehicle’s compact dimensions and easy handling.
Approachable car credit specialists
When you apply for car finance with My Car Credit, you will be looked after by your own Car Credit Specialist. They are experienced in handling poor credit car finance and will hold your hand throughout the process, ensuring your experience is hassle-free. They can also provide advice and guidance on how to improve your poor credit profile.
You can also get a FREE credit report from Experian.
Our team are known for their approachability and professionalism – they have helped lots of poor credit customers secure car finance to buy the car of their dreams. You can read some of our customer feedback below.
After a difficult divorce and losing my job I thought my credit file would never allow me to rebuild my life. I first called My Car Credit and told them my journey. I was encouraged to apply and told I would receive an answer quickly... so I did, the next day I was arranging to collect my dream car... Audi Sports Convertible. Onwards and upwards, THANK YOU!
Nicky
17th Oct 2019
Looking for car finance with a not-so-perfect credit score was a daunting thought. Then I found My Car Credit. All I can say is what a simple and easy process the online application is, no pressure sales at all, very patient with my questions, excellent service, which is few and far between these days. Only took 4 days from my application to have the funds paid out to the dealership, now the owner of a nearly new car. I couldn’t be happier, and the interest rate was far better than anticipated.
Matt R
24th Aug 2018
The application process was really easy. Identifying our car was quick, especially as we knew what we wanted and then the purchase process was seamless! Our advisor was really helpful throughout the process and now we have a new car for a price that is affordable even with our poor credit.
Chris MT
27th Sep 2018
I had an amazing experience with this company. After being refused elsewhere and feeling down, this company was like a breath of fresh air. The customer service was second to none. Got everything done promptly with no hassle. Definitely recommend.
Shahida
28th Sep 2019
Much more efficient and friendly than the main name competitors and found me a 25% lower rate. They also let you get on with your day to day without constantly hounding and calling like other companies, but at the same time still communicate effectively.
Rhys T
27th Feb 2019
Great company to deal with. Agreed finance even though my credit score was low, not through bad credit but through little credit.
Claire M
11th July 2019
Require more help?
Got a question you can’t find the answer to, or need some advice and guidance around taking out car finance? Our Car Credit Specialists are friendly, experienced, and here to help so get in touch today!
or call 01246 458 810