If you’re looking at a car and don’t know the difference between leasing and buying, there are several things to consider in the process of buying your car. Leasing vs. buying gives various advantages to each side, but you can only choose one. Choosing between a lease vs. finance plan means you need to act smart as a Larchmont driver. We’ll help you through the decision! Mercedes-Benz of New Rochelle is committed to your car buying needs and we’d be happy to help no matter what kind of life you lead.
If you choose to lease in Mamaroneck, you will essentially rent a vehicle for a temporary term. In general, it’ll be three years. Because leases only charge the value lost from driving the vehicle, you’ll have a smaller monthly payment. In addition, you won’t have to make as large a down payment. What else do you get?
If you finance, you’ll be able to chip away at the full value of your car. After you pay off the loan, you’ll own the model outright. You can even modify or sell the car later down the road. Financing is more cost-effective over the long-term, but it’s also a big commitment. You will make larger monthly payments, put more money down, and pay more sales tax, but you’re building equity. Benefits include:
If you have more questions about a lease vs. finance plan and which is better for you, we can help at Mercedes-Benz of New Rochelle! Leasing vs. buying is a common topic at our finance center, and we’ll help you out no matter which you pick. Contact us today to learn more.
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