Based on a pay-as-you-go concept, it could serve a London commuter's need to have a secure and flexible mobility solution. The concept allows the driver to pay a low monthly instalment for the vehicle and a set cost per mile for the exact mileage driven.
In order to calculate the daily cost, the pioneering uses black box technology to track vehicle movements and calculate payments based on the miles driven.
Drivers make one upfront payment of £99, followed by 47 monthly instalments of £99*** plus 19.2 pence (16 pence per mile plus VAT) for every mile travelled.
With the average UK commuter making a daily round trip of approximately 25 miles, this would work out at just £10.39 per day (including monthly payment and fuel****). Additionally, the first 500 miles are included at no cost and there are no upper mileage limits.
Francesco Vanni, UK country manager for Fiat and Abarth, said: "By providing this innovative solution to our customers, Fiat is leading the way in pay-as-you-go driving.
Customers need only pay for what they drive with no upper mileage limit, making it an attractive proposition for those now in need of a stylish, economical and reliable car to commute in.
Sebastiano Fedrigo, managing director of Leasys in the UK, said: "We are very proud to be launching new products during this difficult period. Leasys Miles has reinvented the traditional car lease model by moving to something we're all much more familiar with nowadays.
For more information on this offer contact Leays Miles
*Mileage rate only. Initial payment of £99 and 47 monthly instalments of £99 also apply
**Average London commute is £15.25 per day
***Monthly fee includes road fund licence, roadside assistance, GAP waiver and subscription to the Leasys App, excludes servicing and maintenance
****Fuel calculation based on UK average petrol price of 104.06p per litre on 1st June 2020