Buying a Mercedes vehicle is an investment in your driving comfort and experienced. These vehicles are carefully designed and crafted to include quality components for a car that will last for years of trouble-free driving enjoyment. Buying from a Mercedes dealership will provide you with the best selection of both new and pre-owned vehicles.
In addition to selling these amazing vehicles, the manufacturer also offers in-house Mercedes Benz finance services. This is not the same as a loan from a financial institution and, just like their vehicles, the programs are carefully designed to meet the needs of their customers.
In addition to financing for new vehicles, the company is able to provide leasing programs for the vehicles and even insurance. This provides owners with the option to choose how to best pay for their vehicle, lease the vehicle and have the necessary insurance all from their trusted dealership.
When customers qualify for Mercedes-Benz finance services, they will have several options to choose. This will include sitting down with the financial department to consider the best payment plan for your needs.
The plans, as with most vehicle financing packages, are set on a monthly payment. Plans can step-up, where the payments increase on a regular schedule over the terms of the financing agreement. Step-down plans do the opposite, becoming lower of the term. There is also a Bullet finance option that includes lower monthly payments and then a larger balloon payment at the end of the term that will transfer ownership of the vehicle into your name.
Monthly payments are often much easier for the buyer as they provide a consistent payment that is predictable and achievable. The terms of the Mercedes-Benz finance agreement can be as short as one year or as long as 84 months.
There are advantages to a shorter tenure for the financing agreement as it decreases the amount paid in interest over the financing term. It also allows you to have ownership of the vehicle earlier, giving you that wonderful feeling of owning your own Mercedes Benz.
By choosing to finance you may also find that you can afford more vehicle that you thought possible. Working with the sales professionals and the financial department will help you to determine the level of monthly payment you are comfortable with and the duration of the agreement to suit your unique financial situation.
If you are interested in a quote or in calculating your payments for a new or pre-owned vehicle from B.U. Bhandari Motors, talk to our Mercedes-Benz finance department today.