There are several Mercedes-Benz loan plans

There are two loan plans for new Mercedes-Benz, namely the low down payment limited time plan and the low down payment limited time loan plan.

Enjoy it first and then choose the low down payment limited time plan

This plan can choose to pay in installments for 24 months or 36 months. The down payment amount ranges from 20 to 60, and payment is required. End of term car value guarantee.

If you can easily replace your current car with a new car, the part of the car's price that exceeds the insured value of the car at the end of the term can also be used to repay the new car;

If you choose To purchase, you only need to pay off the value of the car at the end of the period or carry out loan extension, merger and restructuring;

If you choose to return, you can return the car if it meets the promised mileage and damage conditions, and there is no need to pay at the end of the period. The insured value of the car.

Low down payment limited time loan plan

The terms that can be selected for this plan are 12, 24, 36, and 48 months, and the down payment amount ranges from 20 to 90.

Select installment payment for 12 months or 24 months, the monthly annual interest rate is 6.99; choose installment payment for 36 months, the monthly annual interest rate is 7.49; choose installment payment for 48 months, the monthly annual interest rate is 7.99 .

The new Mercedes-Benz has 0 down payment and 48 installments standard

Auto finance allows consumers to apply directly to the auto finance company for a preferential payment method when they need a loan to purchase a car. Choose different models and different payment methods according to individual needs.

Compared with banks, auto finance is a new choice for car purchases.

Currently, there are five types of personal auto consumption loans: banks, auto finance companies, OEM finance companies, credit card installment purchases, and auto finance leasing.

1. Bank car loan

Procedure: You need to provide household registration book, real estate certificate and other information. Usually you need to use the house as a mortgage, find a guarantee company to guarantee, and pay a deposit and handling fee .

Down payment: Generally, the down payment is 30% of the car price. The loan term is generally 3 years. A deposit of about 10% of the car price and related handling fees are required.

Interest rate: The bank’s car loan interest rate is determined based on the bank’s interest rate.

2. Auto Finance Company

Procedure: Car loan buyers do not need to provide any guarantee, as long as they have a fixed occupation and residence, stable income and repayment ability, and good personal credit .

Down payment: The down payment ratio is low and the loan time is long. The minimum down payment is 20% of the car price, the maximum term is 5 years, and there is no mortgage fee.

Interest rates: The interest rates of car finance companies are usually higher than those of banks.

Companies: SAIC General Motors Finance, Volkswagen Finance, Dongfeng Motor Finance, Mercedes-Benz Finance, Ford Finance, Toyota Finance.

3. Automobile manufacturer finance company

Procedure: A mortgage guarantee for the purchased vehicle is required. Applicants should have stable employment, residence and repayment source, good credit record, etc.

Down payment: The minimum down payment is 20% of the car price, and the maximum term is 5 years.

Interest rate: The interest rate is usually slightly higher than that of banks and slightly lower than that of automobile finance companies.

Companies: SAIC Finance Company, FAW Finance Company, GAC Huili, etc.

4. Credit card installment for car purchase

Credit card installment for car purchase is a credit card installment business launched by banking institutions. The credit limit that cardholders can apply for is 20,000-200,000; there are three types of installments: 12 months, 24 months, and 36 months; there is no loan interest rate for credit installment car purchases, and the bank only charges handling fees, and there are handling fees for different installments. Rates vary.

5. Car financing leasing

Financial leasing is a method that relies on cash installment payment. On this basis, the feature of separation of ownership and use rights in leasing services is introduced. When the lease ends, A modern marketing method that later transfers ownership to the lessee.

How many years does a car loan usually last?

How long does a car loan last? Which car loan is better? Car consumer loans are a new loan method that banks issue RMB-guaranteed loans to car buyers who purchase cars at authorized dealers.

How long is the car loan?

There are many types of car loan terms, generally 1 year, 2 years, 30 months, 3 years, 4 years, and 5 years. However, if you want to get a car loan for more than three years, you must consider two points:

1. It depends on whether the vehicle purchased belongs to a relatively high-value brand. If BYD, MG, Roewe, Skoda, etc. All loans are for up to three years, while other domestic brands will only have three years. Those that are more than 3 years old are generally from better joint venture brands, such as Volkswagen, General Motors, BMW, etc.

