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Buying a new car is a big step that should not be taken lightly. It can be daunting, but our Mercedes-Benz finance professionals make it easy. Our experienced staff can answer all your questions and assist you with such a big decision. Learn more about Mercedes-Benz financing options at Mercedes-Benz of Lynnwood and get the answers to your most frequently asked questions.
Should I Buy or Lease a Mercedes-Benz?
When financing a new Mercedes-Benz, one of the first decisions you will have to make is whether to buy or lease the vehicle. Although you are getting a high-quality luxury car either way you go, some substantial differences may sway your ultimate choice. For instance, buying means the car is yours and you can sell it if you choose. Plus, there is no mileage restriction when buying a car outright.
Leasing is beneficial if you want a new car every few years and a lease payment is generally lower. But there are mileage restrictions that can be costly if you exceed the limits, so weigh your options carefully.
How Much Will I Need for a Down Payment?
Another common question is how much money is required for the down payment. This amount depends on many factors including your credit score, the final sales price of the vehicle, and lender requirements. It is usually suggested that a down payment be at least ten percent of the total price. However, some lenders may require more, and if you lease, your down payment might be lower or unnecessary.
What Additional Costs Will I Incur?
Additional costs that are assessed will include registration fees, sales tax, and any applicable fees that may apply. Take this into consideration when thinking of your payments and budget.
How Do I Apply for Mercedes-Benz Financing?
To apply for Mercedes-Benz financing, simply complete our online application. Our financial experts will start working on your financing as soon as they receive the application. They work hard to get you the best deal possible by exploring all requirements with a variety of lenders. Once they determine the best terms and interest for you, they will set up an appointment to go over the loan offer.
Learn More About Mercedes-Benz Financing in Lynnwood, WA
To learn more, visit or call our Lynnwood, WA Mercedes-Benz dealership. You can pre-qualify online using our Mercedes-Benz financing application. Experience what Mercedes-Benz ownership feels like today!
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