Mercedes-Benz Finance launched in EMC
Daimler Financial Services and Al Hilal Bank, in collaboration with Emirates Motor Company (EMC), have begun offering Mercedes-Benz branded financial services under the brand name ‘Mercedes-Benz Finance’. Customers in Abu Dhabi can now take advantage of attractive automotive financing, available for Mercedes-Benz passenger cars.
Mercedes-Benz Finance offers products that are designed for customers who wish to buy a new or used Mercedes-Benz vehicle of their choice in an Islamic Shari’a compliant manner at competitive rates. All Mercedes-Benz Finance products are structured through the Islamic Shari’a principles of Murabaha & Musawamah.
“Al Hilal Bank has earned a reputation for offering some of the best automotive financing deals in the UAE. Our collaboration with Daimler Financial Services and Emirates Motor Company continues our tradition of partnering with the best automotive brands in the world to deliver unparalleled driving experiences. We have prepared very flexible and competitive terms to enable the public to drive out with the Mercedes-Benz model of their dreams without hassle or worries,” saidMr. Mohammad Zaqout, Executive Vice Preseident of Al Hilal Bank.
With the new ‘Star Finance’ product customers can, after a minimum down-payment, enjoy the ease of settling the remaining value through fixed monthly installments throughout their preferred repayment period as per the approved local auto finance rules.
Mr. Kamal Ahmad Rafih, General Manager of EMC, commented, “With a focus on affordable and flexible monthly payments, coupled with our unlimited commitment to service excellence, the ability to purchase a luxury Mercedes-Benz automobile from EMC will be opened up to an even larger audience. Our aim is to provide total peace of mind to our current and future customers of Mercedes-Benz vehicles.”
Daimler Financial Services Board Member Peter Henn, responsible for the Africa & Asia Pacific region said, “Our services are trusted by millions of customers worldwide. Offering Mercedes-Benz branded products in Abu Dhabi is a significant milestone for us. With financial products tailored to the customers in Abu Dhabi, we aim to make the dream of owning a Mercedes-Benz come true for a greater number of people.”
With offices in over 40 countries across the globe, Daimler Financial Services currently puts over three million vehicles on the road worldwide. Through its innovative financial products and customer approach, Daimler Financial Services has increased its portfolio since the end of 2013 by 14% to approximately 95 billion Euros as of the end of October 2014.
Looking forward, Daimler Financial Services, Al Hilal Bank and EMC will continue to work together to develop exciting products and services for discerning Mercedes-Benz customers.