If you’re one of many drivers looking to buy a new Mercedes-Benz car in Florida, then you’ve probably had experience with car loans. Luckily, you don’t need to worry with this guide on how to apply for a car loan from the professionals at our Mercedes-Benz finance center in Jacksonville, FL.
Step 1: Credit Check
The first thing to do when buying a new car is to get your credit checked to see if a new car is even a possibility. Having a good credit score is important since it directly impacts the rate of your car loan: the higher your credit score, the lower your rate. If your credit could be improved consider having a cosigner.
Step 2: Monthly Payment Plan
Now that you have an idea of your credit, it’s time to think about how much money you can afford to spend on a new car each month. We recommend you keep the payment relatively low that way you can cover any extra costs from maintenance and repairs. Remember to factor in the cost of insurance when determining your monthly payment.
Step 3: Get Pre-Approved
Next, it’s time to get pre-approved for your car loan. Most drivers will go to their local bank or credit union, but be sure to check online to find the best offer for you. Essentially, this is what qualifies you for a loan and lets you know how much you can actually spend on your new Mercedes-Benz car.
Step 4: Buying a New Vehicle
After all of these steps, it’s finally time to select your new vehicle. Test drive some of the latest releases from the Mercedes-Benz brand like the 2019 Mercedes-Benz C-Class or the 2019 Mercedes-Benz E-Class. You can find whatever vehicle you’re looking for at Mercedes-Benz of Jacksonville.