Would you use Mercedes Benz Financial?... - Page 2 - Mercedes-Benz Forum

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post #11 of 15 (permalink) Old 07-18-2013, 08:24 AM Thread Starter
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Originally Posted by kumkum View Post
I have bough a car recently and applied for the MB Financial and its quick and gives better services and interest rate. I have 1.9% interest rate now and I have chosen it because of lower rates.
I plan on buying the new S class that comes out this fall. Gonna put $20,000 down on it and finance $80,000. My credit score is 800 with Transunion. Do you think they give 1.9% rates to the higher costing cars?

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post #12 of 15 (permalink) Old 07-18-2013, 10:05 AM
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No idea to answer your immediate question. Given the fact that you're buying new and all of the German auto manufacturers are hurting due to the austerity measures in Europe, I'd look for a great deal.
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post #13 of 15 (permalink) Old 07-18-2013, 12:58 PM Thread Starter
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No idea to answer your immediate question. Given the fact that you're buying new and all of the German auto manufacturers are hurting due to the austerity measures in Europe, I'd look for a great deal.
I hope you're right!!

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post #14 of 15 (permalink) Old 02-12-2015, 03:53 PM
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Watch Out!

Mercedes makes good cars and has a generally positive corporate reputation. However in buying or leasing a Mercedes beware Mercedes Benz Financial Services (MBF). I will spare you my tale of woe with this dubious organization. What I will do is to urge you to practice caution.

First, closely read the lease or finance agreement. You will find that MBF grants themselves extraordinary powers of collection and repossession. The presumption is they are always in the right and you always in the wrong. The agreements also require you to waive your basic consumer and legal rights. You might ask what sort of organization would wish to treat their customers in this manner. Therefore, do the research.

Research other customer’s experiences. The primary review site for credit granters is Credit Karma (https://www.creditkarma.com/reviews/...benz-financial). A full 80% of reviewers give MBF the lowest possible rating. The titles of the first two pages of reviews tell all:

1. Worst financial service company,
2. Horrible Customer Service,
3. No problems with Mercedes-Benz Financial,
4. Terrible service,
5. Avoid at all costs,
6. MB Financial is arrogant,
7. Arrogant and rude service,
8. WORST SERVICE EVER RECEIVED,
9. Just Greedy,
10. Fed up,
11. Unethical organization,
12. Unethical,
13. No more.

There is always a chance that you will be the one in thirteen that is not abused, but your odds are not good.

If you still are not convinced read a recent Wisconsin Supreme Court decision against MBF (http://www.wicourts.gov/sc/opinion/D...df&seqNo=67711) You will quickly understand why MBF so wants you waive your rights to sue and why you really need those rights.

Know your alternatives. There are other, reputable, finance options. There are also the BMW and Audi dealerships just down the street.
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post #15 of 15 (permalink) Old 02-12-2015, 05:47 PM
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I prefer going local where I know the people and they know me.

When out on the road, it's always best to watch out for Pot holes, Sink holes, and those other Holes!

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You can't get us confused. I'm also "Nice", but NYYYCE is NEVER "Easy"!
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