Applicant(s)

  • Mercedes-Benz Financial Services Australia Pty Ltd

Notification number(s)

  • N95931

Summary

Mercedes Benz Financial Services will offer a "12 months interest free" feature to their standard finance products on the condition that the customer purchases selected new demonstrator or used motor vehicles from Patterson Cheney Pty Ltd.

All of Mercedes Benz Financial Services' products involve a fixed interest rate for the term of the loan (including contracts impacted by the proposed consuct). Interest accrued during the "12 months interest free" period will be paid for upfront, in full, to Mercedes Benz Financial Services by Patterson Cheney.

The proposed conduct will be limited to a campaign period of approximately 3 months.

Notifications

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ACCC correspondence