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How Does Mercedes Benz Agility Plan Work?

How Does Mercedes Benz Agility Plan Work
Mercedes vehicles are hugely popular among both personal and business customers. In addition to enjoying the benefits of incredible design and performance features, one of the reasons many drivers opt for a Mercedes is the range of finance options available.

With Mercedes Agility and a host of choices for companies and individuals on offer, the latest Mercedes models are available to all. If you’re interested in Mercedes personal finance, or you have questions about Mercedes fleet and business finance, you should find this guide handy. What is Mercedes Agility finance and how does it work? More and more customers are buying cars on finance.

At Sinclair Mercedes, we offer an array of finance options to suit all drivers. Mercedes Agility is a personal contract package that gives you the option to purchase, give back or part-exchange your car once the agreed hire term elapses. At the end of the agreement, you can explore the possibilities and work out which avenue is best for you.

  • Before you sign any contracts, you will be made aware of the guaranteed future value of your vehicle and you’ll decide how much you want to put down as a deposit.
  • Your contract will then be drawn up and you’ll pay a monthly fee until the end of the term.
  • If you choose to buy the car at the end, you’ll pay the optional purchase payment.

By providing the guaranteed future value, Mercedes Agility protects you against unexpected depreciation and enables you to benefit from affordable monthly payments. In addition, we also offer hire purchase, which allows you to spread the cost of ownership, personal operating lease for those who want to enjoy the perks of a new car without owning the vehicle, and contract hire.
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What is Mercedes agility program?

Introducing Star Agility+, an innovative car ownership plan that thinks of you. Its up to 40% lower EMIs and flexible tenures make it easier than ever. At the end of your tenure, you can easily upgrade your Mercedes-Benz to a brand new one, with the opportunity to upgrade to 3 new Stars over the course of 6 years.
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What does agility finance mean?

Drive now, decide later: Agility Finance Agility Finance adapts with you. The Agility GFV guarantees the value of your vehicle at the end of your contract, protecting you from the full ownership risk of depreciation. Agility has never been easier.
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How does Mercedes know your tired?

The very first technology of its kind in the industry, Mercedes-Benz ATTENTION ASSIST relies on an algorithm and specialized sensor to detect driver fatigue. During the first few minutes of your drive, the system analyzes your personal driving habits using over 70 different types of parameters.
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Can you get Mercedes me free?

How Luxury Comes to Life – Mercedes-Benz mbrace® is a collection of services and features – available in four distinct packages – for 2016-2018 models. Similar services are also offered via mbrace® for 2010-2015 models. mbrace® Connect provides connected car services via the Mercedes me app and is free for five years, starting on the original date of purchase.
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What salary do you need to afford a Mercedes-Benz?

Monthly income – To work out how much you need to earn to “afford” an entry-level C-Class, we first need to calculate what it will cost to buy using a vehicle finance plan. The new C200 starts at R856,080, and we can place its selling price in the formula below.

  • Car Price – R856,080
  • Payment Term – 60 terms (5 years)
  • Interest – 9%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

The result is a monthly car finance payment of R16,080. The total interest you will pay back over the duration of the five-year agreement is R189,450.

  • We can now calculate how much you need to earn to “afford” the Mercedes-Benz C-Class.
  • Financial experts recommend that car buyers do not spend more than 20% of their gross monthly salary on vehicle payments.
  • This means you must receive a monthly income of R80,400 to afford buying the new C-Class.
  • It must be noted that this calculation excludes fuel costs and insurance premiums, as well as related costs like replacing tyres and out-of-plan services and repairs.

: How much you need to earn to “afford” the new Mercedes-Benz C-Class
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How much does Mercedes charge for over mileage?

Financial Services Frequently Asked Questions | Mercedes-Benz Financial Services Adjusted Capitalized Cost: The net amount capitalized at the beginning of a lease, equal to the capitalized cost minus the capitalized cost reduction. This is the amount on which the lease payment calculation is based.

