The Best Abarth 124 Spider To Lease Is:
Honestly, none of them. If I had a gun to my head, and I absolutely had to buy or lease an Abarth 124 Spider, I could only recommend the 1.4 T Multiair 2dr; the most basic model in the line-up.
We gave it a 6.1 / 10 in terms of value for money compared with other models in the range.
Even at its cheapest point, on a 2 year lease, it makes absolutely no economic or financial sense to lease this vehicle. I can only advise that you finance the car in another manner, such as PCP (Personal Contract Purchase) or HP (Hire Purchase). The only reason you should consider this car is if you want a 2-seater Abarth and no other car ticks that box.
So if you are searching for Abarth 124 Spider leasing deals, this is the best one to go for, but I wouldn’t advise that you do.
See below for a detailed breakdown:
Car Leasing Guru Score
I’ve included the definition for the category the Abarth 124 sits in, as it got a 6.0 overall.
6.0 to 6.9:
Okay – Much like vehicles that sit in the 7.0 to 7.9 range, there are better vehicles to pick than these ones. We’d recommend looking at other models in the range to see if you can get a better price. Oftentimes you’ll find something with more specification and actually pay less…
- Hyundai I40 Saloon – 1.6 GDi Blue Drive SE Nav 4dr (Score: 6.7)
- Jeep Wrangler Hard Top – 2.0 GME Sahara 2dr Auto8 (Score: 6.8)
- Mazda 6 Saloon – 2.0 SE-L Nav+ 4dr (Score: 6.1)
- Suzuki Jimny Estate – 1.5 SZ4 AllGrip 3dr (Score: 6.8)
See other scores here: https://www.carleasing.guru/car-leasing-guru-score/
I’d Prefer To Watch A Video!
Sure. Click the video below and I’ll talk you through it. If not, stick around and I’ll explain why I wouldn’t advise leasing an Alfa Romeo 124 Spider.
Value For Money
Zero! Harsh, I know.
There are two main models in the Abarth 124 range, the convertible Spider and the Spider GT (hard top).
Both models come with a manual or automatic gearbox, but the GT model comes with more specification as standard such as:
- Bose speak system
- carbon fibre roof
- front air dam
- adaptive lights
- auto LED headlights
- auto windscreen wipers
- rear parking sensors
- 17″ OZ alloys (different style to the standard model).
All Abarth 124’s are petrol only, with a 1.4-litre engine.
It Doesn’t Add Up!
Now, there is a very clear specification difference between the standard model and the hardtop GT model, and I would normally look for where you get the value back with the payments you make. i.e how can you get the most amount of specification without paying too much extra for it…
Even though I listed all the additional specification for the GT model, it actually doesn’t add enough value at the end of the lease to warrant the payment you’ll make.
What I mean is, there is a £4,000 difference between the basic model and the GT at retail price, and you will be paying for the majority of that difference. I’ve calculated on a 2 year lease doing 10,000 miles a year (20,000 miles), you’ll pay £2,082 worth of that £4,000. That’s too much.
Maybe it’s worth it for the convenience options, such as auto headlights/windscreen wipers etc. but these are not “worth it” when a lease is put together.
Vehicles at this price point are expected to have convenience options as standard equipment.
You can see on the graph below how the vehicles are priced by Abarth. If you compare this price against the total lease cost, so can clearly see why we recommend the basic 1.4 T Multiair 2dr. This is also highlighted by something called the ‘percentage of list’, which I’ve explained below.
Percentage Of List
The ‘percentage of list’ is the difference between the capital cost (OTR price) and the Residual Value (RV). This shows, at a glance, exactly where value is attributed as a percentage. The lower the number, the better the percentage of list. This is usually a good indication of “value for money”.
In this particular case however, I would advise that you do not lease the Abarth 124 Spider, and look for an alternative model.
Looking at the percentages within the graph below, you can see that they run at around 50% or so for a 2 year lease, up to 60% on a more realistic 3 year lease. This means you will be paying 50% to 60% of the total value of that vehicle. That’s an incredibly hard pill to swallow, and why I can’t recommend leasing this vehicle.
The percentage can give you a good indication of “value” but it also needs to be double-checked against the ‘On The Road’ price. Otherwise, a Ferrari would look like good value for money if we didn’t double-check the overall price and only looked at the percentage of list…
*miles per annum (e.g. 24m / 20k = 40,000 miles)
The Total Lease Cost
Hopefully, the process outlined above gives you some indication on why I picked the basic 1.4 T Multiair 2dr model over anything else.
It has the lowest percentage of list (50.8%), and it also has one of the lowest overall costs over the course of the term. If you pick a longer-term, the monthly payments would be less, because you are spreading the cost, but if you want the absolute cheapest overall cost when compared to its specification, rather than the lowest monthly payment, then it is best to get the 1.4 T Multiair model.
Why The Difference In Price?
This is all to do with something called the Residual Value, or RV for short. This is a price that’s assigned to a vehicle at the end of its useable life.
From a leasing perspective, the end of its useable life is at the end of its term, because the leasing company is simply going to sell that vehicle, and it’s going to have another life with another customer. So the end of the useable life from a leasing perspective is essentially however long you lease that vehicle for, and they’re trying to understand the value at the end of the lease.
You will have to make the judgment on whether the basic 1.4 T Multiair 2dr model or the GT is worth the extra £2,082 over the course of a 2 year lease. For me, it isn’t worth it, but the decision rests with you.
This is just some basic analysis that will hopefully help you understand the value of an Abarth 124 Spider lease a little better. Remember to use our custom leasing system on the homepage to find out what you should be paying to lease this car, or send us an enquiry and we will answer any questions you have.
Abarth 124 Spider Leasing | Price Guide
The Car Leasing Guru Team