Should I Buy or Lease?

young couple getting keys at dealership

When you’re looking to get behind the wheel of a new Mercedes-Benz for your Clayton commutes, you might be wondering what the best financial path to take is. The answer is finding out what works best for you in terms of leasing vs. buying. Take a closer look at leasing vs. buying and you’ll find benefits to both. In the end, it’s important to consider your needs, what you can afford, and what you want. Let’s explore the benefits so you can decide if leasing or buying is in your best interest.

Benefits of Buying

  • No Mileage Restrictions: If you venture out farther than your Frontenac commute on a regular basis, buying may be your best bet. Without the mileage limits you get on a leased vehicle, you’re free to drive as much as you want.
  • Total Ownership: Buying a vehicle gives you the freedom that comes with having something completely yours. This means you’re free to do with the vehicle what you please. There are no restrictions on how it’s modified, decorated, etc.
  • Customization: Want to make your new vehicle stand out among the crowd? Buying rather than leasing allows you to make performance or design upgrades to create the vehicle you’ve dreamed of.
  • Ability to Sell: When you’re not locked into a lease agreement, you’re able to sell your vehicle at any time.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. Buying also allows you to refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Though buying a new car is more expensive initially, costs can lower over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: When you lease a vehicle, costs for down payments and monthly payments will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. You may only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of upgrading to your next vehicle is simple. Head to your local St. Louis dealership, pay any remaining fees and then pick out your next model.
  • Great Coverage: Maintenance is simple with a lease, as any issue that pops up under your warranty (as long as you don’t go over the mileage limit) is covered.
  • Options: If you enjoy having the most up-to-date tech, leasing allows you to upgrade your vehicle every few years so you always have the latest options at your fingertips. This will let you access the most advanced options by finding your ideal model and features.
2019 Mercedes-Benz C-Class Driving on Highway

Explore Leasing and Financing Options at Mercedes-Benz of St. Louis

When answering the question, “Should I lease or buy,” it’s important to remember the decision is based entirely on your personal needs and financial situation. What works for some might not work for others. Look over all of our Mercedes-Benz leasing and financing deals, and then head over to our dealership near Ladue to find your next vehicle. If you have more questions about leasing vs. financing or trading in a financed vehicle, contact the team at our finance center today! Be sure to check out our guide on how car financing works while you’re here!

New Mercedes-Benz Lease and Finance Offers

Mercedes-Benz of St. Louis 38.6300409, -90.2865099.