Should I Buy or Lease?

Buy or Lease?

Not sure if leasing vs. buying is the best financial path to take for your next Mercedes-Benz? The answer is finding out what works best for you! There are benefits of leasing vs. buying a car, but think about what your needs are, what you can afford, and what you want. Let’s take a look at both so you can make the best decision for your personal circumstances with Mercedes-Benz of Beaverton.

 

Benefits of Buying

  • No Mileage Restrictions: If you find yourself frequently taking road trips or driving beyond Happy Valley for work, buying could be your best option. Leased vehicles come with mileage limits and unless you discuss buying extra miles on a lease ahead of time, buying will give you more freedom.
  • Total Ownership: Buying a vehicle means it’s yours completely and you’re free to do with it as 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 the upgrades you’re seeking. Create the car of your dreams without restriction.
  • Ability to Sell: When you own a vehicle, you can opt to sell it whenever you choose.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without great credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Though buying a new car is more expensive in the initial period, costs lower as you get closer to 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, such as down payments and monthly payments, will be much lower than if you were to buy.
  • Less Sales Tax: In many states, leasing comes with lower sales tax. In some areas, you only have to pay tax on the amount you put down for the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is easy. Simply head to your local Portland dealership, settle any remaining fees, and drive away in your next vehicle of choice. Or, if you want to purchase your vehicle, discuss a lease with option to buy contract when picking out your vehicle.
  • Great Coverage: As long as you don’t go over the mileage limits, warranty coverage and maintenance is easy with a lease because issues that spring up under your warranty are covered.
  • Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. With all our leasing options, you’ll have plenty of opportunities to find the right vehicle and features for you!

Explore Leasing and Financing Options at Mercedes-Benz of Beaverton

Whatever option you choose, make sure your decision is based on your personal needs and financial situation. What works for some drivers might not be the best solution for others. Peruse our leasing and financing deals, and head over to our dealership near Portland and Hillsboro to find your new Mercedes-Benz. Still have questions about leasing? Contact us today and experience the Mercedes-Benz of Beaverton difference!

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9275 SW Canyon Road • Portland, OR 97225

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Mercedes-Benz of Beaverton 45.4958185, -122.7726947.