Finance aid to boost Mercedes EV sales

Daimler launches dedicated UK financial services arm to helping customers move to alternatively-fuelled vehicles

Daimler has launched a dedicated UK financial services arm with a prime aim of helping customers of Mercedes-Benz and Fuso trucks, and Mercedes-Benz buses and coaches, move to alternatively-fuelled vehicles.

Daimler Truck Financial Services UK is set to play a key role in the transition towards zero-emissions transport, while providing purchase, leasing and insurance options specifically tailored to the brands’ UK customers.

The division becomes part of the global Daimler Truck Financial Services (DTFS) operation, described as the road transport industry’s largest captive financial services company with a worldwide contract volume of 18 billion Euros.

DTFS UK will take over the commercial and public service vehicle role formerly fulfilled by Mercedes-Benz Financial Services, which will continue to provide funding options for passenger cars and vans. Truck and bus contracts previously with Mercedes-Benz Financial Services have been automatically transferred to the new operation.

DTFS UK is based in Milton Keynes with Mercedes-Benz Trucks UK, and headed by new managing director Nick Andrews. He believes that it is an exciting time to be launching a new business with the move towards alternative fuels.

“UK operators can already choose battery-electric rigid trucks such as the Fuso eCanter and Mercedes-Benz eActros, while other vehicles that produce zero tailpipe emissions such as the low-entry eEconic and the eCitaro citybus are just around the corner,” Andrews said.

He added; “Customer testing of the eActros LongHaul tractor unit begins next year, and the first hydrogen fuel cell-powered Mercedes-Benz GenH2 Trucks will be on UK roads by the end of the decade – transformative products like these require new and innovative approaches to the business of funding their acquisition and operation.”

“We will support our customers on their journeys to a more sustainable, environmentally-friendly future, by offering leasing, financing and insurance products tailored to these new technologies.”

The latest move comes in the wake of Daimler Truck being spun off from parent company Daimler AG in December 2021, described as “the dawn of a new era of entrepreneurial independence for the truck and bus business.”

Andrew Charman
Andrew Charman
Andrew is a news editor and columnist across all of our sites – The Car Expert, The Van Expert and The Truck Expert. He is a member of the Guild of Motoring Writers, and has been testing and writing about new vehicles for more than 20 years.

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