Sinclair New smart Finance

Committing yourself can mean more freedom. Owning a smart is simple – buy it, drive it, love it.

But when it comes to finance, there’s more to think about. Our step-by-step guide is here to help you decide on the best product for your needs and answer any questions you might have about smart car finance.

Take a look at our finance options to ensure you’re making the best decision for your needs – then sit back and enjoy being part of smart.

Personal

At smart we believe a great driving experience should be matched by an equally great ownership experience. That is why we put as much thought, time and effort into designing our finance options as we do our vehicles.

Agility

Agility offers a flexible finance agreement for all new and used smarts.

Agility is great for anyone wishing to drive a higher specification car for a lower monthly payment. Or business users who have been given a budget to purchase a vehicle privately (replacing a company car).

How Agility works

At the start of an Agility agreement, you put down a deposit and decide the term of your agreement. Your Business Manager will advise you of the Guaranteed Future Value of your smart which offers you the reassurance of knowing exactly what you’ll need to pay to own the car outright in the future (the Optional Purchase Payment). It 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.

Annual mileage

At the beginning of your agreement your annual mileage is used to estimate the value of your vehicle when your agreement ends. If you exceed this mileage allowance (shown on your finance agreement), it may accelerate the vehicles depreciation and there will be an excess mileage charge to pay, which is calculated on a pence-per-mile basis.

Try to base your mileage projection on the distance you’ve driven in the past. The more accurate you are with your predicted miles, the more you can relax while you’re driving them.

Benefits for all:

  • There is no large initial outlay.
  • Fixed regular monthly payments mean you can easily budget.
  • Payments are based only on a proportion of the vehicles value, keeping your monthly payments low.
  • By including an Optional Purchase Payment, we can reduce your monthly payments.
  • Our Guaranteed Future Value avoids the risk of unplanned depreciation of your vehicle.
  • You can defer your ownership decision until the end of the agreement.
  • Allows you to update your smart every two to three years.

Benefits for businesses:

  • The car is an asset on the balance sheet.
  • An additional line of credit.

At the end of your agreement:

You have three options to choose from.

Option 1: Purchase your smart by paying the Optional Purchase Payment.

Please note that a ‘Purchase Activation Fee’ will be debited from your account. To find out how much this is, please look at your agreement under the ‘other financial information’ section. This will complete the purchase of your smart, leaving you free to simply enjoy your vehicle.

Option 2: Hand back the smart.

If you decide to return your smart to us, it’ s vital that you check your smart for any unacceptable damage beforehand. Fees can easily be avoided if you follow our Vehicle Return Standards and do not go over the agreed mileage.

Option 3: Purchase and parte-exchange your smart for a new one.

Please note that a ‘Purchase Activation Fee’ will be debited from your account. To find out how much this is, please look at your agreement under the ‘other financial information’ section. This will complete the purchase of your smart, leaving you free to part-exchange for a new smart.

Service Care rates

If you choose to return your vehicle, under the terms of your finance agreement, your car must be maintained at a smart Approved Repairer.

Service Care is the easiest way to manage your service costs. By making a small monthly payment, you can spread the cost of essential services.

We guarantee the price of parts and labour for up to four years. This includes any additional items such as brake fluid, spark plugs, fuel filter, air filter and screen wash.

You can arrange your services at any smart Approved Repairer in the UK, where our trained technicians use GenuineParts that come with two years unlimited mileage warranty.

Hire Purchase

Hire Purchase is a straightforward, affordable route to ownership – with fixed monthly payments along the way.

How Hire Purchase works

If you are looking for a simple repayment plan on a new or used smart; Hire Purchase could provide the solution. With Hire Purchase just pay a deposit and away you go. The rest of the purchase price, plus interest, is paid in regular monthly repayments to suit your budget. Once you have paid a small administration fee followed by all your repayments, your smart is yours.

You won’t have to estimate annual mileage, and the interest rate throughout your Hire Purchase agreement will reassuringly stay the same.

The benefits of Hire Purchase include:

  • Fixed payments over an agreed term for a simple route to ownership.
  • Flexible deposit and repayment period.
  • Fixed interest rate and payments throughout the life of the agreement.
  • No mileage conditions.

At the end of your agreement:

You will own the vehicle outright.

Operating Lease

Operating Lease is a solution for those who want to drive one of our cars over a fixed term, with hassle-free, low monthly rentals and none of the worries or commitment of ownership.

