Finance.

Finance

Finance

We know that finance can be complicated, but we have designed four finance products with you in mind to help you get into your new smart. Scroll down and take a look at each of our products and find the one that’s right for you.

>> Our full range of products at a glance

Agility Hire Purchase Operating Lease Contract Hire
Some products have payments based on the (residual) value of the vehicle at the end of the agreement; this allows you to have lower payments as you are only paying for a proportion of the vehicles value.

(Please note that vehicle condition, excess mileage and other charges may be payable).

Would you like to reduce your payments by only funding a proportion of the vehicles value?

We offer products which allow you to own your vehicle such as Hire Purchase and Personal Contract Plan (Agility). If you want to lease your vehicle, then Contract Hire or Operating Lease may be suitable for your requirements. We recommend you talk to the Business Manager at your local retailer who will explain all the options available for you.

Do you want the option to own your vehicle at the end of your finance agreement?

This feature is available on a Contract Hire agreement where everything is included in one monthly payment to allow for easy budgeting.

Do you want to include the cost of subsequent years Road Fund Licence in your agreement?

Finance Option

Would you like to reduce your payments by only funding a proportion of the vehicles value?

Do you want the option to own your vehicle at the end of your finance agreement?

Do you want to include the cost of subsequent years Road Fund Licence in your agreement?

Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower

Would you like to reduce your payments by only funding a proportion of the vehicles value?

Do you want the option to own your vehicle at the end of your finance agreement?

Do you want to include the cost of subsequent years Road Fund Licence in your agreement?

Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower

Would you like to reduce your payments by only funding a proportion of the vehicles value?

Do you want the option to own your vehicle at the end of your finance agreement?

Do you want to include the cost of subsequent years Road Fund Licence in your agreement?

Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower

Would you like to reduce your payments by only funding a proportion of the vehicles value?

Do you want the option to own your vehicle at the end of your finance agreement?

Do you want to include the cost of subsequent years Road Fund Licence in your agreement?

Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower

Select finance type:

Agility PCP (Personal Contract Plan)

A flexible method of financing a smart over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your car until the end of your agreement.

How Agility works

At the start of an Agility agreement, you decide an amount you would like to put down as a deposit and decide the term of your agreement as well as your annual mileage.

Your Finance Specialist will advise you of the Guaranteed Future Value of your chosen smart car, which offers you the reassurance of knowing exactly what you will need to pay to own the car outright in the future (this is also known as the Optional Purchase Payment).

The Guaranteed Future Value helps you guard against the risk of unplanned depreciation and enables you to benefit from lower monthly payments as you are only financing a proportion of the cars value.

Throughout your agreement you simply pay your agreed monthly payments.

How Agility Works

Agility features include:


  • Fixed regular payments mean you can easily budget.
  • Payments are based only on a proportion of the car’s value, keeping your monthly payments lower.
  • Our Guaranteed Future Value avoids the risk of unplanned depreciation of your car.
  • You defer your ownership decision until the end of the agreement.

Additional features for businesses:


  • The car is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.

At the end of your agreement you have three options:

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Option 1: Purchase your car
Purchase your smart by paying the Optional Purchase Payment and Purchase Activation Fee. This will complete the purchase of your smart, leaving you free to simply enjoy your car.

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Option 2: Hand back your car
If you decide to return your car to us, it must be in line with our Vehicle Return Standards, as the cars condition, excess mileage and other charges may be payable.

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Option 3: Part-Exchange for a new car
Pay the Optional Purchase Payment and Purchase Activation Fee. This will complete the purchase of your car, allowing you to part-exchange for a new smart.

Hire Purchase

A straightforward route to ownership. This is the perfect way to buy a smart if you want to work your way up to full ownership, spreading the overall cost over a fixed term.

How Hire Purchase works

Decide the amount you would like to put down as a deposit on your chosen car and confirm the term of your agreement. Throughout the agreement you pay the regular instalments over the agreed term until the remainder of its value is repaid.

How Agility Works

Features include:


  • On completion of the agreement you will own the vehicle.
  • Fixed regular payments means you can easily budget.
  • A flexible deposit and repayment term means you can tailor the financial agreement to suit you.

Additional features for businesses:


  • The car is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.
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At the end of your agreement

Once your final payment is made as well as the Option to Purchase fee, you will own the car outright.

Operating Lease

A solution for those who want to drive one of our cars over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

How Operating Lease Works

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the car and its projected residual value at the end of your agreement. Therefore, only a proportion of the car’s value is repaid, which keeps your monthly payments lower as you aren't funding the full price of the car.

Operating Lease

Features include:


  • Pay an advance rental upfront.
  • Fixed regular monthly rentals (that include VAT) means you can easily budget.
  • Rentals are based on your annual mileage agreed at the start of your agreement and only on a proportion of the car’s value, keeping your monthly payments lower as you aren't funding the full price of the car.

Additional features for businesses:


  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally).
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At the end of your agreement

Simply return your car with nothing more to pay, subject to it being in line with our Vehicle Returns Standards as the cars condition, excess mileage and other charges may be payable.

Contract Hire

Contract Hire gives you the ability to enjoy driving a smart without having to take on full ownership. With this option you lease your car for a fixed period and for a fixed monthly rental. This rental includes the cost of the Road Fund Licence for the duration of your agreement.

How Contract Hire works

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the car and its projected residual value at the end of your agreement. Therefore, only a proportion of the car’s value is repaid, which keeps monthly payments lower, as you aren't funding the full price of the car.

With a Contract Hire agreement, you can choose from our ‘No Maintenance’, ‘Service Only’, ‘Full Maintenance’ or ‘Full Maintenance with Tyres’ options. This means the costs are fixed over the term of the agreement allowing you to easily manage your budget and reduce any unexpected costs.

Contract hire

Contract Hire features include:


  • Pay an advance rental upfront.
  • Fixed regular monthly rentals (that include VAT) means you can easily budget.
  • Payments include the cost of the Road Fund Licence.
  • Rentals are based on your annual mileage agreed at the start of your agreement.
  • We manage the car taxation process on your behalf, as well as sending MOT reminders.
  • We will also administer any speeding and parking fines when necessary. Please note there is administration charge of £25 per fine.
  • Repair and Maintenance options are also available.

Additional features for businesses:


  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally).
smart

At the end of your agreement

Simply return your car with nothing more to pay, subject to it being in line with our Vehicle Return Standards as the cars condition, excess mileage and other charges may be payable.

Finance is provided by Mercedes-Benz Finance