Leasing vs Buying a Mercedes-Benz in Beverly Hills California
Deciding Whether to Buy or Lease Your New Mercedes-Benz?
You’ve decided to become part of the Mercedes-Benz family, and we’re delighted to welcome you. Soon you’ll be behind the wheel of one of the world’s leading automotive machines, but there are some details to iron out first. It’s time to decide between buying or leasing your new vehicle. The Mercedes-Benz Financial Services website offers a simple survey for you to get an initial impression of which direction you will want to take.
Buying and Leasing are entirely different approaches to acquiring your new car, and you should be analyzing a multitude of factors before making your choice.
Quick Overview: Buying vs. Leasing
| BUYING | LEASING |
| The Vehicle Is Yours – When you pay off the automotive loan, you can keep your ride indefinitely | New Vehicles Every Few Years – When the lease agreement is complete you can get a new vehicle without the trade-in hassles |
| No Mileage Limitations – You can put as many miles on your vehicle as you wish | Mileage Limits – You will be limited to how many miles you can travel each year |
| Vehicle Maintenance Responsibility – If your vehicle needs service, the cost for maintaining and service it is on you | Vehicle Maintenance is Covered – In most lease agreements, the vehicle’s maintenance and service is on us |
| Need A New Ride? – You’ll have to sell or trade-in your old one and buy a new one | Time For A New Mercedes-Benz? – When your lease is up, you can get a new vehicle the same day, hassle-free |
Questions to Consider: Lease vs Buy
Do you enjoy driving a new car every two to three years?
Is your ownership range usually less than 3 years? 4-5 years? 6 or more years? Look at your vehicle history and consider your next step regarding changes in finances and your personal situation before moving forward. Some cars are weekend cruisers; others you may use to pick the kids up from school or commute to work. These practical options tend to pile up the most miles. Think about where your new Mercedes fits in this capacity.
Do you estimate that you will drive more than 15,000 miles per year?
Roughly how many miles a year do you typically drive?
- Less than 15,000
- 16-30,000
- More than 30,000
Think about how you’ll be utilizing your vehicle in the future – will your commute be the same by the time the lease expires? Throughout our lives, where, when and how we drive is constantly evolving. Families grow and change, or we may even be adding additional drivers to the registration. All of this must be thought through when deciding between Mercedes leasing or buying, so take stock before you execute your plan.
Do you buy or trade in your vehicle prior to the expiration of the lease?
- Trade in my existing vehicle for a new one.
- Sell my existing vehicle before I buy a new one.
- Keep my vehicle once I have paid it off.
Financially speaking, we all have different reasons for updating our vehicles. Are you leaning more towards frequently advancing to the latest model, or are you more into building your own automobile collection? Would you prefer to drive a more expensive vehicle with lower monthly payments? Perhaps you have a family member ready for their first car. Indeed, you may have even grown fond of your current vehicle and have the financial means to add to your automotive lineage. Whatever your situation, plan accordingly.
How did you acquire your existing vehicle?
- Lease
- Finance
- Cash
If you aren’t entirely satisfied with how your current payment method or plan worked out, maybe it’s time to make a change. Mercedes-Benz offers many options and financial plans, both for buying and leasing. On the other hand, you may be perfectly happy with how things have been going. Make this analysis before completing your Mercedes-Benz lease deal.
When you bring your new Mercedes-Benz home, what alterations might you make?
Whether you’ve just signed up for our famous C-Class, or selected the new model of the utility vehicle GLC 300, think about ways you may plan to physically alter your vehicle. If you’ve decided to lease your Mercedes, it will most likely need to remain in factory condition. One reason you may choose to buy is that you plan to make slight modifications or even completely customize your vehicle. If you choose to do this, you may violate the terms of your lease agreement. Speak with your dealer to ensure that you know exactly what you’re signing up for.
How important is maintaining your vehicle’s warranty?
If you have owned vehicles in the past or currently have a vehicle warranty, do you typically:
- Replace your vehicle before its factory warranty expires.
- Have a full inspection done on your vehicle before its factory warranty expires.
- Ignore if your car is under warranty or not.
How you handle your warranty and its clauses will greatly affect the re-sale or trade-in value, and even if you can qualify for new leases.
How will you be servicing your vehicle?
Your Mercedes is an engineering feat, and ideally you will be able to frequent an authorized manufacturer or dealer service center. Depending on the terms of your lease, if your vehicle is worked on by anyone other than a certified and registered brand technician, you may be voiding your contract. Whether you perform the maintenance yourself or take it into your local service center, when leasing you must review the terms carefully to confirm any allowances. Ensuring that you adhere to the stipulations of that contract dictates if you can continue to lease, or if you might consider becoming a full-on buyer.
Before visiting one of our many dealerships and speaking with one of our certified agents, make sure that you do your research and come prepared with a list of questions so that we can get you into the driver’s seat as soon as possible.
Shop our new online inventory, stop by our showroom, or simply call us at (855) 534-3654 and let our team of Mercedes-Benz leasing experts show you why Mercedes-Benz of Beverly Hills is where you should lease or buy your new Mercedes-Benz.
Visit Our Mercedes-Benz Dealership Leasing Deals | Leasing Vs. Buying | Mercedes-Benz of Beverly Hills | 9250 Beverly Blvd, Beverly Hills, CA 90210
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Marina is the Best she provides excellent customer services
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Service here is always a pleasure and a breeze. I was provided with a lovely loaner car while my car was getting maintenance - quick and easy - exactly how I like it! 🙂 Thanks again for everything Richard - you rock!
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MPG Disclaimer: Based on model year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle. |
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Disclaimer:
* While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Please verify any information in question with Mercedes-Benz of Beverly Hills.
New vehicle pricing includes all offers. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (855) 534-3654 or by visiting us at the dealership.
**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 4.9% interest and 20% downpayment.
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Call Now9250 Beverly Boulevard • Beverly Hills, CA 90210
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