Personal Finance Options.

Mercedes-Benz Personal Finance Options


Hedin Automotive London Ltd provides a variety of Mercedes-Benz finance and leasing options including Personal Contract Plan (PCP), Hire Purchase (HP), Personal Contract Hire (PCH), and personal lease.

Our range of quality New and Approved Used Mercedes-Benz Cars all come with competitive finance options for you to choose from.

It has never been simpler to become a Mercedes-Benz owner with transparent finance from Hedin Automotive London Ltd. Whether you prefer a Hire Purchase or Personal Contract Plan - all the information you need is here.

Always here for you

Please contact us, if you have any questions relating to your current finance agreement.

You can reach our Finance Specialist by either clicking below or emailing us at loyalty.mercedes-benz@hedinautomotive.co.uk. Our Specialists are available Monday to Friday from 9.00am – 5.00pm.

We will aim to get in touch with you within 48 hours.

Agility (PCP) Frequently Asked Questions

How does Agility work?

 

At the start of an Agility PCP agreement, you decide an amount you would like to put down as a deposit and decide the term of your agreement as well as your annual mileage. Your Finance Specialist at your local retail site will advise you of the Optional Purchase Payment of your chosen Mercedes-Benz, which offers you the reassurance of knowing exactly what you will need to pay to own the vehicle outright in the future (this is known as the Optional Purchase Payment).


The Optional Purchase Payment helps you guard against the risk of unplanned depreciation and enables you to benefit from lower monthly payments as you are only financing a proportion of the vehicles value.

Throughout your agreement you simply pay your agreed monthly payments.

What does Agility include?


• Fixed regular payments mean you can easily budget.
• Payments are based only on a proportion of the vehicle’s value, keeping your monthly payments lower.
• Our Optional Purchase Payment avoids the risk of unplanned depreciation of your vehicle.
• You defer your ownership decision until the end of the agreement.
• Manage your agreement online with Mercedes me finance, available via Mercedes me.

What happens at the end of the agreement?

 

Purchase your vehicle

Purchase your Mercedes-Benz by paying the Optional Purchase Payment and Purchase Activation Fee of £10. This will complete the purchase of your Mercedes-Benz, leaving you free to simply enjoy your vehicle.

Hand back your vehicle

If you decide to return your vehicle to us, it must be in line with our Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.

Part-Exchange for a new vehicle

Pay the Optional Purchase Payment and Purchase Activation Fee of £10. This will complete the purchase of your vehicle, allowing you to part-exchange for a new Mercedes-Benz.

 

What important information do I need to know?

 

• The vehicles value at the end of the agreement may be less than the Optional Purchase Payment, you can exercise your right to return the vehicle.
• Ownership of vehicle will not pass until all payment have been made including the Purchase Activation Fee.
• If you do not maintain payments in line with the finance agreement you are at risk of repossession.
• If you opt to return the vehicle at the end of the contract or through Voluntarily Termination the agreement of Vehicle Return Standards will still apply.
• The full term mileage will be agreed at the start of the agreement, should you elect to return the vehicle and have exceeded the agreed mileage a pence per mile charge will apply.
• You are required to have comprehensive insurance for the full term of the agreement.
• You are not permitted to sublet the vehicle during the term of the contract
• Administration charges may be applicable due to late repayments or altering of payment dates.
• Full details will be provided prior to committing to the agreement in the Pre-Contract Consumer Credit Information.

Hire Purchase (HP) Frequently Asked Questions

How does Hire Purchase work?

 

You choose how much you'd like to put down as a deposit and how long you want your agreement to last. The Finance Specialist at your local Showroom will then work out your monthly payments. At the end of the agreement, providing you’ve made all the payments, you'll own the vehicle.

What does Hire Purchase include?

• A flexible, personalised deposit and repayment term means you can tailor the financial agreement to suit you.
• Fixed regular payments means you can easily budget.
• Monthly payments are not based on annual mileage.
• Full vehicle ownership at the end of the agreement.

What happens at the end of the agreement?

 

This finance method ensures that once your final monthly payment is made, as well as the Option to Purchase Fee of £10, you will own the vehicle fully.

 

What important information do I need to know?

 

• Ownership of vehicle will not pass until all payment have been made including the Purchase Activation Fee.
• If you do not maintain payments in line with the finance agreement you are at risk of repossession.
• You are required to have comprehensive insurance for the full term of the agreement.
• You are not permitted to sublet the vehicle during the term of the contract
• Administration charges may be applicable due to late repayments or altering of payment dates.
• Full details will be provided prior to committing to the agreement in the Pre-Contract Consumer Credit Information.

Personal Operating Lease Frequently Asked Questions

What is a Personal Operating Lease?

A Personal Operating Lease, also known as a personal contract hire (PCH), is a long-term rental agreement for individuals. With this lease, you pay fixed monthly rentals for the use of a vehicle for a set period without owning it. At the end of the agreement, you simply return the vehicle.

What does the monthly rental include?

The monthly rental typically covers the cost of the vehicle's depreciation during the lease term, plus any additional services you've opted for such as maintenance and road fund license. However, it's essential to review the specific terms of your agreement as they may vary.

Are there mileage restrictions on Personal Operating Leases?

Yes, Personal Operating Leases usually come with mileage restrictions. Exceeding the agreed-upon mileage limit may incur additional charges at the end of the lease term. It's crucial to estimate your annual mileage accurately to avoid unexpected costs.

Can I modify the leased vehicle during the contract?

Generally, you cannot modify the vehicle during the lease term without prior approval from the leasing company. Any modifications made without permission could result in penalties or additional charges at the end of the lease. Always consult with the leasing provider if you're considering any alterations to the vehicle.

Found a finance path to suit your needs? View our range of New Mercedes-Benz Cars or selected Approved Used Mercedes-Benz Cars available to order today with your preferred finance option.

Got a Question?

Discuss our finance options further by contacting us.

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