Mercedes-Benz Finance

Mercedes-Benz's company tagline “The Best or Nothing” is very much in line with its brand. The sleek and stylish cars with the iconic logo on the hood are more than enough to convince you that it’s all about luxury, with prices to match. At the time of writing, a A-Class Seda will set you back $63,784 drive-away whereas the Mercedes-Maybach S 680 will cost you an astounding $574,000 before on-road costs.

This guide will take you through what options you have to finance a Mercedes-Benz.

Compare Mercedes-Benz loan options

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Finder Score	Interest Rate (p.a.)	Comp. Rate (p.a.)	Application Fee	Monthly Fee	Monthly Repayment
Promoted Finder Score 9.4 Excellent OurMoneyMarket New Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Finder Score 9.4 Excellent	Interest Rate (p.a.) 5.95% to 18.99%	Comp. Rate (p.a.) 5.95% to 21.78%	Application Fee $0 min.	Monthly Fee $0	Monthly Repayment	No monthly or early exit fees. Loan amounts range from $5,000 to $100,000. Eligibility: Applicants with an Equifax credit score of 500 or above and an annual income of more than $25k are eligible.	Go to siteView details Compare product selection Compare	loading
Promoted Finder Score 9.1 Excellent IMB New Car Loan Fixed1 - 7 Years $2,000 - $125,000	Finder Score 9.1 Excellent	Interest Rate (p.a.) 5.99%	Comp. Rate (p.a.) 6.34%	Application Fee $274.78	Monthly Fee $0	Monthly Repayment	Borrow up to $125,000, pay no account-keeping fees and repay with fixed repayments while having the ability to repay early.	Go to siteView details Compare product selection Compare	loading
Promoted Finder Score 8.5 Great Stratton Finance New Car Loan Fixed1 - 7 Years $10,000 - $300,000	Finder Score 8.5 Great	Interest Rate (p.a.) 5.67% to 18%	Comp. Rate (p.a.) 6.1% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment	Your own personal car loan broker can help you borrow up to $300,000 for your new car by choosing from a range of finance options.	Go to siteView details Compare product selection Compare	loading
Finder Score 7.7 Great RACV New Car Loans Fixed1 - 7 Years $5,000 - $100,000	Finder Score 7.7 Great	Interest Rate (p.a.) 6.59% to 17.69%	Comp. Rate (p.a.) 7.29% to 18.47%	Application Fee $499	Monthly Fee $0	Monthly Repayment	Go to siteView details Compare product selection Compare	loading
Finder Score 7.5 Great loans.com.au - New/Demo - Variable Rate Variable3 - 7 Years $10,000 - $150,000	Finder Score 7.5 Great	Interest Rate (p.a.) 5.99% to 15.89%	Comp. Rate (p.a.) 7.12% to 17.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment	Go to siteView details Compare product selection Compare	loading
Finder Score 9.4 Excellent OurMoneyMarket Used Car Loan ($5,000-$100,000) Fixed1 - 7 Years $5,000 - $100,000	Finder Score 9.4 Excellent	Interest Rate (p.a.) 5.95% to 18.99%	Comp. Rate (p.a.) 5.95% to 21.78%	Application Fee $0 min.	Monthly Fee $0	Monthly Repayment	No monthly or early exit fees. Loan amounts range from $5,000 to $100,000. No vehicle age limit. Eligibility: Applicants with an Equifax credit score of 500 or above and an annual income of more than $25k are eligible.	Go to siteView details Compare product selection Compare	loading
Finder Score 7.4 Great RACV Used Car Loans Fixed1 - 7 Years $5,000 - $100,000	Finder Score 7.4 Great	Interest Rate (p.a.) 7.89% to 17.69%	Comp. Rate (p.a.) 8.6% to 18.47%	Application Fee $499	Monthly Fee $0	Monthly Repayment	Benefit from no ongoing fees, 5-hour approval and a 21-day satisfaction guarantee. Interest rate discounts for members.	Go to siteView details Compare product selection Compare	loading
Finder Score 7.4 Great loans.com.au - Variable Rate Used Car < 3 years Variable3 - 7 Years $10,000 - $150,000	Finder Score 7.4 Great	Interest Rate (p.a.) 5.99% to 15.89%	Comp. Rate (p.a.) 7.12% to 17.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment	Go to siteView details Compare product selection Compare	loading
Finder Score 8.3 Great Stratton Finance Used Car Loan Fixed1 - 7 Years $10,000 - $300,000	Finder Score 8.3 Great	Interest Rate (p.a.) 6.59% to 18%	Comp. Rate (p.a.) 7.91% to 23%	Application Fee $395	Monthly Fee $0	Monthly Repayment	Your own personal car loan broker can help you borrow up to $300,000 for your new car by choosing from a range of finance options.	Go to siteView details Compare product selection Compare	loading
Finder Score 7.2 Great loans.com.au - Fixed Rate Used Car Loan (6 to 7 years) Fixed3 - 7 Years $10,000 - $150,000	Finder Score 7.2 Great	Interest Rate (p.a.) 6.54% to 15.24%	Comp. Rate (p.a.) 7.67% to 16.36%	Application Fee $400	Monthly Fee $8	Monthly Repayment	Go to siteView details Compare product selection Compare	loading
Finder Score 7.5 Great loans.com.au - Variable Rate Used Car < 5 years Variable3 - 7 Years $10,000 - $150,000	Finder Score 7.5 Great	Interest Rate (p.a.) 5.99% to 15.89%	Comp. Rate (p.a.) 7.12% to 17.01%	Application Fee $400	Monthly Fee $8	Monthly Repayment	Go to siteView details Compare product selection Compare	loading

