Mercedes Car Finance Deals

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Mercedes-Benz is a high-end car brand. It provides great driving performance and the latest technology. This brand also offers a premium experience on the road. You might want a stylish sedan such as the Mercedes A-Class. If you prefer a roomy SUV, the Mercedes GLC is a good choice. For a smart option, check out the efficient hybrid, the Mercedes EQA. You can find several financing options that make it easier to lease or buy a Mercedes.

Key Facts

  • In 2022, Mercedes-Benz sold more than 123,000 cars in the UK. This helped them stay a top choice in the premium car market.
  • More than 75% of people buy Mercedes cars in the UK using finance options. These include PCP and Hire Purchase (HP) plans.
  • The A-Class, C-Class, and GLC are among the most popular models. They offer several finance options to meet different needs.
Mercedes UK sales from 2020 to 2022

Popular Mercedes Models on Finance

Mercedes A-Class

The Mercedes A-Class is a very popular luxury hatchback in the UK. It has a stylish design and many high-tech features. With PCP finance or HP finance, drivers can have flexible payment choices and low monthly payments.

  • With PCP, you can return the car, upgrade to another one, or make a final optional purchase payment to own the car when your agreement ends.
  • Hire Purchase is different. It spreads the total amount over a set time. After the term ends, the car is yours with no big payment at the end.

Mercedes C-Class

The Mercedes C-Class gives you a smooth driving experience. It has a roomy and comfortable inside. You can get the C-Class through PCP or Hire Purchase. This car is great for people who want to keep it for a long time or those who like to change cars every few years.

  • You can trade in your old car as part of a deal. This will help lower the deposit for your new Mercedes C-Class.
  • If you choose Personal Contract Hire (PCH), you can lease the C-Class for a specific time. You will have lower monthly payments and won’t own the car.
Popular Mercedes Models on Finance

Mercedes GLC

For people looking for a family-friendly SUV, the Mercedes GLC offers both luxury and practicality. With finance choices like PCP and Hire Purchase, it's easier to handle the costs of owning this high-end SUV.

  • PCP finance lets you choose what to do at the end of the contract. You can return the car, upgrade it, or keep it by paying a final amount.
  • HP finance has no limits on mileage. This option is great for people who drive a lot.

Mercedes Personal Contract Purchase (PCP)

PCP finance is a popular method to finance a Mercedes. With PCP, you pay lower monthly payments since you only cover the car's depreciation instead of its full price. At the end of your PCP agreement, you have different choices. You can return the car, pay an optional purchase payment to own it fully, or trade it in for a new model.

  • Mercedes PCP is offered for models like the Mercedes A-Class and GLC. It gives customers the chance to upgrade often.
  • There are flexible terms with APR rates and agreements that can last up to 48 months.

Compare Negative Equity Car Loan

Car finance with negative equity also tends to come with higher interest rates due to the increased risk for the lenders.

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Hire Purchase (HP) for Mercedes Vehicles

With Hire Purchase (HP), you pay the total amount over a set time. At the end of this fixed period, the car belongs to you. Unlike PCP, you do not pay a large amount at the end. You own the vehicle as soon as you finish all your payments.

  • HP finance is a great choice for keeping a car for a long time. There are no mileage limits or extra fees if you go over those limits.
  • Cars like the Mercedes C-Class and Mercedes GLE are popular options to finance with HP. They are strong and perfect for long-term use.
PCP vs HP Finance Preferences for Mercedes

Leasing a Mercedes: Personal Contract Hire (PCH)

For people who do not want to own a car, Personal Contract Hire (PCH) is a great choice. This leasing option lets you drive a Mercedes for a fixed period. You won’t have to think about losing value or selling it later.

  • With PCH, you make set monthly payments during the lease. After that, you return the car and do not have to own it.
  • PCH is perfect for those who want the newest Mercedes, like the GLB SUV, CLA saloon, or a cabriolet.

Financing for Customers with Poor Credit

You can get good finance deals on Mercedes cars, even if you have bad credit. Some special lenders provide finance plans just for people with lower credit scores. That way, you can still buy a used Mercedes.

  • You can find popular models like the Mercedes A-Class and Mercedes GLC through bad credit finance plans. This allows more people to buy premium cars.
  • There are options like PCP and HP with good rates, even for those who have poor credit.

Mileage, Terms, and Warranty Coverage

When you pick a PCP or PCH finance plan, you need to think about mileage limits. If you drive more than the set mileage, you may have to pay extra fees. It’s important to choose a plan that matches your driving habits.

  • HP finance does not have mileage limits. This makes it great for drivers who travel long distances.
  • All new and used Mercedes cars include a warranty. This warranty helps pay for repairs and maintenance while your finance agreement is active.

Compare Low APR Car Loans

Low APR (Annual Percentage Rate) car loans are financing options that offer borrowers a lower interest rate compared to traditional car finance deals.

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Finance Calculator

Use our car finance calculator to estimate your monthly payments for a new or used Mercedes. You can adjust things like APR, mileage, and contract length. This will help you find a payment plan that fits your budget. This tool is here to help you make smart choices, so you can get the best deal for your Mercedes.

What Do I Need to Get Mercedes Car Finance?

To qualify for Mercedes car finance, you’ll need:

  • Proof of Identity: A valid passport or driving licence is needed.
  • Proof of Address: Recent utility bills or bank statements can work for this.
  • Proof of Income: You will need payslips or bank statements to show you can handle the monthly payments.
  • Employment Details: Provide details about your job to show financial stability.
  • Credit History: Your credit score impacts finance terms like APR and deposit.
  • Deposit: A deposit might be needed depending on the plan, whether it is PCP or HP.
  • UK Residency: You must prove UK residency for at least three years.
  • Driving Licence: A valid provisional or full driving licence is necessary.
  • Vehicle Details: Lenders might want to know the car’s mileage, road price, and warranty status.

FAQs About Mercedes Car Finance

Yes, both PCP and HP finance agreements let you pay off your balance early. You can pay the rest of what you owe before the contract ends. Doing this might help you save on interest. Some finance agreements may charge a small fee for settling early.

At the end of your PCP agreement, you have three choices. You can return the car, pay the optional purchase payment to keep it, or trade it in for a new Mercedes model. PCP gives you flexibility, which is great if you like to change your car often.

Car Finance Options for Popular Car Makes

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Page last updated on: 25/10/2024

Page reviewed by: Andrea Troy

4000+ reviews