Mercedes-Benz is continuing its 1.9 percent auto loan financing for 24 to 36 months on most of its vehicles through August. If you can afford the higher monthly payments, this is a good auto loan incentive for a luxury brand. The payments are much higher because the loan is over such a short period of time. Leasing might be a better option for shoppers who prefer a lower monthly car payment.
For example, the E350 Sport Sedan (pictured) is $689 a month for a 39-month lease with $1,984 due at signing in August. The MSRP of the car is $48,600. At 1.9 percent over 24 months, the monthly auto loan payment would be $1,776 (factoring in six percent sales tax and a 20 percent down payment). By leasing the E350, your monthly payments would be $1,087 cheaper.
Mercedes-Benz also has lease incentives on almost all its vehicles in August. Lower monthly lease payments (less than $500 a month) are available on the C-Class Sport Sedan, GLK-Class SUV and SLK 300 Roadster. Other models have lease payments anywhere from $500 to $1,449 a month.
Smart’s 2009 fortwo can be leased for $169 a month for 36 months with $1,763 due at signing in August. You can also buy the fortwo with 1.9 percent auto loan financing or receive up to $3,500 in customer cash.
Incentives listed are for the southeast region. They may differ depending on where you live. Check Mercedes-Benz’ site to find the incentives in your area.