Tax time is officially here. It’s a great time to apply for Mercedes-Benz financing because you have one valuable tool – your tax refund. We’re sharing a few tips to help you prepare for financing a new Mercedes-Benz vehicle at Mercedes-Benz of Wilkes-Barre.
Do Your Research
It’s easy to fall in love with a new Mercedes-Benz vehicle at first sight. That’s particularly true when you’ve got some extra cash to spend. However, you don’t want to just want to buy the one that looks the best to you, you should research our models ahead of time to make sure you are getting one that meets all of your needs.
Plan for a Down Payment
This is where your tax refund comes in. Your refund could be a substantial down payment for a new vehicle, which reduces your monthly auto payment. This is a valuable tool, because by financing less, you’ll owe less interest, which can seriously reduce how much you pay overall.
Utilize an Auto Payment Calculator
You can use an auto payment calculator to get an estimate of your payment. There are a number of factors that play into your payment, such as your down payment and interest rate. You can adjust these factors to see how much a larger down payment can affect your monthly payment or loan term.
Get Pre-Approved
If you want to take the guesswork out of applying, we recommend getting pre-approved. That way, you can rest assured that you’ll be approved. You’ll also get an estimate of your rates and payment amount.
Apply for Mercedes-Benz Financing in Wilkes-Barre, PA
Tax-time is a great time to apply for Mercedes-Benz financing. We strive to make it a quick and convenient application process. Stop by Mercedes-Benz of Wilkes-Barre to get started today!
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