It may also be referred to as the Adjusted Cap Cost. Amortized Amounts: Any additional dealer installed options or accessories added to the negotiated price of the vehicle which are to be paid for over the term of the lease agreement. Amount Due at Signing or Delivery: The amount due at the dealership at the time the lease agreement is signed and the vehicle is delivered.

This amount generally includes the first monthly payment, the capitalized cost reduction, the acquisition fee (if not capitalized), sales/use tax, refundable security deposit(s), registration/title fees, license fees, etc. Amount Financed: The amount upon which finance charges are assessed.

This generally includes the cash price of the vehicle, plus any applicable taxes, title and registration fees, license fees, service contracts and insurance, less any down payment and/or net trade-in allowance. This is the amount that is subject to finance charges. Annual Percentage Rate (APR): The rate of interest charged annually on credit, expressed as a percentage.

Application: A request for an extension of credit, either for a retail contract or lease agreement. The application can be completed at the dealership, online at, or on the My MBFS app. to access the online application – there is no cost or obligation and the personal information of all applicants is protected.

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Auto Pay program: Monthly payments can be arranged to be automatically debited from a checking/draft account. Balloon Contract: A retail contract that is amortized to the expected end-term value with a remaining balance to be paid in a lump (balloon) payment at the end of the term. Balloon Payment: The estimated final lump or balloon payment that covers the remaining expected end-term value of the vehicle on a retail balloon contract.

Base Monthly Payment: The portion of the monthly payment in a lease that includes depreciation, any amortized amounts, and vehicle usage costs. Taxes, maintenance, and any other fees are added to this base monthly payment to calculate the total monthly payment.

  1. Base Rent: Included as part of the base monthly payment, it is the amount charged in addition to the depreciation and any amortized amounts.
  2. Billing Address: The mailing address to which you would like to have your monthly billing statement delivered to you.
  3. Typically, this is your home address, but can be any other address you request to which you have your monthly billing statement delivered, including a P.O.

Box. You may update your billing address online by selecting “Update Personal Info” while you are logged in to “Manage Your Account” on, or in the My MBFS app. Capitalized Cost: The negotiated selling price of the vehicle, plus other costs included in the lease, such as acquisition fee, title and registration fees, insurance, etc.

Also referred to as Cap Cost or Gross Capitalized Cost. Capitalized Cost Reduction (Cap Cost Reduction): An amount – whether it be net trade-in allowance, rebate or cash – that reduces the gross capitalized cost. Certified Pre-Owned (CPO) Vehicle: A vehicle that has been previously titled/owned and has passed the stringent Mercedes-Benz certification criteria, including a rigorous 130+ point inspection.

for more information on Mercedes-Benz Certified Pre-Owned vehicles. Closed-End Lease: A type of lease in which the lessor absorbs the loss if, at the end of the lease, the vehicle is worth less than the residual value. The lessee is responsible for any excess mileage and/or excess wear and use charges.

Co-Buyer: An individual who also signs the retail finance contract or lease agreement and, thereby, assumes equal responsibility for the repayment of the retail finance contract or lease. Contract Date: The date the lease agreement or retail contract is signed. Contract Term: Length of retail contract or lease agreement, expressed as monthly increments.

The range is usually from 24 to 60 months in most states. CPO: Certified Pre-Owned. See above. Depreciation: The amount of a vehicle’s projected decline in value through normal use during the lease term, calculated as the adjusted capitalized cost minus the residual value.

  • Down Payment: The amount of cash or net trade-in allowance applied to reduce the amount financed and lower the monthly payment.
  • Early Termination: Occurs when a lessee returns their leased vehicle prior to the scheduled termination date.
  • End of Term: The end of the agreed upon lease term.
  • Excess Mileage: Additional miles that are driven above and beyond the miles allowed in the lease agreement.

There is currently a 0.25¢ charge that is assessed for each mile beyond the mileage allowance. At lease inception, additional mileage can be purchased at a reduced rate of 0.20¢ per mile and rolled into your monthly payment. Excess Wear and Use: The standard for excess wear and use is set forth in your lease.

