Are you planning to buy Mercedes car? While buying such expensive cars you must choose right financial option so that it does not cause you finance distress. Whether you are working professional or a business person, there are options available for you.
In this article, we will talk about few options available, in case you choose to buy Mercedes Benz latest models. Following are three options available to you.
Many of you prefer to change your car more frequently and therefore this option may suit you well. You may deposit 30 per cent of the price of the car while buying and balance you can pay with regular monthly installments.
- Choose your model of Mercedes Benz
- Decide your annual mileage
- Choose your ownership period anything between 24 to 48 months
- You will get flexible service package
- Payment will be decided based on minimum guaranteed future value after the ownership period chosen above.
- After the end of above period you have either of the following option:
- Return the vehicle and no more payment
- Refinance the car and continue to use it
- Take new model in exchange of old car with similar monthly deposit and no additional payment.
In this option you need not make any high deposit to buy car and continue with easy monthly deposit. After the ownership period, change your contract again. You need not worry about resale value in future and upgrade your car after ownership period.
If you are comfortable with fixed monthly deposit for certain fixed period and take ownership at the end of agreement then follow these steps.
- Choose your preferred model
- Pay your initial deposit that you can afford
- Decide agreement period between 12 to 60 months
- Make regular monthly payments based on the balance amount plus interest
- You own the car after all the payments are done.
In this option you can budget your payment as per your convenience and make comfortable deposits. At the end of agreement, you become owner of Mercedes car.
If you want your car with low initial payment and pay regular rental value and not to worry about reselling then you can choose this option with following steps
- Choose your model
- Agree for certain mileage
- Hire period to be between 24 to 48 months
- Choose your service package
- Pay rental value based on above
- At the end of contract return your car