This article first appeared in The Edge Financial Daily on July 11, 2017 - July 17, 2017

KUALA LUMPUR: Mercedes-Benz Services Malaysia Sdn Bhd (MBSM) is set to capture a wider Mercedes-Benz fan base with its latest financing solution called “Lease2Go”.

Focusing on usership by removing unnecessary ownership commitments, MBSM said Lease2Go allows Mercedes-Benz car owners to upgrade to another Mercedes-Benz model with ease.

“MBSM is constantly developing new ways to translate our customers’ needs into relevant and innovative financing solutions. [With] Lease2Go, we are removing all the unnecessary ownership commitments to give our customers peace of mind, and make it as easy as ever to enjoy driving and upgrading their Mercedes-Benz cars,” said MBSM managing director, Mike Ponnaz, in a statement yesterday.

Ponnaz said MBSM is confident the competitive lease payments as well as the simple-to-understand and user-friendly nature of Lease2Go meets the evolving needs of its growing fan base.

With Lease2Go, customers have full control of customising their lease packages by selecting a preferred lease tenure (one to four years) and anticipated mileage usage (20,000km, 25,000km or 30,000km) per year. Lease2Go also conveniently packages all costs, such as insurance premium and road tax, into a fixed monthly lease.

MBSM said customers who opt for Lease2Go will begin their financing with a two-month refundable security deposit, and a one-month lease rental upfront. After this initial set-up, they only pay for the duration that the car is used, based on the agreed lease tenure.

“At the end of the lease period, the car will be returned and the customer has an opportunity to upgrade to another Mercedes-Benz model through Lease2Go,” it added.

MBSM is not an insurance company. The company provides services to customers as an insurance agent for the insurance services offered on behalf of Allianz General Insurance Co (Malaysia) Bhd and AXA Affin General Insurance Bhd.