Mercedes-Benz Forum banner

Buying New MB in Florida Requires Financing?

972 Views 8 Replies 8 Participants Last post by  Peter Guenther

I believe I have found the 2014 S550 that I would like at a dealer in Florida. The dealer is claiming that although I want to pay cash (wire or cashier's check) for the car, that Florida regulations require anyone from out of state to finance at least half of the price of the car. They are saying that even Florida residents have to jump through alot of hoops to be able to pay cash.

This sounds absolutely crazy to me. Is this dealer simply trying to pick up a share of the financing charges, or has anyone actually heard of something like this? It's a deal breaker for me, because I don't finance my cars and don't want to start now.

If anyone can shed any light on whether or not this is a real thing, I would appreciate it.
1 - 2 of 9 Posts
That dealer is lying. I purchased a car with a check at a dealer in Tampa in 2012.
It was about half the price of the new S550, but they never once told me about any financing rules.
The dealer's get a nice financial spiff from whoever floats the financing and they are trying to pad the profit by lying to you. You can call Florida DMV and report for those practices. They are actually outside of the laws with deceptive trade practices in your case.
I figured as much. That seems absurd, and I was almost in shock when the salesman told me that. His exact quote was "I can't sell you the car cash because of exporting reasons. You would have to finance at least half. To pay cash you have to be a local resident and even they have to jump through hoops".

It's amazing to me that someone would pull this on a $130K transaction. This is my first Mercedes purchase, and so far my introduction to the world of Mercedes dealers isn't going well. I understand that they want to make as much profit as possible from the limited stock of the new S Class, but this isn't the way to do it. I had to look out of state because most of the S550's in inventory are not as well equipped as I would like. I guess I'll keep looking.

Anyway, thanks for confirming my suspicions.
1 - 2 of 9 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.