Beijing, China – Mercedes-Benz Auto Finance China (MBAFC) will become the first auto finance company to offer vehicle leasing in China. The new service is in addition to its financing and insurance offerings, which have been available since the company entered the Chinese market in 2005.
“We welcome the government’s decision to enable auto finance companies to offer leasing in China, as we believe this will have a positive impact on the Chinese vehicle market,” said Ulrich Walker, chairman and CEO of Daimler Northeast Asia. “In this economic environment, we want to give consumers as many financial tools as possible to be able to drive a Mercedes-Benz, whether it’s a purchase, vehicle financing or leasing.”
Starting in March, the company will begin by focusing on corporate fleet leasing to companies primarily in Beijing, and will expand the offer to consumers through retail outlets throughout China. The program will also cover insurance.