Buy vs Lease At Crown Eurocars – Dublin, OH

Feb 29, 2016

Which is best for you – buying or leasing?

Serving Dublin, Columbus, Powell, Hilliard, Grove City, OH

A car comes with convenience. If you love luxury and performance, Mercedes-Benz is a great option that combines both of these factors into every car. However, before driving off in your new Mercedes-Benz, you’ll have to decide whether to buy or lease your vehicle. Here at Crown Eurocars Dublin, we help you make that decision by outlining some of the advantages and disadvantages of buying or leasing a car. We hope that this will help you in your decision making process.

Buying Your Mercedes-Benz

Advantages

When you purchase your Mercedes-Benz, you have the pride of ownership of your vehicle along with flexibility. When you buy your car, you remove any restrictions from leasing, such as mileage limits. You have the ability to sell or trade your Mercedes-Benz in whenever you want, whether it’s to upgrade to a new model or to lower monthly expenses.

Disadvantages

The initial upfront cost of buying a Mercedes-Benz, or any car, can be expensive. You need a substantial down payment amount to reduce you monthly payments. If you are financing, you may have to qualify for a larger loan amount. Cars depreciate in value and that starts the moment you drive off the dealership lot. While you do have initial manufacturer’s warranties in place, you will be responsible for any repairs and maintenance not covered by those and when they expire. You also will be paying for routine maintenance items as well.

Leasing Your Mercedes-Benz

Advantages

Leasing a Mercedes-Benz also comes with its own set of advantages. When you opt to lease, you enjoy lower monthly payments and usually are only required to pay a small amount up front as down payment. You have the freedom to upgrade to the newest model after your lease terms are up, usually 36 months, or purchase the vehicle. You don’t have to worry about many repair and maintenance costs, because many of them are covered by the terms of the lease warranty. All you have to do is being the vehicle in for the service when they are due.

Disadvantages

When leasing your vehicle, you don’t own it. You are restricted to the terms of agreement in your lease contract. These terms include caps on mileage usage. You will be charged for any miles over the cap amount at an agreed fee. Along with this, is possible excessive wear and tear charges that you may incur as well. At the end of you lease term you have the choice to purchase the vehicle or start a new lease. While this can be an advantage, it also can be a disadvantage because you will pay more in the end if you elect to purchase the vehicle. If you opt to start a new lease, you will be bound to continued monthly car payments for another 36 month, or however long, term.

Whichever option you elect for you next Mercedes-Benz, we have many financing options and promotions to offer. We will work hard to give you the best possible terms available for your purchase or lease. Visit our dealership or contact us for more information on what is currently available and stop buy our Mercedes-Benz dealership in Dublin to explore these options.

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