Contract Hire products designed by Mercedes-Benz Financial Services UK Ltd for your Mercedes-Benz

*- MOT test fees & repairs following normal road use
 - Wear & tear repairs arising from normal road use, excluding tyres
 - Extended warranty for unexpected electrical / mechanical failure (once manufacturer’s warranty expired at 3 years

How Contract Hire works.

You choose your upfront rental, how many miles you expect to drive each year, how long you want to use the vehicle and if you'd like standard Contract Hire, Contract Hire with ServiceCare or Contract Hire with CompleteCare. Your local Showroom will then work out your monthly rentals.


With Mercedes-Benz Contract Hire, after setting your upfront rental, your monthly rental is based on the following:


1. How long you want the agreement to last.

2. Your expected annual mileage (please see our Comparison Table for maximum mileage).

3. The cost of your Vehicle Excise Duty (also known as Road Fund Licence).

4. You can enhance your plan adding either the Complete Care or Service Care packages to give you piece of mind for the duration of your contract.


When all monthly payments have been made, at the end of your agreement you'll return the vehicle, subject to any end of contract charges that apply, such as damage outside fair wear and tear, extra days' rental and excess mileage. There's no option to own the vehicle with this product. For more information on this product, please see the Contract Hire Finance Breakdown below.
 

Please be aware that, as a Lease product, you don't have the same termination rights under Contract Hire as you would for a purchase product such as Hire Purchase or Agility (Personal Contract Plan).
 

Ahead of taking out an agreement with us please click here to see the documents you’ll be sent.

 

For business customers only:

As a business customer, an element of VAT may be reclaimable, depending on vehicle usage (proportionally) and your rentals may be allowable against taxable profits. Please speak to your usual tax or HMRC adviser for more information.

Contract Hire Finance Breakdown

Once your agreement begins, you’ll make monthly rental payments for the duration of your agreement. At the end of your agreement, once you’ve made all rentals due, you’ll then return the vehicle.

Contract Hire Finance Breakdown

Who is Contract Hire for?

Contract Hire could be the right choice for you if:

 

• You want the certainty of leasing your vehicle with fixed monthly rentals (subject to changes in VAT rates), but without the option to own it at the end.

• You anticipate what your annual mileage will be and are aware if you exceed the permitted mileage, additional charges will apply as stated within your contract.

• You'll need to pay the excess mileage charge detailed in your finance agreement for each mile you've exceeded the total permitted mileage by.

• You can commit to a specific term and accept there'll be early termination charges to come out of the agreement early.

• You’d like the simplicity of one monthly rental that covers your Vehicle Excise Duty and additional servicing as required with ServiceCare or CompleteCare. For this reason the V5 Registration Document will remain with Mercedes-Benz Finance throughout the term of the agreement.

 

Contract Hire isn't suitable for someone who wants the option to own their vehicle at the end of the agreement.

 

For more information on the features of the different finance products available from Mercedes-Benz Financial Services UK Ltd, please visit the Comparison Table or our Finance Products FAQ page.

What happens at the end of your agreement? 

As long as all your monthly rentals have been paid, you can return your vehicle.

 

Your vehicle will be assessed against our Vehicle Return Standards and Charges Matrix. After the vehicle's return, you’ll be invoiced for any applicable charges due under the agreement, including any extra days’ rental, excess mileage (the pence per mile charge for going over your agreed mileage can be found in your agreement) and fair wear and tear charges.

 

We recommend you review these guidelines now and throughout your agreement.

 

When you’ve returned your vehicle, we hope you’ll lease another Mercedes-Benz through Mercedes-Benz Financial Services UK Ltd. Ask your local Showroom for more details, as you approach the end of your agreement.

The finance documents you can expect from Mercedes-Benz Financial Services UK Ltd.

When taking out an agreement, Mercedes-Benz Financial Services UK Ltd will send you three documents: Your Finance Agreement Explained (reference only), Pre-contract Credit Information (reference only), and your Finance Agreement, which will require your signature.

 

To help you understand your agreement and make sure it’s the right plan for you, Mercedes-Benz Financial Services UK Ltd has included samples of each document below for you to read before taking out an agreement. Any financial data in both the Pre-contract Credit Information and Agreement documents is for illustrative purposes only. Information specific to your agreement will be sent to you if you decide to go ahead with your chosen agreement.

 

If there are any terms we use that you’re unsure of, take a look at our Glossary.

Got a question? Please speak to your local Showroom, you’ll find their details here.