The Benefits of Leasing
Leasing is similar to financing the purchase of the car in many ways, but there are some key differences.
When leasing a Mercedes-Benz at Mercedes-Benz of Ontario you may be able to get more car for less money by leasing. That’s because a car loan is based on the full price of a new car, while a lease is based on only a percentage of the car’s price. At Mercedes-Benz of Ontario we will customize a program to fit your specific needs.
If you only have a small down payment saved up, leasing may also be better for you. Many car leases require anywhere from $0 to several thousand dollars up front, though the down payment is negotiable.
Many leases last up to four years, which is typically the length of our new car manufacturer warranty of 4 years or 50,000 miles. That means the car is usually covered under warranty for repairs for the duration of the lease. You will still be required to maintain the car, though, which includes oil changes*, tire rotations and recommended maintenance from the manufacturer. Failure to properly maintain the car during the lease can result in fees when you turn the car in at the end of the lease. Inquire today about our pre-paid maintenance services.
If you enjoy having the newest high-tech features, leasing could be the better choice for you. Since you’d be leasing every few years, each new car you lease will have the latest and greatest technology and safety features.
With a leased car, you don’t have to worry about selling the car or getting a good price for your trade-in. When the lease is up, you can simply turn in the car and walk away.