  • First Class Lease® (The): Mercedes-Benz Financial Services’ exclusive lease program.
  • First Class Financing®: Mercedes-Benz Financial Services’ exclusive retail finance program.
  • First Class Finish® (The): Mercedes-Benz Financial Services’ simple and straightforward lease-end process.

GAP Waiver: Designed to give you peace of mind, a GAP Waiver (included in our First Class Lease or available for purchase with First Class Financing) will help cover the difference between the insurance proceeds and the balance owed to Mercedes-Benz Financial Services, less any deductible, if your Mercedes-Benz is declared a total loss (due to accident, theft, etc.).

  • Garaging Address (applicable for lease accounts only): The address where the vehicle is physically kept. A P.O.
  • Box cannot be used as a garaging address.
  • If you are moving and need to update your garaging address, you can do so online by selecting “Update Personal Info” while you are logged in to Manage Your Account or in the My MBFS app.

There may be tax implications for changes to your garaging address. Contact your local Department of Motor Vehicles (DMV) for additional information. For assistance in locating the DMV for your state, you may visit, Gross Capitalized Cost: The agreed upon value of the vehicle and any items you pay over the lease term (such as service contracts, insurance, and any outstanding prior credit or lease balance).

  1. Also referred to as Gross Cap Cost or Cap Cost.
  2. High Mileage Lease Option: A First Class Lease option suited especially for those who spend a lot of time behind the wheel.
  3. This lease offers an annual 20,000 mile maximum and an opportunity for high mileage drivers to take advantage of the benefits of leasing.

Insurance: The primary insurance coverage which must be provided on a vehicle during the entire First Class Financing or First Class Lease term.

  1. Lease: An agreement for the use of a vehicle between a lessor and lessee with mutually agreed upon terms and conditions, such as term, monthly payment, etc.
  2. Lessee: The person or organization to whom the vehicle is leased; signatory to the lease agreement.
  3. Lessor: The organization leasing the vehicle to the lessee.
  • Manufacturer’s Suggested Retail Price (MSRP): The base retail price of the vehicle plus any factory installed options, as detailed on the window sticker or Monroni label.
  • Maturity Date: The date the lease is scheduled to end.
  • Mileage Allowance: The agreed upon number of miles that can be driven annually during the course of the lease term.
  • Mileage Options: The possible mileage choices the lessee can elect when leasing a Mercedes-Benz vehicle through Mercedes-Benz Financial Services – 7,500 / 10,000 / 12,000 / 15,000 (standard term) / 20,000 – of course, additional miles are available for purchase.
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Parking Ticket Administration Fee: A fee which is assessed to a lease account if a previously unpaid parking ticket for the lease vehicle was paid by the lessor. Mercedes-Benz Financial Services assesses an administration fee of $25 (to the extent permitted by law) on lease accounts.

The fee is assessed in addition to the amount of the ticket. Personal Property Tax: A state or locality imposed percentage tax which is assessed to owners of certain personal property, such as automobiles. Personal Property Tax is assessed based on the fair market value of the vehicle. Contact your local Department of Motor Vehicles (DMV) for additional information.

For assistance in locating the DMV for your state, you may visit, Purchase Option: The lease end option which allows the lessee to purchase the vehicle for the purchase option price stated in the lease agreement. Refundable Security Deposit: The security deposit sometimes collected by the lessor at the beginning of a lease.

Refundable at lease end provided all terms and conditions are met and there are no outstanding charges or payments due. Residual Value: The value the lessor anticipates the vehicle will be worth at lease end, used when calculating the monthly payment. Retail Installment Contract: The retail finance contract executed between the Mercedes-Benz Dealer and the purchaser for the sale of a new or pre-owned Mercedes-Benz vehicle.

Sales Tax: A state or locality imposed percentage tax which is assessed on vehicles at the point of purchase. Sales tax on automobile leases may be imposed at the beginning of the lease or as the payments become due, depending on the state or the locality.

  1. Scheduled Termination: The date the lease term ends; also referenced as Maturity Date.
  2. Single Pay Lease: With Single-Pay Lease, you make one single up-front payment and you only pay for the portion of the vehicle you use, instead of paying cash for the full purchase price.
  3. Term: The length of the retail contract or lease agreement, expressed usually in months (e.g., 39 months, 60 months).

