Can I Finance a Pre-Owned Mercedes-Benz Vehicle?

There are many benefits to purchasing a pre-owned Mercedes-Benz vehicle, including the savings and the lower rate of depreciation. At Keyes European, we’re sharing everything you need to know about the pre-owned vehicle purchasing process, including how to finance your next car. Submit your application with support from our expert team.

Check Your Credit Score

One of the most important factors to consider during the vehicle financing process is your credit score—which matters regardless of whether you are purchasing a new or pre-owned vehicle. Your credit score tells lenders how reliable you are to lend to, which is why drivers with higher credit scores are given more favorable options. Before applying for financing, you’ll want to check your credit score, and clear up any discrepancies if possible.

Do Your Research

When you purchase a pre-owned vehicle, you have the benefit of extensive market research. Not only is this helpful for determining the best model for your lifestyle and driving needs, but it can also help with setting a budget. Compare value options before you begin financing, so you can discuss the cost of your next pre-owned vehicle with confidence.

Use the 20/4/10 Rule

If you’re not sure where to start when it comes to pre-owned vehicle financing, turn to the 20/4/10 rule. This guideline recommends putting down 20 percent of the vehicle’s value on the day of purchase, paying the vehicle off within a four-year term, and spending less than 10 percent of your monthly income on transportation costs. These numbers ensure a manageable budget over the term of your loan.

Explore Pre-Owned Mercedes-Benz Financing Options in Van Nuys, CA

No matter what pre-owned Mercedez-Benz model calls your name, you’ll find the financing support you deserve at Keyes European. We work one-on-one with drivers to finance with confidence and ease. Get started with our online financing application today!