A Consumer Credit Agreement is designed for individuals who use their vehicle mostly for private purposes, and who wish to ultimately own the vehicle at the end of the term. Consumer Credit Agreement's are designed to be flexible and enable you to tailor your payments to suit your individual requirements, this could include a final ‘balloon payment’ at the end of the term.
Part of a complete financial solution, including insurance
Build up equity in vehicle
Payments tailored to suit individual needs
Simple user-friendly documentation
Competitive fixed rates
Minimum: 6 months
Maximum: 60 months
Title of the vehicle transfers to the customer once all payments are made and Mercedes-Benz Financial no longer has an interest in the vehicle.
Customers are required to maintain a comprehensive insurance policy over the vehicle.
End Of Term
Once final payment is made, full ownership transfers to the customer. If the contract has a balloon payment, there are various options available to the customer:
Pay the full amount of the balloon payment to Mercedes-Benz Financial
Refinance the amount of the balloon payment for a further term
Trade or sell the vehicle and settle the amount owing