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Finance 5

In Partnership With Mercedes-Benz Vans Finance

Here at Northside Truck and Van, we work in close partnership with Mercedes-Benz Financial Services Uk to offer payment solutions to benefit all our customers. Available is a range of options including Contract hire, Agility (personal contract plan), Operating lease, finance lease and hire purchase.
Our easy, transparent guide to vehicle finance will talk you through all the available finance options, So whether you're a new customer or you're reaching the end of your contract, you'll know what to do next. 

If your business has been financially affected by COVID-19 and you wish to discuss the options regarding your existing Mercedes-Benz Financial Services finance contract, please see below:

If your finance agreement is with Mercedes-Benz Financial Services, they have advised that they will work directly with customers who find themselves in financial difficulty due to the current situation.

This will be on a case by case basis, so we advise that you email them directly at with the subject line ‘Covid 19’, details of your circumstance and vehicle registration(s) in the body of the text.

Unfortunately, any finance contracts are between yourself and the finance provider, so Northside are unable to confirm any decisions on their behalf.

Hire Purchase

Understanding Hire Purchase

On selecting the vehicle you want and paying an initial deposit (minimum VAT), the remainder of the vehicles cost is spread over a number of agreed months.
At the end of the agreement the vehicle is owned outright once the option to purchase fee is paid. 

Hire Purchase includes:

  • Route to vehicle ownership
  • Predetermined monthly payments
  • Flexible deposit 
  • Tax allowances may be deducted from taxable profits
  • The vehicle will appear on your balance sheet as an asset


Understanding Agility


From the outset of an Agility agreement (similar to PCP) you have control; you choose the amount you want to put down against the vehicle as a deposit, and the term of the contract as well as your preferred annual mileage.
Over the course of the predetermined term, you will pay monthly installments to cover the cost of your vehicle. At the end of the term, you will have the option to buy the vehicle outright, part exchange or return the keys to MBFS.
If you choose to keep the vehicle at the end of the agreement, you will pay the guaranteed future value (Optional Final Payment) which is clearly indicated at the start of the contract duration and an option to purchase fee.  Because of the transparency of the optional purchase payment, you are protected against market value depreciation and have the benefit of lowering your monthly payments so you do not pay out more than the value of the vehicle. 

Agility features include:


  • Fixed payments of a predetermined amount
  • Low monthly costs
  • Transparent Optional Purchase Payment to protect you against unplanned depreciation of the value of the vehicle
  • Set your own annual mileage at the start of the agreement
  • Option to choose whether to purchase or hand back vehicle at the end of the agreement
  • As a commercial vehicle, it is fully allowable against your taxable profit

Contract Hire

Understanding Contract Hire


Contract Hire allows a business or person to essentially rent a vehicle for a set amount of time. An advanced rental payment is followed up by a number of monthly rental payments based on the initial value of the vehicle and its projected residual value at the end of your agreement. 
Initial rental costs and monthly payments are kept low as only a portion of the vehicle's value is repaid.  Build into your monthly payments your maintenance contract., select from ‘No Maintenance’, ‘Service Only’, ‘Full Maintenance’ or ‘Full Maintenance with Tyres’ options.

At the end of your agreement, the vehicle is simply returned to MBFS. As long as the condition and mileage of the vehicle are in line with the vehicle returns standards, then there is nothing else to pay. 

Contract Hire includes:


  • Affordable initial deposit
  • Predetermined fixed monthly payments (that include VAT)
  • Payments can include the cost of the Road Fund Licence
  • Annual mileage inline with your business needs
  • Tax administrated on your behalf (if included in the contract)
  • We will also administer any speeding and parking fines when necessary at a charge of £25 per fine
  • Repair and Maintenance options
  • Proportionally allowable against taxable profits
  • All monthly rentals are subject to VAT which can be claimed back through your VAT return

Operating Lease

Understanding Operating Lease

Operating Lease allows you to hire a Mercedes-Benz vehicle for an upfront rental fee and an affordable monthly cost.
Repayments are based on the initial value of the vehicle, your annual mileage and its projected residual value at the end of your agreement.

Repayments only account for a portion of the vehicles total value, allowing you to benefit from driving a Mercedes-Benz at just a fraction of the vehicles cost. 


Operating Lease includes:

  • Affordable initial deposit
  • Predetermined fixed monthly payments
  • All monthly rentals are subject to VAT which can be claimed back through your VAT return
  • Payments can include the cost of the Road Fund Licence
  • Currently sits off your balance sheet


Finance Lease

Understanding Finance Lease

Finance Lease gives the option to experience a Mercedes-Benz product without having to purchase outright but with the added benefit of appearing as an asset on your balance sheet. 
At the beginning of the contract, you pay an advanced rentals upfront followed by monthly rentals for the term of the contract which you determine at the start of the contact. 

You can minimise the amount of your monthly rentals by choosing to add a balloon payment at the end of your agreement. There is no vehicle ownership right included with Finance Lease. 

At the end of your agreement you have 3 options:

  • Return the vehicle to MBFS to be sold on your behalf, with which you will receive 95% of the sale proceeds minus any reseller fees. 
  • Sell the vehicle on yourself to an independent third party, with vehicle proceeds of 95% being retained by you.
  • Extend your agreement with peppercorn rental. by paying an amount equal to 1 month rental per annum. 


Finance Lease Includes:

  • The vehicle appears as an asset on your balance sheet, therefore is tax allowable
  • No preset annual mileage
  • Flexible monthly rentals due to the option of a balloon payment
  • Fixed monthly cost

Return Conditions

All Northside Truck and Van vehicles acquired on a lease or hire basis are subject to return conditions. Read about the   acceptable and unacceptable standards   within. 


Northside Truck & Van Limited is authorised and regulated by the Financial Conduct Authority in regard to Consumer Credit, our firm reference number is 658350.Northside Truck & Van Limited are a credit broker, not a lender. We can introduce you to a limited number of finance providers which we have selected carefully, and who may pay us for introducing you to them.
Northside Truck & Van Limited is an Appointed Representative of Autoprotect MBI Ltd for insurance mediation purposes. Autoprotect MBI Ltd is authorised and regulated by the Financial Conduct Authority, their firm reference number is 312143

You can check this on the FCA website by visiting: or by contacting the FCA direct on 0800 111 6768