Alfa Romeo doesn’t offer a large number of models in the Canada, however, the models that are available are equipped with lavish features and power that allows you to go from 0 to 60 mph in seconds. But that type of luxury comes at a high price point, so you’ll want to compare your car loan options before contacting a dealer.
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As with all vehicle financing, you can purchase your Alfa Romeo using a car loan from a bank, credit union or online lender. These are typically secured by your purchase — so you can expect lower rates than you’d find with a personal loan. However, it takes time to compare offers to find the best deal out there, so this won’t be the fastest route to go.
Beyond these options, Alfa Romeo offers its own financing and lease programs. This is typically the quickest way to get behind the wheel, but you might not find the most competitive rates and terms. The brand occasionally runs special offers as well, so contact a certified dealer to see if there are any discounts you may be able to take advantage of.
Alfa Romeo financing. Alfa Romeo offers financing for its vehicles through RBC, Scotiabank and TD Auto Finance. Current offers include 3.23% APR financing for 48 months on the 2019 Stelvio as well as up to $1,500 in Studio Delivery Credit.*
Alfa Romeo leasing. The brand also has lease offers through SCI Lease Corp. (part of the Lease Corporation of America) for its Stelvio, Giulia and Giulia Quadrifoglio models. You may be able to lease the 2019 Giulia Quadrifoglio for $1,138 per month for 60 months with $4,995 due at signing.*
Like with all financing, the rates and terms your receive will depend on your creditworthiness and other financial factors.
Koda, a resident of Ontario, has his eye on a sleek 2020 Alfa Romeo Stelvio Quadrifoglio with a Rosso Competizione Tri-Coat finish. He finds one at a dealership for $119,705.00 and promptly makes a 20% deposit of $23,941.00 to secure the car. Koda applies for dealership financing, and, thanks to his solid credit history and good income, is approved for a loan to cover the outstanding amount ($71,600.00) plus 13% HST. Additionally, Koda also pays around $180.00 to register his vehicle with the province of Ontario – this includes the cost of license plates, a sticker and a vehicle permit.
Cost of new car
Auto loan (term loan)
Interest rate (APR)
3.00% origination fee ($2,872.92) $0.00 application fee (waived by lender)
$1,404.08 monthly or $647.46 biweekly
Total loan cost
$134,791.68 with monthly payments or $134,671.68 with biweekly payments
*The information in this example, including rates, fees and terms, is provided as a representative transaction. The actual cost of the product may vary depending on the retailer, the product specs and other factors.
What will a new Alfa Romeo cost me?
The cost of your Alfa Romeo will depend on the model you select and any add-ons you want to include. Below are the manufacturer suggested retail prices for the most basic models.
Starting MSRP: $42,845
City/highway MPG: 24/33
Starting MSRP: $47,345
City/highway MPG: 22/29
2020 4C Spider
Starting MSRP: $79,845
City/highway MPG: 24/34
2020 Stelvio Quadrifoglio
Starting MSRP: $103,895
City/highway MPG: 17/23
2020 Giulio Quadrifoglio
Starting MSRP: $98,640
City/highway MPG: 17/24
Does Alfa Romeo offer special discounts or programs?
Unlike other brands, Alfa Romeo doesn’t have any special car-buying programs for military service members or recent college grads. However, it’s been known to offer loyalty cash bonuses to former customers looking to purchase or lease a new Alfa Romeo. Reach out to your local authorized dealer to see if there are any deals available.
Does a new Alfa Romeo come with a warranty?
Yes, all Alfa Romeo models are backed by a 4-year/80,000 km basic limited warranty. This covers the cost of parts and labor needed to repair your vehicle due to a defect from the manufacturing process. However, the brakes, wiper blades, clutch, windshield, rear window, wheel alignment and wheel balance are all only covered for one year or 20,000 km — whichever comes first.
An Alfa Romeo could be the Italian sedan, SUV or sports car of your dreams — but only those with excellent credit will be able to qualify for the lowest rates from Alfa Romeo’s financing company, Chrysler Financial. Otherwise, it may be worthwhile to explore your car loan options to see the potential rates you might snag elsewhere.
Frequently asked questions
Alfa Romeos are considered by some drivers to have high maintenance costs, but it depends on your use and the wear-and-tear that occurs as you drive. You should contact a certified Alfa Romeo mechanic to get an estimate based on your area.
The Quadrifoglio models are Alfa Romeo’s most luxurious, highest performing vehicles made for drivers with a need for speed. For example, the 2019 Stelvio Quadrifoglio can go from 0 to 60 mph in 3.6 seconds, with a top speed of 176 mph.
This depends on your needs. Depreciation can have a big impact on your bottom line with a luxury car like an Alfa Romeo, which could make leasing a better deal. But if you intend on driving your vehicle frequently, the limit on mileage — especially the ultra low-mileage lease — may make financing a smarter choice.
Pictures: Getty Images and Alfa Romeo official page
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
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