*- 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
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.
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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.