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Mercedes-Benz Trucks and Buses launches new financing options in Argentina
๐Ÿ‡ฆ๐Ÿ‡ท Argentina /Economy & Trade

Mercedes-Benz Trucks and Buses launches new financing options in Argentina

From La Naciรณn · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Mercedes-Benz Trucks and Buses launched new financing options in Argentina to facilitate fleet renewal.
  • The company introduced new credit lines, leasing, and a digital platform for faster financing access.
  • This initiative follows the recent inauguration of its new US$110 million truck and bus factory in Zรกrate.

Mercedes-Benz Trucks and Buses is offering new financing solutions in Argentina to help transport companies update their fleets. The company announced new credit lines, leasing options, and a digital platform designed to streamline access to funding.

These financial tools aim to make it easier for carriers and businesses to acquire new vehicles. Options include financing up to 12 months with a 6.9% annual nominal rate (TNA), a 48-month financing plan at 27% TNA, and a 36-month leasing option at 23% TNA.

"We seek to provide concrete solutions so that our clients can renew their fleets, improve their profitability, and contribute to the growth of productive activity," said Diego Marรญn, president and CEO of Mercedes-Benz Compaรฑรญa Financiera. The company also launched "MyCredit," an online platform for instant credit pre-approval.

This push for fleet renewal comes after Mercedes-Benz Trucks and Buses inaugurated its new US$110 million factory in Zรกrate in May. The facility, built over four years, is the company's first greenfield automotive plant in Argentina in 15 years and is dedicated solely to trucks and buses, aiming for improved operational efficiency.

We seek to provide concrete solutions so that our clients can renew their fleets, improve their profitability, and contribute to the growth of productive activity.

โ€” Diego MarรญnPresident and CEO of Mercedes-Benz Compaรฑรญa Financiera, explaining the purpose of the new financing tools.
DistantNews Editorial

Originally published by La Naciรณn in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.