Business contract purchase offers fixed-cost motoring – with affordability and flexibility. With business contract purchase you have a Mercedes-Benz car or smart for a fixed period of time (24-48 months). At the end of the term you have several options including buying the car or handing it back*.
Monthly payments with business contract purchase are significantly lower than with normal hire purchase schemes. This is because the monthly installments are calculated as the difference between the purchase price of the car and its guaranteed future value at the end of the contract (taking agreed mileage into account). This figure (along with the finance charge) is then divided by the number of months the business contract purchase agreement is taken over.
At the end of the business contract purchase agreement you have four options:
- Buy the Mercedes-Benz or smart - pay sum equivalent to the minimum residual value (figure agreed at outset of business contract purchase agreement), or extend the agreement over a further period
- Part-exchange the vehicle for another Mercedes-Benz or smart (if there is equity in the vehicle)
- Sell the Mercedes-Benz or smart privately (and settle the outstanding finance)
- Return the Mercedes-Benz or smart to us with nothing more to pay (subject to agreed mileage and conditions)
Find out if business contract purchase is right for your company. Call now on 0844 375 3263. Other funding options are available to suit your company’s requirements.
Personal contract purchase is available too. Call 0844 375 3263 for a quote on a Mercedes-Benz or smart.
Read about personal contract purchase here.
Browse our best Mercedes-Benz and smart contract hire and car leasing deals here.
Business contract purchase – Benefits to your company
Business contract purchase is an attractive option for companies in many ways. Cars funded through business contract purchase agreements appear as an asset in the company accounts. A proportion of the car’s value can be written down against taxable profits. Interest payments associated with business contract purchase agreements are also allowable against tax.
Scheduled servicing and maintenance costs* can be included in a business contract purchase agreement for a small additional monthly sum. Servicing and maintenance can be carried out at a Mercedes-Benz or smart main dealer of your choice.
- Fixed cost motoring
- Low initial payments
- Flexible terms from 24 to 48 months
- Fixed interest rates
- Road fund licence for the first 12 months of contract
- Capital allowances available
- Optional servicing and maintenance package
- Option to purchase or return car at end of contract
- No depreciation risks
- Free delivery and collection (at end of agreement) within mainland UK
Business contract purchase – Call for a personalised quote
For more information on business contract purchase, call 0844 375 3263. Contract purchase is also available to private motorists. Please call for details and a quotation on any Mercedes-Benz or smart model.
Read about personal contract purchase here.
Browse our best Mercedes-Benz and smart contract hire and car leasing deals here.
*Subject to terms and conditions