A Mercedes-Benz lease gives you some advantages you don’t get when financing a vehicle. You get to drive a brand-new vehicle every few years and your payments are often lower. If you have never leased before, you may have some questions. Mercedes-Benz of Lynnwood is here to help.
What Are the Obligations for Maintaining My Leased Vehicle?
With a leased vehicle, there are certain requirements regarding upkeep and maintenance. You must follow the manufacturer's service schedule as outlined in your owner’s manual. If repairs are needed, you will be responsible for these. Avoid substandard service that could be costly by using only authorized Mercedes-Benz Service Centers.
What is Considered Excessive Wear and Tear?
Your lease agreement outlines excessive wear and tear. In short, excessive wear and tear is anything over and above what is usual and customary i.e. any damage or wear that is different from what occurs with daily use.
What Type of Insurance Coverage Do I Need?
Since you are essentially renting your vehicle and Mercedes-Benz Financial Services owns it, full coverage is required. This means your policy should outline comprehensive, and collision, property damage, and bodily injury liabilities as well as coverage limits for each. Your insurance agent should communicate with the Mercedes-Benz Financial Services Insurance department to ensure compliance.
What Other Expenses Am I Responsible For?
You are responsible for personal property taxes, sales tax, vehicle registration, and licensing fees. Any expenses associated with traffic violations or parking tickets are also your responsibility.
Can I Drive My Leased Vehicle Anywhere I Want?
You are permitted to drive anywhere as long as it is within the United States. Otherwise, there are a couple of exceptions as long as you obtain prior authorization. However, you must stay under your mileage limitation, which is typically between 8,000 and 10,000 miles per year.
Test Drive a New Mercedes-Benz Vehicle in Lynnwood, WA
To explore leasing options, visit our Lynnwood, WA Mercedes-Benz dealership. Schedule a test drive to experience the thrill of driving a Mercedes-Benz today!
AdChoices