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.