It combines fixed monthly payments with exceptional flexibility at the end of the agreement. Based on a calculation of your car’s Guaranteed future value, pre-agreed annual mileage and your preferred change cycle) and is deferred as a final payment. Personal Contract Hire gives you the ability to enjoy driving Mercedes-Benz without having to take on full ownership.
- The amount we receive from finance providers and product types can vary.
- We might even be able to help if you’ve had a CCJ in the past or are receiving benefits.
- We are licensed credit brokers, regulated by FCA. We can advise you on the best finance product for your situation and the car that you are buying.
- If you’ve just been refused finance, try not to make a new application straightaway.
With 4,229 cars available on Auto Trader, we have the largest range of value cars for sale across the UK. All finance information is based upon a 36 month term, a £1,000 deposit and 10,000 mile/year. Limited time offer on new and approved used Mercedes-Benz cars Our car finance checker will help you determine if you are eligible for finance. You can also search cars with personalized prices. It allows you to spread out the cost of your vehicle’s overall cost over a set period.
Understanding My Finance Choices
CarFinance 247 will provide you with a quote and it will not affect your credit score. You are also under no obligation to move forward. We’ll only carry out a hard search if you choose to move forward with a loan. We can offer financial assistance as well as a part exchange service for your vehicle to facilitate your purchase. Sometimes called Hire Purchase with a Balloon, Lease Purchase is similar to Personal Contract Purchase or PCP car financing. Return the vehicle to the finance company and if you have not exceeded the agreed mileage, there is nothing more to pay.
Mercedes-Benz Finance offers a variety of financing options to meet your business needs. This payment plan is more suitable for Business Users, but becoming more common for personal users via “PCH”), effectively allows you to pay your bills. to ‘hire’ vehicles as opposed to owning them. Mercedes-Benz cars are synonymous with quality with each car combining the latest technology with a smooth drive and an authentic premium feel. We offer a wide selection of used Mercedes-Benz cars, including the C Class (A Class), A Class (GLA Class) and GLA Class (GLA Class).
Fleet & Business Offers
To get all the details about the model you are interested in, please fill out the form. Magnitude Finance is part of the DSG Group, which consists of fintech companies that provide car finance solutions for UK businesses and individuals. Here, you ‘hire’ the car from a Mercedes retailer until your finance plan is complete. Magnitude believes there is a perfect model of finance for every client. For this reason, we deal with a great range of finance products that our clients can freely choose from. The endless range of cars for you to choose from speaks to such extensive choice.
The amount that they pay us will not affect the amount you pay under the finance agreement, all of which are set by the lender. Before you sign your finance agreement, please email us for more information. Operating Lease is a solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.
How Can I Get Bad Credit Mercedes Finance?
Your monthly rental is based on the difference in the vehicle’s initial value and its projected residual value at your end of the agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower. With a Contract Hire agreement, you can choose from our ‘No Maintenance’, ‘Service Only’, ‘Full Maintenance’ or ‘Full Maintenance with Tyres’ options. This means the costs are fixed over the term of the agreement allowing you to budget easier and reducing any unexpected costs.
Contract Hire is, as the name suggests, a contract to hire the car for a specified period of time. Typically, it is 2, 3, or 4, years. There is a limit on the mileage. Advance rentals can be as little as 1 monthly rental, though are more usually 6 months. We can help you understand the tax advantages that VAT registered businesses have.
Meet The Range
The most popular way to buy a Mercedes-Benz in the UK is by financing it. It provides the flexibility of purchasing a vehicle, without having to pay a large lump sum of cash upfront. Mercedes-Benz’s sub-brand EQ stands for its dedicated electric vehicles. When it was launched in 2019, the EQC was Mercedes-Benz’ first all-electric vehicle to arrive in Britain. Mercedes-Benz cars are a great choice for commuters and families. They are reliable, practical, and have low running costs. Simply return your vehicle with nothing more to pay, subject to it being in line with our Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.