Here at Mercedes-Benz of Orange Park, we make it easy to find the perfect luxury car. Once you’ve found it, you have another decision to make: do you buy it or do you lease it? Here’s a look at what you can expect from the leasing process and what you need to do to drive off in a new Mercedes-Benz vehicle.
At first, leasing may seem like it’s just like buying a car. You make a payment when you sign on the dotted line and then you make monthly payments for your new Mercedes-Benz vehicle. The similarities essentially end there though.
A lease usually lasts less than a typical loan term does—usually two to four years. During this time, you’re only responsible for paying toward the depreciation value of the vehicle, rather than the entire sticker price. This often results in lower monthly payments when compared to buying. A lot of the time, the down payment is also less than if you were to purchase.
One thing to remember about leases is that many limit how much you can drive. A limit of 12,000 miles per year is common. That means that you need to evaluate your driving needs to see if that restriction works from you. Going over the allotted mileage can cost you extra money.
When your lease is finished, you simply bring your car back to the dealership. From there, you can lease another vehicle or purchase your current leased one. Either way, our friendly Mercedes-Benz dealers are here to assist you.
When you’re ready to lease, visit our Mercedes-Benz dealership near St. Augustine, FL. Our Mercedes-Benz financing experts and knowledgeable dealers are ready to help you. We hope to see you soon for a test drive!