First Class Financing®
First Class Financing® Overview
Imagine owning a luxurious Mercedes-Benz, with its sleek design and cutting-edge technology, through a straightforward financing plan tailored to your lifestyle. First Class Financing® lets you purchase your dream car by spreading the cost over time with monthly payments, ultimately leading to full ownership. It’s a flexible, prestigious way to drive a Mercedes-Benz while building equity in a vehicle you can call your own.
Key Features:
Own Your Mercedes-Benz
With each monthly payment, you’re building equity in your vehicle. At the end of the loan term, you own the car free and clear, giving you the freedom to keep driving, customize it, or sell it later. Ownership means no mileage limits, no lease-end inspections, and the pride of calling a Mercedes-Benz yours.
Flexible Loan Terms
Choose a loan term that fits your budget, typically ranging from 24 to 72 months. Shorter terms mean higher monthly payments but less interest over time, while longer terms lower monthly payments for easier budgeting.
MBFS lets you customize the loan to balance affordability and payoff speed, putting you in the driver’s seat.
Competitive Rates and Incentives
MBFS offers competitive interest rates, especially for customers with good credit (typically a FICO score of 700+). Rates vary based on credit, loan term, and market conditions, but MBFS often provides special offers for new or certified pre-owned (CPO) vehicles.
Attractive rates make owning a Mercedes-Benz more readily obtainable than you might think!
Simple Application Process
Apply for financing through Mercedes-Benz of Marion or online via www.mbusa.com. MBFS reviews your credit, income, and other financial details to approve the loan and set terms. Be ready to provide proof of income, identification, and insurance upon request.
The process is quick and seamless, with our experienced sales staff guiding you every step, so you can focus on choosing your perfect Mercedes-Benz.
Upfront and Ongoing Costs
Upfront: Depending on the nature of your purchase, you may need a down payment (often 10–20% of the vehicle’s price, though some promotions allow lower or zero down). You’ll also cover taxes, registration, and title fees, which vary by state.
Monthly Payments: These include the loan principal and interest, calculated based on the vehicle price, down payment, loan term, and interest rate. Unlike leasing, there are no mileage restrictions or lease-end fees.
Maintenance: You’re responsible for upkeep, but new Mercedes-Benz vehicles come with a warranty (typically 4 years/50,000 miles) covering most repairs, keeping costs low. If interested maintenance options available through Mercedes-Benz, observe our First Class Protection page here.
Predictable payments and warranty coverage let you enjoy your Mercedes-Benz without unexpected expenses.
End of Financing: Full Ownership
Once you make your final loan payment, MBFS releases the vehicle title to you, and the car is officially yours. You can keep driving, trade it in for a new model, or sell it privately. Owning a Mercedes-Benz outright is a rewarding milestone, giving you total control and no further payments.
How First Class Financing® Works
Financing a Mercedes-Benz with the assistance of Mercedes-Benz of Marion is a straightforward path to owning your desired vehicle, allowing you to spread the cost over time while building equity. This process involves securing a loan to purchase the car, with monthly payments that lead to full ownership at the end.
Here's how it works:
Step 1: Choose Your Mercedes-Benz
Begin by choosing the Mercedes-Benz model that suits your needs. Schedule an appointment to visit our store or browse our inventory online to explore options, features, and pricing. This step ensures you're financing a vehicle that aligns with your lifestyle and budget.
Step 2: Apply for Financing
Submit a credit application through our store, which can be done online or with the assistance of our sales staff at the store level. You'll provide basic personal and financial information, such as your income, employment details, and credit history.
The application is quick—often under 10 minutes—and can be for pre-approval to gauge your eligibility before finalizing the vehicle choice.
Step 3: Secure Approval and Review Terms
MBFS will review your application, typically within a short time frame, and notify you of approval. Factors like your credit score (ideally 700 or higher for the best rates) influence the interest rate and loan amount. Once approved, you'll receive details on available terms, which can range from 24 to 72 months in most states.
This is also when you can explore options like retail balloon financing, which offers lower monthly payments with a larger final payment at the end. More information on retail balloon financing here.
Step 4: Customize and Finalize the Agreement
Work with our sales staff to tailor the financing to your preferences, adjusting the loan term, down payment (often 10-20% to reduce monthly costs), and any incentives. Review the contract carefully, including the interest rate, total loan amount, and monthly payment. Sign the agreement once everything meets your approval.
Step 5: Take Delivery and Ownership
With the financing in place, complete any upfront payments (like the down payment, taxes, and registration fees, which vary by state). You'll then take possession of the vehicle and drive it home. From day one, you own the car, with no mileage limits or restrictions on modifications, giving you full flexibility.
