Mercedes-Benz of Nashville
630 Bakers Bridge AvenueFranklin,TN37067Sales: 800-784-0289
- Service: 800-786-9517
- Parts: 800-789-0302
Financing
Mercedes-Benz of Nashville
Finance Department
November Specials!!
Receive $100 off any Finance Product including:
Resistall
Ding Shield
Clear Shield
Receive $200 off a Service Contract.
Contact Allison Earley at 615-742-8000 or allison.earley@mercedesbenzofnashville.com to set up your appointment to take advantage of these specials.
Offer expires 11/30/2008
Financing Navigation
Contact Information
- Mercedes-Benz of Nashville
-
630 Bakers Bridge Avenue
Franklin, TN 37067 -
- workSales:
- 800-784-0289
- serviceService:
- 800-786-9517
- partsParts:
- 800-789-0302
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Tip!
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.