Financing and Leasing Solutions Made Easy at i.g. Burton & Co, Inc.
Whether you have found your next new or pre-owned car, or you continue to search, the payment process is probably on your mind. While price might not present much of a challenge, not many people often pay for a luxury car wholesale, out of pocket, and many customers do not have ownership in mind at all. Financing or leasing are both excellent payment solutions that help simplify the cost of owning a car.
No matter which you choose our auto financing center here at i.g. Burton & Co, Inc. can help guide you through the payment process and answer your questions. Start your offer online with us and visit i.g. Burton & Co, Inc. in Milford, DE to learn more. You will find us located just 20 minutes outside of Dover, DE.
Finance Options
Auto Loan
Financing through an auto loan is a great option if you have one particular new Mercedes-Benz or pre-owned car that you want to make your own. Auto financing involves working through an outside bank or lending organization and making regular payments each month, with a down payment usually due at signing. Loan terms usually have a set range, which can typically last anywhere from 12 to 84 months, depending on how much you would like to pay each month. There are no mileage restrictions or limits on customizations you can make to the vehicle and, once the loan is paid off, the new or pre-owned car is yours to do with as you choose.
Auto loans are also a great option if you have a lower credit score, or no credit at all, as they allow you to build equity, as long as payments are met in a timely manner. In fact, financing only brings with it a few downsides that many customers find acceptable:
- Warranties: Since auto loans are made for the long-term, the warranties included with each new or pre-owned car will expire eventually, so you may need to purchase additional coverage.
- Higher Payments: Unless you find a low payment loan offer in our store, your monthly payments might be higher than they would be with a lease. Typically, the more you can put down, the less you will pay monthly.
Lease Agreement
If you like the look and feel of a new Mercedes-Benz, but do not want to get saddled into a long-term loan offer, then leasing is the right choice for you. A lease agreement works similar to renting a vehicle, where you drive it for a pre-set number of miles and months, with contacts typically lasting from 26 to 60 months. Most lease agreements are handled in-house by our financing team and when they end, lessees near Wilmington, DE can return the new car back to us and lease another new model. The car also remains under warranty throughout the lease contract, ensuring that all necessary repairs and maintenance are as inexpensive as possible.
However, as with auto loans, leasing comes with its own set of drawbacks to take into consideration:
- Mileage: Lease agreements are a great choice for drivers with shorter commutes near Salisbury, MD, and those who do not take frequent road trips. When leasing, you choose your annual mileage, but you will be financially responsible for any overages.
- Credit: Typically, your credit rating should be higher, if not exemplary, to qualify for a lease agreement. While low-credit leasing can be an option, it might require an additional security deposit.
- Customizations: If you want to upgrade your new Mercedes-Benz with a flashy new gadget or accessory, you might find yourself limited by lease agreement stipulations. Minor, removable accessories like roof racks are acceptable, but any major customizations can result in financial penalties.
Cash Payment
While not many people take this option, you can always pay for a vehicle with cold, hard cash if you have the means. Paying cash ensures you get the vehicle you want now with no future worries about making monthly payments or other contract stipulations.
Start Online for Success
Drivers from Dover to Talbot County, MD can start online and get approved for a loan or lease offer from home. Without payment calculator, you can structure a loan offer and see what your monthly payments can look like, according to your desired terms. We also have a free trade-in appraisal tool and an application that gets you pre-approved for a loan or lease agreement in minutes. Those interested in financing should fill out our more in-depth credit application and get approved for financing with one of our many external lending partners.
If you have any questions at any time, you can live chat with a sales or financing representative on our end.
Start Financing Today
We invite you to start the financing process online and get a great offer on an auto loan or lease agreement through i.g. Burton & Co, Inc. Check out our financing special offers and lease offer to see how you can save, and do not hesitate to contact our auto financing center in Milford, DE if you have any questions along the way. We look forward to working with you!
AdChoices