Best Mercedes Finance Deals

Looking to find a finance deal on your perfect new Mercedes? Here's our run down of the best Mercedes PCP deals we've found online

Mercedes operates at the premium end of the market, rivalling the likes of BMW and Audi. And thanks to that competition, deals to entice you in are often available.

Deals regularly include list price discounts and 0% or low APR PCP deals from hatchbacks right up to the more expensive Mercedes models. Mercedes is particularly keen to challenge Tesla head to head, so regularly has promotions on its electric cars, especially if you finance them using its in-house PCP product called Agility.

Mercedes’ competition with premium rivals extends to how it sells its cars, too. Much like Volvo and Tesla, Mercedes is encouraging its buyers to choose, configure and finance a new car via its website, managing the whole process online instead of at a physical location. Mercedes still has a wide dealer network in the UK of course.

Best Mercedes PCP Offers

Mercedes offers a number of finance products to help you get behind the wheel of the Mercedes of your choice. If you are looking to buy your Mercedes with PCP, the firm calls this Agility, which is offered for terms between 24 and 48 months.

Mercedes also offers Hire Purchase, so you can buy the car like PCP, but the final balloon payment is factored into your monthly payments instead. This runs from between 24 to 60 months.

How much does a PCP agreement cost on a Mercedes car?

As a premium brand, Mercedes prices its cars accordingly. However, if you can't quite manage the full list price of one of its cars, PCP is a great option to get you behind the wheel of your preferred Mercedes model without quite so much outlay.

Right now, Mercedes is offering £3500 deposit contributions on the CLA line-up. On a 48-month, 10,000-miles per year deal, a CLA costs from around £488 per month with zero customer deposit to pay. 

Can you pay monthly for a Mercedes?

Yes. Mercedes offers four different ways you can pay monthly for your new car. The most common is with a Personal Contract Purchase (PCP) deal, which Mercedes calls Agility. The firm also tends to offer most of its best incentives on PCP agreements.

If you're sure you're planning to buy your Mercedes, the firm also offers Hire Purchase to help you spread the cost of buying a car. These two options give you the chance to own the car at the end, while its two leasing products, Personal Contract Hire and Personal Operating Lease let you rent a car for a fixed period, then return it to Mercedes once the agreement ends.

All of these products require you to pass a credit check and make an upfront deposit or initial payment.

How good does your credit have to be to lease a Mercedes?

In order to lease any car, generally speaking your credit score needs to be rated as good or excellent to ensure you pass the credit check and can sign up for a lease or PCP agreement, and these checks get more stringent if you opt for things like zero deposit finance, or any other deal that means the lender incurs more risk should you not pay up.

The ratings obtained from companies like Experian or Equifax are factored in, along with how affordable the lease you’re looking at would be for you based on your wages and living situation. Paying a bigger deposit can improve your chances of being approved, as it reduces the finance company’s risk.

Can I pay off my Mercedes finance early?

Yes, but only as long as certain conditions are met. If you have an Agility PCP or Hire Purchase agreement and decide you want to own your car before your agreement ends, Mercedes will provide you with a quote that you have to pay to buy the car.

If you have a Contract Hire, Operating Lease or Agility contract you can opt to give the car back to Mercedes early. However, you will need to pay 95% of your remaining monthly rentals in order to end the agreement.