Get rates as low as 2.99% APR for up to 36 months on select models. On Approved Credit. Special 2.99 percent APR financing for 36 months applies to Mercedes-Benz Model Years 2020, 2021 and 2022 Certified Pre-Owned (“CPO”) C-Class, E-Class, and GLC vehicles and Mercedes-Benz Model Year 2022 S-Class Sedan, EQB and EQS.
Here are the Mercedes-Benz credit score tiers: 781 – 850: Superprime. 661 – 780: Prime. 601 – 660: Nonprime.
You can customize your financing arrangement according to your preferences with financing terms lasting from 24 to 72 months (available in most states).
0.00% APR financing for 24 months at $41.67 per month, per $1,000 financed. 0.00% APR financing for 36 months at $27.78 per month, per $1,000 financed. 2.99% APR financing for 48 months at $22.13 per month, per $1,000 financed. 2.99% APR financing for 60 months at $17.96 per month, per $1,000 financed.
While Mercedes-Benz Financial Services doesn't specify on its website what credit scores are needed to qualify for financing, the company does note that not everyone will qualify for its special financing offers. You typically need excellent credit to qualify for its lowest starting APRs.
December is the cheapest month to buy a car because that's when car dealerships are clearing their inventory to make room for next year. It's also when car salespeople are competing to meet their yearly, quarterly and monthly quotas.
What Is the Best Month to Buy a Car? In addition to certain times of the week or holidays, some months are better to buy or lease new vehicles or purchase used cars than other months. In general, May, October, November and December are the best months to visit the car dealership.
An interest rate under 5% is a great rate for a 72-month auto loan. However, the best loan offers are only available to borrowers who have the best credit scores and payment histories.
What credit does Mercedes-Benz use? Generally, Mercedes-Benz Financial Services determines loan eligibility by checking FICO® Auto Score 9, from Experian.
Get a Mercedes on finance even with bad credit.
Instead of focusing on your previous credit history and the mistakes you've made in the past, we instead focus on your current affordability for car finance and by working with our lending panel, we can get you the approval you need.
Tier 7: A very poor score of 580 to 609 means you “have significant credit issues or have only very recently established credit.” Tier 8: An extremely poor score of 579 or below means you “have an extremely poor credit history or I have no credit history at all.”
Our standard 72-month car payment calculator can be adjusted for a 12-month term up to an 84-month term. Enter the down payment amount if you made one. Enter the estimated trade-in value of your car in the “trade-in value” section. Our finance department can help you estimate the trade-in value of your car.
A good interest rate for a car loan is typically below 5.18% for new cars and 6.79% for used vehicles. However, the best rate is unique to the borrower so it's best to look at the average interest rates for your credit score category to know if you're getting a good deal.
Improvements in the supply chain ought to bolster inventory, while interest rate cuts are on the horizon. "It's going to be a much better time for a consumer to buy a car in 2024 versus this year," said Paul Waatti, an industry analyst at market research firm AutoPacific.
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in October, Kelley Blue Book reported. Overall, new car prices are down 1.4% since October 2022 and 3.5% since their peak in December 2022.
The main difference will be how much you can negotiate off the retail price: New cars. It is considered reasonable to start by asking for 5% off the invoice price of a new car and negotiate from there. Depending on how the negotiation goes, you should end up paying between the invoice price and the sticker price.
Best day to buy a car
But if you show up on a Monday or Tuesday, there will be less foot traffic. You can ask plenty of questions and the transaction should take far less time. In some parts of the country, however, dealerships are closed on Sundays. And as a result, Monday is a pretty busy day of the week.
The price of the average new car fell by 2.4% in 2023 — the most significant one-year drop on record. The average new car buyer paid $48,759 in December. That's 1.3% more than in November but still far less than at the start of last year. Incentives made up 5.5% of the average sale last month.
Can I still negotiate on the price of the vehicle? Yes, but this should be done before the order is placed. Once you've ordered the vehicle, it will be much more difficult to get the Mercedes-Benz dealership to be flexible on price.
Opting for a Mercedes-Benz is a smart move. It's not just about getting your dream car, but also a good investment. These vehicles are famous for maintaining strong resale prices. Their excellent construction and reliability consistently rank them among the sought-after used luxury cars.
Mercedes-Benz C-Class: Lease or Buy? The C-Class becomes more cost effective to buy than to lease after about five years for clients who don't mind driving an older car. For those who would prefer to drive a consistently newer vehicle or prefer lower monthly payments, leasing remains a cost-effective choice.