The scheme provides finance over periods from 3-5 years, upon payment of what the company describes as a ‘modest’ deposit.
Confined to the purchase of new vehicles only, the scope of the plan can also be extended to include maintenance costs. Moreover, dealers can facilitate buyers by agreeing a residual value that would be placed on each vehicle after the finance term has expired.
Describing the plan as one ‘mutually advantageous’ to both sides, Mercedes-Benz commercial vehicles sales manager Fergus Conheady said that it will 'stimulate and assist the small business sector whose progress has been blocked on all fronts by the current restrictions on lending'.
