What is Flex & Free?
Flex & Free is a new product to PSA Finance, which provides you with the flexibility to change your car more frequently. It’s similar to a Contract Hire agreement, but with the option to change your vehicle from month 6 without penalty (subject to condition and mileage).
So, whether you’re looking for a regular update to a new model or would like to try one of our electric vehicles, Flex & Free could be the agreement for you.
How does Flex & Free work?
When taking out a Flex & Free agreement, you will agree a monthly rental and annual mileage to suit your circumstances. You will also be required to pay an advanced rental, which will equal 3 monthly rentals.
The agreement length is 48 months, however when you reach the 5th month of your agreement, we will contact you to remind you that you have the flexibility to change vehicle from month 6.
Simply notify us via your MyFinance account of your intention to switch or return your vehicle and if applicable, arrange your new car with your dealer. We'll then book a convenient time to collect your existing car that coincides with the arrival of your new one.
Once you receive your new car, your existing agreement will end with nothing more to pay (subject to condition and mileage) and your new 48-month agreement will commence.
If you decide not to switch your vehicle during your agreement this is not an issue. You simply continue with your agreement as normal and return your vehicle at the end of 48 months.
Currently Flex & Free is exclusive to new cars across the Peugeot network and is at present only available on selected variants of the new e-208, 2008, e-2008 and 3008. When returning your vehicle at any point throughout your agreement, you will be required to pay any damage and/or excess mileage charges in accordance with your agreement.
Features & Benefits of Flex & Free
- The ability to change your vehicle once reaching 6 months into your agreement
- Flexible terms to meet your needs, including variable duration and mileage
- The option to “try before you buy”
- Low initial rental, fixed at 3 monthly rentals
- Fixed monthly rentals for the duration of the agreement, making budget planning easier
- When returning the vehicle at the end of your agreement, you do not need to worry about it depreciating or disposal of the vehicle
- Includes Road Fund Licence, Roadside Assistance and 7 Day Free Insurance