Does Mercedes Benz Offer 0% APR interest rates?
MBWorld Fanatic!
Joined: Mar 2012
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From: The Palmetto State
19 E63s, ‘24SQ8, wanting another gas guzzling V8
Seems you do not understand my question.
I am saying after financing the car at certain rate with loyalty applied. Then next month the dealership where you picked up the car, reduced the financing rate, are you eligible for the new rate?. Having in mind that contract is binding.
I am in Canada, and contacted Mercedes Benz Canada, whom asked me to check with the dealership, and the dealership asking me to check with Mercedes Canada!
I am saying after financing the car at certain rate with loyalty applied. Then next month the dealership where you picked up the car, reduced the financing rate, are you eligible for the new rate?. Having in mind that contract is binding.
I am in Canada, and contacted Mercedes Benz Canada, whom asked me to check with the dealership, and the dealership asking me to check with Mercedes Canada!
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Joined: Jan 2020
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From: Fredericksburg, VA
2020 Mercedes GLE350 4Matic; 2023 Tesla Model Y
I have never refinanced a car through a dealership, or attempted to do so. However, since Mercedes Benz does their own financing, you will need to call them or your dealer finance department and ask, I doubt they will as the zero percent APR for 36 months is a sales incentive and you've already purchased the car. If they will do it, I would expect you will have to pay additional "loan processing fees" that will be added to the loan amount. You'd have to run the numbers to make sure the interest savings over the life of the loan are greater than the processing fees added to the loan. Your best bet is to refinance through a bank or credit union, and shop around for the best terms (interest rate and months financed). Since the vehicle is a 2020, you should be able to still get bank/credit union new car interest rates. Also, depending on the bank/credit union, you may or may not have to pay a processing fee. Banks and credit unions do this all the time as they are competing for your business, where as Mercedes Benz finance already has your business and an interest paying contract. Normally, I would expect Mercedes Benz Finance to just say no. However, these times are not normal with COVID-19, so you might as well inquire...the worst you're going to be told is no.
Last edited by TexAg91; Jun 10, 2020 at 11:25 AM.
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MBWorld Fanatic!
Joined: Mar 2012
Posts: 2,364
Likes: 451
From: The Palmetto State
19 E63s, ‘24SQ8, wanting another gas guzzling V8
Nope. I’ve actually had people help me in here........and.......hold on.........sit down.......might actually help someone else. Without the name calling.
MBWorld Fanatic!
Joined: Mar 2012
Posts: 2,364
Likes: 451
From: The Palmetto State
19 E63s, ‘24SQ8, wanting another gas guzzling V8
“Big man” here, how is everyone’s bounce back going so far?
Last edited by BACnMercedes; Aug 28, 2020 at 09:07 AM.
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From: Washington DC
No more MB:(
Seems you do not understand my question.
I am saying after financing the car at certain rate with loyalty applied. Then next month the dealership where you picked up the car, reduced the financing rate, are you eligible for the new rate?. Having in mind that contract is binding.
I am in Canada, and contacted Mercedes Benz Canada, whom asked me to check with the dealership, and the dealership asking me to check with Mercedes Canada!
I am saying after financing the car at certain rate with loyalty applied. Then next month the dealership where you picked up the car, reduced the financing rate, are you eligible for the new rate?. Having in mind that contract is binding.
I am in Canada, and contacted Mercedes Benz Canada, whom asked me to check with the dealership, and the dealership asking me to check with Mercedes Canada!
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