Mercedes-Benz Finance Your finance options guide.

Transcription

1 Mercedes-Benz Finance Your finance options guide. S & B Commercials Welham Green Stansted West Thurrock T: E: enquiry@sbcommercials.co.uk W:

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3 Choosing Mercedes-Benz is just the start We are the only finance partner who has the full backing of our manufacturer, Mercedes-Benz, and we only finance Mercedes-Benz products. All of this means that no-one else can provide you with more in-depth product support and assistance whenever you need it. One of the best things about using Mercedes-Benz Finance to purchase your van is that you gain not just the best van on the market. You also have a new business partner who will be with you every step of the way. Our expert business team and your local dealer will help ensure you get the van and finance package that s right for you. 02

4 Our full range of products at a glance Your quick guide to what suits you and your business best Agility (Page 4) Contract Hire (Page 6) Operating Lease (Page 8) Finance Lease (Page 9) Hire Purchase (Page 10) I would like the option to own my vehicle at the end of the finance agreement 3 3 No large initial deposit Fixed monthly payments A Guaranteed Future Value will reduce monthly payments 3 Flexible deposit and repayment period Reduces the risk of unplanned depreciation I would like to change my vehicle every 3-5 years Rentals include Road Fund Licence for length of agreement 3 Payments are not linked to agreed contract mileage 3 Mercedes-Benz Service Driving business forward 03

5 Mercedes-Benz Agility At Mercedes Benz we offer a range of options for you to fund the purchase of your new van. One of our most popular finance products is Mercedes Benz Agility. How does Mercedes Benz Agility work? At the start of the agreement your Business Manager will advise you of the Guaranteed Future Value for your van based on the mileage that you expect to cover during the course of your agreement. This Guaranteed Future Value is equal to the final Optional Purchase Payment but you don t have to decide to make this payment until the end of the agreement. In the meantime, you simply choose how long you want to keep the van, how much you d like to pay as an initial deposit and the monthly payments that suit you best. When the agreement comes to an end you can either purchase, return or part-exchange the vehicle. When returning the vehicle it must meet our Vehicle Return Standards and be within your agreed mileage as charges may apply. The benefits of Agility Defer the decision to own the van outright until the end of the agreement. Decide upon the level of deposit and monthly repayments that suit you best. Avoid the risk of unplanned depreciation with the Guaranteed Future Value which gives you the benefit of lower monthly payments % Mercedes-Benz. Mercedes-Benz Finance

6 Purchase process of your vehicle Option 01: Purchase your Mercedes Benz by paying the Optional Purchase Payment. Please note that a Purchase Activation Fee will be debited from your account. To find out how much this is, please look at your agreement under the other financial information section. This will complete the purchase of your Mercedes Benz. Option 02: Hand back your Mercedes Benz. If you decide to return the van to us, it s vital that you check your Mercedes Benz for any unacceptable damage beforehand. Fees can easily be avoided if you follow our Vehicle Return Standards and adhere to your agreed mileage. Deposit Monthly payments calculated based on anticipated mileage during term Choice of 3 options Option 03: Purchase and part-exchange your Mercedes Benz for a brand new one. Please note that a Purchase Activation Fee will be debited from your account. To find out how much this is, please look at your agreement under the other financial information section. This will complete the purchase of your Mercedes Benz, leaving you free to part-exchange for a new vehicle. Mercedes-Benz Service Driving business forward 05

7 Mercedes Benz Contract Hire Contract Hire can be a great way to reduce the hassle of running a commercial fleet. It requires no capital investment and the vehicle is not shown as an asset on your balance sheet. Lease term Monthly rentals calculated based on only a proportion of the vehicle s value Return of the vehicle % Mercedes-Benz. Mercedes-Benz Finance

8 How does Mercedes Benz Contract Hire work? Instead of owning the vehicle or vehicles, you hire them for a fixed period typically 3 to 5 years for a fixed monthly fee. This fee is based on the difference between the initial value of the vehicle and its projected value at the end of the agreement, meaning you repay only a proportion of the vehicle s values. With a Contract Hire agreement you avoid any concerns about the future value of your vehicle or selling it on at the end of your agreement you simply hand it back subject to the vehicle not exceeding its agreed mileage and meeting the vehicle return standards, as charges may apply. The benefits of Contract Hire With this option your vehicle is hired to you for an agreed time. Your repayments are based on the difference between the price of the vehicle at the start of the period and its projected value at the end. By repaying only a proportion of the vehicle s value, your payments are kept low. Rentals allowable against taxable profits. Totally fixed and predictable costs for running your vehicle or fleet. Outsourced administration and management. Additional credit lines. What s Covered? Road Fund Licence. 24 hour roadside assistance, 365 days a year. Depending on what suits you and your business, you can also add: All scheduled maintenance. All necessary repairs including brake pads and clutches. Replacement vehicle in the event of breakdown. Tyre replacements. Maintenance for vehicle equipment such as cranes, fridges and tail-lifts. Collection and delivery of vehicles for scheduled maintenance. Out of hours servicing. Windscreen cover. Fixed penalty administration. Mercedes-Benz Service Driving business forward 07

