Mercedes leasing - Funding options

There is a huge amount of terminology and jargon used when it comes to the different methods of buying or running new and used vehicles.

Virtually every finance and leasing company have their own way of describing or labelling products but it is really very simple. There are for example only two types of lease, there may be twenty different labels for each but they all describe the same products and are there mainly in an attempt by the finance companies to separate their product from the competition.

At Mercedes Leasing, we are here to advise you which is the best type of lease product for you. We have produced some information sheets which clearly describe how they differ and identify which one would suit your needs best.

Operating Lease

This is really just a long term rental with the car going back to the finance company at the end of the contract and the disposal of the vehicle being their responsibility,  you are responsible for insuring and maintaining the car unless this is built into the contract at an additional cost.... Find out more

Finance Lease

Very similar to an operating lease except that the disposal of the car at the end of the contract is the responsibility of the customer with any loss or profit  in relation to the final payment or residual value also being the customer’s responsibility.... Find out more

Hire purchase

A method of gaining ownership of the car by spreading the payments, terms are generally between one and five years with no VAT implications, the total cost of the vehicle including VAT being spread over the contract period.... Find out more

Outright Purchase

Although providing the customer with tremendous flexibility outright purchase can tie up valuable cash. ..... Find out more