Saturday, 8 October 2011

Mercedes Benz plan to offer cars on lease basis





Luxury car maker Mercedez Benz today said it plans to offer cars to Indian customers on lease basis after the launch of its financial services arm.

"We are studying the market.. We will be making a formal announcement in the next few weeks,"Mercedes Benz India Managing Director Peter Honegg told reporters here.

The lease concept, which is relatively new in India, would be made available once their financial services arm (Mercedes Benz Financial Services) was also launched. 

This is because the "residual disk" would be borne by the manufacturer while the Financial services division offers financial options and the retailer is happy selling the cars, he said.

A few months back, Mercedes Benz had formally announced the financial services division in India.

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