Mercedes-Benz Financial is proud to announce the enhancement to the Rising Star Program. Rising Star was created to offer recent college graduates with the Mercedes-Benz experience. Under the new program Mercedes-Benz Financial Services has opened up the offering to college students and first time buyers. With minimal requirements, you can enjoy an early success and start the journey as Mercedes-Benz customer for life.
Program Requirements:
- College Graduate – Geared toward those with a degree, no car credit and now progressing in their career.
- Student – For those local and international students needing a path toward approval.
- First Time Buyer – A great option for those with limited credit who do not require a high amount to finance.
Vehicle Eligibility:
- New or Certified Pre-Owned Mercedes-Benz vehicles only.
Program Eligibility:
- Graduate of an accredited college with a 4-year undergraduate degree, graduate degree, or registered nursing degree earned within the previous 24 months.
- A copy of the graduate’s diploma or official transcripts.
- Proof of graduate status or letter from Registrar’s Office stating intent to graduate within the next 6 months.
- Proof of income required – Last 3 months of bank statements or most recent pay stub.
- Customer must have a minimum of 24 months of credit on file.
- Gross debt to income ratio not to exceed 50%.
- Gross payment to income amount not to exceed 20%.
*See Mercedes-Benz of Music City for additional details. Financing through Mercedes-Benz Financial Services (MBFS). Not everyone will qualify.
College Graduate Requirements
- Graduate of 4-Year College or University, Graduate Program or Registered Nursing Program
- Proof of Enrollment or Graduate Status
- Recent Pay Stub or Bank Statements
- Amount Financed Cannot Exceed $50,000
- 24 Months of Established Credit
- Clean Credit History
- No Down Payment Required
- No Security Deposit Required
- Lease or Finance Offers
- Variable Term Lengths
Current Student Requirements
- Current Student of 4-Year College or University, Graduate Program or Registered Nursing Program
- Official Transcript or Letter from the Registrar’s Office
- Last 3 Months of Bank Statements
- Amount Financed Cannot Exceed $50,000
- Clean Credit History
- 20% Down Payment
- 10% Security Deposit
- Term Cannot Exceed Student Visa if Applicable
- Lease or Finance Offers
- References and Proof of Residence Required
First Time Buyer Requirements
- Most Recent Pay Stub or Last 3 Months of Bank Statements
- Amount Financed Cannot Exceed $20,000
- 24 Months of Established Credit
- Clean Credit History
- No Down Payment Required
- No Security Deposit Required
- Variable Term Lengths
- Lease and Finance Offers
- References and Proof of Residence Required
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