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Payments
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Monthly payments are usually lower than the standard Finance option |
Monthly payments are higher compared to other options |
By far the lowest monthly payments of any option |
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Locked into making payments for the duration of the lease - no option of paying it off early |
You're not locked into a fixed ownership period |
The entire amount is not paid off over the life of the loan, so the remaining balance is due in one large lump sum to the lender |
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Costs
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Lower out-of-pocket costs to acquire the vehicle |
Down payment is always greater than on a lease |
Down payment can exceed the usual $15,000 limit set by MBUSA Financial |
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Insurance premiums are usually higher for a leased vehicle |
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If vehicle is driven over specified number of miles, you are charged an extra fee per mile |
No mileage penalties |
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A lease may have tax advantages if the vehicle is used for business purposes |
Good for drivers interested in tax depreciation |
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Ownership
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You essentially pay for portion of the vehicle used over the payment term |
Once all payments have been made, you will own the vehicle |
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At end of lease, you can either buy the vehicle outright, or turn it in and enter into another lease for a new Mercedes-Benz |
Vehicle can be sold at any time, under any terms |
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