Mercedes: Owning vs leasing

Car leasing is something that has become popular among corporate companies these days. This saves a lot of money for them in the form of reduced upfront down payments and huge monthly instalments. When a company knows the number of vehicles and the type of vehicles it requires for its business requirements then, they have two options in front of them. One is to buy the required number of cars and the second option is to lease them. This decision gets tougher when luxury cars such as Mercedes come into the picture. While there are many economyleasing options too, the decision to choose between the owning and leasing is a must.

Mercedes cars are considered as the king of sophistication and they have many loyal customers. These cars are not available with every car leasing dealer but are premium ones available at select dealers. When such luxury cars are needed for the higher management staff at corporate offices it makes more sense to leases them than purchasing.

Mercedes Car Leasing

Pros and cons of Mercedes leasing

There are various benefits by opting for Mercedes car leasing –

  • The first point being the initial cost involved in buying a car is much higher than when one opts for leasing the same brand new car.
  • When the cars are bought for the higher management within an organisation, there is no guarantee that the person who replaces the existing employee will like the same model and he might want a different car though he likes Merc.
  • A monthly instalment of a car that is bought is way too higher than that of cars taken on lease.
  • The maintenance of self-owned cars has to be borne by the company and that of leased cars is taken care by the leasing dealer.
  • If the corporate company taking the car on lease wants, it can buy that car at the end of the lease which is generally very less compared to buying second hand luxury cars from individual owners.
  • You can get a new car every few years.

Cons of Leasing

  • The car will have to be maintained in a very careful manner or else the leasing company will charge the corporate at the time of returning the vehicle which would cost a lot.
  • There is a cap on the mileage that is very limiting and if the user commutes on a daily basis then it can make leasing very costly.
  • You do not own the car and if you buy the car at the end of the lease then the duration that it takes to clear the instalments is more.

Once the lease is over, the money spent on leasing the car does not have any physical value to show.

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