Get Hours and Directions


18122 Rockside Road, Bedford, OH, 44146

Get Directions  Map depicting surroundiing area of Mercedes-Benz of Bedford

Dealership Info

Phone Numbers:Sales Hours:
  • Mon, Thu9:00 AM - 8:00 PM
  • Tue - Wed9:00 AM - 7:00 PM
  • Fri9:00 AM - 6:00 PM
  • Sat9:00 AM - 5:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 2:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 2:00 PM
  • SunClosed

Financing with a Bank or Dealership: What’s the Difference?

Finance and Signing

Beachwood-area drivers have many options to consider during the car loan shopping process. Taking your own unique needs into account, how do you choose the best place to get a car loan? It comes down to many factors, including your credit rating, your relationships to local banks, timing, and location. Like anything else, it’s best to shop around when you’re car loan shopping. Here’s what you should know.

Car Loans From a Dealership

If you’ve gone back and forth on where to get a car loan, you may find that a dealership is simply the easiest and most sensible option. After all, if you can take care of the entire car buying process at one location, you’re definitely going to get the bonus of streamlined convenience. You’ll also benefit from these other exciting perks:

  • Dealers can help you determine what cars in their inventory best fit your budget and your driving needs.
  • Dealerships work with a variety of lenders to get you the best rates possible. They basically do the car loan shopping for you.
  • It is easy to apply. You only need to fill out one form to get multiple options, and the best place to get a car loan is bound to be found among them.
  • Multiple lenders are competing for your business, which can lead to a better rate.
  • Some dealerships offer options like guaranteed financing for those who have issues with their credit.
  • The dealership may offer financing incentives to those who start their loan on site.
  • You may be able to negotiate a lower down payment when financing with the dealership.

Car Loans From a Bank

When deciding on where to get a car loan in Mayfield, you might consider your local bank or credit union. Speaking with your dealership before applying at your bank is a good idea because each dealership has different financing partners. This will give you multiple options to choose from. If you have less-than-perfect credit, a bank might not be the best place to get auto financing. Despite this, there are some benefits, including:

  • Even with bad credit a bank might be the best place to get a car loan if you have a pre-existing relationship.
  • There are often set interest rates that banks stick to, so there will be less variation between your offers.
  • If you need a flexible payment schedule a bank might be the best place to get auto financing.

Find the Best Place to Get Auto Financing with Mercedes-Benz of Bedford

If you’re anywhere near Cleveland or Lakewood, contact the Mercedes-Benz of Bedford finance center for all your auto financing needs. Our knowledgeable, professional staff is here to help you make the right financial choice.

Learn More with Mercedes-Benz of Bedford

  • 2021 Mercedes-Benz GLC Dimensions

    Looking for a well-rounded, capable, and spacious midsize luxury SUV? You’ll find exactly what you’re after in our new Mercedes-Benz GLC inventory. In fact, once you’ve had a chance to explore the Mercedes-Benz GLC dimensions for yourself, we’d be surprised if you were able to settle for any of its rivals. Find out how to…

  • 2021 Mercedes-Benz E-Class Interior Features

    The 2021 Mercedes-Benz E-Class is a perennial favorite with drivers near Mayfield and Cleveland, and it isn’t at all difficult to see why. The latest E-Class interior has more to offer than ever this year, with luxurious materials, next-generation technologies, and dimensions that will please all of your passengers. Arriving looking contemporary after an extensive…

  • 2020 Mercedes-Benz GLS Dimensions & Weight

    The GLS SUV is one of the largest vehicles in the current lineup, but of course, size isn’t the only factor that sets this celebrated Mercedes-Benz 3rd-row SUV apart! Our overview of the Mercedes-Benz GLS dimensions reveals that this model succeeds in all the areas that truly matter to Beachwood area drivers, and since this…