At the start of an PCP 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 Optional Purchase Payment 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 Optional Purchase Payment 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.

• Fixed regular payments mean you can easily budget.
• Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower.
• Our Optional Purchase Payment avoids the risk of unplanned depreciation of your vehicle.
• You defer your ownership decision until the end of the agreement.

Purchase your vehicle

Purchase your smart car by paying the Optional Purchase Payment and Purchase Activation Fee of £10. This will complete the purchase of your smart car, 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 of £10. This will complete the purchase of your vehicle, allowing you to part-exchange for a new smart car.

• The vehicles value at the end of the agreement may be less than the Optional Purchase Payment, you can exercise your right to return the vehicle.
• Ownership of vehicle will not pass until all payment have been made including the Purchase Activation Fee.
• If you do not maintain payments in line with the finance agreement you are at risk of repossession.
• If you opt to return the vehicle at the end of the contract or through Voluntarily Termination the agreement of Vehicle Return Standards will still apply.
• The full term mileage will be agreed at the start of the agreement, should you elect to return the vehicle and have exceeded the agreed mileage a pence per mile charge will apply.
• You are required to have comprehensive insurance for the full term of the agreement.
• You are not permitted to sublet the vehicle during the term of the contract
• Administration charges may be applicable due to late repayments or altering of payment dates.
• Full details will be provided prior to committing to the agreement in the Pre-Contract Consumer Credit Information.