FCA Bank is a finance company that offers customized financial solutions as well as insurance services to meet the various needs of Fiat’s large customer base.
The services provided by the Autonomy Programme have been designed to make driving and travelling more comfortable and safer in any condition.
An innovative, revolutionary system which analyses the consumption and emissions of cars in real time, on the basis of driving style, and provides advice for reducing fuel consumption and CO2 emissions.
The Blue&Me™ system lets you communicate and keep yourself entertained in your car in complete safety and complete compliance with legal requirements, because you can use it without ever taking your hands off the wheel.
Where the innovation is born.
Fiat, Alfa Romeo, Lancia, Abarth and Jeep will be starring in the event from June 11 to 14. In addition to the motor show in Italy's first public park, an extraordinary selection of classic cars will be parading to the gardens of the Reggia di Venaria on Sunday.
On the occasion of the World Environment Day, FCA - the Official Global Partner of Expo Milano 2015 - is organising a round table on the topic of "The Environment: driving change and innovation". Speakers include experts from the environment and energy world and high-ranking academics. At this event, FCA is set to present its tablet and smartphone application dedicated to sustainability, the first in its kind for the automotive sector. It contains a fun game that measures the owner's responsible use of our planet's resources.
ABSABS stands for 'anti-lock braking system': it features a hydraulic control unit, four active sensors and four channels with EBD (Electronic Brakeforce Distribution).Back to top
Agreement periodHow long your finance plan runs for. Agreement periods vary and are clearly stated on your quote and finance agreements.Back to top
AirBag Smart 2This innovative restraint system protects passengers in a head-on impact by automatically adapting activation to the severity of the impact. Until now, airbags inflated simultaneously up to their maximum limit on impact, but with the AirBag Smart 2 they only activate the first of the two stages when impact is moderate. The bridles inside the bags guarantee that the maximum dimensions of the cushions are as non-invasive as possible for passengers. These sensors also control activation of the seat belt pre-tensioners.Back to top
Annual mileageNumber of miles you expect to drive in one year. With Fiat i-Deal, you choose a maximum annual mileage of between 5000 and 25,000 miles.Back to top
Approved repairersThese are typically a network of garages whose work and charging structures have been scrutinised and found to be satisfactory by your insurance company. If you are involved in an accident, check your policy documents to see how to find a list of approved repairers, or contact your insurance company for a list of authorised repairers in your area.Back to top
Annual Percentage Rate (APR)The APR is a measure of how much a given loan will cost you in interest over a calendar year. The figure for the APR takes into account all of the costs associated with the loan, and standardises the way the rate is expressed. It’s the expression of the interest rate paid on the loan.When APR figures are quoted on promotional material, they will be accompanied by the term 'typical APR'. This is because stating the APR is a legal requirement, and the rate stated must be that which is offered to at least two thirds of the loan applicants that get approved for that loan, hence making it the ‘typical’ rate offered.You will see the APR changing if you alter the dial controls because elements such as the price, deposit, and the length of your agreement all have an effect on the APR.Back to top
Anti-Slip Regulation (ASR)ASR actually stands for ‘Anti Schlupf Regelung’ but we call it Anti-Slip Regulation (you may know it as ‘traction control’).Basically, ASR prevents wheels from spinning when pulling away. It also prevents aquaplaning on wet surfaces and enhances overall stability on bumpy surfaces, through tight bends where the inside wheel tends to spin, and on localised patches of oil or other substances that affect just one or two drive wheels.Back to top
Balloon paymentA balloon payment always comes at the end of a finance contract like Fiat i-Deal. It is the amount you have to pay if you wish to buy and keep the vehicle that you have taken out a contract on.Back to top
Brake Horse Power (BHP)The useable power of a car measured at the output shaft (usually the crankshaft).Back to top
Benefit in Kind (BIK)Benefit in Kind is the figure provided to the customer to assist them in their reporting to the tax office and is used to assess the amount of tax a driver will pay as a result of having a company car.Back to top