2. This is determined by the individual qualifications of the applicant, which depends on the individual. If there are Fortune 500 companies, civil servants, doctors, etc. They are all relatively easy, and private small businesses and self-employed individuals are basically more difficult, but in the final analysis it still depends on personal qualifications.

Which car loan is better?

There are four ways to buy a car with a loan. Here are some ways to get a loan to buy a car. It is recommended that you choose according to your actual situation.

1. Use a credit card to pay for a car in installments.

Currently, banks have launched a loan credit card specifically for buying cars, with the limit generally ranging from 20,000 to 200,000. Buying a car with a loan this way basically doesn’t require any guarantee, and the procedures are relatively simple. The main advantage of credit card installment loan for car purchase is that the approval is very fast. Some banks can complete the approval of credit card loan for car purchase in as fast as 40 minutes.

Because every bank that uses credit cards to purchase cars in installments has corresponding cooperative brands and models that can enjoy business, not all models can be purchased in installments, which is also a limitation of this method. But compared with other loan methods, the so-called "0 interest rate" for credit card installment purchases will also be spent on handling fees. Usually the annual fee for 12 installments is around RMB 5, and for 24 installments, the annual fee is around RMB 9.5.

2. Automobile manufacturer financial loans

Ford has Ford Financial, General Motors has GE Financial, and Mercedes-Benz will definitely lend you the money itself. This way, you don't need any home mortgage to get approved, nor do you need to prove how much money you have in your home. Basically, you sign a contract and decide to buy a car. People check that you don't have any crimes or debts, which means you can basically borrow money to buy a car with good credit. To put it bluntly, if a 4S store wants to sell a car, it will naturally not stop you.

Although this loan method is also very convenient, the interest cannot be underestimated without promotion, such as an annual interest rate of 8, an annual interest rate of 12, and an annual interest rate of 11. But if there is an activity period, if the BMW 5 Series is on sale today and the Great Wall Haval H6 is on sale tomorrow, the interest will be zero, that is, there will be no interest at all.

Having said that, even if the car manufacturer sells the car without charging interest or down payment, the 4S store cannot do it in vain. There are also handling fees, so even during the event, we must ask the 4S store about the fees. Don’t let their hidden spending fool you.

3. Bank loan

Bank loan is the most troublesome because you don’t need much at all. What kind of loan contract, mortgage contract, guarantee contract, mortgage house and real estate will really make your head triple in size in an instant. However, bank loan interest rates are relatively low and there are many car models to choose from. It’s just that the review is strict and the procedures are cumbersome, and most friends can’t afford to get hurt.

4. Financing lease loan

This is the simplest method. Before the car loan is paid off, the car is not yours and you only have the right to use it. Vehicle registration certificate, driving license, insurance, etc. All materials belong to the financing company. The vehicle can be repossessed at any time if the loan is not repaid. Of course, the interest rates are higher than before. If this method is not recommended by the editor as a last resort, otherwise, if you encounter an informal agency, you will really lose your wife and your soldiers.

To sum up, financial loans from automobile manufacturers are most suitable when there are activities. Not only do they have zero interest, but the handling fees are also affordable. Especially for our domestic models, the discounts are very strong.

Can I get a one-year loan for the Mercedes-Benz 2022 260 Sports Edition?

Yes. The maximum installment of Mercedes-Benz Financial is 48 installments, which is four years. Mercedes-Benz low down payment conditions for 36 installments: The number of installments you can choose are 12, 24, 36, and 48 months, and the down payment amount ranges from 20 to 90.

1. Choose 12-month or 24-month installment, and the monthly interest rate is 6.99.

2. Choose 36-month installment, and the monthly interest rate is 7.49.

3. Choose a 48-month installment with a monthly interest rate of 7.99.

What are the mortgage methods for Mercedes-Benz?

Pacific Automotive Network has two mortgage methods for Mercedes-Benz: equal principal and interest repayment and equal principal repayment. A mortgage loan refers to a loan issued by a bank to a borrower who applies to purchase a car under his or her name to pay for the vehicle purchased. The repayment method is a loan of principal and interest in installments. Car mortgage loans generally have a term of no more than 5 years.