Title: The legal document used to identify the owner of a vehicle. In a lease, the lessor holds the title to the vehicle. Total Sale Price: The total cost of your purchase, including the down payment. Ultra Low Mileage Lease Option: An option of The First Class Lease suited especially for those who drive less than 10,000 miles/year. How Does Mercedes Benz Agility Plan Work Still have questions? Our FAQ page answers the questions that customers commonly ask when leasing or financing a vehicle. * Starting price is MSRP, or Manufacturer’s Suggested Retail Price. MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, license, tag, preparation and documentary service fees, insurance charges, and Dealer add-on products, accessories and associated labor and installation charges.

  1. MSRP for a base model prior to customer build also excludes charges for optional equipment, products, packages, and accessories.
  2. Actual vehicle price and availability may vary by Dealer and should be confirmed with the dealer selected by customer.
  3. MBFS NMLS #2546 ** Stated rates of acceleration are based upon manufacturer’s track results and may vary depending on model, environmental and road surface conditions, driving style, elevation and vehicle load.

† EPA estimated fuel economy. Compare the estimated mpg to the estimated mpg of other vehicles. You may get different mileage depending on how fast you drive, weather conditions and trip length. Your actual highway mileage will probably be less than the highway estimate.

With optional trailer hitch. Read Operator’s Manual before towing. In some states, aftermarket trailer brakes are required. See dealer for details. †† EPA estimated driving range with a fully charged battery. Driving range may vary based on model, terrain, temperature, driving style, optional equipment, use of vehicle features, and other factors.1 Vehicle may not be exactly as shown.2 As a concept car, the designs, features, etc.

are subject to change. The Online Price is the latest price for the vehicle as reported by Dealer and excludes taxes, additional add-on products, accessories and associated labor and installation charges, insurance charges, and, depending on location, certain fees resulting from the sale of the vehicle, including, but not limited to, title, registration, license, tag, and preparation and documentary service fees.
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Is Mercedes finance easy to get?

Does Mercedes-Benz Finance Bad Credit? Yes. It’s actually easy to get approved through Mercedes-Benz finance programs. Most car manufacturers are eager to help their customers build or rebuild their credit by offering financing programs and deals exclusively through Mercedes-Benz dealerships.
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What is step-up monthly installment?

Planning to buy a car? Here’s why you should opt for a Step-up Car Loan Our grandparents or parents would have dreamed of buying a vehicle of their own, to feel the exhilarating independence it brings, and to enjoy the status that comes with owning a luxury item.

  1. But in most instances that dream would have remained a dream.
  2. Times have changed.
  3. The most recognisable change of all is the transformation of luxury to necessity.
  4. Gone are the days when owning a car used to be a luxury and a matter of pride.
  5. These days, not owning a car has so many drawbacks that everyone seems to want one.

Higher standards of living coupled with burgeoning material aspirations have further paved the way for the car to take its spot in the list of affordable luxuries. The comfort and freedom of owning a vehicle are much sought after by the working middle-class.

However, many hold back from buying a car because of inadequate finances. The good news is that with a certain amount of savings and financial planning, the dream of owning a car can now be converted into reality. If you are depriving your family of the joy of having a car or holding back your own dreams of owning a car due to a tight budget, opting for a Car Loan is the best decision you can take.

A refers to a loan taken specifically for purchasing a car. The interest rates and EMIs are customised and specific to the car industry. HDFC Bank is one of the leading banks in India that provides more than just your standard Car Loans. It offers exceptional, one which includes the feature.

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It lessens the burden of repayment in the early years and thus is very suitable for people who have just begun their careers and will eventually progress later on.This is also beneficial for those who want to purchase a bigger car, but are compromising their choice for a smaller car due to finances.

A Step-up Car Loan can help people who have just started out as well as those on budget own a car of their dreams by adjusting their finances into lower EMI’s. These are some of the major reasons why Step-up EMI is a preferable option rather than opting for a Car Loan.

