Mercedes-Benz Financial Services UK
is celebrating both its 20th birthday and a record market share of
5.1% in the UK car finance market.

The Daimler Financial Services AG
subsidiary is also moving to new premises in Milton Keynes,
alongside Mercedes-Benz UK.

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Launched in October 1990, the
captive finance provider says it is enjoying its most successful
period to date. The firm currently finances half of all
Mercedes-Benz passenger car registrations in the UK.

The company has a retail portfolio
of more than 143,000 vehicles worth in excess of £2.2bn.

Managing director Bob Middleton
said: “Over the past two decades, MBFS UK has prospered and grown
through its ability to offer a range of competitive products which
match the changing needs of customers and the Mercedes-Benz
retailer network.”

Mercedes-Benz Financial Services
also operates a sizeable insurance business with more than 39,000
policies. Its products have secured a five-star Defaqto rating,
which the company says “places them in the top 10% of UK
policies.”

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Middleton added “We have been able
to develop tailored solutions for a wide range of professional
bodies and sports affiliates including the PFA, PCA, The Royal
Institute of Chartered Surveyors and the Law Society of England and
Wales.

“Late next year we plan to move our
entire operation across Milton Keynes to sit alongside our
colleagues at Mercedes-Benz UK.

“It will mean an even closer relationship between both sides of
the business with benefits for our customers and the retail
network.”