Driving innovation in automotive financing, Mercedes-Benz Services Malaysia Sdn Bhd (MBSM) is raising the game with more options for customers to finance and protect their prized Mercedes-Benz vehicles. Leveraging on its menu selling strategy, MBSM recently introduced Return To Invoice (RTI) insurance and Tyre and Rim insurance options for customers to complement their standard comprehensive motor insurance.
MBSM’s menu selling strategy is designed to enhance its customers’ retail experience, creating greater value compared to traditional automotive financing. Customers have full access to an extensive list of financing and insurance solutions, thus raising the bar in financial flexibility.
Taking it a step futher, customers financed under MBSM enjoy a number of options at the end of their contract period; whether it is to keep their vehicle by paying the residual value, utilizing follow-up financing, or return the vehicle and immediately upgrade to the latest Mercedes-Benz model.
The newest addition to MBSM’s list of contemporary solutions is the RTI insurance, an innovative solution that helps customers maintain the value of their Mercedes-Benz vehicles. It eases the financial burden of the policy holder in the event of a total loss, from theft or fire, where a replacement vehicle is required. It offers complete protection against depreciation by covering the difference between the purchase price of the Mercedes-Benz vehicle and the amount paid by a Comprehensive Motor Insurance at the time of loss.
With RTI coverage, customers will have the same amount of money to purchase a replacement Mercedes-Benz vehicle. The maximum sum insured is RM1 million, and the maximum gap pay-out is RM500,000.
Meawhile, Tyre and Rim insurance policy holders enjoy an additional layer of protection on top of their standard motor insurance as coverage is extended to protect the tyres and rims of their Mercedes-Benz vehicle. These include replacements of up to all four tyres and four rims per policy year.
The Tyre and Rim insurance fills the gap in the market for an insurance product that covers accidental damage to tyres and rims which are not covered by a standard motor insurance. These damages could be caused by parking mishaps, for example, that result in damaged rims or a punctured tyre. In the event such damage occurs, policy holders simply need to drive into any authorized Mercedes-Benz dealership to begin
the claims and repair process.
Both insurance options are available with any Mercedes-Benz vehicle model, be it individual or fleet purchases. Customers can also customize their financing package to include one or both, RTI and Tyre and Rim insurance products.
Existing MBSM customers whose vehicles are still within the manufacturer’s warranty are eligible to purchase the Tyre and Rim insurance directly from their authorized dealer network. Additionally, existing customers whose Mercedes-Benz vehicles are registered within one year are also eligible to purchase the RTI insurance.
For more information, please contact Mercedes-Benz dealerships or call the finance and insurance customer service center at 1-800-22-6237.
Mercedes-Benz Insurance Services is a brand of Mercedes-Benz Services Malaysia. Mercedes-Benz Services Malaysia is, however, not an insurance company. The company provides services to customers as an insurance agent for the insurance services offered on behalf of Allianz General Insurance Company (Malaysia) and AXA Affin General Insurance.