How Hire Purchase works.At the start of your agreement you pay a deposit on your chosen smart, then throughout the duration of your agreement you pay the agreed payments over the agreed term until the remainder of its value is repaid.
- You will own the vehicle at the end of the finance agreement.
- Fixed regular payments means you can easily budget.
- A flexible deposit and repayment term means you can tailor the financial agreement to suit you.
- Monthly payments are not based on annual mileage.
Additional features for business users:
- The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.
- Payments are not subject to VAT.
At the end of your agreement:You will own the vehicle outright.
Please note that the 'Option to Purchase Fee' of £10 will be debited from your account. This will complete the purchase of your smart, leaving you free to simply enjoy your vehicle.