Fiat is rolling out its pay-as-you-go financing scheme to its Doblo van to help make running a vehicle more affordable for businesses doing fewer miles with their vehicles.

Called ‘Leasys Miles’, the scheme was introduced earlier this year onto the firm’s 500 city car, but is now offered on the Fiat Doblo Cargo.

The financing scheme works by a black box telematics system being fitted to the vehicle, which tracks how many miles the van covers and calculates payments, which are worked out at 25p per mile.

While buyers still have to pay an initial rental of £149 and 47 monthly payments of £149 to take part in the finance scheme, for drivers doing fewer miles it can work out as far more affordable than regular financing schemes. Fiat is also covering the first 500 miles for free, though regular contract hire schemes are still available too.

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.”