Finance Center | Westminster, CO
Financing With Mercedes-Benz of Westminster
We Offer Simple Fast Financing for Everyone
At Mercedes-Benz of Westminster, our goal is to make every step of your car buying experience as quick and transparent as possible.
Apply For Financing- Budget Friendly Solutions
- We offer our customers a wide range of carefully chosen financing options, from among the most competitive and affordable lenders available.
- Speedy Application Process
- Our Finance Deptartment will work with you to complete your personalized credit application as quickly as possible.
- Honesty and Integrity
- Integrity is one of the most important aspects of our business. Our lenders have a great reputation of keeping personal information private.
Hassle-Free Financing
The Finance Center at Mercedes-Benz of Westminster provides a variety of options for financing new and certified pre-owned vehicles. Our finance specialists learn about your budget and financing needs, and then we provide a tailored experience to work you through the financing process. We work with customers regardless of credit history and help you secure the best financial offers.
Our credit application is a fast and secure four-step process, and it?s based on a variety of factors. Ultimately, the rates we can offer are determined by:
- Type of Mercedes-Benz: Whether you?re purchasing a new or certified pre-owned Mercedes-Benz vehicle, rates are determined by the year, model and the cost of your vehicle.
- Personal Financial History: Rates are based, in part, on your credit history, income, and employment status.
- Down Payment: In addition, rates and approval are determined by the amount of your down payment. A larger down payment may result in lowered rates and/or improved terms.
During the application process, our finance specialists will work with you to collect this information, or you can enter it into our protected online application. We?re committed to protecting your privacy during this process.
Mercedes-Benz of Westminster also has a wide inventory of pre-owned Mercedes-Benz vehicles, as well as a variety of luxury pre-owned cars from non-Mercedes-Benz manufacturers. Often, we offer these vehicles with best-rate pre-owned car loans with flexible terms. Contact us today to learn more about your options for financing a pre-owned car.
Factors Affecting Your Monthly Payment
At Mercedes-Benz of Westminster your monthly payment calculation is based on these three very important factors:
- The amount of your loan
- How many months you finance your car for.
- Your annual percentage rate (APR)
How Your Payments Are Affected
| Total Amount Financed | Number of Months Financed | Annual Percentage Rate | Monthly Payment | Details |
|---|---|---|---|---|
| $17,500 | 60 months | 10.00 | $372 | Standard financing |
| $15,500 | 60 months | 10.00 | $335 | Reducing 10% of the financed amount equates to 10% less in payments |
| $17,500 | 66 months | 10.00 | $346 | Increasing length of loan by 10% equates to a 7% reduction in monthly payment |
| $17,500 | 60 months | 9.00 | $363 | A 10% reduction in interest equates to a 3% payment reduction |
What Your Credit Score Means
As we all know, credit reporting agencies are responsible for creating your credit score. Though each of them has their own criteria, they are for the most part very similar. Your credit scores are created based on a number of statistical models which help lenders predict the amount of risk associated with major purchases such as houses and cars.
- By the Numbers
- Credit scores typically run between 350 and 850
- Risk Assessment
- As a rule the closer the score is to 850, the lower the risk is thought to be.
Several different factors contained in your credit history are used by the credit reporting agencies to help determine your score. Some of the more commonly used factors are:
- Payments
- If they?re made in a timely fashion and if you have a number of late payments.
- Debt Load
- How much debt you have and the type of debt.
- Credit Accounts
- How many open lines of credit do you have and how old are they.
- Credit Inquiries
- The number of recent hard credit inquiries shown in your credit history.
- Public Records
- Do you have any current judgments or liens in place.
Credit Challenged Financing
At Mercedes-Benz of Westminster, we know that you?re working hard to fix your credit - or maybe you have no credit yet and are looking to finance a car as your first step to building good credit. In most cases, we?re able to help you get the credit you need to finance a new or pre-owned vehicle you can be proud of. We?re willing to do the extra work to ensure you have a fair chance to rebuild or build your credit. It?s just one more promise we?re happy to make our customers.
Leasing Options
Leasing a new or certified pre-owned Mercedes-Benz provides many benefits, but the leasing process can be perplexing. The finance team at Mercedes-Benz of Westminster is here to walk you through the leasing process, explain the financial benefits, and help you tailor the terms of your lease to your needs.
For some buyers, leasing makes more sense than buying. Benefits include lowered monthly payments and initial costs, as well as the opportunity to trade-in the vehicle at the completion of your lease. Mercedes-Benz offers leasing of varying lengths, starting at 24 months. Following your lease, you have a variety of options, including:
- Purchasing your Mercedes-Benz
- Renew or sign up for a new lease
- Return your Mercedes-Benz
We offer some of the best new Mercedes-Benz lease options, available with flexible terms that are tailored to your needs.
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What to bring with you
- A valid driver 's license
- Proof of Insurance
- Proof of Current Income
- Proof of Current Residence
- Proof of Current Phone Number
- In some cases, you may be asked for additional information. We?ll walk you through every step of the way and respect your privacy and concerns.
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Payment Estimator
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Leading Credit Reporting Agencies
- Experian:
www.experian.com
1.888.397.3742 - Equifax:
www.equifax.com
1.800.685.1111 - TransUnion:
www.transunion.com
1.877.322.8228
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Your Monthly Budget
- Many lenders suggest that you spend less than 15% of your gross monthly income (GMI) on your car payment monthly. Some examples include:
- $2000 GMI = $300 or less per month
- $4000 GMI = $600 or less per month
- Monthly payments normally range from $20 - $25 per $1,000 financed.