Wednesday, September 26, 2012

Mercedes Benz: To Buy Or Lease Your Luxury Car

If you have decided that your life is incomplete without the presence of a Mercedes Benz, you've experienced what many MB owners can relate to. It's not precisely envy, but rather a feeling that you simply deserve to partake in one of the finer things in life. And there are few finer things than sitting behind the wheel of a luxury automobile, wondering every time you get in the driver's seat why you spent so many years putting this decision off. Of course, when you find the car you want, you'll be presented with a choice. Do you want to buy or lease? Here are the benefits of both.

Leasing
Leasing is a surprisingly popular choice when it comes to obtaining a luxury automobile. The Mercedes Benz leasing program provides people with a way to get behind the wheel of one of their fine vehicles with little to no money down. Not only is the down payment requirement much less than it would be in a purchasing scenario, but most states require no sales tax up front when the transaction is made. The primary benefit to leasing is that you aren't paying for a car you aren't going to use. You pay only while you use the vehicle and not for a moment longer. When you're ready to move on, you turn it back in and your financial obligations are finished.

Buying
Even with the advantages of leasing, there are still plenty of people who would rather buy than lease. As any financial planner will tell you, putting a lot of money into a brand new car is not a great investment. That said, people don't buy cars for their ROI. They buy them because they are necessary and they would rather have the option of reselling when they grow tired of their purchase. One nice thing about Mercedes Benz is that their cars usually retain their value much better than your average vehicle. This means you won't take a bath when you turn around to resell at a later date. Of course, as the owner of the car, you'll also be free to modify it in any way you choose, which isn't an option when you lease.

Balloon Financing
Some have called balloon financing a way to get the best of both worlds. You purchase the car, but your monthly payments are considerably reduced under the terms of the loan. This puts more of your money back in your pocket, leaving you free to spend it on other worthwhile endeavors. Unlike leasing, you'll own the car and enjoy many of the same benefits that come with standard forms of financing.

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