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

 

Agility (Personal Contract Plan)

Hire Purchase

Operating Lease

Contract Hire

Finance Lease
Commission payment made to agent/retailer which could increase cost of finance Yes Yes Yes Yes Yes
Term 24-60
24-60 24-60 24-60 24-60
Minimum to maximum annual mileage for all Mercedes-Benz vans Mileage limits vary by Van model. Please speak to your local Dealer for more details. Mileage limits vary by Van model. Please speak to your local Dealer for more details. Mileage limits vary by Van model. Please speak to your local Dealer for more details. Mileage limits vary by Van model. Please speak to your local Dealer for more details. Mileage limits vary by Van model. Please speak to your local Dealer for more details.
Annual Percentage Rate (APR) charged Yes Yes No No No
Deposit needed Yes Yes Advance rental 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 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 and VED Yes
Taxation (Customers Are Advised To Seek Professional Advice)*** VAT registered businesses may be able to reclaim VAT on the vehicle sales price. Write down allowances may also apply with interest costs allowable as a business expense.  VAT registered businesses may be able to reclaim VAT on the vehicle sales price. Write down allowances may also apply with interest costs allowable as a business expense.  VAT registered businesses may be able to reclaim all or part of the VAT element of the monthly rental. Your rentals may be tax allowable. VAT registered businesses may be able to reclaim all or part of the VAT element of the monthly rental. Your rentals may be tax allowable. VAT registered businesses may be able to reclaim all or part of the VAT element of the monthly rental. Your rentals may be tax allowable.
Vehicle Excise Duty (VED) included in monthly rental?** No No No Yes No
Ownership possible?  Yes Yes No No No
Final lump sum payment to take ownership at end of agreement? Yes (incl. Option to Purchase fee of £10) No. Only in the case of Hire Purchase with balloon is there a final lump sum (incl. Option to Purchase Fee of £10) N/A N/A Please see 'Options at end of your agreement' below.
Finance secured against the vehicle? Yes Yes Yes Yes Yes

Option to settle the agreement early?

Yes, you would need to request an Early Settlement Quote

Yes, you would need to request an Early Settlement Quote

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.

No

Right to Voluntary Terminate and return the vehicle? 

Yes - providing agreement is regulated.

Yes - providing agreement is regulated.

No

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

No - but vehicle condition and mileage will affect the potential sale price of the van at the end of the lease

Options at the end of your agreement

- Buy your next Mercedes-Benz. Speak to your local dealer 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 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 dealer 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 on returning your vehicle 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 on returning your vehicle here.

'-Extend your agreement for a fixed period. To do this, you pay a ‘peppercorn’ payment, which is equal to one month’s rental per year.

'- Once all outstanding finance on your vehicle has been paid, including any balloon payment, you can arrange the sale of the vehicle on our behalf to an independent third party. We then invoice them and return 95% of the proceeds to you. 

'- Once all outstanding finance has been paid, including any balloon payment (if applicable), you can ask us to sell the vehicle and we'll then return 95% of the sale price to you (minus administration costs). 

 

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