Lease Guide - Mercedes-Benz

Lease Guide
Turns dreams into reality.
Leasing.
An innovative approach.
There are times when you want to acquire
a new car and pay for only its use. Leasing makes
this dream come true. And if you wish to drive
a Star, you can do that with Mercedes-Benz
Financial’s STAR Lease. When you lease a Star
through STAR Lease, you only pay for what
you use. You optimally preserve your financial
flexibility too.
Leasing a Star through STAR Lease is simple.
All you have to do is choose your desired vehicle,
the repayment period and your anticipated
contract kilometre limit and you can drive home
your Star. When you lease your car through
STAR Lease, you are also protected against
unexpected depreciation of your vehicle.
Structuring your finance through leasing
also allows you to drive a Mercedes-Benz and
make low payments than expected. It also gives
you the advantage of upgrading your vehicle
to a new model every three to four years.
* Terms and condition applied
Benefits of STAR Lease:
• At the end of the lease period the vehicle is
simply returned and you do not need to bear
the risk of reselling the vehicle.
• On-road funding of the car ensures that there
is no large initial deposit.
• Competitive comprehensive motor insurance
which includes maintenance package.
• Predictable running costs.
• Tax benefits.
• Off balance sheet financing*.
• Free up your capital and improve your cash flow.
• Change cars every 3 / 4 years.
Operating Lease
FAQs about leasing
What is STAR Lease?
What happens during your agreement?
A flexible business solution whereby the vehicle is
leased to you for your chosen period and mileage,
with the option of including insurance, registration
and maintenance in the monthly rental. The
ownership remains with Mercedes-Benz Financial
and so does the liability. Your monthly outflows
are significantly lower than making an outright
purchase or taking a loan.
Simply pay your monthly rentals and enjoy driving
your Mercedes-Benz. Read your enclosed wear
and tear guide. It tells you in what condition your
Mercedes-Benz needs to be in when you return it,
in order to avoid paying additional charges.
• We will arrange for the collection of your
Mercedes-Benz at your convenience, or you
can deliver it yourself. Please be aware, excess
mileage and damage charges may apply.
• You can lease another Mercedes-Benz after
closing the exiting contract.
What happens at the end of your agreement?
• Near the end of your agreement, we will remind
you that it is about to end.
Total value of Mercedes-Benz
Monthly rentals calculated based on only
a proportion of the Mercedes-Benz’s value
Return
of Mercedes-Benz
Lease Product Options
Benefits to business owners
Benefits to individuals
• Off Balance Sheet transaction. Eliminates
capital expense
• Reduction in monthly outflow
• Tax Benefits on the entire rental amount
• Seamless disposal of car after end of tenure,
without worry of resale value
• Rental amount can be inclusive of expenses
like insurance, maintenance and RTO charges
for the tenor
• Zero down payment option
• Option to structure your monthly rentals as
per tenor and annual mileage usage
Who can avail
Individual, Business Owners,
(SME), Corporates
• Vehicle can be changed more often
Tenure
12 to 36 months, 48 months for
corporate customers
• Savings on rentals can be further invested for
better returns
Kilometers
10,000/15,000/20,000 per year
• Income Tax benefits in case payment is done
by employer
• Increase in cash in hand
Other Charges
Insurance
Option to include in rentals
Option to pay in PDC’s
Registration
/ Road Tax
Option to include in rentals
Car Models
covered
A-Class, B-Class, C-Class,
E-Class, ML-Class, GL-Class,
GLA- Class, S-Class
Payment mode
ECS / PDC’s
Option to pay in PDC’s
Security Deposit / Advance EMI’s will be applicable as per
credit guidelines. Credit at sole discretion of DFSI
Lease Compared with other options
Car Model
Tenure
C-Class
36 months
Loan
STAR Lease
90% Funding
100% Coverage
Insurance and Registration upfront in both scenarios
C 220 CDI
(a)
Down Payment
Per month EMI / Rental
Tenor (months)
Total EMI / Rental / Investments
Total Outflow ( EMI + DP )
(b)
(*c)
Depreciation
Interest
Rentals
Total - Tax Gains
Interest Loss on Down Payment @ 10%
(a + c - b)
Net Outflow
Estimated value of the car at end of tenure
Cost of ownership after 3 years
STAR Lease benefit over 3 years
Loan
Outflow
1,321,536
1,19,386
36
42,97,899
56,19,453
Tax Gains
5,34,736
1,99,475
0
7,34,211
3,96,461
52,81,685
21,22,532
31,59,153
3,18,607
Outright
STAR Lease
Benefits of STAR Lease
50,26,818
0
0
0
50,26,818
0
1,18,939
36
42,81,800
42,81,800
No Down Payment
Lower Monthly Outflow
5,34,736
0
0
5,34,736
15,08,045
0
0
14,41,254
14,41,254
0
60,00,127
21,22,532
38,77,595
10,37,050
28,40,546
0
28,40,546
Higher Tax Benefits
Lower Net Outflow
Total Savings for 3 years
* Indicative rentals. Conditions apply.
Other Benefits: 1. Lower outflow resulting in higher cashflow savings. 2. No risk on resale of the car. 3. Easy upgrade every 3 years.
For detailed comparison on total cost of ownership under both options please speak to our representatives.
The illustrations in this brochure can also include accessories and special equipment that are not part of the standard
scope of delivery. Colour deviations are possible due to printing techniques. The stated financing offers are based on
the current capital market interest rates. They are subject to change, and do not obligate any party to conclude a contract.
To know about the current offers, please ask your Mercedes-Benz Financial representative or visit www.mercedes-benz-financial.co.in
Daimler Financial Services India Private Limited, RMZ Millenia Business Park, Campus 3B, Unit 202, 2nd floor, 143, Dr. M.G.R. Road, Perungudi, Chennai 600 096,
India. Phone: +1800 212 DFSI (3374) Fax: +91 44 7111 8131
starfi[email protected], www.mercedes-benz-financial.co.in
Dealer Name & Address