Mercedes-Benz Financial ServicesUnaffiliated
in Auto Loans
Strongly not recommended
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Where does Mercedes-Benz Financial Services do business?
Mercedes-Benz Financial Services is based in Fort Worth, TX. It was founded in 2000 and offers auto loans 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 has a variable APR starting at 2.99%.
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.
What do you need to qualify for a loan with Mercedes-Benz Financial Services?
Applicants with a credit score of at least 650 can apply for a loan via Mercedes-Benz Financial Services. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
- Driver's license
- Proof of citizenship or residence permit
- Recent pay stubs
- Proof of income
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.
MERCEDES-BENZ FINANCIAL SERVICES Disclosure: "Actual rates are based on the creditworthiness of the customer. Not all customers will qualify for the lowest rate."
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- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Active Duty Military
- Employed Full-Time
- Employed Part-Time
- U.S. Permanent Resident
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)