Available for all new Mercedes-Benz vehicles for either “walk away” or “unlimited kilometre” leases, this option is an excellent alternative use for low yielding excess funds. Using this program, you can choose to provide a larger refundable security deposit in order to lower your lease interest rate. The required security deposit and rate reduction amounts are as follows:
|
MERCEDES-BENZ MODEL
|
SECURITY DEPOSIT
|
RATE REDUCTION
|
| C-Class, B-Class |
$10,000 |
1.50% |
| M-Class |
$13,500 |
1.50% |
| SLK & CLK |
$16,000 |
1.50% |
| E-Class, R-Class |
$18,000 |
1.50% |
| S, G, CLS & GL Class |
$25,000 |
1.50% |
| SL & CL |
$30,000 |
1.50% |
For added flexibility, you have the option to provide only half of the required security deposit amount and receive a Rate Reduction of 0.75%!
Converting your excess funds in the form of a security deposit will contribute to an overall lower lease cost compared to a traditional lease. Consult your authorized Mercedes-Benz dealer for more details.
Security Deposit: A refundable amount that the lessee must pay to the leasing company at the beginning of the lease. This deposit will be returned if all of the terms and conditions of the lease are met, otherwise it will be applied against your lease obligations.
Note: the Maximum Security Deposit Option is not available in conjunction with the Single Pay Option or any special offer that may be in effect. The refundable security deposit will be held until the earlier of lease maturity or lease termination. The deposit is security to Mercedes-Benz Financial that all liabilities will be paid at maturity or termination, and if not, any final amounts due will be deducted from the security deposit before it is refunded.