| TRImotion is a new innovative financial solution. The retail cost of your vehicle is split into three elements:
- Your deposit.
- Your principal debt
- Your Residual value (RV) /Balloon
By placing a deposit and having a RV/Balloon on your vehicle the principal debt to be financed is reduced substantially, thus drastically lowering your monthly instalments. TRImotion is a 36-month finance agreement. At the end of the finance period you may decide to either replace your vehicle with a new vehicle or if you decide on keeping your vehicle your RV / balloon could be refinanced or settled. The benefit of TRImotion is that if you decide to renew your vehicle you are able to use the equity in your current vehicle as a deposit for your next vehicle. |
| How will I benefit from TRImotion? |
- Lower instalments - due to the deposit and RV/Balloon components.
- Interest savings – you will pay less interest due to the shorter finance period as well as the reduced Principal debt due to the high deposit.
- New-vehicle turnover rate – being a 36-month finance agreement with a buy back option you can place this equity into your next vehicle.
- No equity infusion – the deposit is a once off payment and the equity in the vehicle after 36 months can be used as a deposit for the next vehicle. |
| How do I purchase a vehicle using the TRImotion finance option? |
| All you need to do is visit your nearest Mercedes-Benz Dealership and speak to one of our Finance and Insurance Advisers. They will assist you with any questions/queries that you may have. |
| Can I purchase all brands under this finance option? |
| The finance portion is available to all Mercedes-Benz brand vehicles. The ratios may differ from brand to brand i.e. your financed portion may increase or decrease. |
| Can I finance my vehicle over a term longer than 36-months? |
| Yes, any period can be catered for, however this would impact on the Finance portion and the RV / Balloon. This will also alter the TRImotion formula as the depreciation of the vehicle will change according to the period. |
| Can I change my choice of vehicle once the term has ended? |
| Yes, but the vehicle price of a different model/Class will influence the deposit required. |
| What interest rate will I qualify for? |
By default the calculator is set at the prime interest rate however you can qualify via credit approval for a better rate.
You will also have the option of a fixed interest rate. |
| Is there a limit on the mileage I cover over the 36-month term? |
| Yes, an annual limit is set for kilometres. However, the customer has a choice of the various options available, which would impact on the finance portion. |
- This will depend on whether you decide to simply renew your current vehicle Class or choose another model/Class:
- Renew current vehicle Class - TRImotion is uniquely designed having evaluated prevailing market conditions to ensure that customers are exposed to a minimum risk of having to supplement the initial deposit. Terms and conditions however apply.
- Choose another model/Class – In this situation you will be required to pay the additional deposit |
| Can my instalments fluctuate? |
Yes. If the prime interest rate and/or the retail price of your vehicle changes, this will have an impact on your monthly instalments.
Interested? Call 0861 324 653 or fax (012) 660 7219 or e-mail us for more information. |
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