Leasing vs Buying at Mercedes-Benz of Southampton

At Mercedes-Benz of Southampton, we want to do everything we can to make your car shopping process as simple and anxiety-free as possible. People often get the most stressed when approaching the topic of financing, so the team over at our Mercedes-Benz finance center near Long Island will be happy to go over your options, including whether leasing or buying is right for you.

Advantages of Leasing

When you lease, there’s no commitment to make a purchase or to pay the full cost of the car. Instead, you are only responsible for a portion of the cost of the car, resulting in lower monthly payments and a lower down payment. The lease agreement essentially works like a long-term rental, with payments being made so you can drive the car for a set period of time, typically 36 months. This makes it easier to get access to the most up to date technology and the smooth driving that comes with a new car purchase.

Advantages of Buying

If your plan is to build equity in your car buying owning it outright and taking care of it, then buying is the choice for you. When you buy, you are responsible for the full cost of the car, but you only pay until the finance term is over, then the car is all yours. You can sell it later on and add aftermarket features if you want, which you can’t do under a lease. You also aren’t limited by a mileage cap, which is typical of a lease agreement. So if you want the freedom of having ownership of the car and driving as much as you want, then buying is the clear choice.

Visit or contact our Mercedes-Benz dealer near Long Island, NY today to learn more about financing options for you.

Categories: Finance

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