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Buying vs. Leasing – What’s the Difference?

Shopping for a new vehicle in the Scottsdale area? It’s likely that you’ll have some sort of budget you’re working with, which means that you probably won’t be paying for your car up front. Like most shoppers at Mercedes-Benz of North Scottsdale, you’ll need to choose between leasing or financing your next vehicle.

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Benefits of Buying

Many Mesa-area drivers choose to finance their vehicle. Financing your Mercedes-Benz offers a variety of benefits, including:

  • Ownership: Your monthly payments will help you build equity over time. Whenever you finish paying off your new vehicle (usually in increments of 36, 48, or 60 months) — you’ll own your car outright.
  • Customization: When you own your car, you’re free to make changes and customizations as you see fit. Feel free to add a custom paint job, put in a new stereo, or add on Mercedes-Benz performance parts.
2018 MB GLC 300 Interior
2018 MB AMG GLC 43 Exterior

Benefits of Leasing

If you don’t decide to finance your vehicle, you have the option to lease. A lease means you’ll borrow a car for a designated period of time with the option to purchase or return it when your terms are up. The advantages of leasing include:

  • Affordability: Leases generally have a lower down payment as well as lower monthly payments. This means you’re able to drive a nice vehicle while keeping your budget in mind.
  • Newest Features: Lease typically are available with shorter terms than financing plans — a lease usually lasts 24 or 36 months. Once your lease ends, you can simply bring it in and lease a new vehicle with the latest technologies and features (or pay off the rest of your current lease if you choose to buy).

Explore Your Finance Options at Mercedes-Benz of North Scottsdale

Which is the better option for your next car? Visit Mercedes-Benz of North Scottsdale to take a test drive and chat with our finance staff about the differences between financing and leasing. We want to help you find the best Mercedes-Benz lease special or finance offer for your next vehicle.

Contact us to learn more about car loan interest rates, or visit our showroom in Phoenix. Wondering if your car insurance covers hail damage? We can help with that, too. Don’t forget to check out our lineup of Airstream RV models!

New Inventory at Mercedes-Benz of North Scottsdale

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18530 North Scottsdale Rd • Phoenix, AZ 85054

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Mercedes-Benz of North Scottsdale 33.6524088, -111.926625.