9 Mercedes Benz Operating Lease Lease term Operating Lease minimal deposit and low monthly rentals. This makes it a lower cost solution that provides a premium vehicle for a fixed period. How does Mercedes Benz Operating Lease work? Monthly rentals are based on the difference between the price of the vehicle at the start of the agreement and its projected residual value, plus interest charged. Therefore, you only repay a proportion of the vehicle s value which avoids any large initial outlay and reduces the monthly rental. At the end of the lease period the vehicle is simply returned, freeing you from any further obligations, (subject to your agreed mileage not being exceeded and the vehicle meeting return standards as charges may apply). The benefits of Operating Lease With this option your vehicle is hired to you for an agreed time. Your repayments are based on the difference between the price of the vehicle at the start of the period and its projected value at the end. Because you only repay a proportion of the vehicle s value, your payments are kept low. Rentals allowable against taxable profits. Add Service Package Plus for peace of mind and easier budgeting. Monthly rentals calculated based on only a proportion of the vehicle s value Return of the vehicle % Mercedes-Benz. Mercedes-Benz Finance

10 Mercedes Benz Finance Lease Lease term If you want your vehicle to appear as an asset on your balance sheet, but you don t want to opt for ownership, then a Finance Lease can provide the perfect solution. With a Finance Lease, a vehicle is hired to you for a fixed period without the option of ownership. You agree an initial rental amount and pay this amount either monthly or quarterly for the life of the agreement. How does Mercedes Benz Finance Lease work? With a Finance Lease, a vehicle is hired to you for a fixed period without the option of ownership. You agree an initial rental amount and pay this amount either monthly or quarterly for the life of the agreement. The benefits of Finance Lease Fixed regular monthly payments. Rentals are allowable against taxable profits. Eliminates capital expense. On balance sheet financing. No mileage conditions. At the end of the agreement you hand back the vehicle or sell it to an independent third party and receive 95% of the net sale proceeds. Choice of options Mercedes-Benz Service Driving business forward 09

11 Mercedes Benz Hire Purchase Purchase process of your vehicle Hire Purchase is an ideal choice for anyone looking at finance options that involve vehicle ownership. Put simply, Hire Purchase allows you to spread the payments for a vehicle over an agreed period of time. Once all of the payments have been made the vehicle is yours. How does Mercedes Benz Hire Purchase work? Hire Purchase allows you to spread the payments for a vehicle over an agreed period of time. Once all of the payments plus the option to purchase fee have been made the vehicle is yours. The Benefits of Hire Purchase Interest is allowable against taxable profits. Writing down allowances are claimable. It provides an additional line of credit. Vehicle is shown as an asset on the balance sheet. Regular payments are kept low if an end of agreement lump sum is selected. Repayments are not subject to VAT. Deposit Monthly payments % Mercedes-Benz. Mercedes-Benz Finance

12 Service Contracts Wouldn t it be good to know what lies ahead on the road? With Service Care you can. Thanks to Service Care, the upkeep of your van is one less thing to worry about. Not only do you get a service you can trust, at a price you can count on, but you can choose the payment method that best suits you and your business. Service Contracts start here Allowing you to plan ahead. Just ask a member of staff for more details. Monthly payments Simply choose the number of services you would like to include in your Service Care plan to determine your monthly payments. Depending on whether you are purchasing a new van, or are an existing or used van customer, you can choose between two to six services.** Up front payment If you would prefer to avoid ongoing monthly payments for your Service Care plan, simply discuss the option of paying up front for your preferred number of services with us. As with a monthly payment schedule, you can choose between two to six services over the course of your plan. A Daimler Brand * Based on a manual Citan with monthly payments spread across 36 months. Prices exclusive of 20% VAT. ** Two services are available on existing, used and fleet contracts. Mercedes-Benz Service Driving business forward 11

13 Peace of mind when you need it most Mercedes Benz Van Insurance First Cover 7 Days complimentary Van Insurance Our Van Insurance has been specially created for Mercedes-Benz van operators. It offers extensive cover and is designed to get you on the road and to keep you there. The benefits include: Guaranteed Mercedes-Benz GenuineParts at a Mercedes-Benz Approved Repairer. Tool Cover, up to 500 (whilst tools are inside your Van). Repairs guaranteed for 3 years. Replacement vehicle (to the same make and specification if available) if written off or stolen and not recovered within 6 months of purchase from new. Unlimited satellite and audio equipment cover (manufacturer or factory fitted). 24hr UK accident recovery. Personal belongings cover up to 100. Replacement lock cover. No Claims Discount available. Glass Cover, subject to any policy excess applying. Medical expenses up to 100 and emergency treatment. Optional No Claims Discount Protection. Cover for accessories and spare parts if they are in or on your van and are stolen or damaged. Get an instant quote online using our instant Quote & Buy tool at mbvans.co.uk/vaninsurance Mercedes-Benz First Cover offers 7 days free comprehensive Van Insurance. To take advantage, all you need to do is obtain a no-obligation Mercedes-Benz Van Insurance annual quotation. For a no obligation quote, please call Mercedes-Benz Van Insurance on Mercedes-Benz Van Insurance is underwritten by Aviva Insurance Limited. Mercedes-Benz Service Driving business forward 12

14 Mercedes Benz Finance Mercedes Benz Finance is a trading name of Mercedes Benz Financial Services UK Limited. A Daimler Company. Tongwell, Milton Keynes MK15 8BA, United Kingdom. Tel: mbvans.co.uk Mercedes Benz Van Insurance is arranged by Daimler Insurance Services UK Limited and underwritten by Aviva Insurance Limited. Registered in Scotland, No Registered Office: Pitheavlis, Perth PH2 0NH. Daimler Insurance Services are authorised and regulated by the Financial Conduct Authority. Aviva Insurance Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. For joint protection calls may be recorded and/or monitored. We may decline to quote in some circumstances, meaning the 7 day complimentary cover cannot be given. This brochure provides only an outline of the benefits of the insurance cover available and does not constitute full terms and conditions. Though accurate and up to date at the time of going to press (03/2015), details may change without prior notice. MBCW178/03/15