Leasing at Mercedes-Benz of Tyler

Now more than ever, luxury car shoppers have found that leasing a new vehicle can offer significant savings over buying a new one. This trend to leasing over buying isn’t new. Instead, it’s the result of dealerships like Mercedes-Benz of Tyler offering exceptional lease programs. These programs provide flexible arrangements with shorter commitments that you don’t find with a traditional auto loan.

Despite the growing popularity of leasing, many myths continue circulating that confuse the pros and cons of leasing a vehicle. People offer their opinions that aren’t always based on fact. The savvy shoppers know this. Your needs, budget, and credit typically drive your decision when choosing a vehicle to lease. Therefore, we’ve put together this guide to help you better understand the leasing process.

What Is a Lease?

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In general terms, a lease represents the legal agreement that grants a person or persons temporary use of an item. Everyday items that can be leased include furniture, apartments, homes, and of course, cars.

When leasing a vehicle, you agree to make monthly payments to a dealership in exchange for the use of a car. Leases have inclusions that require regular maintenance, set mileage limits, and insurance to protect the dealership in the event of an accident. They also include a clause that charges you for miles driven over the allotted amount. Leases vary in length but generally run from two to four years.

Advantages to Leasing

The short-term commitment of a lease offers drivers the flexibility to trade their vehicle in after the term expires, often going with another lease on a brand new model. If driving a new Mercedes-Benz loaded with the latest technology and luxury appointments appeals to you, then a lease might be the best choice. In addition, a lease gives you a brand new vehicle with no wear and tear to the engine or the interior.

When buying a vehicle with credit, auto loans run anywhere from three years up to seven years. That kind of financial commitment can strain budgets, especially if your financial or work situation changes suddenly. Of course, you can always trade-in a vehicle before you’ve paid it off, but owners often find themselves upside down on their loan.

Getting upside down on a loan means you owe more than the value of the car. While it doesn’t prevent you from trading in your vehicle for a new model, you may be required to pay the difference before doing so. Some dealerships will wrap that difference into the new auto loan, but this only puts you upside down on your new loan immediately.

You’re never upside down on your lease because you signed a temporary agreement. When your lease expires, you return the vehicle. At Mercedes-Benz of Tyler, we offer special incentives to our leasing customers who opt to lease again, making leasing even more appealing. Also, if you happen to fall in love with your leased vehicle, you always have the option to buy the car at the end of the lease term.

The Leasing Process Explained

Mercedes-Benz of Tyler’s leasing program provides options on vehicles, terms, and rates. We invite you to browse our lease deals online to explore the various offers. Some shoppers prefer finding the car first, then exploring lease options. In that case, you can search our new inventory online to find the perfect vehicle. Once you’ve selected your Mercedes-Benz, you can contact our finance team to inquire about leasing your selection.

Our finance managers are highly skilled in creating lease deals to fit almost any budget. When you sit down with one of our experts, they’ll review your vehicle needs and discuss your financial goals. Then, after gaining a complete understanding of your situation, they will put together a package to meet your goals.

Things to Consider When Leasing

Most shoppers consider their monthly payments to be the most important factor in leasing a vehicle. This consideration makes sense, as your lease payment must fit into your monthly budget. Many leases require money due at signing. The amount varies depending on the vehicle and deal. We encourage you to discuss these numbers with one of our financial managers before you settle on a car to lease.

After the monthly payment, many people who lease want a favorable lease term. Your lease term represents the time you commit to leasing the vehicle. Lease terms vary from two to four years. Mercedes-Benz of Tyler offers nationally supported lease deals at 36 months. However, we can construct a shorter or longer-term lease through our local finance department.

Why Lease With Mercedes-Benz of Tyler?

At Mercedes-Benz of Tyler, we understand what luxury car owners want. That’s why we stock an expansive inventory of Mercedes-Benz vehicles. Your new Mercedes-Benz will have the latest in-vehicle technology, cutting-edge driver-assist systems, and an impressive powertrain. In addition, you’ll enjoy the refined and sophisticated interior you deserve.

Our commitment to our customers doesn’t end after you sign your lease. Mercedes-Benz of Tyler has a state-of-the-art service center ready to handle your routine service and maintenance requirements in support of your lease. In addition, we use the most advanced diagnostic and repair tools to identify and fix any issue you might have with your Mercedes-Benz.

Our service center technicians receive ongoing training to remain updated on the latest service and repair practices. So when you have your Mercedes-Benz serviced with us, you’ll know your vehicle’s service was performed to the precise manufacturer specifications.

Also, we only use OEM parts for all of our services and repairs. We use OEM parts because these parts were made by the same manufacturer and to the same precise standards as the original part installed in your Mercedes-Benz. As a result, we know OEM parts will fit correctly and work properly, just like when your vehicle rolled off the assembly line.

If you’re ready to elevate your Tyler commute with a new Mercedes-Benz, we invite you to explore our lease deals online. For a more personalized experience, you can stop by our dealership on Professional Drive at any time. One of our friendly, professional finance managers will review your needs and budget. Then, you’ll receive a detailed explanation of the different lease options available, allowing you to decide which deal makes the most sense for you.