How Operating Lease works:

With an Operating Lease you can hire a smart for a fixed period of time. Your monthly rentals are based on the difference between the value of your smart at the start of the contract and its projected resale value at the end (plus finance charges). That means you only repay part of the smart's value, which means lower monthly rentals.

Benefits to all

  • Allows you to update your vehicle every two to three years so you may benefit from the latest technology, safety features and efficiency a new vehicle may bring.
  • No large initial deposit. Usually only the equivalent of one to three monthly rentals.
  • Rentals are based on a proportion of the vehicle’s value, keeping monthly payments low.
  • Fixed monthly rentals that fit your budget and protect you from unexpected bills

Benefits for businesses

  • Add a service package for peace of mind and easier budgeting.
  • VAT is reclaimable depending on use (Please speak to your tax advisor about your specific situation).

At the end of your agreement:

Just return the vehicle to us with nothing more to pay, subject to return conditions being met and the agreed contract mileage not being exceeded.

Contract Hire

Instead of owning a vehicle, Contract Hire provides all the benefits of leasing a high quality car without any of the problems associated with ownership. Leasing it for a fixed period on a fixed monthly rate.

How Contract Hire works.

Contract Hire is straightforward – you simply agree to lease your smart for a fixed monthly rental, over a fixed term. Once the agreement comes to an end, so does your financial obligation. You simply hand the car back with nothing more to pay, subject to meeting the Vehicle Return Standards and your mileage has not been exceeded as charges may apply.

With this kind of 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 budget easier and reducing any unexpected costs.

Click here to find out more about smart Service Care.

Benefits to all

  • Allows you to update your vehicle every two to three years so you may benefit from the latest technology, safety features and efficiency a new vehicle may bring.
  • There is no large initial outlay. Usually the equivalent of one to three monthly rentals.
  • Fixed regular monthly payments mean you can easily budget.
  • Payments are based on your annual mileage agreed at the start of your agreement.
  • Payments are based only on a proportion of the vehicles value, keeping your monthly payments low.

Benefits for businesses

  • Capital expenditure is eliminated.
  • Your business gains an additional line of credit.
  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally).
  • Road fund licence costs are included in the rental fee.
  • We will manage the vehicle taxation process on your behalf, as well as sending MOT reminders. We will also administrate any speeding and parking fines when necessary.

At the end of your agreement:

Just return the vehicle to us with nothing more to pay, subject to return conditions being met and the agreed contract mileage not being exceeded.

Fleet & Business

At smart we understand the complexities of running a modern-day business, but did you know you can get much more than just company vehicles from us, we offer a variety of finance agreements that suit both you and your business.

Agility (Personal Contract Plan)

A flexible method of financing a vehicle 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 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 at your local retail site will advise you of the Guaranteed Future Value of your chosen smart, which offers you the reassurance of knowing exactly what you will need to pay to own the vehicle outright in the future (this is 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.

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 vehicle and agree the term of your agreement. Then throughout the term of your agreement you pay the regular instalments over the agreed term until the remainder of its value is repaid.

Operating Lease

A solution for those who want to drive one of our vehicles 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 vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which keeps monthly payments lower.

Contract Hire

Contract Hire gives you the ability to enjoy driving a Mercedes‑Benz without having to take on full ownership. With this option you lease your vehicle for a fixed period and for a fixed monthly rental. This rental includes the cost of your vehicles 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 vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which keeps monthly payments lower.

With a Personal 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 budget easier and reducing any unexpected costs.

© 2017 Sinclair. All Rights Reserved. Sinclair Group is a trading name of Sinclair Garages (Port Talbot) Ltd

Registered in England and Wales

Registered Address: Sinclair Group | Old Field Road | Bocam Park | Pencoed | CF35 5LJ

Registered number: 1192572

Sinclair Garages Limited is authorised and regulated by the Financial Conduct Authority (ref: 305925). Our other group companies , Sinclair Garages (Bridgend) Limited, Sinclair Garages (Newport) Limited, Sinclair Garages (Cardiff) Limited and Sinclair Garages (Port Talbot) Limited, are Appointed Representatives of Sinclair Garages Limited.

Our permitted business is the supply of motor vehicles and associated products and services, including Finance and Insurance. We are a Credit Broker not a Lender. You can check this on the FCA's register by visiting the FCA's website www.fca.gov.uk/register or by contacting the FCA on 0800 111 6768.