Blue&Me™Our exclusive hands-free entertainment and communication technology lets you make calls and play music without taking your hands off the wheel. Developed with Microsoft, this sophisticated voice-controlled system reads out your text messages, dials numbers, and finds and plays tracks for you.Back to top
Car loanA car loan is an amount of money lent to you so that you can purchase a car.Back to top
Car taxCar tax, formally known as Vehicle Excise Duty (VED), is a tax for motorists. For vehicles registered before March 2001, it is £180 a year for private vehicles (e.g. light vans, cars and taxis). A reduced rate is payable for cars with a smaller engine size. The tax payable on vehicles registered after March 2001 is based on a 7-band scale linked to carbon dioxide emissions. The DVLA Rates of Vehicle Excise Duty shows the range of rates payable. The Vehicle Certification Agency has a calculator that enables you to work out which band your vehicle falls into.Back to top
City carA small, nippy car designed for life in modern urban environments. Smaller than a supermini, it’s typically easy to park, with low fuel consumption and a low insurance band. The Fiat Panda and Panda 100HP are city cars.Back to top
Carbon dioxide (CO2)The amount of CO2 a car emits in g/km is used to calculate how much company car tax you will pay and what car tax it attracts.Back to top
Contract hireA way for a company to finance vehicles. A company hires vehicles from a provider such as Fiat for a specified period, making regular monthly rental payments. The rental can include all maintenance costs (e.g. tyres, exhausts and batteries) as well as AA cover and car tax for the duration of the contract. The leasing company retains ownership responsibility for the associated risks, and at the end of the contract the vehicles are returned to them.Back to top
Contract purchaseA way for a company to finance vehicles. A company hires vehicles from a provider for a specified period, making regular monthly payments. The difference from contract hire is that the company or driver can purchase the car at the end of the contract for a pre-agreed amount (balloon figure), as long as the terms of the agreement have been fulfilled. This method is usually on the balance sheet.Back to top
Cost to changeThis is the amount it will cost you to change your car. It’s the difference in price between the current value of the car you have now and the car you want.Back to top
Courtesy carIf your car is off the road following an accident, your insurer may provide you with a car to use – free of charge – until your own car is repaired. There is likely to be an extra cost if you take third party cover.Back to top
Central Processing Unit (CPU)This is the computer within the car that controls the electronics, telematics and communications systems.Back to top
Credit agreementIf you sign a credit agreement between you and the lender of the credit to buy the car you want, this means you have agreed to borrow money from them and also to make regular payments to them to repay the loan in full.Back to top
DepositThis is the amount of money that you pay off the price of the car before you start making your monthly payments. It’s a contribution by the buyer to the purchase price.Back to topDepreciationThis is what happens to your car’s value over time. A variety of factors can affect your car’s depreciation: not just the make and model, but also things like accessories, optional extras, mileage, and the way you maintain your vehicle.Back to top Double Overhead Camshaft (DOHC)This refers to an engine with two overhead camshafts.Back to top Dualdrive™Our unique power steering, which you can adjust to suit the situation. ‘City’ lets you squeeze into the smallest parking spaces with fingertip control, while ‘Normal’ takes the stress out of traffic jams.Back to top DualogicDualogic is a clutchless manual gearbox that allows you to shift gears simply by moving a lever forwards and backwards when in ‘manual’ mode. When you switch to ‘automatic’, the car makes all the gear changes for you. This makes frequent gear changes (as when driving in the city) less tiring, because you don’t have to use a clutch pedal.Back to top
eco:DriveIt is a revolutionary new system that performs the actual analysis of car's fuel consumption and emissions, depending on the driving style, and provides tips to reduce the fuel consumption and the CO2 emissions.It works with a downloadable software on a USB stick that you can insert it into the Blue & Me™ plug of your car. At the end of the journey, you can connect the stick to your computer to look performance and get advice.Back to top
