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M-B's iPhone app: So fun to be dunned

Automotive News reports on a new iPhone app from Mercedes-Benz financial.

Automotive News

Automotive News

Japanese consumers can pay for vending-machine Cokes with their cell phones. Now Americans can make slightly larger payments with their Apple iPhones.

Mercedes-Benz Financial has introduced a software application that lets vehicle owners make their payments, check how much of their loan has been paid, and shop for insurance on their iPhones.

Mercedes-Benz iPhone app
Automotive News

The free application--"app," in iPhone lingo--also can locate a nearby dealer and contact a service department.

The lender says it is the first financial services company to launch such an app, which it is billing as, "The coolest way to make a payment."

(Source: Automotive News)