How Contract Hire works
Gives you the ability to enjoy driving a Mercedes-Benz including the cost of the Vehicle Excise Duty without having to take on full ownership.
- Pay an advance rental at the start of your agreement.
- You’d only repay part of the vehicle’s value, keeping your monthly rentals low.
- Just make these payments until your agreement comes to an end.
- Fixed regular monthly payments (that include VAT).
- Payments cover the cost of the Vehicle Excise Duty.
- Monthly payments are based on your annual mileage decided at the start of your agreement.
- MOT reminders.
- Administration of any speeding and parking fines when necessary.
- Repair and maintenance options.
- BUSINESS CUSTOMERS ONLY: Rentals are allowable against taxable profits.
- BUSINESS CUSTOMERS ONLY: Reclaimable VAT depending on usage (proportionally).
At the end of your agreement
Contract Hire Summary