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).

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

Mercedes-Benz Financial Services offers auto loans with APRs starting at 2.99%. 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 inaccuate 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.

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.

  • Institution Type
    Other Institution
  • Credit Score Range
    650 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Proof of Income
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • Loan Amount
    $10000 - $250000
  • Loan Term (Months)
    Up to 72
  • APR
    Starting at 2.99%
"Actual rates are based on the creditworthiness of the customer. Not all customers will qualify for the lowest rate."
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