We understand there are a lot of questions and decisions to be made when shopping for a new vehicle. Today, we’re addressing our Mercedes-Benz financing process at Mercedes-Benz of Annapolis and the benefits of getting pre-approved for financing.
What Does Being Pre-Approved Mean?
When you purchase a new vehicle, you are responsible for paying for the total investment of your vehicle before you can drive it off the lot. Oftentimes, that isn’t something that buyers can (or want) to do. However, you can get financing, which means obtaining a loan from an outside lender for the investment of your car. If you are pre-approved, that simply means that you are deemed a borrower that can pay for your loan.
How Do You Get Pre-Approved?
You can conveniently get pre-approved for financing on our website anytime. We have a quick and easy request form that allows you to securely apply online. You’ll start by filling out your contact information. Then, we’ll ask questions about your buying power, including your income and your existing debt. We’ll also pull your credit report to learn your score and credit history. Then, our team will follow up with you to discuss your financing options.
Do You Have to Be Pre-Approved?
Not at all! Getting pre-approved simply cuts down your time and paperwork at the dealership. It also helps limit surprises. We are more than happy to go through the financing process with you. We will ask you the same questions that our online form asks. Then, we’ll present the information to our circle of lenders and present the offers we receive to you.
Ready to get pre-approved? You can conveniently apply online now to get preapproved or reach out to our Mercedes-Benz dealership in Annapolis, MD for help. We look forward to chatting with you soon!
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