Mercedes-Benz Financing Tips: Leases vs Loans

If you’re curious about starting a Mercedes-Benz lease or buying new, you don’t want to start the process without any contextual knowledge. That’s why our team here at Keyes European is here to provide thorough guidance at every stage of your car shopping experience, including during the process of financing a Mercedes-Benz car. One question we’ll help you answer is whether you should lease your car or take out a loan to buy your car.

Benefits of Leasing

Leasing a luxury car is a great move if you want to enjoy the full experience of a Mercedes-Benz vehicle without being responsible for the full cost of the car. Leasing is a bit like a long-term rental; you will get to drive the car for a set period while you make payments. You’ll also make a down payment before you can drive the vehicle off of the lot.

However, these payments will be lower compared to buying since you’re simply paying for the depreciation of the vehicle along with some leasing fees.

Benefits of Buying

If you take out a loan to purchase the car, then you’ll get to enjoy the pride of being the rightful owner of the car. Once your payments are completed, you’ll get the car title and won’t owe anything to the lender anymore. Buying also means you’ll get to sell your car and get some money back from your initial investment.

Leasing also involves putting a cap on how many miles you can drive per year along with restrictions to making aftermarket alterations. When you buy, you won’t have to worry about either of these.

Visit our Van Nuys Mercedes-Benz dealership to test drive new luxury cars and to explore your financing options today!