Buying Vs. Leasing
Buy Vs. Lease
Decide What’s Best For You
When it comes to buying or leasing a car, the options can be confusing. To help you make an informed decision, we’ve provided the information below. Be sure to visit the Finance Center to learn about financing options for your new Mercedes-Benz and check out the specials page to see the different lease offers.
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Buying
You own the vehicle and keep it as long as you want.
Leasing
You don’t own the vehicle, only use it for a set time and mileage limit.
Buying
Down payments range from zero to several thousand dollars, plus fees.
Leasing
Similar to buying, down payments can vary widely along with fees.
Buying
Can be higher than lease payments, but does allow you to gain equity in the vehicle.
Leasing
Monthly payments can be lower with a lease payment, because the bulk of payments are covering depreciation.
Buying
If you are financing, there can be a down payment ranging from zero to several thousand dollars plus other fees.
Leasing
Down payments can range from zero to several thousand dollars, plus other fees.
Buying
There are no mileage limitations, keeping in mind the higher the mileage, the less value it will retain.
Leasing
Leases have language that limits the number of miles allowed during the lease term. Going over this number will result in additional fees.
Buying
When you are ready to move on, once payments are finished you can either sell your car or trade it in on another, again depending on if there is a balance owed.
Leasing
When your lease is up, you turn the car in, you walk away, start over with another vehicle, or if you like your vehicle you have the option of financing it.
Approaching the End of Your Lease?
Mercedes-Benz of Mishawaka can handle your lease return at our Mercedes-Benz dealership. No matter where you originally leased your Mercedes-Benz, you can return your vehicle to our Mercedes-Benz of Mishawaka dealership at lease-end.
Not ready to say goodbye? You don’t have to because you’ve got options! Whether you are looking to lease, return, or purchase the current Mercedes-Benz you are in, our certified Mercedes-Benz Salesmen are here to help you make the best decision. Be sure to check out our Dealership Specials if you do decide to lease.
Options
When your lease is complete, simply return the vehicle to Mercedes-Benz of Mishawaka. Our Mercedes-Benz Certified Sales Staff will be more than happy to show you the latest models and discuss additional options you may consider. Once you make your decision, our finance center will help you get the financing options available. If you consider buying a used car, then we invite you to look through our used car inventory. Simply contact Mercedes-Benz of Mishawaka for more information.
Mercedes-Benz of Mishawaka, located in Mishawaka, IN, is your premier lease turn-in dealership. Whether you leased your vehicle from us or from any other dealership, we will be more than happy to assist you in turning in your current Mercedes-Benz. You will be responsible for paying any mileage overages or excessive wear and damage, but we’ll help you out on your next lease on how to go about avoiding those overages and extra fees.
If you have grown to love your current leased Mercedes-Benz, then buying your lease is the best option for you! Not only will you get to keep the vehicle you love to drive; you won’t have to worry about any end-of-term obligations and fees.