Decoded - Documents Required To Help Finance Your Mercedes Benz

By Author: Prashant Agarwal
Total Articles: 119
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In the fast-paced world we live in, surrounded by needs and wants, we may often shelve or compromise on our dreams. We may promise to indulge ourselves only once we’ve reached a particular level of success or status, or are simply unsure about how to go about making big purchases without assistance. But owning a premium luxury car doesn’t have to be an unfulfilled desire.

Mercedes Benz Finance or MB Finance offers a range of options that will help you buy or lease your dream car. When you visit your Mercedes showroom in Delhi, your sales associate will be able to share with you details about different financial schemes and products such as Star Finance, Star Lease and Star Agility amongst others that will ease your mind and provide attractive ways to finance your Mercedes Benz.

Of course it’s always good to be prepared with your documents even before you visit the Mercedes showroom in Delhi. This way, you can easily check what finance options you are eligible for so that application and approval becomes a breeze. Here’s a handy checklist that you can use to get your documents in order.

General Documents:
• ITR or Form 16:
For obvious reasons, MB Finance should have a clear idea of your income, taxes paid and tax returns.

• Last 2 years’ balance sheets:
This is not required for a salaried professional but is essential for a proprietor, partnership, company or trust that is looking to buy Mercedes Benz cars.

• Photo ID proof:
Bring both originals and copies of your PAN card or passport as valid photo identity proof.

• Address proof:
Electricity bills, telephone bills, index 2, sales tax resignation or an incorporation certificate are all accepted as valid proof of address.

• Six months’ bank statements:
Your bank statements help MB Finance get a better idea of your income and expenses and suggest suitable products

• Passport photograph:
You only need one unmarked passport photograph that will be used on your application form.

• Existing loan details
If you have taken out a loan in the past and are currently paying it off, you need to provide details of the same.

For a partnership or trust:
In addition to the general documents listed above, when the purchase is being made by a partnership or trust, there are some additional documents that need to be provided:

• Deed:
You need to provide MB Finance with a copy of your partnership deed or trust deed papers and carry the originals as well.

• Letter of authority:
A partnership or trust purchase can only be carried out with a letter of authority to prevent any possible fraud.

For a salaried employee:
If you are a salaried professional, there are some further documents that you would be required to provide, such as:

• 3 months’ salary slips:
Your salary slips help to provide a clear picture of your full or partial income every month.

• Employment ID:
Acting as not just further identity proof, but proof of employment as well, you must make sure to carry your employee ID.

There you have it - a simple but comprehensive checklist of all the documents you require to help finance your Mercedes Benz. So get all your documents ready and head to your nearest Mercedes showroom in Delhi!