Mercedes-Benz Contract Hire

Contract Hire gives you the ability to enjoy driving a Mercedes-Benz without having to take on full ownership. With this option you lease your vehicle for a fixed period and for a fixed monthly rental. This rental includes the cost of your vehicles Road Fund Licence for the duration of your agreement.

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.

With a Contract Hire agreement, you can choose from our ‘No Maintenance’, ‘Service Only’, ‘Full Maintenance’ or ‘Full Maintenance with Tyres’ options. This means the costs are fixed over the term of the agreement allowing you to easily manage your budget and reduce any unexpected costs.

Features include:

  • No need for a large initial deposit.
  • Pay an advance rental upfront.
  • Fixed regular monthly rentals (that include VAT) means you can easily budget.
  • Rentals are based on your annual mileage agreed at the start of your agreement.
  • We will also administer any speeding and parking fines when necessary.
  • Repair and Maintenance options are also available.
  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally).
Contract Hire

Mercedes-Benz Operating Lease

Is a solution for those who want to drive one of our vehicles over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

At the start of your agreement you pay an advance rental upfront. Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial expense and keeps monthly payments lower.

Features include:

  • Pay an advance rental upfront.
  • Fixed regular payments means you can easily budget.
  • Rentals are based on your annual mileage agreed at the start of your agreement and only on a proportion of the vehicle’s value, keeping your monthly payments lower.
  • Rentals are allowable against taxable profits (proportionally).
  • VAT is reclaimable depending on usage (proportionally).
Lease

Mercedes-Benz Finance Lease

Finance Lease allows your vehicle to appear as an asset on your balance sheet, without the option of ownership as you hire a vehicle for a fixed period.

At the start of your agreement you decide on the length of your agreement and pay an agreed number of advanced rentals up front. These rentals are based on the vehicles value over the term of your agreement.

Alternatively you could opt for a lump sum payment. This option features a large payment that is due at the end of the agreement. This will reduce your regular payments. Then throughout your agreement you make regular instalments until your agreement comes to an end.

Features include:

  • Fixed regular payments enable you to easily budget.
  • The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.
  • Payments are not based on annual mileage.
Finance Lease