100% financing on select vehiclesFlexible repayment tenurePocket-friendly EMIs

A Step-up EMI feature is a one-stop shop for Car Loans; it allows you to research and compare cars at the ‘New Car Bazaar’ option. If all this wasn’t alluring enough, you can also check your Car Loan eligibility online. It gets even better if you are an HDFC Bank customer.

The entire process of taking a loan becomes as easy as shopping for groceries. It enables you to enjoy quick disbursal of funds, special rates of interest, and a lot more. You can get a perfect loan for the perfect car, whenever you want it. Getting your dream car is now possible with a bit of financial planning and a from HDFC Bank! If you are looking to apply for a, click here to get started! Do you know New Year is the best time to apply for a Step up ? Click here to know more.

* Terms & conditions apply. Car Loan disbursal at sole discretion of HDFC Bank Ltd. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. : Planning to buy a car? Here’s why you should opt for a Step-up Car Loan
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What is step-up and step-down loan?

Step up and Step down Repayment Plan for Home Loan How Does Mercedes Benz Agility Plan Work A home loan is a long term relationship between the borrower and lender. Due to it being a secured loan type, the lender offers customized repayment solutions which can help reduce EMI burden off the borrower. There are many flexible repayment plans of which the step-up and step-down are very popular.

What is a step-up repayment plan? A step-up repayment plan will see the EMI component increasing with each year of the home loan tenure. In this plan, the borrower pays a smaller EMI in the initial years of the home loan and as the tenure reaches the midpoint, EMI will begin to get higher until the last year of the home loan.

This plan is good for individuals whose salary/income increases surely each year. What is a step-down repayment plan? A step-down repayment plan will see the EMI component decrease with each year of the home loan tenure. In this plan, the borrower pays a higher EMI in the initial years of the home loan and as the tenure reaches the midpoint, EMI will begin to decrease until the last year of the home loan.

This plan is good for individuals who are nearing retirement. Since in the initial employment years, they can afford to pay higher EMI and as they near retirement, they can pay lower EMI. This plan also fits cases where joint home loan is taken. Children and parents can take this loan and continue with home loan repayments.

Are these the only options? No. There are more such options. Usually, individuals are unaware of repayment options and hence we at Ruloans want to create awareness with regards to repayment options. Choose the type of repayment which fits your financial plan.
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Why does Mercedes tell me to take a break?

ATTENTION ASSIST® uses sensors to learn about your driving habits and can detect if driver fatigue is causing you to make small errors behind the wheel. If the system detects these common driver-fatigue-related errors, it will encourage you to take a break from your journey.
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What is the point of Mercedes me?

1. Check vehicle information at any time – The Mercedes me app allows you to perform all of your Mercedes’ key functions at all times, wherever you are. Check vehicle information such as tyre pressure, fuel level or the state of the brakes. Use pre-entry climate control to warm up the cabin on early mornings and cool it down on hot summer days.
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How much does Mercedes Wi-Fi cost?

The Wi-Fi hotspot is an upgrade purchased through Mercedes via the mbrace Entertain Package and will cost you $18 per month after a 3-month trial.
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Is the Mercedes compensation legit?

Is The Mercedes Diesel Claim Real? – Yes, the Mercedes diesel claim is real. Thousands of UK Mercedes owners have already signed up to claim compensation for Mercedes alleged installation of “defeat devices”. The claim itself is similar to the original Volkswagen Dieselgate claim, which is likely to conclude this year.
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What is Mercedes me and how does it work?

1. Check vehicle information at any time – The Mercedes me app allows you to perform all of your Mercedes’ key functions at all times, wherever you are. Check vehicle information such as tyre pressure, fuel level or the state of the brakes. Use pre-entry climate control to warm up the cabin on early mornings and cool it down on hot summer days.
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What Mercedes cars can you get on disability?

Mercedes Benz currently offer a great range of premium cars through the scheme, including the Mercedes-Benz A Class, the B Class and the all-new Mercedes Benz GLA. Please note that due to the worldwide shortage of new cars Mercedes-Benz vehicles are not currently available to order through the Motability Scheme.
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