• shy Posted: 10/16/2009 11:47am PDT

    In a world where car companies are desperate to move their product its interesting that it just occurred to Benz how to capture a 1.5 billion person niche.

  • Duh Posted: 10/16/2009 11:55am PDT

    This might help them move cars in some of the poorer countries, but Most Saudis who can afford Mercs buy them cash. Also, no interest = price hike (sure you paid no interest, you just paid more for no better a car...)

  • Mantel Stars Posted: 10/16/2009 12:12pm PDT

    Well, just as long as none of those Mercedes-Benzes runs with any ethanol in the tank, since that might be a sin for those same observant Muslims:

  • richard avatar Richard Posted: 10/16/2009 12:15pm PDT

    @shy: And equally interesting that it HASN'T occurred to anyone else.

  • greedo Posted: 10/16/2009 12:16pm PDT

    I could see this in Pakistan, India, Indonesia...but does the UAE really need to finance anything? They pay cash for skyscrapers...

  • richard avatar Richard Posted: 10/16/2009 12:17pm PDT

    @Duh: True, however, there's something to be said for appearing culturally sensitive. Not that the Mercedes brand needs much buffing, but this certainly won't hurt the way that the company is perceived.

  • marquis Posted: 10/16/2009 12:52pm PDT

    So what does it really take to make a loan sharia-compliant...?

  • richard avatar Richard Posted: 10/16/2009 1:03pm PDT

    @Marquis: Not being an Islamic scholar, I can't say for sure, but I believe not charging interest is the key component. And the late-payment penalties are probably steeper -- MUCH STEEPER.

  • carguy Posted: 10/16/2009 4:38pm PDT

    perhaps next Mercedes will come up with kosher produced gas

  • Franko Posted: 10/18/2009 2:38am PDT

    No interest on loans? Forget Daimler - how do banks do anything over there?!