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How can you finance a Mercedes-Benz?

There are a few ways to finance a Mercedes in Australia - each with its own pros, cons and quirks. Whether you're buying through a dealership or sorting your own loan online, here's what to expect.

Dealer finance through Mercedes-Benz Financial Services

Many buyers go straight to the dealership and take out a loan with Mercedes-Benz Financial Services. These are secured car loans that let you borrow up to the full value of the car (sometimes even with no deposit), with flexible terms and optional balloon payments to lower your monthly costs. You usually apply for this at the dealership during the buying process.

Secured car loans from banks or online lenders

You're not locked into dealership finance. Many banks and non-bank lenders offer secured car loans for Mercedes-Benz vehicles - often with lower comparison rates than what you'll find at the dealership. You get the cash, buy the car, and repay the lender in instalments. Most require the car to be under 5 or 7 years old and in good condition.

Unsecured personal loans

If you're buying a second-hand Mercedes from a private seller or want more flexibility, an unsecured personal loan could work. You won't need to use the car as security, but you'll likely pay a higher interest rate. These loans can also be faster to approve.

Lease and novated lease options

Business buyers and salary earners can also explore leasing. With a finance lease, the lender buys the car and you rent it for a fixed term. A novated lease lets you package a Mercedes into your salary, potentially lowering your taxable income - if your employer offers this.

How do you decide how to finance your Mercedes-Benz?

Choosing between loans and lenders can be difficult. However, there’s a variety of features that can sway your choice. Some of these features are:

• Repayment flexibility. Whether you can tailor your repayments to your income schedule is a major factor when choosing between lenders. This feature usually offers weekly, fortnightly or monthly options.
• Fees (upfront and ongoing). If you’re unable to find any information about the fee structure and what you’ll be paying, this is a good indication that there’s either a steep dishonour fee or a heavy application fee. Keep an eye out!
• Balloon repayments. This is where a lump sum is to be paid out at the end of your loan term. This sum can be upwards of $5,000 and lowers your payments over the duration of the loan.
• Interest rates. Interest rates are another feature to look out for. Look at the comparison rate, as this rate indicates the true cost of the loan over time.

Mercedes lease vs loan: Which is better?

There's no right or wrong answer - it really comes down to what you want from the car and how long you plan to keep it. Here's how the two options stack up:

You may want to choose a lease if

• You want a newer car more often
• You're salary packaging or buying for business
• You don't want the hassle of selling the car later

You may want to choose a loan if

• You want to eventually own the car outright
• You plan to keep it for 5+ years
• You don't like restrictions on kilometres or car modifications

Frequently asked questions about financing a Mercedes-Benz

• Should I get a new or used Mercedes-Benz?

  This is a personal choice. No one apart from you is going to know that it’s used unless you tell them. As long as it’s still a Mercedez-Benz, people may be too jealous to figure out if it has just been bought.

• Where can I find the different types of Mercedes-Benz available?

  On the company website, which is very easy to use.

• A Mercedes-Benz is too expensive! What other cars do you know about?

  Luckily for you, we know a lot about financing options surrounding other vehicles. Check them out here on car loans page.

Written by

Courtney Allan

Graduate publisher

Courtney Allan was a writer at Finder covering personal finance. She has written for a number well-known publications and companies including the NRMA. See full bio