Personal Loans

Private Customers

Consumer Credit Agreements

A Consumer Credit Agreement is designed for individuals who use their car mostly for private purposes, and who wish to ultimately own their Mercedes-Benz at the end of the term. Designed to be flexible enough to enable you to tailor your payments to suit your individual requirements; this could for instance include a final ‘balloon payment’ at the end of the term.

Customer Benefits

  • Competitive fixed rates
  • Payments tailored to suit individual needs
  • Easy and fast credit applications
  • Peace of mind when you include Mercedes-Benz Insurance
  • Ability to build up equity in your vehicle
  • Manage your account 24/7 with myFinance

Contract Term

  • Minimum: 6 months
  • Maximum: 60 months

Vehicle Ownership

Title of the vehicle transfers to the customer once all payments are made in full.

Insurance Requirements

Customers are required to maintain a comprehensive insurance policy over the vehicle. Most of our customers choose Mercedes-Benz Insurance to complete their Mercedes-Benz Experience.

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