Here at Mercedes-Benz of Jacksonville, we know that buying a new luxury car is a big decision. And once you’ve found a vehicle that you love, you need to make sure that it will fit into your budget. Paying for a new car outright can be expensive, which is why most of our customers choose to finance. You might be wondering, what does this process entail? What affects how much you pay over the term of the loan? Fortunately, we’re here to help you with all of your Mercedes-Benz financing queries.
First, there are some important terms. A down payment is how much you’re paying upfront for your new Mercedes-Benz vehicle. If you’re trading in your old car, the value of that vehicle can be added to your down payment. Another important term is the APR, or annual percentage rate. This is the interest that you’ll be paying on your auto loan. Your credit score helps determine what kind of rate you can receive. The better your credit score, the lower the rate you’ll receive.
Our financing department does a few things to make this entire process easier. Before you even visit our dealership, you can use our online application to be pre-approved for a car loan. We also work with a wide range of lenders, which means that we do our best to secure a loan for you even if your credit history isn’t spotless. We also offer other useful tools on our website, like a car payment estimator that can help you determine if a loan payment fits into your monthly budget. Plus, we offer Mercedes-Benz specials that make financing or leasing that dream luxury vehicle even easier.
If you have any more questions, contact us or visit our Mercedes-Benz dealership in Florida today. We can’t wait to help you find an amazing vehicle that fits into your budget.