You choose your upfront rental, how many miles you expect to drive each year, and how long you want to keep the vehicle. Your local Dealer 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).

When all monthly rentals 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 that 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.

Once your agreement begins, you’ll make monthly rental installments 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 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 and VED), 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. 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 products we offer, please visit the Comparison Table or our Finance Products FAQ page.

As long as all your monthly rentals and any charges (such as parking or speeding fines) have been paid, you can return your vehicle to us.

 

Your vehicle will be assessed against our Vehicle Return Standards (VRS). 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 damage charges outside fair wear and tear.

 

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, subject to new credit checks at the time of your application. Ask your local Dealer for more details, as you approach the end of your agreement.

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 .

The Mercedes-Benz App gives you access to the world of Mercedes-Benz and is also the home of the Mercedes-Benz Finance Portal, where you can manage your agreement 24 hours a day, seven days a week.

With the Mercedes-Benz Finance Portal you’ll be able to:
1. View your documents.
2. Update your contact details.
3. Change your bank account.
4. Change your monthly payment date to a more convenient day of the month for you.
5. Make payments.
6. Request an Early Settlement quotation.

To access the Mercedes-Benz Finance Portal, you must first register for the Mercedes-Benz App on the page linked below. You can then create a Mercedes-Benz Finance Portal account and verify your agreement within the Mercedes-Benz Finance Portal under the “Manage my agreement online” link. Don’t forget to have your agreement number and vehicle registration number to hand.


Register