Mercedes-Benz Financial Services (MBFS), the captive finance partner of the Daimler Group, is offering 0% APR representative on the smart ebike.
The electric bicycle from Daimler’s small city car brand is available on 24-48 month hire purchase until 30 September. In the example given by the manufacturer, the £2,495 bike would be available from £59 a month over 36 months.
Go deeper with GlobalData
Across its differentiated portfolio from smart cars to Freightliner trucks, loans to private and commercial customers of MBFS rose 24% by volume in 2012, and doubled between 2009 and 2011.
MBFS is not the only UK finance company to offer finance on bicycles alongside cars: Midlands-based non-prime lender Moneyway, the lending arm of Secure Trust Bank, holds an agreement with the Association of Cycle Traders to supply finance on pedal bikes.
The car and non-car retail lending operations at Moneyway have now grown to the point of separation, headed by Andy McMorine and George Miller respectively.
richard.brown@timetric.com
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
