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.
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.
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.
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.
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.
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.
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.
|Pre-Owned Vehicles||Not Available||Available|
|Vehicle Customization||Not Available||Available|
|Poor Credit Financing||Not Available||Available|
|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 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.
Shop our new online inventory, stop by our showroom, or simply call us at 855-449-9408 and let our team of Mercedes-Benz leasing experts show you why Mercedes-Benz of Boerne is where you should lease or buy your new Mercedes-Benz.
Pat at Mercedes in New Braunfels took excellent care of both my daughter and I. From making sure we got our rental to making it super easy when checking out.
I always have a wonderful experience with Lynda De LA Cruz. She is very friendly, courteous and knowledgeable while working with her. I rate her as excellent service agent.
I took our vehicle in for A service work and was very satisfied with Mark & the team’s professionalism. They kept me posted on the progress of the work being completed and even went the extra mile to ensure parts arrived the same day in order to avoid delays - Nice job team & keep the great work
Great experience all around. Charles Spencer has taken excellent care of us every time the car goes to the dealership for servicing. I highly recommend him!
Service manager is always excellent. Very informative and very kind. Explains all that car needs .
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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.