A Business Lease Agreement gives business customers immediate use of the vehicle with minimal outlay. Rentals are fixed for the term of the lease, with a final payment based on the residual value. This value is set at the commencement of the contract and is the customer's responsibility.
Payments can be structured to suit the business customer’s requirements, which may include a final 'balloon payment' at the end of the term.
Business Customer Benefits
- • Part of a complete financial package, including insurance
- • Potential tax benefits for business customers
- • No or minimal outlay required, thus freeing up cash for other purposes
- • Incorporating a residual payment means payments are kept down, making
- it more affordable
- • Simple user-friendly documentation
- • Competitive fixed rates
Agreement Term
- • Minimum: 6 months
- • Maximum: 60 months
Insurance Requirements
Customers are required to maintain a comprehensive insurance policy over the vehicle.
End of Term
If the contract has a residual payment, the following three options are available to you:
- • Pay the full amount of the residual payment to Mercedes-Benz Financial Services
- • Refinance the amount of the residual value for a further term
- • Trade or sell the vehicle and settle the amount owing