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Finance

There are many different phrases used when discussing finance, we have tried to identify the primary packages most people use.




Hire Purchase
You pay a deposit. (The actual amount is negotiable). All remaining costs including payments are repaid by your monthly payments.

Benefits to you:
  • Ownership of vehicle
  • Flexible Deposit
  • Repayment over a fixed period
  • Fixed or variable interst rates
  • Payment not subject to VAT
  • Interest may be allowable against taxable profits
  • Vehicle Appears as an asset on your balance sheet
  • An additional line of credit
  • Repayments in advance or arrears

Agility
Agility is the ultimate flexible finance option. It allows you to defer your decision to purchase or return the car until the end of the agreement.

We guarantee the future value of your vehicle based on your estimated mileage, keeping payments low. When the contract period is up you have 3 choices:

Option 1
Purchase the Mercedes-Benz: Simply pay the Optional Purchase Payment, which is equal to the guaranteed future value. The vehicle is now yours to keep.

Option 2
Hand back the Mercedes-Benz: Leaving you free to take another contract. You will have no further financial obligation, other than charges for excess mileage and excess wear and tear, if applicable.

Option 3
Purchase and Part Exchange your Mercedes-Benz for a brand new one. You can use any equity in your current vehicle to put towards a new car.

Benefits for all:
  • By including an Optional Purchase Payment, which equals the guaranteed future value of your vehicle we can reduce your monthly.
  • The future value risk is underwritten by Mercedez-Benz
  • Defer your ownership decision until the end of the contract
  • Flexible deposit and repayment period

Benefits for business:

  • The vehicle is an asset on the balance sheet
  • An additional line of credit

Suited to:

  • Anyone wishing to drive a higher specification for a lower monthly payment
  • Business users who have been given a budget to purchase a vehicle privately (replacing a company car)

Operating lease
Your vehicle is hired to you for a fixed period. Monthly payments are calculated on difference between the initial value of the vehicle and its projected residual value, plus finance charges. This means only a proportion of the vehicle`s value is repaid, which avoids a large initial outlay.

At the end of the agreed period you simply return the vehicle. This frees you from additional costs (excluding any excess mileage or damage charges).





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