Should I Lease or Finance My New Car?
Once you’ve found your perfect new Mercedes-Benz, most customers are faced with a big decision: Should I lease or finance my car? Few people are in the position to pay for a new car outright, so they’ll need to choose between the two. Leasing and financing a new vehicle both pose unique advantages, and each one will work for a different type of buyer. Find out which one is best for you here, and then get your next luxury vehicle at Mercedes-Benz of El Dorado Hills.
When you lease a Mercedes-Benz vehicle, you pay a dealership a monthly, contracted fee to drive the vehicle for a pre-determined amount of time. Once the lease terms are up, you return the car to the dealership. You won’t have any equity in the vehicle, but you’ll enjoy the following advantages:
Leases usually require smaller down payments than loans, saving you money up front.
Leasing a car eliminates the hassle of selling it after the lease term is up. Simply return the vehicle to Mercedes-Benz of El Dorado Hills.
While that might work for a large number of drivers, others might be more interested in financing.
Financing a new Mercedes-Benz can be a great choice for customers who want to keep their next car for more than a few years. Check out the following advantages before you make your decision:
For each payment you make, you’ll be gaining more equity in the vehicle, and when it’s paid off entirely you own the vehicle outright. This can be great when you want to trade in your vehicle for a down payment on a new model, or just to eliminate car payments from your budget for a while.
You won’t have to worry about driving limits on the vehicle and can drive it for as many miles as you want.
When you finance your vehicle, you’re free to customize it any way you want, from paint jobs to performance work and custom stereos.
Whichever one you choose, be sure to visit Mercedes-Benz of El Dorado Hills if you have any questions.
Enjoy Easy Leasing or Financing Today!
The finance department at Mercedes-Benz of El Dorado Hills is happy to talk with you about your options and help you decide which is best for you. Our flexible financing and lease terms are designed to meet the needs of a wide range of customers, and our team is happy to work with you on a custom package. Visit our showroom at 1000 Mercedes Lane in El Dorado Hills, CA to see us in person, or contact us today at 888.411.4120.