6 Tips For Buying a Pre-Owned Mercedes-Benz
Any vehicle purchase requires a significant amount of thought and careful consideration, and that is especially true when buying a pre-owned Mercedes-Benz model. In many cases, a pre-owned model can be a wise investment, as long it has been well cared for and meticulously maintained. By choosing a vehicle that is just a few years old, you can save significantly over the price of a similar new model, stretching your budget, or you can upgrade to a better model for a similar price.
Thanks to the industry-leading quality and reliability of Mercedes-Benz products, a pre-owned Mercedes-Benz is one of the best values in the pre-owned market, particularly the Certified- Pre-Owned models, which offer nearly the same performance and quality as a new Mercedes-Benz at a steep discount.
Here are a few tips that will help you find the perfect pre-owned Mercedes-Benz for your needs and your budget:
1) Determine a Budget
When you are shopping a for a pre-owned vehicle, it can be easy to get caught up in the process and spend more than you had planned. Before you start looking for any vehicle, consider how much you can afford to spend now and in the future. Determine a realistic upper and lower price range, based on the monthly payment you can afford. There are plenty of internet-based tools that can help you determine what your monthly payment may be, based on the purchase price, down-payment, interest rate and other variables. Such tools will give you a reasonable estimate of the total purchase price you can afford, and your monthly payment should be no more than about 20 percent of your income. Be sure to consider future variables that may affect your finances, such as job or career changes, family status and future investments.
2) Check Your Credit
If you plan to finance the vehicle, it is a good idea to check your credit score and credit history at all the major credit bureaus, and research the current available interest rates. Not only will this help you to determine what interest rates and financing options may be available to you, but it will also give you a chance to correct errors in your credit reports before you commit to buying a vehicle. In today’s world of data breaches and identity theft, errors on credit reports are not all that uncommon, and they can have a large effect on how much interest you pay on a loan and what financing options are available to you.
3) Determine Your Interests
To determine what type of pre-owned Mercedes-Benz may interest you, do a bit of research on the available models from the last few years. Mercedes-Benz offers a wide range of vehicles, including sedans, coupes, roadsters, convertibles, sport-utility vehicles, vans, wagons and more. These include well-appointed entry-level models like the C-Class Sedan, to executive-class sedans like the S-class or high-performance AMG® models, with a variety of available packages and options. Whether you want a vehicle to carry a large family in comfort, a model with refined style and plenty of luxury features, or one that offers race-proven performance, Mercedes-Benz has a model that can fit your needs.
4) Find a Dealership
When you are ready to start shopping, find a local Mercedes-Benz dealer that offers a wide selection of both pre-owned and Certified Pre-Owned Mercedes-Benz models. Often, an official Mercedes-Benz dealership is the best place to buy a pre-owned Mercedes-Benz, because they have the knowledge and experience necessary to evaluate the quality of a pre-owned Mercedes-Benz and perform any necessary repairs, and they often have access to the detailed histories and maintenance records of many of the vehicles they sell. Additionally, only an official Mercedes-Benz dealership can offer Certified Pre-Owneded Mercedes-Benz models, which have undergone a thorough inspection process with over 146 points of concern, making them eligible to carry a one-year extended warranty in addition to any remaining factory warranty.
5) Select a Model
Browse through the available inventory at the dealership and find a few models that interest you. Avoid focusing on a single vehicle to avoid limiting your choices, and ask plenty of questions. Find vehicles that offer plenty of features for the price, with low mileage and as few previous owners as possible. Vehicles with fewer owners often have maintenance records that are easy to verify, and histories that are readily available. Ask the sales staff about the history of each vehicle, the previous owners, the mechanical condition and the price. Inspect the vehicles for any obvious problems, like excessive tire wear, leaks, body damage, broken components or interior wear, and be sure to take lengthy test drives in each one, both on the highway and on residential streets. Finally, ask the dealership for a vehicle history report, which can identify hidden issues, such as mileage discrepancies, prior accidents or other major issues. Many dealerships offer complimentary vehicle history reports with each pre-owned Mercedes-Benz.
6) Begin the Sales Process
Once you have narrowed down your choices and selected a vehicle, it is time to start the sales process. Using what you have learned about the condition of the vehicle, its history and other relevant factors, discuss a price with the sales team, then begin discussing your financing options. Many dealerships offer online-financing applications that can pre-approve you for certain financing options and allow you to start filling out the relevant forms, saving time at the dealership and allowing you to better narrow down your options before shopping for a vehicle. Once you are satisfied with the offer and have discussed items like warranties and maintenance, you can complete the sale and take ownership of your pre-owned Mercedes-Benz, knowing that you have done your due diligence and received the best vehicle for your needs and your budget. Be sure to ask about any special offers on maintenance and repairs, and about any extra services that are offered for Mercedes-Benz owners.
With these tips, you can streamline the process of purchasing a pre-owned Mercedes-Benz, making the buying experience easy and convenient, while allowing you to find a long-lasting, high-quality vehicle that will serve you well for many years.