Are you currently struggling to find an affordable car that you want? A reporter would like to talk to you about your experience with car shopping; please reach out to [email protected] for more information.

How much will I pay for a brand new (2016) Mercedes-Benz C300 4Matic? And will I get approved?

angelos1angelos1 Member Posts: 7
edited May 2016 in Mercedes-Benz
Hi everyone! So I am planning on financing a 2016 C300 with 4Matic. I would love to go for E350 or a CLS400, however, I don't think I can afford it at this moment. So my credit isn't decent, but I do have very long and good credit/payment history. I can put down 5-6K and I can afford to pay $1500 every months max. with no pressure. I can also have a Co signer. I will do the longest term. And I live in Northwest Washington. So I was wondering, can I get approved? and approximately how much down payment should you pay and how much monthly? I would love if anyone had just financed a 2016 C300 too and share the concept with me! I would love to be a Benz owner and I really do look forward to my first Mercedes! If not then I'll just downgrade to a BMW or an Audi. But I still prefer Mercedes. Thank you!

Comments

  • MichaellMichaell ColoradoModerator Posts: 189,405
    angelos1 said:

    Hi everyone! So I am planning on financing a 2016 C300 with 4Matic. I would love to go for E350 or a CLS400, however, I don't think I can afford it at this moment. So my credit isn't decent, but I do have very long and good credit/payment history. I can put down 5-6K and I can afford to pay $1500 every months max. with no pressure. I can also have a Co signer. I will do the longest term. And I live in Northwest Washington. So I was wondering, can I get approved? and approximately how much down payment should you pay and how much monthly? I would love if anyone had just financed a 2016 C300 too and share the concept with me! I would love to be a Benz owner and I really do look forward to my first Mercedes! If not then I'll just downgrade to a BMW or an Audi. But I still prefer Mercedes. Thank you!

    Use the "make / model / year" pull downs at the top of the page to link to the price tools. Build your car, put in your zip code and you will get a TMV (True Market Value), which is an average price paid by people where you live. As this is an average, your goal should be to come in under that number when you negotiate.

    If you have a co-signer and $5K to use as a down payment on a purchase I think you should get approved for a loan. I don't think the payment will be $1500/mo, however - although I suppose it depends on how expensive the car is you want.

    Edmunds Price Checker
    Edmunds Lease Calculator
    Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!


    MODERATOR

    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • angelos1angelos1 Member Posts: 7
    Michaell said:

    angelos1 said:

    Hi everyone! So I am planning on financing a 2016 C300 with 4Matic. I would love to go for E350 or a CLS400, however, I don't think I can afford it at this moment. So my credit isn't decent, but I do have very long and good credit/payment history. I can put down 5-6K and I can afford to pay $1500 every months max. with no pressure. I can also have a Co signer. I will do the longest term. And I live in Northwest Washington. So I was wondering, can I get approved? and approximately how much down payment should you pay and how much monthly? I would love if anyone had just financed a 2016 C300 too and share the concept with me! I would love to be a Benz owner and I really do look forward to my first Mercedes! If not then I'll just downgrade to a BMW or an Audi. But I still prefer Mercedes. Thank you!

    Use the "make / model / year" pull downs at the top of the page to link to the price tools. Build your car, put in your zip code and you will get a TMV (True Market Value), which is an average price paid by people where you live. As this is an average, your goal should be to come in under that number when you negotiate.

    If you have a co-signer and $5K to use as a down payment on a purchase I think you should get approved for a loan. I don't think the payment will be $1500/mo, however - although I suppose it depends on how expensive the car is you want.
    Sounds great! thank you very much Michael!
Sign In or Register to comment.