Targa Telematics has helped support the launch of the Leasys Miles pay-as-you-go personal leasing service in the UK.

The Leasys Miles service is being provided in the UK through the firm’s partnership with Targa Telematics

The service was introduced by Leasys, an Fiat Chrysler Automobiles (FCA) Bank mobility company, last year and sees users charged on the actual miles carried out per month. After making an initial rental payment and paying a fixed monthly ‘subscription’, the balance of the lease is charged by the mile. This means that the balance is calculated on the use, allowing the user of the vehicle to pay only the miles driven during each month with no additional charge for the first certain amount of miles included in the offer.

The Leasys Miles service is being provided in the UK through the firm’s partnership with Targa Telematics. Targa’s smart digital platform is able to elaborate the number of miles, helpful to monitor the costs of the use of the vehicle.

The Leasys Miles service first launched in the UK for Fiat 500 Mild Hybrid Lounge, with no additional charges for the first 500 miles and a cost of less than 20p for every mile travelled thereafter. It’s also available on a growing range of vehicles including the  Fiat 500X Sport, Tipo Cross and selected Abarth 595 models.

Massimiliano Balbo di Vinadio, Targa Telematics vice president – sales LA, said: “This is a paradigm shift: the information on the use of a vehicles becomes the real value to implement a truly innovative commercial solution. Our know-how and technology enable this new approach, which profoundly evolves mobility perspectives. We provide customers with our expertise, our automotive-specific IoT platform and a wide selection of software modules and microservices, to create new mobility products with extremely short lead times and with appeal, performance and stability to provide fulfilling experiences for users in the digital age.”