Offered for both New and Pre-Owned vehicles up to eight model years old, the "unlimited kilometre" or Open-End lease [5] allows you to make a set number of monthly payments for a variety of monthly terms. At the end of an Open-End lease, you are responsible for the value of the vehicle. You may be required to make an additional payment to cover the difference between the actual value of the vehicle at lease end and the residual or lease-end value agreed upon at lease signing.
However, if the actual value of the vehicle is more than the value on your lease, then you are entitled to the difference.
Actual value refers to the net sale proceeds that Mercedes-Benz Financial Services receives upon disposition of the vehicle. This added obligation of an Open-End lease is offset by a lower monthly lease payment and the elimination of kilometrage restrictions!
Not available in the provinces of Quebec or British Columbia. Available for "walk-away" leases for a variety of monthly lease terms, this plan lets you make all of your monthly lease payments up front in one lump sum, instead of making a traditional monthly lease payment. We strive to make your Lease Return Process as efficient as possible.
The Mercedes-Benz Financial Services Lease Return Guide provides an overview of our vehicle condition guidelines in the event that you choose to return your vehicle. Please click on the link below to begin the step-by-step walk-through of the Lease Return Guide which provides information regarding excess wear and tear, excess kilometrage charges and a vehicle condition review checklist.
There are, in fact, more than a few auto leasing options available. In the most basic terms, vehicle leasing is the rental of a car for a fixed time period. Many car and truck dealers offer vehicle leasing as an alternative to traditional auto financing or purchase.
It is commonly used by companies when acquiring a company vehicle. In general, leasing costs less than buying a car, although there are several restrictions, such as vehicle mileage limits and non-customization agreements, that can determine whether it is better to lease or buy a vehicle. Do you drive a lot of miles annually? Do you like to keep your vehicle for a long time? If so, then car leasing might not be your best option. Basically, the difference between auto leasing or buying really comes down to your personal, automotive and financial priorities.
Also, it is worth mentioning that some owners find high mileage leasing to be more beneficial in terms of financial safety and security than vehicle ownership. Statistically speaking, despite the overage fees you may pay when returning a high mileage leased vehicle, it is likely that you will come out ahead, compared to buying a car.
Additionally, the more time you spend on the roads, the more susceptible to accidents you will be. With leasing, you are not responsible for the deduction in value from that accident.
These benefits include lower payments, maintenance provisions, and avoiding having to trade-in or sell your old vehicle. Foreven more details on the benefits of leasing, our car finance department is ready to answer all of your questions.
Many manufacturers and dealerships offer zero-down lease offers. Of course, there are varying factors that qualify or disqualify individuals from these types of leases. Factors like credit scores, credit payment history, etc. Under the Certified Pre-Owned Limited Warranty any authorized Mercedes-Benz dealer will make the necessary repairs or replacements to correct defects in material or workmanship.
Components that are covered include, but are not limited to:. For additional details, contact your local Mercedes-Benz dealer. Disclaimer [4]. A simple phone call summons help if you need a jump-start, tire change, or if you run out of fuel.
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Might you know if a A-Class leases well? There is usually 0 negotiating power on CPOs demos have negotiating power. Have you searched the forum at all for A Class? There was a doozy of a thread on it.
Wow - thank you. Glad I know this now. So my focus should be on demos. How about loaners?
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