Buying vs. Leasing: Which Should You Choose?

Buying vs. Leasing:Which Should You Choose?

Deciding whether to buy or lease can be tricky. While buying your next car gives you the freedom to do whatever you want with it, leasing makes it much easier to have a vehicle with the latest bells and whistles. As most drivers shopping for a new ride around West Bloomfield will come to find, there are several factors to consider. So when you’re looking at new vehicles for sale, it’s worth diving into the details about whether you’re better off financing or leasing.

Benefits of Leasing

When you choose to lease, you are essentially borrowing your Mercedes-Benz model for a predetermined period of time. When the lease term is up, you can return the vehicle, and in some cases you might have the option of buying it outright. Some of the advantages of leasing include:

  • Cost – Leasing a vehicle usually requires a smaller down payment and a lower monthly payment than purchasing one. With a lower down-payment, you may be able to get the car you want at a more approachable price.
  • The Latest Features – Most leases last 24 or 36 months. When your lease ends, you can return the vehicle and swap it out for an even newer version

Benefits of Buying

Birmingham drivers may find that financing their next Mercedes-Benz will work better for them than leasing. Some of the advantages include:

  • You Own It – You’re building equity with each payment you make. Whether your loan lasts 36, 48, or 60 months, you’ll own the car at the end of it.
  • Customize – Since you’ll own the car, you can make whatever modifications you please. Want a new paint job or stereo system? When you buy, you can do that!

Explore Your Options at Mercedes-Benz of Bloomfield Hills Near Southfield

Whether it’s better to buy vs. lease will depend on your circumstances, but we’re here to help. If you’re wondering how your credit score tires in, or if you can lease a used car, learn more from our experts. Drop by Mercedes-Benz of Bloomfield Hills to take a test drive and discuss your options with our finance team. Contact us today to learn more, if you have questions about where to get a car loan, or simply visit our dealership in Bloomfield Hills.

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36600 Woodward Avenue • Bloomfield Hills, MI 48304

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Mercedes-Benz of Bloomfield Hills 42.557334, -83.22114.