A Mercedes-Benz can range from an A-Class to an E-Class, an electric model or a high-performance AMG, so finance needs can vary. Mercedes-Benz car finance can spread the cost while giving you a choice of agreements based on whether you want to own the car, change it regularly or simply use it for an agreed period.
Enjoy Finance helps you understand the options and compare what may be available through third-party providers. We do not provide finance directly, and the website contains affiliate links.
How does Mercedes-Benz Car Finance work?
Most agreements begin with an upfront payment or deposit followed by fixed monthly payments over an agreed term. What happens at the end depends on the type of finance you choose.
The amount you pay can be affected by the Mercedes-Benz model, purchase price, deposit, agreement length, interest rate, expected mileage and any optional final payment. Financing a used C-Class can therefore look very different from funding a new GLE or Mercedes-AMG model.
Mercedes-Benz Agility and PCP
Mercedes-Benz calls its Personal Contract Purchase product Agility. You choose your deposit, agreement length and expected annual mileage, and the monthly payments are calculated alongside an Optional Purchase Payment at the end.
Once the scheduled payments have been made, you can usually choose to keep the vehicle by paying the Optional Purchase Payment, use its value towards another Mercedes-Benz, or return it subject to the agreement terms.
This can suit drivers who like changing cars every few years rather than keeping the same vehicle long term. Mileage matters too. If you return the car after exceeding the mileage allowance, excess mileage charges may apply.
What is PCP car finance? Read more about PCP before deciding whether this structure suits you.
Hire Purchase for a Mercedes-Benz
Hire Purchase takes a more direct route towards ownership. You choose a deposit and finance term, then repay the remaining balance plus interest through fixed monthly payments. Once the required payments and any applicable purchase fee have been made, the car becomes yours.
Monthly payments may be higher than on an equivalent PCP arrangement because there is no large optional final payment reducing the regular instalments.
HP may suit someone buying a Mercedes they expect to keep for several years, particularly in the used market.
Our wider car finance guide explains how common finance structures compare.
Leasing a Mercedes-Benz
If ownership is not important, Contract Hire provides another route. You pay an initial rental followed by fixed monthly rentals for an agreed term and mileage. At the end, the Mercedes-Benz is returned.
Charges can apply for excess mileage or damage outside the return standards in the agreement. Mercedes-Benz also allows servicing packages to be included with some Contract Hire agreements, helping you account for scheduled servicing within the monthly cost.
PCP and leasing can appear similar because both can end with the car being returned. The main difference is that PCP provides an option to buy the vehicle, while Contract Hire is designed around returning it.
Look at current Mercedes-Benz offers before choosing
New-car finance can be affected by manufacturer promotions. Mercedes-Benz publishes model-specific finance offers that can change according to the vehicle, available stock and promotional period.
An offer may include a particular APR or saving, but compare it with the overall cost of the agreement. A lower interest rate does not automatically make one deal cheaper if the purchase price, deposit or final payment is different.
When researching Mercedes-Benz car finance, compare current manufacturer offers with other funding routes available to you rather than relying on the monthly payment shown in an advert.
Financing a new or used Mercedes-Benz
The Mercedes-Benz range covers very different types of car, so a single finance example will not suit every buyer.
Someone looking for compact everyday transport may be considering an Mercedes-Benz A-Class Car Finance, while drivers wanting an executive saloon may compare the Mercedes-Benz C-Class Car Finance or Mercedes-Benz E-Class Car Finance. SUV buyers might look at the Mercedes-Benz GLC Car Finance, while the Mercedes-Benz G-Class Car Finance sits at a very different price point.
Used Mercedes-Benz cars can bring different finance choices because vehicle age, mileage, value and condition may affect what a provider offers.
When comparing Mercedes-Benz car finance for a used vehicle, check its service history, MOT record, mileage and condition alongside the finance itself.
Budget for servicing, insurance and running costs
A monthly finance payment is not the full cost of driving a Mercedes-Benz.
Insurance can vary considerably between models. A standard saloon, an electric Mercedes and an AMG performance model may have very different insurance, tyre, fuel, charging and maintenance costs.
Mercedes-Benz also offers ServiceCare products for scheduled servicing, and some Contract Hire arrangements can include servicing within the monthly rental.
Before committing to Mercedes-Benz car finance, build a monthly budget that covers the agreement, insurance, servicing, tax where applicable, fuel or charging and routine maintenance.
What affects your Mercedes finance quote?
Providers will assess both the vehicle and the applicant. Your quote may be affected by:
- The Mercedes-Benz model and purchase price
- Whether the car is new or used
- Your chosen deposit
- The agreement length
- Annual mileage on PCP or leasing
- The interest rate offered
- Your income and existing financial commitments
- Your credit profile
- Any optional final payment
Increasing the deposit can reduce the amount being financed. Extending the term can lower monthly payments but may increase the total interest paid.
With Mercedes finance, comparing these figures together gives you a clearer view than choosing the lowest monthly repayment alone.
Compare Mercedes finance options
Mercedes-Benz buyers have several ways to fund a car, and the right choice comes down to what you want from the agreement.
Agility PCP can suit drivers who value end-of-term flexibility. HP provides a clearer path towards ownership, while Contract Hire may suit people who would rather return the vehicle after an agreed period.
Check the deposit, interest rate, monthly cost, total amount payable, mileage conditions and any final payment before deciding.
Enjoy Finance provides information about vehicle finance and may link to third-party providers. Any quote, application or agreement is supplied by the relevant third party and will be subject to its own eligibility and affordability checks.
FAQs
What is Mercedes-Benz Agility finance?
Agility is Mercedes-Benz Financial Services’ Personal Contract Purchase product. It combines a deposit and monthly payments with an Optional Purchase Payment at the end. You can then choose from the end-of-agreement options available under your contract.
Can I get Mercedes-Benz car finance for a used car?
Yes. Finance can be available for used Mercedes-Benz vehicles. The options and terms may depend on the car’s age, mileage, value and the provider’s criteria.
Is HP or PCP better for a Mercedes-Benz?
Neither is automatically better. HP can suit drivers focused on eventual ownership, while PCP can provide lower regular payments than an equivalent HP agreement because part of the cost is left until the optional final payment.
Can I lease a Mercedes-Benz instead of buying one?
Yes. Contract Hire lets you use a Mercedes-Benz for an agreed period and mileage before returning it. There is no option to own the vehicle through the Contract Hire agreement.
What should I compare before taking out Mercedes-Benz car finance?
Compare the deposit, APR, monthly payments, agreement length, total amount payable, mileage allowance and any optional final payment. Also budget for insurance, servicing and normal running costs.
