Daimler Mobility is helping people fulfill their dreams of owning a car—by offering them competitive loans and the possibility of shaping and managing their monthly payments by selecting the size of the down payment and the duration of the contract. This allows owners to remain financially flexible and still own a Mercedes.
Daimler Mobility helps customers around the world make their dream of owning a vehicle come true by offering them loans at favorable interest rates. When you finance a vehicle, you tie up a lot less capital than when you purchase a car outright, as you don’t need to pay the full amount for the vehicle all at once. This allows you to maintain your financial flexibility, even as you are the owner of your vehicle with the star — and then attain full ownership when you pay the final installment.
You can also plan financially for the future early on because your monthly financing payment always remains the same and your annual interest rate never changes. You also choose the amount of your initial payment and the term of your loan. Daimler Mobility supplies private and commercial customers with new vehicles of all classes from Daimler AG, ranging from cars and vans to trucks and buses.
Working closely with Daimler vehicle production units
Daimler Mobility works closely with Daimler vehicle production units and a partner network of special body manufacturers, and can therefore offer business customers complete financing packages for special-purpose vehicles that have already been modified. These include vehicles that can be used by municipal and government authorities or put into service as rental vehicles. Along with new vehicles, Daimler Mobility also finances used cars. This means you can drive a used Mercedes that offers the quality of a new vehicle, and pay off your loan in the same way you would finance a new car — with monthly installments that never change.
Various financing options are available for new and used vehicles depending on the region you live in and the vehicle segment you choose. The traditional options are standard financing, balloon payment financing, and three-way financing. If you’re interested in financing a commercial vehicle, Daimler Mobility also offers a seasonal financing package as an additional financing solution.
Standard financing allows you to choose how high a initial payment you wish to make, and thus how high your monthly installments will be throughout the entire duration of your financing agreement. A fixed interest rate and monthly installments that never change make your auto financing a transparent option that also ensures financial planning reliability. Another advantage offered by a standard financing package is that there are no mileage limits, which means you can drive your Mercedes as far as you want to.
If you choose balloon payment financing, you benefit from relatively low monthly installments. That’s because the higher final installment, or balloon payment, enables a monthly installment that is lower than the installment in a standard financing package. You can also decide how high an initial payment you wish to make, and thus how high your monthly installments will be. Depending on your liquidity situation and your specific plans, you can either make a one-time payment or take out follow-up financing to pay the final installment when your financing period ends.
You can choose three-way financing if you’re not sure whether you will want to keep your Mercedes when your financing period ends. With this form of financing, you decide at the end of the financing period if you want to pay the final installment (balloon payment) and assume complete ownership of the vehicle, take out follow-up financing to pay the final installment, or return the vehicle to your dealership at the contractually guaranteed residual value.
With seasonal financing, you can set the amount of your monthly payments for your commercial vehicle in line with how your business normally develops throughout the year, and thus ensure your financial flexibility. In months when your business is good, you pay somewhat higher installments, but you can also arrange for lower monthly payments for when things get quieter.
Automobiles are the second-biggest investment made by private households after home purchases. Most people don’t have enough cash on hand to purchase a new or used vehicle outright. When you finance a vehicle, you can immediately assume ownership of your dream car, but you pay for it in installments over a relatively long period of time. This allows you to hold on to your cash and use it to make other investments, or else save it for emergencies.
Total loan amount, initial payment, financing period, effective annual interest rate — vehicle financing offers four ways to influence the amount of your monthly payments. You can work with your automotive bank to determine which financing option and financing conditions are right for you. A fixed interest rate and fixed monthly installments make financing a transparent process.
Before you sign a financing agreement, you decide how high an initial payment you wish to make, how long your financing agreement will run — and thus how high your monthly payment will be. This means you have a clear overview of your future financial situation from the very beginning. This in turn allows you to better plan your future investments or build additional reserves.
Daimler Mobility offers mobility packages to go along with your financing package. For example, you can select additional services such as auto insurance, service packages such as maintenance and repairs, and warranty packages. These services will have a positive effect on your vehicle’s residual value. They also enable even more reliable financial planning, as the services you choose will be factored into an all-inclusive monthly installment.
When you finance a vehicle, you remain flexible and can react quickly if your circumstances happen to change. If you choose three-way financing, for example, you decide at the end of the financing period if you want assume ownership of the vehicle by paying the final installment or by taking out follow-up financing, or if you want to return the vehicle to your dealership the way you would a leased vehicle. Standard financing also offers advantages, such as not having to commit yourself to a mileage limit at the beginning of your agreement, which means you can drive your Mercedes as far as you want to.