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Should I Buy or Lease?

When you're looking to get behind the wheel of a new luxury Mercedes-Benz, you might be asking what the best financial path is. Let's take a look at financing and leasing, so you know which is the right option for you.

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When you're looking to get behind the wheel of a new luxury Mercedes-Benz, you might be asking what the best financial path is. You'll often find the decision between a lease vs. buying depends on your wants, needs, and situation, as both offer their own benefits. Let's take a look at financing and leasing, so you know which is the right option for you before you visit Your Mercedes-Benz Dealer in North Haven, CT near Cheshire.

Financing

Benefits of Buying

  • No Mileage Restrictions: If you do a lot of traveling around the Glastonbury and Hartford areas, you may want to consider buying. Leased vehicles can come with mileage restrictions, which you won't have to worry about when you make a vehicle your own.
  • Total Ownership: When you purchase a vehicle, it's completely yours to do with as you will. No matter how you want to modify your vehicle, you're free to do so.
  • Customization: Want to make your new vehicle stand out among the crowd? When you own your vehicle, you can update it with Mercedes-Benz accessories, add new paint, and make it your dream car.
  • Ability to Sell: Since you're not locked into a lease agreement, you can choose to sell your vehicle at any time.
  • Financing Options: While leasing isn't a difficult process, car financing can be more straightforward and open to those without perfect, or great, credit scores. Buying also gives you the option down to the road of refinancing your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: While buying a new car is initially more expensive, it can become more affordable as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.
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Leasing

Benefits of Leasing

  • Lower Payments: Whether it's monthly payments or down payments, when you lease a vehicle, those costs will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. You may only have to pay tax on the amount you put forth for the down payment and for the monthly payments, depending on where you live.
  • Trade-Ins: When your lease agreement is over, you don't have to hassle with selling a vehicle. Instead, head to your local North Haven Mercedes-Benz dealership, return your leased vehicle, pay any fees, and pick your lease model to drive away in.
  • Great Coverage: Warranty coverage and maintenance are a breeze when leasing. Any issue that pops up will be covered under your warranty, as long as you don't go over the mileage limit.
  • Options: When leasing, you're able to rotate models every few years to keep the latest tech at your fingertips, from entertainment features to safety systems like PRESAFE®.

Explore Leasing and Financing Options at Your Mercedes-Benz Dealer in North Haven, CT

The decision on whether to lease vs. buying is a personal one which will be different for everyone. If you want to talk over your decision with a financial professional or help finding an SUV lease, the experts at the Your Mercedes-Benz Dealer in North Haven, CT finance center are here to help!

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Service Area

Serving Mercedes-Benz owners within 40 miles of North Haven.

Wherever you're driving in from, our service department is built to make the trip worth it — loaner vehicles, same-day turnarounds on most maintenance, and a shop that only works on one brand.

New Haven, CT

~5 mi

The closest major hub to our service bay — most New Haven Mercedes-Benz appointments are in and out same day.

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Hamden, CT

~4 mi

A quick drive down Washington Ave for Hamden Mercedes-Benz drivers needing Express Service or tire work.

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Wallingford, CT

~7 mi

Wallingford Mercedes-Benz owners rely on us for genuine-parts maintenance without the trip into a bigger city.

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Branford, CT

~9 mi

Shoreline Mercedes-Benz drivers from Branford get factory-trained Express Service without heading further into New Haven.

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East Haven, CT

~7 mi

A short trip up I-91 puts East Haven Mercedes-Benz owners in our service lane in under fifteen minutes.

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Meriden, CT

~12 mi

Meriden Mercedes-Benz drivers use our loaner program to make the trip down I-91 a non-issue on service day.

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Cheshire, CT

~9 mi

A direct shot down Route 10 for Cheshire Mercedes-Benz owners scheduling a quick Express visit.

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Milford, CT

~11 mi

Milford Mercedes-Benz owners along the I-95 corridor count on us for Express Service and collision repair.

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West Haven, CT

~8 mi

Close enough for a same-morning drop-off and shuttle back, no loaner needed for quick visits from West Haven Mercedes-Benz owners.

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Guilford, CT

~14 mi

Shoreline Guilford Mercedes-Benz drivers pair an Express visit with new and CPO inventory browsing.

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Derby, CT

~14 mi

Lower Naugatuck Valley Mercedes-Benz owners choose genuine-parts service over the closer independent shop.

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Ansonia, CT

~15 mi

Ansonia Mercedes-Benz drivers get the same factory-trained attention as our North Haven regulars.

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Shelton, CT

~16 mi

Shelton Mercedes-Benz owners along Route 8 use our online scheduler to lock in a bay before the trip over.

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Waterbury, CT

~20 mi

Waterbury and Naugatuck Valley Mercedes-Benz owners make the drive for our loaner fleet and Sprinter bay.

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Bridgeport, CT

~20 mi

Fairfield County Mercedes-Benz owners split between us and the coast — many choose North Haven for shorter wait times.

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Middletown, CT

~18 mi

Middlesex County Mercedes-Benz drivers pair a service appointment with a look at our current AMG® and GLE inventory.

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Your Mercedes-Benz Dealer in North Haven, CT 41.4215769, -72.8386389.