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.

Payments can be tailored to suit the individual customer’s requirements, this could include a final ‘balloon payment’ at the end of the term.

Customer Benefits

•      •  Part of a complete financial package, including insurance
•      •  Build up equity in vehicle
•      •  Payments tailored to suit individual needs
•      •  Simple user-friendly documentation
•      •  Competitive fixed rates

Contract Term

•      •  Minimum: 6 months
•      •  Maximum: 60 months

Vehicle Ownership

Title of the vehicle transfers to the customer once all payments are made and Mercedes-Benz Financial Services no longer has an interest in the vehicle.

Insurance Requirements

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 Services
•      •  Refinance the amount of the balloon payment for a further term
•      •  Trade or sell the vehicle and settle the amount owing