If you want to drive newer, safer, more reliable cars or SUVs, but not make a sizeable down payment every few years, and also don’t travel an excessive amount every year, then a new car lease should be the right choice for you. Leasing is intended for those who would prefer to avert the annoyance of selling and buying every time they want to upgrade to a new car.
Contrarily, if you prefer long term automotive relationships with a greater sense of commitment and ownership, then buying should be what’s best for you. Car-buying is typically best for consumers who won’t mind driving the same car or SUV for more than five years or even until the vehicle is no longer fit for the road.
Being aware of the pros, cons, and overall benefits of leasing vs buying a car or SUV is critical. Be sure to look at vehicle ownership, monthly payments, repair costs, and potential savings when calculating the best new car or SUV financing type for you.
When weighing the value of vehicle financing, new car or SUV ownership certainly comes with many well-known advantages, most associated with complete ownership of the car or SUV. You may not be aware, however, there are also a few great upsides of leasing, as well. It’s imperative to consider all financial aspects including depreciation, down payment, monthly payments, term length, buyout payments, interest rate, and maintenance & repair costs, before making a decision. A precise checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car.
Vehicle lease payments are oftentimes less expensive in comparison to auto loan and car financing payments as the typical lease offer is more-or-less renting with the option to purchase at the end of your lease term. Keep in mind when leasing that you will need a healthy credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the lowest rate auto loans. Although it might likely add to monthly payments, it is also smart to select a model with the features you need or want, as personal satisfaction is often priceless.
Auto leases often include regular vehicle maintenance & repair. It is important to keep this in mind when projecting monthly costs of leasing vs ownership. No matter which make and model you buy, mechanic bills are an unknown cost that can rapidly add up. And for those who are not certified mechanics with a full toolset and hydraulic jack in the garage, leasing might be the best option for peace of mind.
In general, a new car lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning full ownership of the value of the car or SUV at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For your best investment on a financed/purchased vehicle, you can pay it off quickly and also avoid excessive wear and mileage.
| Lease | Buy | |
| New Vehicles | Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Vehicle Customization | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
| APR % | Credit-Based | Credit-Based |
| Ownership | No Ownership | Pride of Ownership |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| Maintenance & Repair Costs | Typically Included | Not Included |
Mercedes-Benz of Georgetown knows that choosing the right Mercedes-Benz car and financing option is never easy. Our team of experienced Mercedes-Benz lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Georgetown, TX. We look forward to serving you.
Shop our new online inventory, stop by our showroom, or simply call us at 855-488-4052 and let our team of Mercedes-Benz leasing experts show you why Mercedes-Benz of Georgetown is where you should lease or buy your new Mercedes-Benz.
I had a great experience buying my gle with Georgetown Mercedes and also a great help from my sale rep she held it down for me to the fullest really appreciate it
WOW!!!! BEST Car Buying Experience Ever!I am still in awe about the amazing experience I just had while shopping for - and driving off with - my first Mercedes Benz.From the first online inquiry, to the pace in which the sales team would reach out once I sent my info (another dealership had called me 6 times during my busy workday), this was hands down the best team and environment I have ever experienced while shopping for a vehicle. Tabitha and Marco were amazing - I love working with great people!
I had such a great car buying experience here! Troy was so awesome and so helpful throughout the whole process. Definitely will be doing business here again, everyone was great!
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MPG Disclaimer: Based on model year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle. |
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Disclaimer:
* While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Please verify any information in question with Mercedes-Benz of Georgetown.
New vehicle pricing includes all offers. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (855) 338-0614 or by visiting us at the dealership.
**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 4.9% interest and 20% downpayment.
Base MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, preparation and documentary fees, tags, labor and installation charges, insurance, and optional equipment, products, packages and accessories. Options, model availability and actual dealer price may vary. See dealer for details, costs and terms.
^All vehicle prices are plus tax, title, plate and dealer fees. The advertised price does not include sales tax, vehicle registration fees, finance charges, documentation charges, and any other fees required by law. We attempt to update this inventory on a regular basis. However, there can be a delay between the sale of a vehicle and the update of the inventory. Pricing and availability of vehicles not currently in dealer inventory may vary based on a variety of factors, including but not limited to options, specials, and fees. You may not qualify for the offers, incentives, specials, or financing. Mercedes-Benz of Georgetown offers, incentives, specials, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. All advertised vehicles are subject to actual dealer availability. Certain vehicles listed may not be available. Prices exclude state tax, title, license, and document preparation fee. Vehicle option and pricing are subject to change. Prices include all dealer offers and dealer incentives. Please check with your dealer for more information. Images displayed may not be representative of the actual trim level of a vehicle. Colors shown are the most accurate representations available. However, due to the limitations of web and monitor color display, we cannot guarantee that the colors depicted will exactly match the color of the car. Information provided is believed accurate but all specifications, pricing, and availability must be confirmed in writing (directly) with the dealer to be binding. Neither the Dealer nor Dealer Inspire is responsible for any inaccuracies contained herein and by using this application you the customer acknowledge the foregoing and accept such terms. All vehicles priced as currently equipped. Price does not include any dealer added options that are installed after sale.
The EPA/DOE Fuel Economy Guide can be downloaded from the government’s fuel economy website at www.fueleconomy.gov.
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(855) 488-4052
Call Now7401 S IH 35 Frontage Rd • Georgetown, TX 78626
Get DirectionsOpen Today! Sales: 8:30am-6pm
Open Today! Service: 7:30am-6pm
Open Today! Parts: 7:30am-6pm
