You’ll have questions when you select your favorite luxury model, and our Mercedes-Benz financing team has answers. We make the buying and leasing processes easy. Here are a few common questions often asked of the professionals at Mercedes-Bens of Orland Park.
What’s the Difference Between a Lease and a Loan?
When you purchase a car with a loan, you’ll outright own the vehicle when you’ve paid it off. If you choose to lease, you can turn the model in for a new one after the lease ends in a few years.
Is a Down Payment Always Required?
Loan packages almost always require a down payment, but leases generally do not. However, leases have other upfront costs like a security deposit, taxes, and acquisition and registration fees.
Do Financing Options Vary for New Versus Pre-Owned Models?
Although pre-owned models generally have lower sticker prices than brand-new ones, we offer both lease and loan options for every single vehicle on our lot. We’ll create a great Mercedes-Benz financing package for you regardless of whether you choose a new or pre-owned model.
How Does Credit Score Affect Car Financing?
In general, the higher your credit score, the lower your monthly payments will be since credit score affects things like your interest rate and security deposit. We’ll craft a Mercedes-Benz financing package for you regardless of your credit score, even if it’s lower than you’d like it to be.
What Other Vehicle Costs Should You Budget For?
In addition to your monthly lease or loan payment, you’ll need to budget for expenses like fuel costs, insurance coverage, annual registration, and routine maintenance.
Get a Great Mercedes-Benz Financing Package Near Chicago, IL
We’re the experts in financing outstanding luxury vehicles, and we’ve got helpful answers to all of your questions. So come by our Mercedes-Benz dealership near Chicago, IL. We’ll help you drive home the model of your dreams today!
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