If you prefer to drive newer, safer, more reliable vehicles, prefer not to pay a considerable down payment every 3-4 years, and also do not drive an excessive amount every year, then a new car lease could be the right choice for you. Leasing is intended for those who prefer to escape the hassle of buying and selling every time they want to get into a new vehicle.
Contrarily, if you like long term relationships with a larger sense of ownership and commitment, then buying may be what’s ideal for you. Car-buying is typically best for those who do not mind driving the same car for more than five years or even until it is no longer suitable for the road.
Knowing the pros, cons, and overall benefits of leasing vs buying a vehicle is important. Be sure to look at potential savings, vehicle ownership, monthly payments, and repair costs when considering the best new car or SUV financing type for you.
When considering vehicle financing, new car ownership absolutely comes with many well-known advantages, most associated with complete ownership of the car or SUV. You may not realize, but, there are also a few great upsides of leasing, as well. It’s imperative to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A careful study of your current financial situation, future needs, and your preference for commitment will likely ensure that you make the ideal choice between leasing and buying a new car or SUV.
Car lease payments are often less expensive compared to auto loan and car financing payments as the standard lease offer is more-or-less renting with the option to buy out at the end of your lease term. Consider when leasing that you’ll need a nice credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the lowest rate auto loans. Although it can increase monthly payments, it’s also better to get a model with the features you need or want, as personal satisfaction is often priceless.
Auto leasing often includes regular vehicle maintenance & repair. It is important to remember this when projecting monthly costs of ownership vs leasing. No matter what make and model you choose, mechanic bills are an unpredictable cost that can quickly add up. And for those who aren’t certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing may be the best option for peace of mind.
Generally speaking, a new car or SUV lease saves money in the short term with lower monthly payments, while buying gets you a long term investment, meaning absolute ownership of the value of the car or SUV at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.
| Lease | Buy | |
| Ownership | No Ownership | Pride of Ownership |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Maintenance & Repair Costs | Typically Included | Not Included |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| APR % | Credit-Based | Credit-Based |
| New Vehicles | Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Vehicle Customization | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
Mercedes-Benz of Clear Lake knows that choosing the right Mercedes-Benz car and financing option is never easy. Our team of experienced Mercedes-Benz lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership located near Houston, TX. We look forward to serving you.
Before visiting one of our many dealerships and speaking with one of our certified agents, make sure that you do your research and come prepared with a list of questions so that we can get you into the driver’s seat as soon as possible.
Shop our new online inventory, stop by our showroom, or simply call us at 855-720-4196 and let our team of Mercedes-Benz leasing experts show you why Mercedes-Benz of Clear Lake is where you should lease or buy your new Mercedes-Benz.
Eric Nguyen really made us fell welcome and he is an honest service assistant/technician. Thank you very much. I am so relieved that my car problems are solved.
Stephen was helpful and gave great advice. New facilities are spotless! Enjoyed the drive up and drive in service. No more standing in the heat.
Had my GLB250 in for a repair of the left front wheel due to bumping a curb. The repair was excellent. Looks like the damage never happened. MB personnel were courteous and efficient.
My service adviser, Trent Pham, was very professional and extremely helpful. He made me feel appreciated. I would recommend him to anyone needing Mercedes service.
I had an intermittent service issue where my tire pressure sensor wouldn't connect and showed 92psi. They troubleshoot the problem quickly and I'm going back next month to have it fixed.
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147 Matching Vehicles
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MPG Disclaimer: Based on model year EPA mileage ratings. Use for comparison purposes only. Your actual mileage will vary depending on how you drive and maintain your vehicle. |
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Disclaimer:
* While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Please verify any information in question with Mercedes-Benz of Clear Lake.
New vehicle pricing includes all offers. Tax, Title and Tags not included in vehicle prices shown and must be paid by the purchaser. While great effort is made to ensure the accuracy of the information on this site, errors do occur so please verify information with a customer service rep. This is easily done by calling us at (281) 554-9100 or by visiting us at the dealership.
Base MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, preparation and documentary fees, tags, labor and installation charges, insurance, and optional equipment, products, packages and accessories. Options, model availability and actual dealer price may vary. See dealer for details, costs and terms.
**With approved credit. Terms may vary. Monthly payments are only estimates derived from the vehicle price with a 72 month term, 4.9% interest and 20% downpayment.
^All vehicle prices are plus tax, title, plate and dealer fees. The advertised price does not include sales tax, vehicle registration fees, finance charges, documentation charges, and any other fees required by law. We attempt to update this inventory on a regular basis. However, there can be a delay between the sale of a vehicle and the update of the inventory. Pricing and availability of vehicles not currently in dealer inventory may vary based on a variety of factors, including but not limited to options, specials, and fees. You may not qualify for the offers, incentives, specials, or financing. Mercedes-Benz of Clear Lake offers, incentives, specials, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. All advertised vehicles are subject to actual dealer availability. Certain vehicles listed may not be available. Prices exclude state tax, title, license, and document preparation fee. Vehicle option and pricing are subject to change. Prices include all dealer offers and dealer incentives. Please check with your dealer for more information. Images displayed may not be representative of the actual trim level of a vehicle. Colors shown are the most accurate representations available. However, due to the limitations of web and monitor color display, we cannot guarantee that the colors depicted will exactly match the color of the car. Information provided is believed accurate but all specifications, pricing, and availability must be confirmed in writing (directly) with the dealer to be binding. Neither the Dealer nor Dealer Inspire is responsible for any inaccuracies contained herein and by using this application you the customer acknowledge the foregoing and accept such terms. All vehicles priced as currently equipped. Price does not include any dealer added options that are installed after sale.
The EPA/DOE Fuel Economy Guide can be downloaded from the government’s fuel economy website at www.fueleconomy.gov.
(281) 554-9100
Call Now15951 Gulf Fwy • Webster, TX 77598
Get DirectionsOpen Today! Sales: 9am-7:30pm
Open Today! Service: 7am-6pm
Open Today! Parts: 7am-6pm
