Daimler Truck Financial Services launches in UK

Daimler Trucks has launched a new financial solutions business in the UK to support customers of Mercedes-Benz and FUSO trucks, and Mercedes-Benz buses.

Daimler Trucks Financial Services aims to play a key role in driving the take-up of alternatively-fuelled vehicles.

The company says its extensive range of purchase and leasing products, as well as the insurance packages it will be introducing next year in the UK, can all be “perfectly tailored to meet the needs of commercial and passenger-carrying vehicle operators”.

Daimler Truck Financial Services is a fully integrated part of Daimler Truck AG. Prior to the UK launch, Daimler Truck Financial Services was already doing business in 11 markets on six continents. Further expansion is planned this year in Turkey and Spain, and thereafter in Germany and France. With a global contract volume of 18bn Euro, it is the road transport industry’s largest captive financial services company.

The UK launch follows the spin-off of Daimler Truck from its former parent company Daimler AG in December 2021.

Operators of trucks, buses and coaches bearing the three-pointed star, and light trucks with the FUSO three diamonds badge, were previously served in the UK by Mercedes-Benz Financial Services, which continues to fund passenger cars and vans. Their agreements have now been transferred seamlessly to Daimler Truck Financial Services on exactly the same terms as before.

The UK team is led by managing director Nick Andrews and shares its headquarters in Milton Keynes with Mercedes-Benz Trucks UK.

Andrews said: “This is a tremendously exciting time to be launching our new business, not least because of the alternative fuels revolution now underway. UK operators can already choose battery-electric rigid trucks such as the FUSO eCanter and Mercedes-Benz eActros.

“Other vehicles that produce zero tailpipe emissions such as the low-entry eEconic and the eCitaro citybus are just around the corner, while 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.”