Agility (Personal Contract Plan).
A flexible method of financing a car over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.
How Agility (Personal Contract Plan) 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 vehicle 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 vehicles value.
Throughout your agreement you simply pay your agreed monthly payments.
Agility (Personal Contract Plan) 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 vehicle.
- You defer your ownership decision until the end of the agreement.
- The vehicle 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:
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 vehicle.
Hand back your vehicle
If you decide to return your vehicle to us, it must be in line with our Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.
Part-Exchange for a new vehicle
Pay the Optional Purchase Payment and Purchase Activation Fee. This will complete the purchase of your vehicle, allowing you to part-exchange for a new smart.