Equal installments of principal and interest repayment

In the calculation, the interest generated by the monthly loan balance is first calculated, and the equal repayment amount is deducted from the interest payable to form the repayment principal of the current month. Golden number. In the early stage of repayment, due to the large loan balance, interest accounts for a large proportion of the monthly repayment, and the principal repayment speed is relatively slow. As time goes by, the loan balance gradually decreases, and the proportion of interest gradually decreases. The proportion of principal gradually increases. This repayment method is more suitable for those who have a fixed year-end bonus or a fixed annual income.

Equal principal repayment

Equal principal repayment for car loans refers to the equal principal repayment method chosen by the borrower after taking out a car loan. It is to repay the loan within the repayment period. The total amount is divided into equal parts, and the same amount of principal and the interest generated by the remaining loan in that month are repaid every month. In this way, since the monthly repayment of the principal amount is fixed and the interest is getting less and less, the lender initially has greater repayment pressure. , but the monthly repayments become smaller and smaller over time. Calculation formula for equal-amount principal loans: monthly repayment amount = (loan principal/number of repayment months) (principal - cumulative amount of repaid principal) × monthly interest rate. (Photo/Text/Photo: Pacific Automotive Network Luo Ting 1)

Is it easier to get approved for a Mercedes-Benz Financial Loan in 3 or 5 years?

It is not easy to get approved for a Mercedes-Benz Financial Loan in 3 or 5 years. According to the query of relevant information, Mercedes-Benz Financial Loans are not so easy to approve. Only when the conditions for Mercedes-Benz Financial Loans are met, can a loan application be submitted to Mercedes-Benz Financial Company. It does not mean that if the conditions are met, the application will be approved by the financial company. During the loan review, Mercedes-Benz Financial Company will comprehensively consider the applicant's personal income, personal credit, and debt ratio. If there are certain risks, the loan application will not be successful.

When is the best time to repay the 36 installments of Mercedes-Benz Finance

It is most cost-effective to repay before one-third of the total repayment period.

The car loan you applied for is for three years. If you want to prepay, it is more cost-effective to prepay after one year because you pay less interest and you have a certain repayment ability. A car loan refers to a loan issued by a lender to a borrower who applies to purchase a car. Auto consumption loans are a new type of loan that banks issue RMB-guaranteed loans to car buyers who purchase cars at authorized dealers. The interest rate of automobile consumer loans

refers to the ratio of the loan amount to the principal amount issued by the bank to the consumer, that is, the borrower, for the purchase of a self-use car (non-profit family car or commercial vehicle). More than 7 seats (included). The higher the interest rate, the larger the consumer's repayments. Therefore, whether it is cost-effective to pay off a car loan early

not only depends on the penalty

but also depends on the loan repayment time. Car loans are repaid in equal installments of principal and interest. The monthly payment is fixed, so the loan has been repaid for a long time, and early repayment will definitely not be counted.

The actual interest rate of the car loan

is determined by the handling bank based on the actual situation of the customer and with reference to the loan benchmark interest rate

prescribed by the Central Bank

. Car loans are limited to a maximum of five years. The loan interest rate within one year (including one year) is 4.35, and the loan interest rate from one to five years (including five years) is 4.75.

Customers with generally better conditions can enjoy the base interest rate or an increase of about 10%, while ordinary customers need an increase of about 10% from the base interest rate. The Bank of China's interest rate policy is in the middle, with the 2-year and 3-year car loan interest rates for high-quality customers being 7.5 and 10.5 respectively. Note: The benchmark interest rates for automobile consumer loans are mostly floating interest rates

, and different banks and borrowers have different loan interest rates. The bank's car loan business is generally a direct loan to customers, that is, after a consumer likes a certain model, he or she directly applies for a car loan from the bank without going through the dealer. Before buying a car, it is best to check with your local bank about the interest rate. If you choose a car loan product from a private financial institution, the prepayment penalty will be much higher than that of a bank. Users with less than one year usually need to pay about 8% of the repayment amount, and users with more than one year need to pay about 5% of the repayment amount.

That’s it for the introduction of how many years a Mercedes-Benz car loan can last.