Daimler Fleet Management

Fund your Fleet

We offer everything from the basic funded product to a fully outsourced solution. Whether you want to own or lease your vehicles, or provide cash for car options, we can help.

Funding can be combined with our comprehensive range of additional services including servicing and maintenance, roadside assistance, fuel management, accident management and daily rental vehicles.

Contract Hire

Lease vehicles for a fixed period and for a fixed monthly rental.

Your monthly rentals are based on the difference between the initial value of the vehicle and its projected residual value at the end of your agreement. Therefore, only a proportion of the vehicle’s value is repaid, which avoids a large initial outlay and keeps monthly payments lower.

 

Features include:

  • Fixed regular monthly rentals (that include VAT) mean you can easily budget.

  • Pay an agreed number of advance rentals at the start of the agreement.

  • Rentals are based on your annual mileage.

  • We manage the vehicle taxation process on your behalf, as well as sending MOT reminders and administering any speeding and parking fines when necessary.

  • Service, repair and maintenance options are also available.

  • Capital expenditure is eliminated.

  • Your business gains an additional line of credit.

  • Rentals are allowable against taxable profits (proportionally).

  • VAT is reclaimable depending on usage (proportionally).

  • The vehicle is not shown as an asset on the balance sheet.

  • Rentals also include the cost of Road Fund Licence over the length of the finance agreement

At the end of your agreement :
 
Simply return your vehicle with nothing more to pay, subject to it being in line with our Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.

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Finance Lease

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

Rentals are based on the vehicle’s value over the term of your agreement, however you can choose to pay a final lump sum to reduce the regular payments. Then throughout your agreement you make regular instalments until your agreement comes to an end.
 
Features include:

  • Fixed regular payments means you can easily budget.

  • Capital expenditure is eliminated.

  • The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.

  • Payments are not based on annual mileage.

At the end of your agreement choose from three options:
 
Option 1:
Extend your agreement and continue to use the vehicle for a further agreed period and pay a minimal monthly rental.

Option 2:
Sell your vehicle to an independent third party. We will invoice the third party and return 95% of the sales proceeds to you.

Option 3:
Return the vehicle and we will sell it on your behalf and will return 95% of the proceeds to you (minus any resale fees).

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Contract Purchase

Defer your decision to purchase, hand back or part-exchange your company vehicles until the end of the agreement.

At the start of the agreement, you put down a deposit and decide the term of your agreement and annual mileage. At the end of the agreement you can pay a predetermined balloon payment (based on the Guaranteed Future Value) to complete the purchase of your vehicle or choose to return the vehicle to us (vehicle condition and excess mileage may apply).
 
Features

  • Fixed regular payments mean you can easily budget.

  • Payments are based on a proportion of the vehicle’s value which gives you the benefit of lower monthly payments.

  • A Guaranteed Future Value avoids the risk of unplanned depreciation of your vehicle.

  • You defer your ownership decision until the end of the agreement.

  • The vehicle is an asset on the balance sheet, therefore tax allowances may be deducted from taxable profits.

At the end of your agreement choose from three options:
 
Option 1:
Purchase your vehicle and own it outright.

Option 2:
Hand back your vehicle with nothing more to pay, however it must be in line with our Vehicle Return Standards, as vehicle condition, excess mileage and other charges may be payable.

Option 3:
Part-exchange your vehicle, by completing the purchase of your vehicle then part-exchanging it for a new Mercedes-Benz.

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Sale and Leaseback

Giving you the opportunity to release capital currently tied up in your fleet if you have opted to buy your vehicles outright.

We buy the vehicles from you and structure a Contract Hire agreement on the nominated cars – with maintenance and other services as required. The transfer of the management of the fleet is a seamless process with no disruption to your drivers and cash is released immediately for you to deploy elsewhere in your business.

 

Features include:

  • Realise all the benefits of Contract Hire immediately across the entire fleet.

  • No risk of falling residual values.

  • Ease of budgeting.

  • Outsourced vehicle administration and management.

  • Releases cash for you to deploy elsewhere in your business.

  • Reduce internal administration.

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