Discover smart personal finance

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Your personal finance journey starts here

Are you looking to finance your smart #1? Through smart Mobility Financial Services we offer you attractive options, with the choice of Personal Contract Purchase (PCP) or Personal Contract Hire (Lease). If this sounds like something you'd like to explore, then look no further. This is smart.

Your smart mobility options

Personal Contract Purchase (PCP)

How it works

PCP has been designed to be cost effective and flexible allowing you to pay only for the depreciation plus interest on your car during the agreement.

At the end of your agreement, you’ve got flexible options to choose what you want to do with the car.

Simply select your chosen car, then decide how many miles per annum you want to travel in it and for how many years. Mileage can be between 5,000 and 50,000 miles per annum, depending on the agreement duration you need. The maximum mileage on the car at the end of the agreement is 100,000 miles. The duration of the agreement can be any number of months between 24 and 60.

Based on your mileage and duration, we will predict how much the car will be worth at the end of the agreement. This value is called the “Optional Final Payment”. You will then pay monthly payments, based on the difference between the cash price and the optional final payment plus interest. This equates to funding the depreciation on the car. This is why PCP has lower payments than a traditional Personal Loan or Hire Purchase agreement, where you pay for the full cost of the car over the duration.

You can further reduce your monthly payments by adding an advance payment.

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Your options

Once you reach the end of your agreement, you have a number of choices, provided that you have taken care of the car and complied with the terms of the agreement;

You can pay the Optional Final Payment and an Option to Purchase Fee (£10). The car is then yours, with nothing more to pay, to keep or to sell privately.

You can return the car to smart Mobility Financial Services with nothing more to pay subject to the condition being in line with the age and mileage. For any excess mileage, you will be charged a pence per mile fee. This will be detailed on the initial quote and agreement you sign. It is important to try and accurately predict your mileage. Condition is judged based on the British Vehicle Rental and Leasing Association’s Fair Wear and Tear guide. You can part-exchange your car for another car with us, with any excess value over and above the Optional Final Payment acting as an advance payment to reduce the next agreement’s monthly payments. This value will also be subject to the mileage and condition.

The value of the car at the end of the agreement is significantly affected by mileage and condition, so it is important to accurately predict your mileage and look after the car, to avoid additional charges.

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Personal Contract Hire (Lease)

How it works

You can decide how many miles per annum you want to travel in your car and over how many years. You can set your annual mileage to anything between 5,000 and 50,000 miles, depending on the agreement duration you need. Based on your term and annual mileage, you'll make a fixed monthly payment for the duration of your agreement.

Any advance payment you make will reduce your monthly payments throughout your agreement.

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Your options

Once you reach the end of your agreement, you simply hand the car back. Providing that you've looked after the car and kept within your contracted mileage there will be nothing more to pay.

The car needs to be in a condition in line with its age and mileage. It's important to try and accurately predict your mileage. For any excess mileage you'll be charged a pence per mile fee. This fee will be detailed on the initial quote and agreement you sign. Condition is based on the British Vehicle Rental and Leasing Association's Fair Wear and Tear Guide.

PCH is a hire agreement, meaning you’ll never own the car. This means you avoid the hassle of deciding what to do with the car at the end of the agreement as you cannot sell it - simply hand it back once your contract is up.

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Ready to drive in no-time

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1
Choose your smart #1

The exciting part – take your pick from the smart #1 Pro+, Premium and BRABUS.

2
Configure

Once you’ve chosen your preferred line, you’ll need to configure your car and choose the finance offer – selecting the term, annual mileage, additional services and advance payment.

3
Credit assessment

After selecting the terms, you'll be transferred to the smart Mobility Financial Services website where you'll have the opportunity to further refine your finance offer. To protect you against any excessive financial burdens, you will need to pass a credit check. Once approved, you’re ready to sign your contract.

Found your next car? Take it for a spin!Book a test drive
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Want to know more?

Find out all you need to know about smart personal leasing from one of our dedicated smart experts. They'll be glad to answer any question you throw at them.

Contact an expert
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