So you've finally picked out that new, used, or certified pre-owned Mercedes-Benz you've been dreaming about. The next step is turning that dream into a reality, and the team at Mercedes-Benz of Lancaster is ready to help you do just that. Drivers around Ephrata and Lititz can calculate their monthly payments to get a transparent view of what their next ride will cost. From there, you can make adjustments on things such as a down payment or see if you can spend a little bit extra on a higher trim level.

Step 1: Decide Whether to Finance or Lease

The first step in calculating your monthly payment is figuring out what type of payment you want to make. Financing and leasing are two separate entities, and they come with their own exclusive benefits. If you're the type of driver that prefers a long-term relationship with your vehicle that results in total ownership, then it's a long-term financing option you'll want.

Or, if you prefer to stay up to date on the latest technological advancements that Mercedes-Benz routinely has to offer, you'll want to lease. Leasing has the benefit of coming with a lower monthly payment and flexible terms, so getting a Mercedes-Benz lease in Lancaster PA feels akin to ownership.

Step 2: Value Your Trade

Another big part of configuring a monthly payment is by valuing your trade-in. If you aren't planning on using your current ride ever again, why not maximize its value with a trade-in? A trade-in can reduce, or even eliminate your down payment, depending on its value. Plus, you might be surprised at how much you can save to the point that you could end up getting a higher trim level for the same price you were looking to pay.

Drivers can calculate their trade-in value by using our Edmunds tool. You'll get immediate access to the most comprehensive automotive valuation data globally, which will produce the best evaluation of your current ride every time. Once you get your trade-in value, you'll bring your vehicle into the dealership, and a member of our staff will corroborate your vehicle's condition to ensure accuracy.

Step 3: Calculate Sales Tax

While every one of our new, used, and certified pre-owned vehicles is given a listing price, you'll need to know the sales tax to calculate your monthly payment. In Pennsylvania, the state sales tax is six percent, so to calculate it, you'll need to multiply the MSRP by .06 and then add it to the total cost.

Step 4: See If There are Any Rebates or Incentives That You Qualify For

At Mercedes-Benz of Lancaster, we're always running a series of rotating specials and global incentives that reduce the cost of various vehicles. There's no reason to spend more than you have on a superior luxury vehicle such as a Mercedes-Benz, so it's important to see if you qualify for a rebate or incentive to calculate your monthly payments accurately.

Questions? We Can Help

We understand that there are many complications when it comes to figuring out your monthly payments. If you have any questions about the process, we're always here to help. We can talk everything from financing to leasing and walk you through the entire process of figuring out your monthly payment. We look forward to serving you.

Categories: Finance