Some people may tell you that leasing is the better choice, while others will tell you to buy your next car. The truth is that there is no one right answer. Whether it’s better for you to lease or buy your next Mercedes-Benz depends on a variety of factors. This guide will help you determine which of these two options is better for you.
How Often Do You Drive?
If you drive a lot, you might be better off buying a Mercedes-Benz. This is because leased Mercedes-Benz vehicles have an upper annual mileage limit, and exceeding that amount will cost you extra. Buying a Mercedes-Benz means you will be able to drive it as much as you want, and even customize it if you like.
How Long Do You Typically Keep Your Cars?
Some people love having a new car every couple of years. Those people are much better off leasing rather than buying. With a leased Mercedes-Benz, all you have to do is drive it back to the dealership after the lease is up, sign a new lease, and then drive away in a brand new car. But if you prefer to keep your cars for a long time, you are probably better off buying a Mercedes-Benz instead. In the long run, if you keep your purchased Mercedes for many years, you’ll be able to save money.
Is Monthly Cash Flow Particularly Valuable to You?
Leasing a new Mercedes-Benz typically means your monthly car payments are lower than those that come with financing the same Mercedes. Additionally, when you lease a new Mercedes, there’s less of a chance that you will have to take your Mercedes to the shop to get it repaired. If you don’t mind shelling out more money per month, however, you will be rid of car payments at the end of your financing term.
To discuss the benefits and drawbacks of leasing and buying a new Mercedes in greater detail, come to Mercedes-Benz of Encino today. If you have any questions, give us a call at (888) 851-6170.