On August 1st 2012, Mercedes will be the first car maker in China to give leasing options to commercial and private customers, offering them the possibility to own a Mercedes-Benz car much easier.
The company has received approval from the Chinese government to establish Mercedes-Benz Leasing Co Ltd under its financial arm and offer various automotive financial services, including leasing options.
“This is another milestone in our development in China,” said Ulrich Walker, chairman and CEO of Daimler Northeast Asia Ltd. “Our flexible and transparent leasing service gives Chinese consumers the opportunity to fulfill their dream of owning a Mercedes sooner and easier.”
In the U.S., Europe and other places, leasing is already a popular financial service, which allows customers to make flexible down payments and also trade in new cars at the end of a lease period. The leasing also includes other upfront expenses, such as purchase tax and insurance, making the leasing product more affordable.
Back in 2004 Shanghai General Motors Co Ltd was the first car maker that set up a financial arm in China. Beginning this August, Mercedes-Benz will have financial consultants ready to offer consultation and expert advice for customers.