Mercedes-Benz Financial Services Review

Mercedes-Benz Financial Services is offered by Mercedes-Benz Financial Services USA LLC, a financial services company founded in 2000 and based in Fort Worth, TX. Mercedes-Benz Financial Services is available in 50 states (and Washington, DC).

How much can you borrow via Mercedes-Benz Financial Services?

Mercedes-Benz Financial Services auto loan amounts start at $10,000 and go up to $250,000.

What APR does Mercedes-Benz Financial Services offer on its auto loans?

Mercedes-Benz Financial Services offers an auto loan product that ranges from 2.99% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Mercedes-Benz Financial Services?

Mercedes-Benz Financial Services has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Mercedes-Benz Financial Services charge an origination fee?

Yes, Mercedes-Benz Financial Services may charge a loan origination fee.

Does Mercedes-Benz Financial Services charge a late fee?

Yes, Mercedes-Benz Financial Services charges borrowers with a late payment penatly fee

Does Mercedes-Benz Financial Services charge prepayment fees?

Yes, Mercedes-Benz Financial Services does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Mercedes-Benz Financial Services loan?

Yes, you can. However, Mercedes-Benz Financial Services USA LLC charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Mercedes-Benz Financial Services?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Mercedes-Benz Financial Services. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Mercedes-Benz Financial Services does not have or does not disclose a minimum annual income eligibility requirement. Mercedes-Benz Financial Services only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Mercedes-Benz Financial Services. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Recent pay stubs
• Proof of income
• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via Mercedes-Benz Financial Services?

Mercedes-Benz Financial Services will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.