Mercedes Finance
Author
Discussion

Bigbox

Original Poster:

658 posts

241 months

Tuesday 23rd July 2013
quotequote all
Mercedes are offering contribution of £750 if i take out their finance - i may do this to get money off the car but as i have the cash available is an option to take out the finance and pay it off early - has anyone done this, are there any hidden penalties i need to know about?

Thanks

rehab71

3,362 posts

220 months

Tuesday 23rd July 2013
quotequote all
You can do this!

I work for Ford and we have a £2000 deposit allowance on Focus at the mo and many customer take the minimum amount to finance and settle it within a few weeks.

It is a legal obligation that you can settle finance early and get a rebate on the charge for credit.

Just make sure that when you phone the finance house you tell them you want to settle NOT withdraw.

Bigbox

Original Poster:

658 posts

241 months

Tuesday 23rd July 2013
quotequote all
Thanks for the reply - at the moment i'm trying to work out which is the best option of the following:

http://www.mercedes-benzretailgroup.co.uk/homepage...