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.
|Poor Credit Financing
|Pride of Ownership
|Smaller Down Payment
|Larger Down Payment
|Smaller Monthly Payments
|Larger Monthly Payments
|Short Term Savings
|Long Term Investment
|Approx. 2-4 Years
|Approx. 3-6 Years
|Maintenance & Repair Costs
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.
Ryan De took care of my car, everything ran smoothly! Thank you Ryan for the help!
Communicate well. Customer relations are important and were addressed very quickly with follow up and quick action.
Overall had a great experience with this dealership. From start to finish had excellent service . The staff was very knowledgeable of their vehicles and gave many details. My personal sales representative Rey did a great job helping me with information and keeping me informed throughout the process . He even went as far to help arrange the transport for the vehicle for me. I recommend him if you want a caring and helpful sale representative. He should be commended for going the extra mile for a customer. Overall I am extremely satisfied and would consider looking her again when I need ...
Professional and courteous sales staff enabled us to purchase our new vehicle stress-free. Thank you!