Should I Buy or Lease?

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When it comes to finding your next vehicle, it’s more than about picking the model. You’ll also need to ask yourself questions like, “Should I buy or lease?” Both have their perks, and it depends on your finances and situation, which is the best option for your life in Westlake. For more information on whether to lease vs. buying, review our guide below, and then speak with a professional at the Mercedes-Benz of North Olmsted finance department.

Lease vs. Buying: Why Lease?

  • Smaller Payments: From a decreased down payment to a lower monthly payment, you can expect payments to be smaller when you lease. 
  • Lower Sales Tax: For the majority of states, leasing a vehicle lowers the sales tax drastically.
  • End of Lease Returns: Trading-in your leased vehicle is simple. Visit your dealership, pay any fees, and then pick a new lease.
  • Warranty Coverage: Mechanical issues and maintenance won’t be a concern when leasing. As long as you’re under your mileage, the warranty covers your vehicle maintenance costs.
  • Options: When you lease, you’re getting the newest models and features, which means you’ll have plenty of options for your next Mercedes-Benz.

Lease vs. Buying: Why Buy?

  • No Mileage Limits: Frequent road trips or a long commute could end up putting you over-the-lease mileage restrictions, which could cost you at the end of your lease. 
  • Total Ownership: With full ownership of your vehicle, you’re able to sell at any point, as well as make any changes to your vehicle that you want.
  • Customization: You can set your vehicle apart from the rest on the Cleveland and Westlake streets by customizing its look.
  • Financing Options: Leasing isn’t overly complicated, but the financing process is more straightforward and offers more wiggle room for buyers with less than perfect credit.
  • Lower Cost Over Time: Initially, buying can cost you more. However, over time, the cost to own your car will drop.

See Your Leasing & Financing Options at Mercedes-Benz of North Olmsted

Need more help in deciding to lease vs. buying? Our finance representatives can sit down with you to talk through your specific situation. Contact us today to set up an appointment or start exploring our vehicle inventory online!

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(833) 969-0624

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28450 Lorain Rd • North Olmsted, OH 44070

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Open Today! Sales: 9am-7pm

Open Today! Service: 8am-6pm

Mercedes-Benz of North Olmsted 41.4103091, -81.9371326.