Mercedes-Benz India introduces 'Wishbox' custom financial solutions
The currently ailing automotive industry in India presents many a challenge, beginning with poor sales resulting from customer confidence. Allowing those of you keen on adding a luxury car to your portfolio is Mercedes-Benz India with new ‘Wishbox’ options from their finance arm.
Details of the program are listed below:
‘Key to Key change’ is a unique offering, which allows customers to own two Mercedes-Benz cars in a span of 4 years. Applicable on GLE and GLS SUVs, this offer allows two upgrades at no extra cost and the customer always gets to own the latest product offering
‘25-25-25-25’ scheme allows a customer to own a Mercedes-Benz car without having to worry about the down payment and the immediate commencement of EMIs. The customer makes a down payment of 25% of the value of the car and then pays three annual payments of 25% each
Zero Down payment is aimed at benefitting the customers by addressing the challenge of a high entry barrier by significantly reducing the down payment, as a regular down payment goes up to 40% including margin, tax and insurance. The customer here pays only the road tax and enjoys EMI at a low interest rate for 60 months.
Star Agility+ : Mercedes-Benz is also introducing ‘Star Agility+’ program for aspiring customers providing with up to 40% lower EMI costs, which are inclusive of maintenance, warranty and assured buyback. Providing an example, customers opting for a C-Class with 3 years loan tenure, the standard loan EMI would be Rs. 1,35,000/- (without maintenance). Under the new ‘Star Agility+’ program, the EMI will be Rs. 82,000/- including maintenance, allowing customers to save Rs. 53,000/- each month*
Comprehensive Insurance: Additionally, customers will be offered complimentary two years insurance program which provides benefit of minimal cost, leading to low equity requirement from customers and higher perceived value