Smart Finance UK: #1, #3 and #5 Guide

Smart isn't the tiny two-seater city car brand it used to be. ⚡

Today's line-up is fully electric and much bigger: the #1 compact SUV, the sleeker #3 coupe-SUV and the large #5 family SUV, plus the new #2. The brand is now a joint venture between Mercedes-Benz and Geely.

If you're thinking about one on finance, here's what to know.

The smart line-up at a glance

smart #1 – compact electric SUV, a rival to the MG4 and Volvo EX30
smart #3 – lower, sportier coupe-SUV on the same platform
smart #5 – the largest model, a boxy family SUV, listed from around £39,800
BRABUS versions of each offer extra performance

All are battery electric, so they sit in the zero-emission Benefit-in-Kind band – a big plus if you're thinking about a company car or salary sacrifice.

Your finance options

Like most brands, smart cars can be funded in a few ways:

PCP (Personal Contract Purchase) – lower monthly payments, with an optional final payment if you want to keep the car
HP (Hire Purchase) – higher monthly payments, but you own the car at the end
PCH (Personal Contract Hire) – a lease; you hand the car back at the end
BCH (Business Contract Hire) – the business version of leasing

You can arrange finance through a smart retailer or through a broker like We Finance Your Asset, who can compare lenders on new and used models.

What smart has offered recently

Smart has used finance offers heavily to compete. A few 2026 examples:

0% APR PCP over 49 months on the #1 (MY25), #3 and #5 for orders by 31 May 2026
2.9% APR representative on the #3 Pro, with offers that ended 31 March 2026
A £500 test-drive bonus on all three models for orders by 31 August 2026
Business contract hire on the #5 from around £415 a month plus an initial rental, which expired in June

👉 These deals have ended, so treat them as examples of what smart tends to offer, not current prices. Always ask your retailer for today's terms.

The smart EV Car Grant

Smart has run its own "smart EV Car Grant" of £1,500 on the #1 (MY25) and #3. It has been advertised for orders placed and registered by 31 December 2026, subject to availability.

This is a manufacturer discount, not the government's Electric Car Grant, so check whether it can be combined with any finance offer and whether the car you want is still eligible.

Buying a used smart

The #1 has been on sale in the UK since 2023, so there's a growing number of used examples.

Used EV values have been holding up well this year, with Cap HPI reporting electric cars as the only fuel type to rise in value in October. That's good news for resale, though it means bargains are harder to find.

💡 On a used smart, check:

The battery health report and remaining battery warranty
Whether software updates are up to date
Charging speed and the cables included
Remaining manufacturer warranty

Things to check before signing

APR and total amount payable – not just the monthly figure
Mileage limits on PCP and leases, and excess mileage charges
Deposit contributions and whether they depend on a particular finance product
Insurance group – BRABUS versions will cost more to insure
Home charging – a wallbox makes EV ownership far cheaper than public charging

Is a smart right for you?

If you want a stylish, well-equipped EV with strong performance, the smart range is worth a look, and the brand's track record of strong finance offers helps.

At We Finance Your Asset, we help drivers in Reading, Berkshire and across the UK compare finance on new and used EVs, including smart. Get in touch and we'll help you find a deal that fits your budget. 🚗