Finance Options for your Mercedes-Benz

We know that budgeting for a new car requires careful planning. There’s no such thing as an easy and cheap way to buy a car; they are a major purchase and it’s important that you can afford the car you choose.

To take the stress of budgeting for your car out of your hands, we have a series of finance options that spread the cost of a new car over a number of months.

Read below to find out what each one entails to find the plan that appeals to you.


PCP

PCP (Personal Contract Hire).

  • Pay a deposit to secure the car (typically 10 percent of the purchase price). This payment can be made with cash, through a trade-in or your current car, or a combination of the two.
  • We set a predicted value for your car at the end of the three years. Using this figure, we then arrange a monthly payment that covers the deprecation value of the car.
  • At the end of the contract (usually three years), you decide whether to return the car to buy it by paying the remaining cost or part-exchange it for a new model.

With PCP, you don’t have to worry about your car losing its value as this is already taken care of. You get to drive a brand new car for three years, and as you’re spreading the cost over a number of months, it’s easier to budget for your dream Mercedes-Benz.


Hire Purchase

This plan is a way of purchasing your car through a series of payments rather than one lump sum.

  • Pay an agreed deposit that’s a fraction of the cost of the model you choose.
  • We split the remainder of the cost over a number monthly payments.
  • At the end of the plan, you will own the car.
By purchasing your car through this plan, you can budget for the model and trim level you want and still enjoy driving the car for years to come.

Contract Hire

Contact Hire is tailored to businesses and involves a long-term lease.

  • The contract starts when you select the cars and make an initial payment.
  • You pay fixed monthly payments for an agreed duration that you will use the cars for.
  • When the plan comes to an end, simply return the cars to us.

With this plan, you don’t have to worry about the paperwork at the end of the contract or the deprecation that comes with owning a fleet. Therefore, you can put this money back into your business.


Apply for Finance

If you would like to get started with a finance plan for one or more Mercedes-Benz cars, please make an enquiry. One of the Connolly Motor Group Mercedes-Benz experts will be in touch shortly to guide you through the options.


PCP Video