Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

Daimler Financial Services (DFS) has established a new subsidiary in Malaysia called Mercedes-Benz Services Malaysia Sdn Bhd, as announced to the media this morning in KL. DFS provides financing, leasing, fleet management, insurance and mobility services, and operates in over 40 countries worldwide.

Malaysia is DFS’ third market entry in Asia after China and India, and the company invested five million euros to set up this latest outpost. They mulled over the idea back in 2008, but the global financial crisis sidetracked plans, but what’s important is they’re here now.

Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

“Entering the market in Malaysia is an important step that will help secure our lasting profitable growth. What’s more, we are pleased that our local customers will now also enjoy our automotive financial services, which meet the highest international standards,” said Klaus Entenmann, chairman of DFS, at the press conference.

As a start, Mercedes-Benz Services Malaysia (MBS) offers Mercedes-Benz and Fuso customers with a “one-stop shop” of financing options, which won’t be alien to customers of Merc’s premium rival BMW, which also has a financial arm. The three options available are HP Classic (straightforward equal monthly installments), HP Balloon (lower monthly payments with a final lump sum) and HP FlexiPay.

Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

The latter gives customers the flexibility to structure their payments taking seasonal effects or festival periods into consideration. This option aims to help buyers effectively manage and plan their finances, which could be useful for businessmen and those whose cash flow aren’t consistent.

Meanwhile, HP Balloon could make Mercedes cars more accessible, as it lowers the monthy installment sum. By the time the final lump sum (agreed upon at time of purchase) is due, one can trade-in the car to pay off the remainder, if he/she hasn’t already done so earlier. Interest rates “will be competitive”.

In addition, MBS is also offering insurance solutions under the Mercedes-Benz Insurance Services banner, underwritten by partners Allianz and AXA. Upcoming plans include a payment protection insurance and a courtesy car program.

Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

MBS isn’t just there for the customers, but dealers as well. “Financing options for our Mercedes and Fuso dealers are also available. We want to be a strong partner for our Malaysian dealers. The aim is to give dealers the opportunity to invest in other aspects of their business,” said MD Hilke Janssen, who had a hand in setting up the Indian business before she moved here.

MBS is also highlighting its digital presence – examples include a financial calculator on the Mercedes-Benz Malaysia website and an iPhone app called ‘myMBFS’ that enables customers to select a car model, calculate monthly installments and access info and promotions. Customers can also submit service inquiries via the app.

Daimler Financial Services now in Malaysia – offers financing for Mercedes and Fuso customers, dealers

“We are investing in forward looking ways to reach out to our customers,” said Janssen who added that an Android version of the app is under development. An iPad app called iShowroom serves customers at all Mercedes showrooms.

An “opening offer” was revealed at the launch, where the RM363,888 Mercedes-Benz E200 CGI with one year insurance can be had with a low 0.58% interest rate from Mercedes-Benz Services. The promo is valid for this month.

For more info and enquiries, visit www.mercedes-benz-services-malaysia.com.my or call 1800 22 6237.

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Danny Tan

Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.

 

Comments

  • Xefron on Nov 07, 2012 at 5:34 pm

    for those who are searching the link

    https://www.mbfs.com.my/calculator/

    Like or Dislike: Thumb up 8 Thumb down 1
    • Paul Tan on Nov 08, 2012 at 12:22 am

      It’s a pretty useful calculator to help people understand the other finance schemes available other than the straightforward financing.

      Like or Dislike: Thumb up 3 Thumb down 1
  • johnny on Nov 07, 2012 at 5:37 pm

    i guess we are going to be seeing more merc’s on the road now…

    Like or Dislike: Thumb up 0 Thumb down 0
  • Jimmy on Nov 07, 2012 at 6:03 pm

    Smart move. Good business. Risk is much lower than Perodua/Proton financing.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Biscuit on Nov 07, 2012 at 7:27 pm

    It’s time to upgrade….

    Like or Dislike: Thumb up 0 Thumb down 0
  • johnny on Nov 08, 2012 at 8:16 am

    hmmm been scratching my head on this comment “Malaysia is DFS’ third market entry in Asia after China and India,” wondering why they would choose us instead of lets say singapore…
    maybe because.. crazy price + 9 yrs loan = awesome profit

    Like or Dislike: Thumb up 0 Thumb down 1
    • Peter on Nov 08, 2012 at 1:07 pm

      Johnny this statement is not precise. Malaysia is among the three most recent market launches. Altogether there are 12 markets in Africa & Asia Pacific where DFS has been established, in some for more than a decade. Now also customers in Malaysia will have a greater choice among options how to finance and insure their Mercedes-Benz Cars, vans, trucks and FUSO trucks

      Like or Dislike: Thumb up 1 Thumb down 0
  • Just bought a C Class a month ago. The bank offered 2.33% HP rate per annum based on Islamic Principle. Took financing for 5 years. What to do, just meet the boat, a brilliant scheme by MBM. BTW, love my C Class.

    Like or Dislike: Thumb up 3 Thumb down 2
  • Just bought a C Class a month ago. The bank offered 2.33% HP rate per annum based on Islamic Principle. Took financing for 5 years. What to do, just meet the boat, a brilliant scheme by MBM. BTW, love my C Class.

    Like or Dislike: Thumb up 1 Thumb down 1
  • zanggief on Nov 08, 2012 at 9:31 am

    normally for those owner who will be boss or under company name and this may not attractive but for those private owner may be considerable…

    Like or Dislike: Thumb up 0 Thumb down 0
  • bought 528i under BMW credit with 1.06% 5 years loan. actually, car dealer should come up with their own HP servce, so we wont get ripped off by banks.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Hope leasing will be offered too, will be best if u are changing cars every 3-4 yrs….no need to own it, just lease it. Such arrangement re quite popular in developed countries

    Like or Dislike: Thumb up 0 Thumb down 0
    • Yes.. D case is USA. Ppl leased car despite car is cheap over there. At least 90% of d ppl lease car.

      Like or Dislike: Thumb up 0 Thumb down 0
 

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