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What's the monthly payment on a 2008 Mercury Grand Marquis?

Published: June 27, 2020

The monthly payment on a 2008 Mercury Grand Marquis with 146,729 miles is $89 at a 8.62% APR. We are assuming a vehicle with a market value of $4,359, a $0 downpayment, a credit score of 700 and a 60 months term. The payment can obviously vary by a large degree depending on the exact trim and mileage of the vehicle.

The following table therefore shows monthly payments by credit score and loan term:

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For your exact vehicle and credit score, take a look at the table above or enter your vehicle's details into our refinance calculator below:

Payments for your Mercury would be

$89 per month at 8.62% APR

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**Based on a loan of $4,359, FICO 700 and 60 months term.

What other 2008 Mercury Grand Marquis owners are paying

We performed a nationwide study and looked at thousands of 2008 Mercury Grand Marquis loans. On average, 2008 Mercury Grand Marquis owners who purchased their vehicle last year had a FICO of 623. For reference, the nationwide average score is 670.

The variance from the average American car owner is likely driven by the price point of the car at $9,491. We found that the average APR on a 2008 Mercury Grand Marquis loan is 14.56% over 45 months with a monthly payment of $284.

If the same 2008 Mercury Grand Marquis owner refinanced her auto loan, she could save $1,170 thanks to improving her credit score by as little as 35 points. For more context, take a look at our study Best way to lower your rate? Make your payments!

 

How we calculate your monthly 2008 Mercury Grand Marquis payments

Our auto loan refinance calculator estimates the monthly payments of your 2008 Mercury Grand Marquis the exact same way as any auto loan company would do. We wrote an article that explains all the nuances around auto loans and refinancing and you can learn more about our auto loan refinance calculator here

If you are not sure what trim, engine or drivetrain your 2008 Mercury Grand Marquis has, take a look at the vehicle brochure.

Monthly payments for similar Mercury Grand Marquis

1. Payments for a 2011 Mercury Grand Marquis
2. Refinance a 2010 Mercury Grand Marquis
3. Payments for a 2009 Mercury Grand Marquis

Resources and auto loan refinance

Resources that helped us develop this calculator include but are not limited to CUDLExperian, Equifax, TransUnion, FICO, CreditKarma and the Consumer Financial Protection Board.

Feel free to contact us for questions or feedback. We are a fully digital platform that lets car owners like you refinance their cars from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

 

Curious how much you can save today? Follow three simple steps to refinance your 2008 Mercury Grand Marquis loan, get approved in seconds and save thousands in minutes.

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