Finance

Finance Lease

Finance Lease allows your vehicle to appear as an asset on your balance sheet, without the option of ownership as you hire a vehicle for a fixed period.

How Finance Lease Works

At the start of your agreement you decide on the length of your agreement and pay an agreed number of advanced rentals up front. These rentals are based on the vehicles value over the term of your agreement.

Alternatively you could opt for a lump sum payment. This option features a large payment that is due at the end of the agreement. This will reduce your regular payments. Then throughout your agreement you make regular instalments until your agreement comes to an end.

Finance Lease features include:

• Fixed regular payments enable you to easily budget.
• The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.
• Payments are not based on annual mileage.

At the end of your agreement you have three options:

• Extend your agreement - Continue to use the vehicle for a further agreed period and pay a ‘peppercorn’ payment equal to one month’s rental per annum.
• Sell your vehicle to an independent third party - We will invoice the third party and return 95% of the sales proceeds to you.
• Return the vehicle and we will sell it on your behalf - We will sell the vehicle on your behalf and will return 95% of the proceeds to you (minus any reseller fees).

Agility (Personal Contract Plan)

A flexible method of financing a van over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.

How Agility works

A flexible method of financing a vehicle over a fixed term. The agreement defers your decision of whether you purchase, hand back or part-exchange your vehicle until the end of your agreement.

At the start of an Agility agreement, you decide an amount you would like to put down as a deposit and decide the term of your agreement as well as your annual mileage. Your Finance Specialist will advise you of the Guaranteed Future Value of your chosen Mercedes-Benz Van, which offers you the reassurance of knowing exactly what you will need to pay to own the vehicle outright in the future (this is also known as the Optional Final Payment).

The Guaranteed Future Value helps you guard against the risk of unplanned depreciation and enables you to benefit from lower monthly payments as you are only financing a proportion of the vehicles value.

Throughout your agreement you simply pay your agreed monthly payments.

Agility features include:

• Fixed regular payments mean you can easily budget.
• Payments are based only on a proportion of the van’s value, keeping your monthly payments lower.
• Our Guaranteed Future Value avoids the risk of unplanned depreciation of your vehicle.
• Payments include the cost of the Road Fund Licence.
• Rentals are based on your annual mileage agreed at the start of your agreement.
• You defer your ownership decision until the end of the agreement.
• The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.

End of Contract Purchase Process

Vehicle Options

Option 1: Purchase your Mercedes-Benz by paying the Optional Purchase Payment*

Option 2: Hand back your Mercedes-Benz**

Option 3: Part-exchange your Mercedes-Benz for a brand new one*

Contact a member of our sales team to find the right solution for you!

*Please not that a 'Purchase activation Fee' will be debited from your account. To find out how much this is, please look at your contract under the 'other financial information' section. This will complete the purchase of your Mercedes-Benz, leaving you free to part-exchange for a new Mercedes-Benz or to simply enjoy your van. ** If you decide to return your van to us, it's vital to check your Mercedes-Benz for any unacceptable damage beforehand. Fees can easily be avoided if you follow our vehicle return standards.

Operating Lease

Is a solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

How Operating Lease Works

A solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.

Operating Lease features include:

• Pay an advance rental upfront.
• Fixed regular payments means you can easily budget.
• Rentals are based on your annual mileage agreed at the start of your agreement and only on a proportion of the vehicle’s value, keeping your monthly payments lower.
• Rentals are allowable against taxable profits (proportionally).
• VAT is reclaimable depending on usage (proportionally).

At the end of your agreement

Simply return your vehicle with nothing more to pay, subject to it being in line with Mercedes-Benz Vehicles Return Standards as vehicle condition, excess mileage and other charges may be payable.