Purchase Product* Purchase Product* Leasing Product* Leasing Product*

 

Agility (Personal Contract Plan)

Hire Purchase

Operating Lease

Contract Hire

Commission payment made to agent/retailer which could increase cost of finance Yes Yes Yes Yes

Term (months)

24-60

24-60

24-60

24-60

Minimum to maximum annual

mileage for Mercedes-Benz

compact, electric cars

and AMG

(A, B, CLA, GLA, GLB, EQA & EQB)

6,000 - 40,000

No minimum mileage - 20,000

6,000 - 40,000

6,000 - 40,000

Minimum to maximum

annual mileage for

all other

Mercedes-Benz cars

8,000 - 40,000

For smart vehicles the minimum annual mileage is 5,000

No minimum mileage - 20,000

8,000 - 40,000

For smart vehicles the minimum annual mileage is 5,000

8,000 - 40,000

For smart vehicles the minimum annual mileage is 5,000

Annual Percentage Rate (APR)

charged

Yes

Yes

No

No

Deposit needed Yes Yes Advance rental Advance rental

Deposit amount

No limit as long as minimum balance financed is £3000 and monthly payment is at least £50. No limit as long as minimum balance financed is £3000 and monthly payment is at least £50. N/A N/A

Fixed monthly payments

during term of agreement

Yes

Yes

Yes, subject to changes in rate of VAT.

Yes, subject to changes in rate of VAT.

Vehicle Excise Duty (VED)

included in monthly rental?**

No 

No

No

Yes

Ownership possible?

Yes

Yes

No

No

Final lump sum payment to

take ownership at end

of agreement?

Yes (Including the Option to Purchase Fee of £10) 

No - nominal £10 Option to Purchase fee is due on contract end date to take ownership.

N/A

N/A

Finance secured against

the car?

Yes

Yes

Yes

Yes

Option to settle the

agreement early?

Yes, you would need to request an Early Settlement Quote and pay this in full to take ownership of the vehicle. Yes, you would need to request an Early Settlement Quote and pay this in full to take ownership of the vehicle. Yes, you would need to pay 95% of all outstanding rentals, any arrears or other charges and then return the vehicle.

Yes, you would need to pay 95% of all outstanding rentals, any arrears or other charges and then return the vehicle.

Right to Voluntary Terminate and return the vehicle?

Yes

Yes

No

No

Possible excess mileage,
damage or other end of contract charges when returning vehicle?

Yes

Not applicable unless exercising right to voluntary terminate; voluntary surrender or handback under terms of agreement.

Yes

Yes

Options at the end of your agreement

- Buy your next Mercedes-Benz. Speak to your local Showroom for an indicative valuation of your current vehicle and options for buying a new one. You could also sell to a third party.


- Return your vehicle after making the final monthly payment. Your vehicle will be assessed against our Vehicle Return Standards. After its return, you’ll be invoiced for any applicable end of contract charges.


- Keep your vehicle by paying all your monthly payments due under the agreement, including the final monthly rental payment, then pay the Optional Purchase Payment (balloon) and Option to Purchase Fee of £10.


You may be able to refinance the Optional Purchase Payment (balloon) over 12-60 months, depending on the age of the vehicle. As this will be a new agreement this will require a new finance application for a Hire Purchase agreement, assessment of affordability and a credit check which you'll need to consent to if you choose to refinance. Please note that due to the changes in interest rates, the refinance quote may not match your current monthly payments.
 

We recommend that you read the full details of these options found here.

- Keep your vehicle by paying the final monthly payment and Option to Purchase Fee of £10.


- Buy your next Mercedes-Benz. Speak to your local Showroom for an indicative valuation of your current vehicle and get quotes for your next Mercedes-Benz. You could also sell your vehicle to a third party.

We recommend that you read the full details of these options found here.

- Pay the final monthly rental and return the vehicle. Your vehicle will be assessed against our Vehicle Return Standards. After its return, you’ll be invoiced for any applicable end of contract charges.

We recommend that you read the full details of these options found here.

- Pay the final monthly rental and return the vehicle. Your vehicle will be assessed against our Vehicle Return Standards. After its return, you’ll be invoiced for any applicable end of contract charges including outstanding fines.

We recommend that you read the full details of these options found here.

  See full details of Agility (Personal Contract Plan) here. See full details of Hire Purchase here. See full details of Operating Lease here. See full details of Contract Hire here.