Mercedes Benz Charterway

Contract Purchase

Pay a deposit. Make your monthly payments. Pay a final or 'balloon' payment based on your agreed anticipated mileage. That's it.

There are 4 options open to you at the end of the contract:

Option 1
Make the final 'balloon' payment and keep the vehicle.

Option 2
Extend the agreement by spreading the 'balloon' payment over a further period.

Option 3
Trade the vehicle in releasing any available equity to form a deposit for your replacement vehicle.

Option 4
Return the vehicle without making the 'balloon' payment. This releases you from further obligations, except for an excess mileage charge should the estimated mileage agreement have been exceeded or for vehicle damage charges above those considered fair wear and tear.

Benefits to you:

Lower monthly payments
Flexibility. You can keep the vehicle, extend the contract or return the vehicle
Payments not subject to VAT
Available on new and used vehicles up to 6 years old at the end of contract
Regular payments are kept low and the decision whether to keep the vehicle is left until the end of the agreement
Repayments in advance or arrears