LEASYS is launching Miles, a pay-as-you-go PCH lease on the Fiat 500.
Costing just £99 for an initial rental and £99 per month thereafter over a 47 month rental, users then just pay per mile driven.
The cost per mile is 19.2p per mile, and is recorded by black box technology to track vehicle movements and calculate payments based on the miles driven.
With the average UK commuter making a daily round trip of approximately 25 miles, Leasys says this would work out at just £10.39 per day (including monthly rental and fuel).
The Leasys Miles facility – offered on the Fiat 500 Mild Hybrid Lounge – also provides the first 500 miles FOC and there are no upper mileage limits.
Sebastiano Fedrigo, managing director of Leasys, said:
“We are very proud to be launching new products during this difficult period. We understand now more than ever that innovation is what is required to adapt our companies to a very rapidly changing market. Leasys Miles has reinvented the traditional car lease model by moving to something we’re all much more familiar with nowadays.
“By structuring payments in this format, customers can access the latest tech and the newest Fiat 500 styles in an affordable way that means they simply pay proportionally to what they use.
“We anticipate that this new leasing solution will prove popular and expect to make it available across other models in the FCA range in the near future.”
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
