Fiat offers 0% interest financing up to $30 million on select car models

Fiat is rolling out attractive financing deals for its vehicle range in July, offering customers the chance to purchase cars with 0% interest rates and extended payment terms. This initiative comes as the new car market experiences a downturn, with sales falling 9.9% in the first half of the year compared to the same period in 2023.

Financing remains a critical driver for the Argentine automotive market. Data from the Association of Automotive Dealerships of the Argentine Republic (Acara) shows that four out of ten vehicles sold in May were financed. Fiat stands out in this landscape, being the second-largest automaker in terms of financed sales, with 71% of its transactions utilizing credit plans. Only Peugeot, also part of the Stellantis Group, reported a higher percentage at 75%.

For specific models like the Fiat Cronos, Pulse, Fastback, and Toro, the company is providing financing of up to ARS 28 million at a 0% annual nominal rate (TNA) over a maximum of 18 months. Additionally, a UVA credit option is available for the entire range, allowing financing of up to ARS 30 million over 36 months, also at a 0% TNA.

These financing campaigns are designed to stimulate demand for Fiat vehicles. In July, the brand also implemented an average price increase of approximately 5% across its lineup, with the exception of the new Fiat 600 Hybrid, which maintained its June price. The company aims to offset the market's general slowdown by making its vehicles more accessible through these credit facilities.