Hire Purchase is a simple and straightforward method of leasing which leads to ownership of a vehicle. This is the perfect leasing option for you and your business if you are looking to work your way up to full ownership of a Mercedes-Benz. Hire Purchase agreement helps companies by removing concerns about the depreciation of their vehicle's value.
How does Hire Purchase work
A Hire Purchase agreement begins with the payment of a deposit, which is usually between 10 and 50 percent of the retail value of your chosen Mercedes-Benz model. A term of repayments, usually between 12 and 60 months, is also negotiated with one of our dedicated Business Development Managers. Throughout the term of agreement you pay the regular instalments over the agreed term until the remainder of its value is repaid.
The level of monthly expense that you pay is dependent on three factors: the retail price of the Mercedes-Benz, the size of the deposit paid, and the length of the repayment period. Once all of these factors have been finalised and you have paid a small administration fee followed by all your repayments, and then your Mercedes-Benz is yours.
Advantages of Hire Purchase
A simple route to ownership - fixed payments over an agreed term
Flexible deposit and repayment period options
Fixed interest rate and payments making budgeting easy
No mileage conditions, meaning you can drive your Mercedes-Benz as little or as often as you want
Manage your agreement online with Mercedes me finance, available via Mercedes me.
To find out more about our offers on Hire Purchase contact your local Lookers Business Solutions retailer.