How Hire Purchase works

This is the perfect way to buy a Mercedes-Benz if you want to work your way up to full ownership, spreading the overall cost over a fixed term.

Decide the amount you would like to put down as a deposit on your chosen vehicle and agree the term of your agreement. Then throughout the term of your agreement you pay the regular instalments over the agreed term until the remainder of its value is repaid.

Hire Purchase features:

  • Fixed regular payments means you can easily budget
  • A flexible deposit and repayment term means you can tailor the financial agreement to suit you
  • Monthly payments are not based on annual mileage
  • The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits

At the end of your agreement:

You will own the vehicle outright, once your final payment is made as well as the Option to Purchase fee.

Click here to find out more about our Hire Purchase offer.