Shopping for a new vehicle comes with lots of decisions, from choosing the perfect model to deciding which features you need. You also need to decide if you prefer leasing a new model or want to apply for Mercedes-Benz EV financing. Mercedes-Benz of Lynnwood is offering an inside look.
Cost Savings
Since leases are temporary, leasing an electric vehicle (EV) is usually more affordable. You’re only responsible for paying the vehicle’s estimated depreciation during your lease, which typically comes with lower monthly payments. Plus, since leases are new models, you’ll often spend less on maintenance and have fewer repairs. However, you’ll generally save overall by financing an EV, because once the vehicle is paid off, you’ll no longer owe a monthly car payment.
Long-Term Plans
Mercedes-Benz EVs are constantly evolving, so many drivers find themselves wanting to upgrade after a few years. If you enjoy continuously upgrading to the newest models, leasing is beneficial because a lease typically only lasts two or three years before you return it for a new vehicle. If you finance, you could find yourself upside down in your loan due to depreciation, and you’ll face the hassle of selling.
Your Vehicle Usage
It’s also important to consider how you use your vehicle. Leases often come with mileage allowances and customization restrictions, which may not work for every driver. In fact, you will likely owe fees for exceeding your mileage or having excessive wear and tear. By financing a vehicle, it’s yours to drive and modify as you please.
Explore Our Mercedes-Benz EV Inventory in Lynnwood, WA
There are benefits to leasing and financing a Mercedes-Benz EV. Our team is happy to help you determine the best route for you. Visit Mercedes-Benz of Lynnwood to discuss your options and upgrade to a new Mercedes-Benz EV today!
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