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The difference between Leasing and Buying a new car 


Plaza Motor Company

11910 Olive Boulevard
Directions Creve Coeur, MO 63141

  • Sales: (314) 582-5294

We are the Mercedes-Benz Dealer Near You!

  1. Plaza Motor Company

    11910 Olive Boulevard
    Creve Coeur, MO 63141

    • Sales: (314) 582-5294
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Leasing Benefits

Upgrade during trade.

 Wanting the latest and greatest model of anything that is out is natural.  Leasing allows you to satisfy that want. If you enjoy having the latest features in technology and safety , newest models, or even the new trends, leasing usually proves to be a better option. Leasing allows for shorter payment terms, as well as the ability to often "trade up" at the end of your lease term.

Minimal to no maintenance out of pocket cost.

Many lease terms are match the life of the manufacturer's warranty. This way, if any repairs are needed they are typically covered by the warranty. Mercedes offers a standard 48 months/ 50,000 mile limited warranty, as well as extended limited warranties if you decide to purchase your vehicle at the end of the lease.

Lower monthly payment.

 Monthly lease payments tend to be lower than monthly loan payments due to only paying for the use of the car, not the entire vehicle. Often Plaza Mercedes-Benz has offers to lease a Mercedes-Benz with little or no money down which decreases the up front out of pocket cost.

Several options at lease end.

Leasing allows for a couple options when your lease is up. Choose to lease another Mercedes-Benz, or purchase the one you have grown to love at a much lower, no hassle pre-determined price. You can even, bring it in and walk out with out getting another vehicle or purchasing. This also enables you to avoid the hassle of selling or trading in your old car(running the risk of having negativity equity). Instead enjoy a simple process that allows options, including driving a new vehicle every few years. 

Leasing at Plaza Mercedes-Benz

Leasing programs at Plaza Mercedes-Benz gives you the freedom to change your vehicle every few years, often with monthly payments lower than a loan to purchase. Visit Plaza Mercedes-Benz for the best lease rates in Creve Coeur, North County, and St. Louis Metro Area. Continue reading for more information on the differences between buying and leasing your next Mercedes-Benz.  Leases and car loans are simply two alternate methods of vehicle financing. Leasing finances the the use of a vehicle, and buying finances the full purchase of a vehicle. There are pros and cons to both methods. Ultimately which one is more beneficial is dependent on your financial situation and personal preference. 

Financing Benefits - Choosing to Buy

Own it. Once your loan is paid off, you own your car plain and simple. You can love your Mercedes-Benz for as long or short as you want and it's all yours.

No Limits. Drive for an unlimited amount of miles with no penalty.  If you drive your car more than 12,000 - 15,000 miles per year the buying option is the preferable financing option. Leases typically have a per year mileage restriction outlined in the lease terms, and include a per mile fee for miles over the agreed mileage allowed.

Customization. If you like to modify, customize  or repaint, then buying a Mercedes-Benz is probably your best choice. These options are unavailable when leasing due to returning the vehicle at the end of the term. 

True Love. Do you get emotionally attached to your vehicles? No judgement here! We provide top quality and reliable vehicles that are easy to get attached to. You may prefer to purchase to avoid the separation anxiety.

Asset Retention. Retain your asset by purchasing your vehicle. If you decide to trade-in your vehicle, depending on if you are still making payments or not, you may have positive equity to put towards a new vehicle. However, you may find yourself with negative equity if you trade-in or resale before the vehicle is paid off, due to the general asset depreciation that occurs with all vehicles.

Get Info on More Specials on Leasing or Buying