Mercedes-Benz Financial Enhances Lease Turn-In Process for Dealers, Customers

New software brings speed, efficiency to First Class Finish

FARMINGTON HILLS, Mich., Feb. 22 -- Mercedes-Benz Financial is enhancing its already revamped lease vehicle turn-in process, called First Class Finish, to further benefit dealers and customers alike.

Starting today, Mercedes-Benz Financial is providing brand new software to all Mercedes-Benz dealerships on their hand-held Dynamic PDA (personal data assistant).

Mercedes-Benz USA provided the Dynamic PDAs to all dealers in 2009. They have been using the device for various services, such as a pre-delivery inspection of each vehicle before it is ready for sale. Each dealer has received one to four PDAs, depending on the size of the dealership.

The new software for the PDAs is the first step in several technological enhancements for First Class Finish since the customer and dealer-friendly initiative was launched last year.

Now, when a customer brings a leased vehicle to the dealership at the end of its term, a dealership representative can use the PDA to scan the vehicle identification number (VIN) and start final inspection, the first step in the new lease vehicle turn-in process which takes about 15 minutes, compared to 30 minutes in the prior process.

"This technology is beneficial to both the customers and the dealers because it eliminates paper forms for the dealer and is a much faster and efficient process for busy customers," said Jeff Gartland, Director of Remarketing for Mercedes-Benz Financial. "We see a great opportunity to end the paper process and replace it with a green process that benefits everybody."

First Class Finish was rolled out to Mercedes-Benz dealers in the second quarter of 2009. The new process eliminates the vehicle's final inspection by an independent third party and brings clarity to the customer through increased communication with the dealer.

  The new process

  --  adds a brief pre-inspection at the originating dealership around 90
      days before the end of the lease term
  --  allows final inspection at any Mercedes-Benz dealership at the end of
      the term
  --  provides final documentation and billing to the customer on the spot,
      not several weeks after turning in the vehicle
  --  gives the customer an explanation of all applicable charges
  --  gives the dealer the opportunity to pre-inspect the vehicle, discuss
      the condition with the customer and determine the customer's future
      intentions
  --  gives customers a preview of brand new product at the dealership
  --  informs customers if they qualify for loyalty pull-ahead programs
      which may waive the remaining obligation on their current lease.

"The best case scenario that benefits the customer, dealer and Mercedes-Benz Financial is if the customer comes in for the pre-inspection, discovers that they qualify for a pull-ahead loyalty program and they drive home in a brand new vehicle," Gartland said.

About Mercedes-Benz Financial

Mercedes-Benz Financial, now in its 28th year of operation, provides financing for Mercedes-Benz dealers' inventories and their retail customers. Currently, more than 450,000 drivers in the United States enjoy the benefits of leasing or financing their Mercedes-Benz vehicles through Mercedes-Benz Financial. For more information visit www.Mercedes-BenzFinancial.com