German vehicle producer Mercedes-Benz is offering an innovative financing solution, called Agility, to help people upgrade their cars without worrying about complications or losing money.

Agility gives customers greater flexibility by offering three options at the end of their contract: purchase, trade or return. Mercedes said it was the first premium brand to offer leasing with a return option and the service was to meet demand for more sophisticated financing products.

The new service will also offer monthly payment options and Mercedes hopes it will expand its customer base.

"Agility was one more milestone for Mercedes-Benz's long-term roadmap in increasing the accessibility of its products to both private and commercial customers in China," said Alexandre Mallmann, president and CEO of Mercedes-Benz Auto Finance Ltd.

"As one more example of our business goal of providing the 'Best Customer Experience', the launch of the product will enable our consumers to realize their Mercedes-Benz dream sooner, while maintaining their financial freedom," he said.

Instead of making the ownership choice upfront and paying a large sum of money at one time, Agility will allow customers to drive a vehicle today and choose to own it in the future. The system will change the way customers think about financing their cars.

Within the two to three year leasing period, customers can enjoy their Mercedes-Benz cars with affordable monthly payments.

At the end of the contract, customers will be provided with three options: they can decide to purchase the vehicle, trade in the vehicle and upgrade to the latest model or simply return the vehicle to the dealership.

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