Electronic Brakeforce Distribution (EBD)This splits the braking force between the car’s four wheels to prevent them locking, ensuring total control of the car in all conditions.Back to top Electronic On-Board Diagnostics (EOBD)This system detects a failure or reading that was out of range in a sensor circuit or other monitored component.Back to top Enhanced Other Networks (EON)EON allows you to receive traffic information from other radio stations while listening to the radio or CD player.Back to top EquityEquity is the value of your financial interest in a vehicle, calculated by subtracting the amount of the loan you have yet to pay off from the overall value of your car. If the actual value of your car exceeds the car’s Guaranteed Minimum Future Value (GMFV), the extra money is equity that can be used as a deposit on your next car.Back to top ErgonomicsThe applied science of designing objects, including cars, to improve efficiency, comfort and safety – from bodywork and door handles to seats and dashboard.Back to top Electronic Stability Programme (ESP)This includes Anti-Slip Regulation (ASR), MSR, Hydraulic Brake Assist (HBA) and Hill Holder.Back to top Euro NCAPThe European New Car Assessment Programme is a realistic and independent review of a vehicle’s safety.Back to top Emergency Valve Assistance (EVA)EVA is a mechanical system that helps you brake fully in an emergency.Back to top
Family carThis is the car that can seat a family comfortably, as well as carry their shopping, luggage and pushchairs – whatever they take with them. A family car has five doors to make getting kids in and out easier. The Grande Punto 5-door, Bravo, Multipla and new Doblò are all family cars.Back to top Finance leasingFinance leasing is a flexible, tax-efficient way for your business to acquire the assets it needs without using up valuable cash reserves. You may benefit from some value at the end of your agreement term.Back to top Finance rentalThis is the financial part of your service rental agreement. For contract hire, it includes road tax and AA cover.Back to top Fixed interest rateThis is when the rate of interest you pay on a personal loan is fixed at the time you borrow money. The main advantage of a loan with a fixed interest rate is that you know exactly how much you’ll be repaying each month, and that this will remain the same for the life of the loan. All Fiat Financial Services loans feature a fixed interest rate.Back to top Follow Me Home headlightsThis technology keeps the headlights on for a short period of time after you get out of the car.Back to top Formal extensionWhen a customer wants to extend their contract by three months or more (also known as the ‘secondary period’).Back to top Fire Prevention System (FPS)The FPS is activated if your Fiat is involved in a crash. It comprises an inertia switch to lock the petrol pump, a valve to stop the flow of fuel to the engine, an aluminium heat shield on the under-body, a fuel cap valve to prevent leakage in rollovers, flame-resistant cabin upholstery, and a highly flame-resistant fuel tank.Back to top
Guaranteed Asset Protection (GAP)With GAP insurance, if your car is written off you can cover the difference between what the insurance company will pay out on the car and the amount you owe the loan issuer.For example, if you still owe £1000 on the written-off car and the insurance company values it (and pays out at) £500, then not only are you £500 out of pocket, but you also no longer have a car. GAP insurance would ensure you are covered for the remaining £500.Back to top
Hydraulic Brake Assist (HBA)HBA recognises emergency and panic braking, and optimises braking power: part of the ESP package.Back to top Hill HolderThis innovative system helps you to avoid rolling downhill during hill starts. Sensors detect that the car is on a gradient and activate Hill Holder as soon as first gear is selected. It keeps the brakes on for 1.5 seconds after you release the brake pedal, so you can pull away safely and smoothly. It also works when reversing uphill, but does not work downhill.Back to top Hot hatchA high-performance hatchback car: it usually has a more powerful engine, improved suspension and sporty looks to match. The Fiat Panda 100HP, Grande Punto and Bravo are our beautiful hot hatches.Back to top Hire purchase (HP)HP is a loan linked to a specific purchase such as a car. It’s a way of using the item before payment is completed: once you sign the agreement you can drive the car away the same day. A HP contract involves an initial deposit or down payment. You then 'hire' the car you are buying for a fixed period, during which you pay for it in monthly instalments, plus interest. The car is yours to ‘purchase’ at the end of the agreement. As the purchaser, you won't own whatever you're buying on HP until you complete the payments. Back to top Hire Purchase Information (HPI)HPI provides a search facility of the database maintained by HPI Limited. This search will report, among other results, whether a vehicle is subject to any interests of another party, usually another financial services provider.Back to top
