If you’re looking to purchase a Mercedes-Benz but prefer not to be confined to the limitations of a conventional hire purchase agreement, consider Agility+. Offered by Mercedes-Benz Financial Malaysia, the innovative payment plan provides you with ultimate flexibility and convenience, as Hafriz Shah explains in this video.
With Agility+, you get a lower, more affordable monthly repayment structure when compared to a traditional bank loan. For example, an EQA250 with a five-year loan would have a monthly instalment of around RM5,100. Through the Agility+ plan, you can net yourself the larger, more practical and quicker EQB350 for an even lower monthly repayment of RM3,488.
This is possible because with Agility+, you’re not paying for the entire car, just what you’re using. With a normal bank loan, the hire purchase agreement is on the entire value of your Mercedes-Benz, but what if you plan to switch up for a newer model three years later? Well, you’ll have to sell your existing car and hope the resale value covers what you owe the bank.
As we all know, resale value is affected by depreciation and other factors that are beyond our control such as the state of the economy and demand. Thankfully, Agility+ remedies this uncertainty by giving you the choice of selecting your ideal tenure and mileage, following which Mercedes-Benz Financial works out your car’s Guaranteed Future Value.
Should you drive your car infrequently and not plan on doing a lot of mileage, you can opt for the minimum 10,000 km per year plan. Additionally, you can even decide how long you plan to keep the car for before upgrading to a newer model. Regardless of how you tailor your Agility+ plan to suit you, your car’s future is 100% guaranteed by the end of the tenure.
The Guaranteed Future Value of your Mercedes-Benz is completely put aside in your payment plan, so you won’t be paying for that portion at all, which is what makes your monthly repayment more affordable with Agility+. Instead, you’ll only be paying for a proportion of the full price of the car, split over how many months and years of your choice.
The annual mileage you choose will only be tabulated at the very end of the agreement, so you still enjoy the freedom of driving the car as you please. Any adjustments are made towards the end, and should you exceed the agreed mileage, you can just pay the extra charges, which is minimal anyway.
Coming to the end of your tenure, you are provided the flexibility to choose to Settle, Extend or just Return the car. If you wish to keep your Mercedes-Benz, you can pick Settle and pay the remaining residual value and take full ownership of the car. Alternatively, you can even sell the car off yourself and pocket the difference if you get a good offer for it that’s even higher than the Guaranteed Future Value.
The second option is to Extend your repayment plan to cover the remaining residual value over the following few years, or third, simply Return the car back to Mercedes-Benz, with no further obligations. With the last option, you’re free to upgrade to a newer Mercedes-Benz model every three to five years.
There are other benefits with Agility+ too, including two service packages to cover scheduled services as well as MobilityPlus, which guarantees a replacement car if your Mercedes-Benz ever needs to be at the service centre for any more than 48 hours.
Owning a Mercedes-Benz more affordably with added flexibility and convenience is possible with Agility+, so if you’re shopping for one, it’s certainly a financing option worth considering.
Ridiculous high price compares to same segments…aim higher fail faster
Excellent scheme. I am in Bangalore. Wish to buy either A class 200 or E class Benz under the Scheme. May I get your advice. I make down payment of Rs 25 lacs. Balance through your Agility + scheme.Let me know the EMI for 5 years.Regards
Brilliant plan. As we have many cars at home, opt for 10k km per year kind of bargain. So after few years can change for newer model. Hehehe…
Long-time reader/commenter as some of you may have noticed. As a car enthusiast website, I do believe that Paul Tan editorial team has a social responsibility to educate people on what are the differences between a traditional hire purchase scheme vs. these leasing schemes. The monthly payment may be a lot lower, but in general you don’t “own” the car for these balloon/agility financing schemes unless you decide to purchase outright.
It would be good to do a monthly payment comparison and then an overall ownership period comparison between the various schemes out there, so that others can be properly educated (we all know these T&Cs are small fine prints designed to be conveniently hidden unless you know what to ask for).
I hope my request doesn’t fall into a black hole. Keep up the good work, PT team!
I second this. How agility differs from traditional? Also how about the bad and good in agility plan compared to traditional?
My own experience with Agility in 2021 for an AMG celup that costs RM363k. Might shed some light for those inquiring.
Standard hire purchase would’ve cost approximately RM6.5k+ monthly for a 5 year tenure based on 4%+- interest rate (back then), after paying 10% DP. The method used by many to fully “own” a car.
With Agility and a 4% corporate discount (pls inquire, your company might be eligible), I’ve been paying RM4.9k+ monthly until my lease is up (3 years). Chose an annual mileage of 20k km and was given a RM216k+ GFV for this config.
Fyi no.1: Interest rates on just “what you’re using” is absurd with Agility. However, this plan works with those who prefer changing cars within a shorter period, and to those who don’t even want to think of costs related to out-of-warranty problems later on.
Fyi no.2: No 63s under Agility, don’t dream too high pls. Those are made-to-order cars. You want it fresh off the line new, with custom this & that, you will have to own it. Back in ’21, most models can go for Agility, from base models up to 43s and 45s. Now, I’m unsure. Check with your sales-rep.
At the end of the tenure, I’d choose the alternative Settle option, for my AMG celup. Sell it off, return the GFV value, pocket the difference for my DP tabung and put it towards a newer model or towards a different brand.
I currently drive a Harrier XU80 via Kinto, under my company. Expensive, but since the lease covers basically everything (car, servicing, tyres, insurance, road tax) I find it worth the price for the sheer convenience and tax deductions.
This Agility+ thing sounds like a better deal even after factoring in having to pay yearly road tax and insurance yourself, which I find too good to be true (considering it’s Mercedes Benz we’re talking about here). What’s the catch?