Buying vs. Leasing a Mercedes-Benz Car / SUV
Advantages of Buying / Financing a Mercedes-Benz
Attractive Monthly Payments
Designed to meet your specific financial goals, Mercedes-Benz of Easton offers financing terms for 24, 36, 48, 60, 72, and even up to 84 months. This provides you with more options and more possibilities for getting behind the wheel of a Mercedes-Benz, no matter what your budget looks like.
Low Interest Rates
On top of a wide range of flexible loan options, the manufacturer will occasionally offer new vehicle financing terms as low as 0% APR (for qualified buyers) on certain Mercedes-Benz models.
Ownership Equity
Another advantage that comes from financing is the fact that your vehicle will become 100% yours after it’s been paid off. This means that you can use its value as a trade-in for your next purchase. You’ll miss out on this perk by leasing.
Freedom
When you purchase your Mercedes-Benz vehicle, you won’t have to worry about all of the rules and restrictions associated with leasing. For example, there are no mileage restrictions or limits on how you can personalize or modify your vehicle. Leasing has specific limitations and restrictions on both in most cases.
Advantages of Leasing a Mercedes-Benz
Lowest Monthly Payments
During your lease term, there are certain criteria that you’ll be adhering to. For example, you’ll only be driving your leased vehicle for a specific period of time and within a certain mileage range. As a result, you’re basically paying for the percentage of the vehicle’s use and depreciation that you’re responsible for. This means that you’ll have lower monthly payments compared to purchasing the vehicle.
Low-Cost or No-Cost Repairs
For the vast majority of lessees, they won’t have to worry about paying out of pocket for repair bills. This is due to the fact that their vehicle is almost always covered by the manufacturer’s warranty during the lease term, allowing you to drive stress-free and with complete confidence.
No Impact on Trade
There’s no need to stress or worry about the current or future value of your leased vehicle. Part of the beauty of leasing is the convenience. Simply hand over the keys when you return your vehicle and select your next ride!
Flexibility
Life can be unpredictable at times. In the event that your driving needs change, leasing lets you adapt much more easily. Need more space for a new member of the family? Upgrade your sedan to an SUV when your lease is up. Start a new job with a longer commute? Return your current lease and select a more fuel-efficient model or opt for an all-electric option. The possibilities are endless!
Buying or Leasing a Mercedes-Benz – Frequently Asked Questions
My daily drive to work is fairly long. Does it make more sense for me to buy or lease?
Take note that the majority of lease contracts have limitations on mileage driven. If you exceed the specified mileage, overage fees and charges will apply. This mileage limit can also be adjusted upwards or downwards depending on your preferences. In general, it will make more financial sense to purchase your vehicle if you intend to drive it for quite a while.
Technology and access to the most current connectivity features are quite important to me. Would it be better to buy or lease my next vehicle?
A huge advantage that comes from leasing is the fact that you’ll always have access to the latest-and-greatest in terms of features and amenities. Every two or three years (in most cases), you’ll return your old lease and select your next Mercedes-Benz to enjoy.
Is there an age requirement to lease a vehicle?
Yes. You must be 18 years of age or older in order to lease a car.
Am I able to buy my leased vehicle at the end of my contract?
Not quite ready to say goodbye to the Mercedes-Benz vehicle you’ve grown to love over the years? We have great news! Contained within your lease contract is a price at which you can purchase your vehicle. Our team can even help arrange financing to make the process even smoother.