Step 6: Make Regular Payments
Start your monthly payments as outlined in the contract, which cover the principal (the borrowed amount) and interest. Payments can be automated for convenience via the MBFS app, website (www.mbfs.com), or by calling their automated line at 1-800-654-6222. If you opt for early payoff, contact MBFS to get the exact balance and send payment via certified methods to avoid any issues.
Step 7: Maintain Your Mercedes-Benz
Throughout the loan term, keep your Mercedes-Benz in good condition by following the owner's manual maintenance schedule. Services should be performed at an authorized dealer to preserve warranty coverage (4 years/50,000 miles for new vehicles). This helps maintain the car's value and ensures a smooth ownership experience.
If interested in cost effective maintenance plans offered by Mercedes-Benz, refer to your First Class Protection options here.
Step 8: Reach Full Ownership
Continue payments until the loan is fully satisfied, at which point MBFS will release the vehicle title to you. Your financial obligations end here, with no further payments required. If using balloon financing, prepare for the final lump-sum payment; otherwise, enjoy unrestricted ownership—you can keep, sell, or trade the vehicle as you wish.
Ready to Begin the Road to Ownership? Explore Our New Mercedes-Benz Inventory
First Class Financing® FAQs
Insurance
What type of insurance is required?
Your Mercedes-Benz Financial Services First Class Financing agreement requires continual comprehensive and collision insurance on your vehicle.
Where should insurance information be sent?
Ask your insurance agent to send policies, renewals or carrier changes to:
Mercedes-Benz Financial Services
Insurance Services Department
P.O. Box 685
Roanoke, TX 76262-1800
How much insurance is required?
Please see your financing agreement.
What should I do if my car is stolen or involved in an accident?
After notifying the police (where necessary), please notify your insurance agent and our Insurance Support Services Department Monday - Friday between 9 a.m. and 6 p.m., Eastern at (866) 321-8351.
What if I change insurance companies?
If you're renewing, canceling or changing carriers, have your agent send a copy of your new policy or binder to Mercedes-Benz Financial Services at the address below. Please include a copy of your current policy as a reference. Please make sure the "loss payee" language is correct. Cancellation notices must be received by Mercedes-Benz Financial Services at least 30 days prior to the effective date. Send to:
Mercedes-Benz Financial Services
Insurance Services Department
P.O. Box 685
Roanoke, TX 76262-1800
How do I use my GAP product after a total loss?
If you financed a GAP Waiver product on your retail installment contract you are protected in the event insurance proceeds do not fully satisfy the remaining balance on your account. If applicable, the below documentation is required to initiate a claim with your GAP product provider.
Provided by MBFS and found on mbfs.com
- Retail Installment Contract
- Complete payment history
Obtain by contacting the dealer:
- Documentation of the refund amount for all cancellable warranty products financed
- Terms documentation for any non-cancellable or expired warranties
Obtain from your insurance provider:
- Vehicle valuation report
- Settlement breakdown, including taxes and fees
- Copy of the settlement check
If no insurance was in force or the insurance company denied the claim, you will need to provide: a copy of the insurance company denial or termination letter, a complete itemized repair estimate from a licensed repair facility (with ending mileage), and a police report on the theft, fire, or collision loss.
For additional questions, please contact your GAP product provider. Their information is found on the included GAP product agreement.
Vehicle Care
What is the recommended maintenance?
We recommend that you follow the maintenance schedule outlined in your Owner's Manual. An authorized Mercedes-Benz Retailer should do all service and repairs. For more information regarding maintenance observe here.
To find a MB Retailer near you, call 1.800.FOR MERCEDES (1.800.367.6372) or visit mbusa.com.
Payoff
When do my financial obligations with Mercedes-Benz Financial Services end?
Your financial obligation ends with your last payment, provided no other charges are outstanding. You may pay off the remaining balance of your loan at any time before the last payment is due.
How can I determine my payoff amount?
You can access your Account Information on mbfs.com, the Mercedes-Benz Finance app , or by calling our 24-hour Automated Information Line at 1.800.654.6222. You can also contact your local Mercedes-Benz retailer for details. If you are currently using the Auto Pay program to make monthly payments, please request cancellation of Auto Pay at least 10 days prior to paying off or trading in your vehicle to ensure that the funds are not debited in error.
Where should I send my payoff amount?
For the fastest processing, please send a Cashier's Check to:
MB Payoff Standard Mailing Address:
Mercedes-Benz Financial Services
P.O. Box 5209
Carol Stream, IL 60197 -5209
MB Payoff Overnight Mailing Address:
Mercedes-Benz Financial Services
Box 5209
5450 N. Cumberland Ave.
Chicago, IL 60656
Please include instructions as to where to send the title.
Glossary of Terms
Financial terms explained with clear, concise definitions in this easy-to-use glossary.