Corporate Star Lease. A Star for your stars.
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1 Corporate Star Lease A Star for your stars.
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3 Leasing. An innovative approach. There are times when you want to acquire a new car and pay for only its use. Leasing makes this dream come true. And if you wish to drive a Star, you can do that with Mercedes-Benz Financial s Corporate Star Lease. When you lease a Star, you only pay for what you use. You optimally preserve your financial flexibility too. Leasing a Star through Corporate Star Lease is simple. All you have to do is choose your desired vehicle, the repayment period and you can drive home your Star. When you lease your car through Corporate Star Lease, you are also protected against unexpected depreciation of your vehicle. Structuring your finance through leasing also allows you to drive a Mercedes-Benz and make low payments than expected. It also gives you the advantage of upgrading your vehicle to a new model every three to four years. Benefits of Corporate Star Lease: Customised solution offered to corporate customers as a part of employee benefit program. Change cars every 3 / 4 years. Tax benefit since lease rentals are fully deductible. Effective tool for employee retention. Seamless disposal of car after end of tenure, without worry of resale value. On-road funding of the car ensures that there is no large initial deposit. Competitive comprehensive motor insurance which includes maintenance package. Predictable running costs. Tax benefits. Off balance sheet financing*. Free up your capital and improve your cash flow. * Terms and condition applied
4 Corporate Star Lease FAQs about Corporate Star Lease What is Corporate Star Lease? A flexible business solution tailor-made for corporate customers whereby the vehicle is leased to you for your chosen period with the option of including insurance, registration and maintenance in the monthly rental. The ownership remains with Mercedes-Benz Financial and so does the liability. Your monthly outflows are significantly lower than making an outright purchase or taking a loan. What happens during your agreement? Simply pay your monthly rentals and enjoy driving your Mercedes-Benz. Read your enclosed wear and tear guide to know more about maintenance and upkeep of the car during the lease tenor. What happens at the end of your agreement? Near the end of your agreement, we will remind you that it is about to end. We will arrange for the collection of your Mercedes-Benz at your convenience, or you can deliver it yourself. You can lease another Mercedes-Benz after closing the exiting contract. If required, avail flexible options to keep driving the car at the end of lease tenor. Total value of Mercedes-Benz Monthly rentals calculated based on only a proportion of the Mercedes-Benz s value Return of Mercedes-Benz
5 Lease Product Options Benefits to Corporate Employer: Rental amount with options to include insurance, maintenance and RT charges for the tenor. Zero down payment option. Off Balance Sheet transaction. Eliminates capital expense. Reduction in monthly outflow. Flexibilty to change car every 3/4 years. Users get the car under flexi pay arrangements and avail beneficial tax position*. Flexibility to keep driving the car after completion of lease tenor. Who can avail Tenor Kilometers Maintenance Package Insurance Corporate Customers, Business Owners, SME, 36 months and 48 months No Mileage Restriction Option to include in rentals Option to include in rentals Tax benefits on the entire rental amount. Effective tool for employee motivation and retention. Peace of Mind through No Mileage Restriction. Registration / Road Tax Car Models covered Option to include in rentals A-Class, B-Class, CLA-Class, GLA- Class, C-Class, E-Class, ML-Class, GL-Class, S-Class Payment mode ECS Security Deposit / Advance EMI s will be applicable as per credit guidelines. Credit at sole discretion of DFSI.
6 Lease compared with other options Car Model CLA-Class Loan 90% ex-showroom funding Tenor 36 months Corporate Star Lease 100% onroad funding Insurance and Registration upfront in both scenarios CLA 200 CDI Loan Outright Purchase Corporate Star Lease Benefits of Corporate Star Lease Outflow Down Payment 8,21,475 36,56,475 0 No Down Payment Per month EMI / Rental 91, ,03,556 Tenor (months) Total EMI / Rental / Investments 33,10, ,28,016 (a) Total Outflow ( EMI + DP ) 41,32,431 36,56,475 37,28,016 Tax Gains Depreciation 4,09,139 4,09,139 0 Interest 1,60, Rentals ,18,405 (b) Total - Tax Gains 5,69,348 4,09,139 11,18,405 Higher Tax Benefits (*c) Interest Loss on Down 10% 2,46,443 10,96,943 0 (a + c - b) Net Outflow 38,09,526 43,44,279 26,09,611 Lower Net Outflow Benefit on outflow over 3 years 11,99,914 17,34,668 * Indicative illustrations with rentals. Please refer to dealership price list for updated car price, insurance premium, and taxes. Other Benefits: 1. Lower outflow resulting in higher cashflow savings. 2. No risk on resale of the car. 3. Easy upgrade every 3 years. For detailed comparison on total cost of ownership under both options please speak to our representatives.
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8 The illustrations in this brochure can also include accessories and special equipment that are not part of the standard scope of delivery. Colour deviations are possible due to printing techniques. The stated financing offers are based on the current capital market interest rates. They are subject to change, and do not obligate any party to conclude a contract. To know about the current offers, please ask your Mercedes-Benz Financial representative or visit Dealer Name & Address Daimler Financial Services India Private Limited, RMZ Millenia Business Park, Campus 3B, Unit 202, 2 nd floor, 143, Dr. M.G.R. Road, Perungudi, Chennai , India. Phone: DFSI (3374) Fax: starfinanceindia@daimler.com,
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