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Mercedes Auto Loan

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Anonymous
Not applicable

Mercedes Auto Loan

Hello - I'm new to this Forum.

 

I am interested in a 2014 Mercedes CLA 250 & wanted to have everyones advide & opinion on getting approved.

 

The car is 28k

 

Credit Score: 710

AAoA: 6 months

Income:38,400

Lenght of Employment: 4 years

Previous Loan Experience: ( Not sure what this means, however I have 100% payment history on my credit report for my previous auto loan )

Debt-to-Income (DTI): 35

Year of Car: 2014

Miles:40,000

Requested loan term (XX Months):60 months

Down payment amount:4,000

 

8 REPLIES 8
Anonymous
Not applicable

Re: Mercedes Auto Loan

I think you can do better. I'm in Florida and CLA's are going for that with way less mileage. Also, have you considered the BMW 3 series or Audi A3/4? Your scores look good though. Are you a member of Navy Federal or Penfed?

Message 2 of 9
TXinandout
Frequent Contributor

Re: Mercedes Auto Loan

I have to agree with HBLTD20T, I had the MB CLA250 and what a disappointment.

The car has a very rough ride, I was only able to drive it for a year and that was it! Now I'm in a BMW 3 series and couldn't be happier.
BK Discharged 06/02/2016 SCORES AROUND 475

Current scores:
EXP-667
EQ-654
TU-653
Message 3 of 9
Anonymous
Not applicable

Re: Mercedes Auto Loan

What were some of the maintenance problems you encountered in the year?

& what was your down-payment / FICO score at the time?

Thanks for responding and your wise advice.
Message 4 of 9
Anonymous
Not applicable

Re: Mercedes Auto Loan

Thank you. I'll take a look at some of the Audi & BMWS
Message 5 of 9
Anonymous
Not applicable

Re: Mercedes Auto Loan

Please do. My sister's 2012 Audi A4 has 80,000 and she has had not one problem out of it since she bought it. It still rides like a dream. The CLA is a gussied up econobox with Mercedes emblems and a sucker price tag. Run away.........Smiley Wink.

Message 6 of 9
Abelcrdn
Regular Contributor

Re: Mercedes Auto Loan

What did you decide to do? We just purchased a 2017 GLE and love it !
12/23 Fico Score 8 TU-761 EX -747 EQ-734
Message 7 of 9
Anonymous
Not applicable

Re: Mercedes Auto Loan

The CLA is an absolutely terrible car. Cheap, cramped and a bad image problem that communicates to the world that you want a mercedes but cant quite afford one. Avoid it. Avoid it. Avoid it. You will regret it. Avoid it. I made this disastrous mistake a couple years ago. Avoid it.

Message 8 of 9
Anonymous
Not applicable

Re: Mercedes Auto Loan


@Anonymous wrote:
Thank you. I'll take a look at some of the Audi & BMWS

I've got my 2017 BMW 5 Series 530i Lease for $579/month from DSR Leasing. I can say that I am very satisfied with my new car and I feel so great and happy having it. I guess you can try to check out on their website if you are looking for another car to lease. They have plenty of options for Audi & BMWS. After you decided your choice, you can contact them directly to assist you in all your questions and needs. Smiley Happy

Message 9 of 9
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