Finance Center
Mercedes-Benz of Chicago takes the stress out of auto financing. From advice on whether to buy or lease to finding the best rates available, our finance team will work with you every step of the way to craft finance terms that work for your lifestyle and budget.
We Make it Easy!
Should You Lease Your New Mercedes-Benz of Chicago Vehicle?
Leasing is a great choice for shoppers who like to drive a new vehicle and want to keep their payments low. Once your lease term is up, you can trade up for a newer model, buy it outright, or simply return it and walk away when the lease it over.
Benefits of Financing
Customers who intend to hold onto their vehicle for a while should consider a loan. Our flexible financing plans can get you into a new or used vehicle with terms that will reduce your overall costs while you build equity in your vehicle.
Flexible Credit Options
Mercedes-Benz of Chicago can help you get into the new or used vehicle you deserve. With monthly specials, factory offers, and competitive rates, we go the extra mile to give you the options that work for your lifestyle.
Frequently Asked Questions
This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
Shopping Tools
Mercedes-Benz Payment Calculator
Use our calculator tool to estimate your monthly payment amount if you know the price of the vehicle you're looking to finance or how much you want to spend in total.
Protect Your Vehicle
Mercedes-Benz of Chicago offers protection plans to help you with mechanical breakdowns, routine maintenance, and unexpected emergencies such as vehicle theft, flat tires, road hazards, spills, and dents.
Explore Protection Plans
We'll Buy Your Car
Get a free certified offer and turn your car, truck, or SUV into cash today. Your offer is guaranteed for 7 days or 500 miles at any AutoNation location across the country.*
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Frequently Asked Questions
Auto Financing Has Never Been Easier
When you choose Mercedes-Benz of Chicago for your auto financing needs, you can expect:
Straightforward Pricing
You'll receive an affordable price on new and pre-owned vehicles. So you'll save time and get a great value.
Worry-Free Financing
We offer a wide range of finance and lease programs with a menu that makes financing with us clear and simple.
Easy Credit
Regardless of your credit situation, chances are we can find a lender and a program to fit your budget.
Your Trusted Mercedes-Benz Finance Center in Chicago
Mercedes-Benz of Chicago is your go-to local Mercedes-Benz finance center in the Chicago area. We are committed to making every step of the finance process easy and enjoyable. Our financial experts work closely with you to figure out what is best for your unique situation, so you can enjoy the same comfort and freedom with your payments as you do behind the wheel. All types of credit, from good to bad, can qualify for financing. Our team of knowledgeable and experienced finance specialists work hard to make your dream Mercedes-Benz go along with a dream payment plan. We understand your vehicle is more than just transportation; it is an investment and integral part of your life. Making sure you are excited to receive the keys to your new vehicle, without any financial worries, is our ultimate goal.
Whether you are looking to lease or buy your Mercedes-Benz, you will find our competitive finance packages as exciting as the vehicles themselves. Apply for Mercedes-Benz financing today with our quick and secure online application, or give us a call at 312-971-8303 to schedule an appointment with one of our finance team members to discuss your options. We look forward to getting you behind the wheel of the Mercedes-Benz you have been dreaming about today!
Your privacy is important to us.
Mercedes-Benz of Chicago takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.
*Subject to in-store verification, vehicle condition and mileage. Appraisal valid for 7 days or 500 miles, whichever comes first. See store for details. Some restrictions apply.
** These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.
Is it better to lease or finance a car?
Leases and loans are simply two different methods of automotive financing. One finances the use of a vehicle; the other finances the purchase of a vehicle. Depending on your situation, one may be better than the other for you.
If you like driving a new car every two or three years, prefer lower monthly payments, or drive under 10,000 miles per year then leasing might be the best option.
Do you want to keep your car for longer than three years? You should probably consider purchasing your next vehicle.
Can I trade in my car that's not paid off?
Yes. Trading in a financed vehicle is very common. There are a few things to still be aware of though.
If your car is worth less than what you owe, the remaining loan balance will simply be deducted from the value of your trade-in.
In both cases, we will take care of paying off the lien holder and getting the title for your vehicle. This is one less thing you have to worry about when you trade in your car with us, versus selling it privately. In fact, we will even buy your car from you regardless if you buy a vehicle from us!
How much should a car down payment be?
It is recommended to put at least 10% down on the purchase of a new or pre-owned vehicle, but as little as $500 can be sufficient in many cases. There is no harm in putting down as much as possible though, and we would suggest aiming for putting down around 20% to help lower your monthly payments.
You don't necessarily need to have this cash on hand though. If you are trading in a vehicle, the value of your trade-in will help cover most of, if not all, of your down payment.
If you are interested in having the lowest possible down payment, taking advantage of our affordable or no money down lease specials may be your best option. Check out our current lease offers today or contact us for more information.
Can I finance a used car?
Absolutely! We offer financing on all of our vehicles, both new and pre-owned. In fact, banks typically see lending through a dealership like us as less risky compared to lending to a private party. So when you finance a pre-owned vehicle through us, not only are you are more likely to get approved, you will probably get better loan terms too.
Get pre-approved for pre-owned vehicle financing today with our online finance application, then be sure to check out our complete selection of pre-owned cars, trucks, and SUVs for sale near you!
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Mercedes-Benz of Chicago
1520 W. North Avenue
Chicago, IL 60642-2356
- Sales: 312-971-8303
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