Have you been reviewing Mercedes-Benz EV financing options and wondering if it’s right for you? You may be surprised to learn that leasing could be a better fit. Mercedes-Benz of Lynnwood is outlining what makes leasing an EV a better option than financing one for some drivers.
Lower Monthly Payments
Many EVs have a higher purchase price than their gasoline-powered counterparts. Leasing can help offset the price. Leasing is generally more affordable than financing and allows you to get into a new vehicle with lower monthly payments and typically with a smaller down payment as well.
Convenient Upgrade Process
Due to their progressive powertrains, it’s no surprise that many EV owners are also the first to upgrade to the latest technology. Generally, drivers secure a lease for two or three years, and then they need to return their vehicle to the dealership. This is the most convenient way to regularly upgrade your vehicle.
Avoid Depreciation
New vehicles can depreciate rather quickly, and EVs tend to depreciate even faster than vehicles with an internal combustion engine. With financing, you run the risk of owing more for your vehicle than it’s worth, which is also known as being upside down in your loan. By leasing, you can avoid this risk.
Warranty Protection
New vehicles are less likely to have mechanical issues than older vehicles. However, there’s always an off chance that an issue could arise. Since you only have leases for a limited time, you are protected with warranty coverage throughout your lease.
Lease a New Mercedes-Benz EV in Lynnwood, WA
You can quickly secure a new Mercedes-Benz EV lease in no time at our dealership. In fact, you only have to answer a few quick questions to apply. Stop by Mercedes-Benz of Lynnwood to get started today!
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