In Car Entertainment (ICE)ICE is the collective name for entertainment within a car – anything from a radio or TV to satellite navigation.Back to top i-DealThis affordable and flexible way of buying a car is perfect if you don’t have a large deposit. Monthly repayments are kept low, because there’s a final lump sum payment at the end of your agreement. With i-Deal you always get a guaranteed future value on your car, so you are protected from the fluctuating trends of the car market.Back to top Informal extensionWhen a customer wants to extend their contract for a short period, but doesn’t want to be tied to a formal extension.Back to top ISOFIXThese are mountings that ensure the safe and easy installation of child seats. The bracket sizes and settings are in accordance with European standards so that the seat can be used on any other vehicle.Back to top
UniJet Turbo Diesel (JTD)JTD are our second-generation diesel engines.Back to top
Lease purchaseLease purchase is a way of financing a vehicle where its estimated future value and the lease period are based on the proposed annual mileage (an alternative to hire purchase).Back to top Light Emitting Diode (LED)A small light about the size of a matchstick head used within the electrics of cars. For example, there is an LED in door lock buttons, and it may also appear behind a dashboard to illuminate information.Back to top Left Hand Drive (LHD)LHD indicates the car has its steering wheel on the left side (common across Europe).Back to top
MacPhersonMacPherson is a type of strut suspension system used in most modern vehicles. It is usually found at the front, where it provides a steering pivot and wheel mounting suspension.Back to top MaintenanceThis is offered with contract and personal contract hire, and includes routine servicing (at recommended intervals), mechanical repairs and replacement parts (e.g. tyres, batteries and exhausts).Back to top Manufacturer’s list priceThis is the list of our basic prices for our cars, excluding options and VAT.Back to top Minimum Guaranteed Future Value (MGFV)MGFV is the guaranteed minimum amount that your car will be worth at the end of your financial agreement. It’s also known as the Guaranteed Future Residual Value (GFRV).Back to top Multi-Purpose Vehicle (MPV)Often called a people carrier, an MPV can carry up to seven people. It’s taller than a family car, so getting passengers in and out is easier and it has more headroom inside. The Fiat new Doblò and Multipla are both MPVs.Back to top Motor Schleppmoment Regelung (MSR)MSR is part of the ESP package: it prevents wheels from locking if you change down suddenly. It acts in the opposite way from ASR, by opening the throttle valve and providing power again.Back to top MultiJetOur award-winning diesel engines that deliver exceptional performance with incredibly low fuel consumption.Back to top
Negative equityNegative equity means the amount of money you owe on a car is more than the car is worth. This can happen if you borrow more than the value of the car at the start of the agreement or if you don’t put down any deposit and/or take the finance out over a long period. Even if you sell the car on, you will still be left owing the money on the loan that you can’t cover with the sale of the car. GAP insurance will help protect against negative equity in the event of your vehicle being written off.Back to top
On the road (OTR) priceThe total OTR price includes VAT, number plates, Vehicle Registration Fee (VRF), 12 months’ Road Fund Licence (RFL) and manufacturer’s warranty.Back to top
Part exchangePart exchange is the term used when you put your own car down as a payment towards a new car that you want to buy.Back to top Payment protection insurancePayment protection is the insurance cover that enables you to meet your monthly repayments if, for example, you were to lose your job or become incapable of working through sickness. It also enables others to pay off your loan in the event of your death.Back to top Personal Contract Hire (PCH)Also known as personal leasing, PCH is a long-term rental agreement. Essentially, you only make monthly payments on part of the car’s value, and at the end of the contract you return the car without any further obligations. You have the option to pay the remainder and own the car, just as in a personal contract purchase. We call this product Fiat Incluso.Back to top Personal Contract Purchase (PCP)PCP involves an initial deposit and then a series of monthly payments. There is also an agreement made at the beginning of what the car will be worth at the end of the contract: the Minimum Guaranteed Future Value (MGFV). The monthly payments are the cost of the vehicle after the MGFV and the value of your deposit have been deducted. At the end of your PCP, you can either pay off the MGFV and take ownership of the vehicle or hand it back. There may be restrictions on your annual mileage and you are expected to maintain the car to a high standard. We call this product Fiat i-Deal. Back to top
