You choose how much you'd like to put down as a deposit, whether you would like a balloon payment and how long you want your agreement to last. Your local Dealer will then work out your monthly payments. At the end of the agreement, providing you’ve made all the payments (including any balloon if necessary), you'll own the vehicle.

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

At the start of your agreement you’ll need to pay your chosen deposit amount. Throughout your agreement you’ll then make monthly payments. At the end of the agreement, providing you’ve made all the necessary payments, you’ll own the vehicle.

Hire Purchase could be the right choice for you if:

1. You want to own your vehicle outright at the end of the agreement.

2. You want to spread the overall cost of your vehicle over a fixed term, with the certainty of fixed monthly payments.

Hire Purchase may not be the right product for you if you want to minimise your monthly payments, or don’t want the commitment of ownership 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 for your Mercedes-Benz, please visit the Comparison Table or our Finance Products FAQ page.

When you’ve made all of your monthly payments, as well as the Option to Purchase Fee of £10, you'll own the vehicle outright. You can then buy your next Mercedes-Benz. Alternatively, you can sell your vehicle to a third party at any point in your agreement providing all outstanding finance is settled.

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 Dealer – you’ll find their details here .