Finance Options at Rygor

Rygor Commercials New Mercedes-Benz Vans

Choosing your Mercedes-Benz can be difficult. Fortunately, financing isn't.

As a multi-award winning Mercedes-Benz dealer, you can trust our dedicated and experience Rygor sales team to help you select the right finance package for your new van and business needs

What is Agility (PCP) Personal Contract Plan? 

Watch Our Video What is Personal Contract Purchase (PCP)?

​Agility gives you flexibility and freedom to choose. You can purchase, return or part exchange your vehicle at the end of the agreement.​

It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the van, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the van. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).

How does PCP actually work?​

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When you have chosen your vehicle, you will then agree your annual mileage and decide on the agreement term with one of our Business Managers.
We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that works for you.
At the end of your agreement you will then have three options:

  • Return – Simply return the van the back to us
  • Retain – Keep the car by paying the optional final payment
  • Renew – Trade it in for another van
If you decide you want to keep it, you’ll need to pay the Optional Purchase Payment and Purchase Activation Fee which means you’ll then own your vehicle outright.​
For a quotation, help, or advice contact us and ask to speak to one of our Business Managers.

What are the advantages of PCP?

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  • Flexible deposit and fixed monthly payments.
  • Monthly payments are based on only repaying part of the vehicle’s initial value, keeping your monthly payments lower.
  • Our Optional Purchase Payment avoids being any higher if the value of the asset in the used vehicle market falls.
  • You’re in control. Around six months before the end of your agreement you get to choose what to do with your vehicle: Purchase it, return it, or Part Exchange for a new one.
  • BUSINESS CUSTOMERS ONLY: Tax allowances that can be deducted from taxable profits, because the vehicle would appear as an asset on your balance sheet

What should you consider when opting for PCP?

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  • If you want to buy the van you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the van without settling the finance.
  • You won’t own the van until you have made all of your repayments.
  • You’ll need to keep the van properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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​Throughout the life of your finance agreement your circumstances may change and you may wish to settle your agreement early or take ownership of your vehicle. If you have an Agility or Hire Purchase agreement, Mercedes-Benz Finance offer several ways in which you can request an early settlement quotation: 

  • Email - mbfscv@mercedes-benz.com
  • Call - 0370 847 0700 for an automated settlement quote 24/7

What is Hire Purchase (HP)?

Watch Our Video What is Hire Purchase (HP)?

A great choice if you want to own the vehicle at the end of your agreement. You will normally pay an initial deposit and will pay off the entire value of the van in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the van outright.

What are the advantages of HP?

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  • ​You’ll be able to drive away a van that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the van.
  • Choose the amount that you’d like to put down as a deposit.
  • Decide how long the term of the agreement should be (this could be from 24 to 60 months).
  • Pay monthly payments throughout your agreement
What's included?
  • Fixed monthly payments.
  • Tailor the agreement to suit you, choosing the deposit and repayment terms.
  • You have the option to have a balloon payment at the end of the agreement. This will lower your monthly payments.
  • Once your final payment is made, as well as the Purchase Activation Fee, you will own the vehicle outright.
  • BUSINESS CUSTOMERS ONLY: Tax allowances that can be deducted from taxable profits, because the vehicle would appear as an asset on your balance sheet.
At the end of your agreement
Own the vehicle
To own your vehicle outright, you will need to pay a Purchase Activation fee of £10 (plus the final balloon payment if applicable). This will complete the purchase, leaving you free to part-exchange for a new vehicle, or to simply continue driving your current vehicle.​

What should you consider when opting for HP?

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  • ​Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the van.
  • You won’t be able to sell the van without settling the finance.
  • You won’t own the van until you have made all of your repayments.
  • You’ll need to keep the van properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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Throughout the life of your finance agreement your circumstances may change and you may wish to settle your agreement early or take ownership of your vehicle. If you have an Agility or Hire Purchase agreement, Mercedes-Benz Finance offer several ways in which you can request an early settlement quotation:

  • Email - mbfscv@mercedes-benz.com
  • Call - 0370 847 0700 for an automated settlement quote 24/7

Other finance options

Operating Lease​

​A solution for those who want to drive a New Mercedes-Benz Van over a fixed term, with lower monthly rentals and without the worries or commitment of ownership.

How Operating Lease works

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  • Drive one of our vehicles over a fixed term, with lower monthly payments and without the commitment of ownership.
  • Pay an advance rental at the start of your agreement.
  • You’d only repay part of the vehicle’s value, keeping your monthly rentals low.
  • Just make these payments until your agreement comes to an end.

What's included?

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  • Fixed regular rentals that are based on your annual mileage.
  • BUSINESS CUSTOMERS ONLY: Reclaimable VAT depending on usage (proportionally).
  • BUSINESS CUSTOMERS ONLY: Rentals are allowable against taxable profits.

What happens at the end of your agreement?

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  • Hand back your vehicle
  • When you return the vehicle, you need to make sure it's in line with our Vehicle Return Standards. Vehicle condition, excess mileage and other charges might apply.

Contract Hire​

​Gives you the ability to enjoy driving a Mercedes-Benz including the cost of the Vehicle Excise Duty without having to take on full ownership.

How Contract Hire works

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  • Gives you the ability to enjoy driving a Mercedes-Benz including the cost of the Vehicle Excise Duty without having to take on full ownership.
  • Pay an advance rental at the start of your agreement.
  • You’d only repay part of the vehicle’s value, keeping your monthly rentals low.
  • Just make these payments until your agreement comes to an end.

What's included?

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  • Fixed regular monthly rentals (that include VAT).
  • Rentals cover the cost of the Vehicle Excise Duty.
  • Monthly rentals are based on your annual mileage decided at the start of your agreement.
  • MOT reminders.
  • Administration of any speeding and parking fines when necessary.
  • Repair and maintenance options.
  • BUSINESS CUSTOMERS ONLY: Rentals are allowable against taxable profits.
  • BUSINESS CUSTOMERS ONLY: Reclaimable VAT depending on usage (proportionally).

What happens at the end of your agreement?

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  • Hand back your vehicle
  • At the end of your agreement the vehicle will be collected, you’ll need to get in touch with us to arrange this. The vehicle will need to be in line with our Vehicle Return Standards. Vehicle condition, excess mileage and other charges might apply.

Finance Lease​

​Allow your vehicle to appear as an asset on your balance sheet, without the option of ownership as you hire a vehicle for a fixed period.

How Finance Lease works

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  • You hire your vehicle for a fixed amount of time without owning it, and it’s shown as an asset on your balance sheet.
  • Choose the length of your agreement and pay an agreed amount up front. You then continue with monthly rentals throughout your agreement.
  • Set a balloon payment, which is paid as a lump sum at the end of your agreement and lowers your monthly rentals.

What's included?

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  • Fixed regular rentals enable you to easily budget.
  • Rentals are not based on annual mileage.
  • BUSINESS CUSTOMERS ONLY: Tax allowances that could be deducted from taxable profits, because the vehicle appears as an asset on your balance sheet.

End of Agreement Options

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  • Option 1: Extend your agreement
  • Extend your agreement for a fixed period. To do this, pay a ‘peppercorn’ payment, which is equal to one month’s rental per annum.
  • Option 2: Sell your vehicle to an independent third party
  • Once all outstanding finance has been paid, including a balloon payment (if applicable), you’d sell the vehicle to an independent third party. We’d then invoice them and give you 95% of the proceeds.
  • Option 3: Return the vehicle and we will sell it on your behalf
  • Once all outstanding finance has been paid, including a balloon payment (if applicable), we’d sell the vehicle for you and give you 95% of the proceeds.