Residual riskResidual risk refers to the likelihood that your vehicle will not fetch as much money as you hoped when you sell it in the future. Residual risk can be passed on to the finance company, depending on your contract. You can protect yourself against this with a Personal Contract Purchase (PCP) or Personal Contract Hire (PCH) agreement.Back to top Return to Invoice (RTI)It’s not nice to have a car stolen or written off. But if this happens, RTI protection covers the shortfall between what the insurance company will pay out on your Fiat and the amount you owe the loan issuer, up to a maximum of £15,000.Back to top Right Hand Drive (RHD)RHD indicates the car has the steering wheel on the right (the UK standard).Back to top Road Fund LicenceRoad Fund Licence or car tax confirms that Vehicle Excise Duty (VED) for the vehicle has been paid. VED is determined by CO2 emission levels and fuel type.Back to top Revolutions per minute (RPM)This is the rate of revolutions of an engine.Back to top
Sale and leasebackSale and leaseback is a good way for a company that owns a fleet of cars to increase its available cash. The fleet is purchased from the company in question at proper market value (the ‘sale’ part), and the company then hires back (the ‘leaseback’ part) the fleet via whatever funding scheme it sees fit. With sale and leaseback, depreciation is put onto the buyer of the fleet, and the company gets instant cash.Back to top Sales Agency AgreementThis comes as an option with contract purchase agreements and allows customers to exercise their options at the end of the agreement. If the option is not taken out at the beginning of the agreement, you’ll have to pay the balloon payment and keep the car.Back to top Secondary rentalSecondary rental is when your Finance Lease Agreement has ended, but you decide you want to extend the agreement on the same car.Back to top Service rentalThis is the service part of your Financial Rental agreement and it covers the maintenance, relief vehicle, and breakdown services where selected. With contract purchase, the service rental also includes the charge for the Road Fund Licence.Back to top ShortfallThis is the difference between the amount your motor insurer will pay out and the outstanding balance of your finance agreement, in the event of an accident or vehicle write-off. You can be protected financially from losing your shortfall with Guaranteed Asset Protection (GAP) insurance. Back to top SkyDomeIn seconds, our SkyDome dynamic sunroof opens fully at the touch of a button, with a tempered, tinted glass panel that slides smoothly back on aluminium rails over a fixed rear glass panel.Back to top SMRThis is an abbreviation for Service, Maintenance and Repair.Back to top Single Overhead Camshaft (SOHC)The SOHC has only one camshaft per header, making it more cost effective than dual overhead camshafts.Back to top SpeedGearSix-speed shift with sequential engagement or a fully power-assisted gearbox: lets you choose either manual or automatic with the flick of your wrist.Back to top StarJetStarJet are petrol engines that feature swirl turbulence air-induction engineering. This helps the engine re-use a proportion of the exhaust gases, reducing emissions and making it incredibly fuel-efficient.Back to top SuperminiA supermini is bigger than a city car but smaller than a family car. It can typically seat four adults comfortably and has three or five doors. The Fiat Punto 3-door and Punto 5-door are superminis.Back to top Sports Utility Vehicle (SUV)An SUV is a car with great towing ability that can be used off-road. Most have four-wheel drive to make driving across uneven terrain safe and easy. The Panda 4x4 is an SUV.Back to top
Traction Control System (TCS)TCS works by reducing or ‘softening’ engine power, by sensing wheel spin and taking the appropriate action (same as ASR).Back to top T-JetThis is Fiat’s family of turbocharged petrol engines. They offer outstanding performance, and have a prompt accelerator response, low fuel consumption, and low emissions.Back to top
Whole-life costsThese are some (or all) of the expenses likely to be incurred by the car owner. Some of these are quite obvious, like depreciation, servicing costs and fuel. Other expenses, such as funding costs or insurance, are however often forgotten. Back to top