Almost all Fiat enthusiasts were thrilled when Fiat announced that its 500 range will cost more than £1000 lesser than it was expected to be. The car will hit the markets in the UK in January next year and its price is estimated at £7900.

According to experts, this move of Fiat’s will give it an edge over Mini. Mini is regarded as Fiat’s closest rival and costs anywhere between £13,025 and £17,470. At the same time, Fiat will also gain an edge over Renault Twingo that costs anywhere between£8375 and £9995.

Consumers can choose from 3 types of engines while buying the 500. These include a 100bhp 1.4-lt petrol motor, 75bhp 1.3-lt turbo diesel and a 69bhp 1.2-lt unit. Besides this, the vehicle will come in three levels, these include, Sport, Pop and the Lounge.

As of now the Pop level will feature a passenger, driver, side and driver's knee airbags, power steering, a CD/MP3 stereo, colour-coded bumpers, and, electric mirrors. It will also have a   sunroof, parking sensors, Stability control, and metallic paint. While the Sports and Lounge versions would include air-conditioning, alloy wheels (15 inch) and a communication system that is hands free. Besides this, there are several other features that form a part of the Sports and Lounge section.

The pricing of the car will be worked out on the basis of the 1.2 liter ‘pop level model’. Besides this, you will have to pay £1400 for an engine that is more powerful and £1400 for a higher level of trim. Apart from this, £2800 will have to be paid for both. Fiat has also said that there are several other combinations of kits that will be available.v