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Lease vs. Finance

Lease vs. Finance

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If you’re deciding whether to lease vs. finance a car, it’s important to note that there are pros and cons to both options. Below, our team at Mercedes-Benz of Chicago has broken down the differences between leasing and financing to help Chicago drivers decide whether they should lease or finance their new Mercedes-Benz.

Leasing a Mercedes-Benz

Leasing a car has become a popular option in recent years, due to the many unique advantages this alternative to financing offers. One of those advantages is lower monthly payments. Wondering, “How much is it to lease a Mercedes-Benz?” You can use our easy-to-use online payment calculator to calculate your monthly rates. When you lease a Mercedes-Benz, you’ll also enjoy the following benefits:

There are also a few things to consider when you lease, including:

  • Mileage limits
  • You won’t own the car when the lease ends
  • Possible wear and tear charges
E 300 Interior
GLC Driving

Buying a Mercedes-Benz

Although leasing allows for lower monthly payments, when you opt to finance a new Mercedes-Benz, one benefit you’ll enjoy is saving money in the long run. One of our experts at Mercedes-Benz of Chicago can help you figure out the Mercedes-Benz finance rates over the long term when you’re in the market for your next vehicle. There are many other pros to buying your next luxury vehicle, such as:

  • No mileage limit — you can drive the car as long as you want
  • Ability to sell the car when you want
  • Ability to customize your vehicle

Possible disadvantages to owning a car include:

  • The potential for higher repair costs
  • Your monthly car payments are generally higher
  • High depreciation, especially when you buy new

Lease or Buy Your Next Mercedes-Benz at Mercedes-Benz of Chicago

Whether you’ve decided on a Mercedes-Benz lease or to finance a Mercedes-Benz model, one thing is for sure — no matter what, you’ll get a luxury vehicle with an expertly-crafted cabin and high-end performance features. Contact us to learn more about our Mercedes-Benz lease specials and finance specials. Our team can help you figure out whether leasing or buying is the right choice for you!

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Chicago, IL 60642
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