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31445 I-10, Boerne, TX, 78006

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Dealership Info

Phone Numbers:Online Showroom Hours:
  • Mon - Sun12:00 AM - 12:00 AM
    (Always Open for Online Shopping)
Sales Hours:
  • Mon - Fri8:30 AM - 7:00 PM
  • Sat8:30 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Sat7:00 AM - 6:00 PM
  • SunClosed
Parts Hours:
  • Mon - Sat7:00 AM - 6:00 PM
  • SunClosed
Service

Leasing vs Buying

Dealership Finance Professional signing documents

Why Lease a New Car?

If you prefer to drive newer, safer, more reliable vehicles, but prefer not pay a considerable down payment every few years, and also don’t travel an exorbitant amount every year, then a new car lease might be best for you. Leasing is best for those who prefer to bypass the annoyance of buying and selling every time they want to drive a new vehicle.

Why Should You Buy a New Car?

On the other hand, if you prefer long term automotive relationships with a larger sense of commitment and ownership, then buying might be what’s better for you. Car-buying is typically best for people who do not mind driving the same vehicle for over five years or even until it’s no longer fit for the road.

Buy vs Lease: Which One Is Right for You?

Knowing the pros, cons, and overall benefits of leasing vs buying a car or SUV is important. Be sure to examine factors like potential savings, vehicle ownership, monthly payments, and repair costs when calculating the best new vehicle financing type for you.

Leasing vs Buying: Ownership

When weighing the value of vehicle financing, new car or SUV ownership absolutely comes along with many well-known advantages, most associated with absolute ownership of the car. You may not realize, however, there are also a few nice advantages to leasing, as well. It’s important to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A meticulous checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car.

Monthly Payments

Car or SUV lease payments are often less expensive when compared to car financing and loan payments as the standard lease layout is pretty much renting with the option to buy out at the final payment of your lease term. Consider when leasing that you’ll need a nice credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the lower rate auto loans. Though it may add to monthly payments, it is also wise to get a model with the features you want or need, as personal satisfaction is often priceless.

Maintenance & Repair

Auto leasing often includes regular vehicle maintenance & repair. It’s important to remember this when calculating monthly costs of ownership vs leasing. Regardless of what make and model you buy, mechanic bills are an unknown cost that can rapidly add up. And for those who aren’t certified mechanics with a hydraulic jack and full toolset in the garage, leasing could be the best option for peace of mind.

Savings vs Investment

In general, a new car lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning outright ownership of the value of the car or SUV at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For your best investment on a financed/purchased vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


Mercedes-Benz Lease and Finance Offers Near San Antonio TX

Mercedes-Benz of Boerne knows that choosing the right Mercedes-Benz car and financing option is never easy. Our team of experienced Mercedes-Benz lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location near San Antonio, TX. We look forward to serving you.

 

Mercedes-Benz of Boerne 29.7915419, -98.7496179.