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Fiat expands ‘pay-as-you-go’ financing to vans

Fiat is now offering ‘pay-as-you-go’ financing on the Doblo Cargo small van, potentially cutting costs for SMEs.

The pay-as-you-go financing scheme, first seen on the Fiat 500, includes 500 free miles

Already available on the Fiat 500 city car, the deal is provided through Leasys – FCA’s inhouse contract hire division – and uses black box technology to work out customers’ monthly mileage and charge them on a pay-as-you-go rate of 25p per mile. The first 500 miles are included for free.

Customers do still need to pay an initial rental fee and monthly business contract hire payments – which in the case of the Doblo Cargo L1 Diesel 1.3 80 bring an initial fee of £149, followed by 47 monthly payments of £149 (excl. VAT).

However, according to Richard Chamberlain, head of brand at Fiat Professional in the UK, the funding solution could provide an easier way to pay, as the manufacturer continues its work to help keep small businesses moving.

“The new Leasys Miles offer on the Doblo Cargo will be incredibly appealing and useful to many of them as it will allow them to enjoy all the benefits of the brilliant Fiat Doblo Cargo while keeping their costs to a minimum.”

Leasys said the offer had been inspired by the mobile phone sector and would provide small businesses with increased flexibility.

Sebastiano Fedrigo, managing director of Leasys UK, said: “With so many small businesses facing enormous economic challenges brought about by the pandemic, so many of them have been crying out for innovative financing products like Leasys Miles and we are delighted to be able to introduce it on the Doblo Cargo.

“With further lockdowns a possibility, few small businesses are in a position to commit to traditional leasing arrangements yet they still need access to smart, reliable, efficient and practical vans in order to function. This new deal is the perfect solution.”

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Written by Natalie Middleton

Natalie has nearly 20 years of fleet journalism experience, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.

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