Many of you get confused while buying a new car or leasing it. Here in this small write-up we shall compare both these options, so that you can make your decision. While buying you have to pay full cost of the car either by paying upfront or by financing the car. However, when you lease any car then you have to use it for certain period of time. Therefore, you have to pay certain amount every month till you are driving the car.

Let us see what happens when you decide to buy Mercedes-Benz latest models from the dealer.

  • Benefit

If you buy any new car, then it will be one of your best investments. If you take proper care of the car then you can run it for many years and then sell it to buy another new car. You are free to drive it wherever you like and customize it according to your needs.

  • Who is owner

You become the sole owner of the car after paying total amount of its cost or by paying with the help of loan and then continue to pay installment of the loan with interest. In case you fail to pay monthly installment then the financer may take the possession of the car.

  • Up-front cost

If you are financing your car then certain amount you need to pay upfront and balance will be paid as monthly installments. You can also offer your old car so that you may get some reduction in your up-front payment.

  • Future value

The value of the car will depreciate as soon as you drive it out from your dealership, however if you main the car well then you can get good value too.

  • End of payment

As soon as you pay the loan amount with interest, the financier will release your lien and you become full owner.

Now let us see the lease option under same parameter.

  • Benefit

You have to pay only certain percentage of the car and drive away your dream car. You need not look for customer as the dealer will take it back after the lease period.

  • Ownership

The dealership from whom you are leasing remains with the owner.

  • Up-front cost

You need not make any down payment however you will be required to pay certain security deposit and acquisition fee along with monthly payment.

  • Future value

Since you are not the owner, it will be the dealer’s responsibility.

  • End of payment

After the lease ends you may either return the car or prefer to buy it.

 

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