Driving/having a Mercedes Benz is definitely something that is not out of reach, or a difficult-to-achieve dream. After all, you don’t necessarily need to shell out a small fortune in order to buy these luxury automobiles. Instead, you can opt for the ideal solution: Mercedes Car Leasing. The term ‘leasing’ implies paying for the vehicle only as much as it is used (by you). In other words, both the ownership of the vehicle and the liability remain with Mercedes Benz Financial. Leasing is a much better option to consider because the monthly outflows in this case will be a lot lesser than taking a loan or making an outright purchase of the car. The benefits of leasing are highlighted as under:
– Lower monthly outflows
– Pay as per your usage
– No liability of ownership at all
When opting for Mercedes car leasing, there are plenty of pitfalls to avoid because these could cost you a lot of money! First things first, always read the fine print. Irrespective of how good a relation you share with the Mercedes Benz staff executing your lease, never overlook this important step. Sometimes, there is a mileage clause in the lease agreement. A lot of times, leasing companies advertise low monthly payments but these usually come with a catch, i.e. low mileage limits. The common limit is about 10,000 – 15,000 miles per year. On exceeding the limit, the lease is required to pay an additional 10-30% of the extra miles driven. Thus, one could wind up owing a lot of money for miles when the time of turning in the car comes, which is why it is advisable to read properly to detect these clauses.
Another useful tip here is to ask the lease provider or the leasing company about the lease-end-condition guidelines. Some are very finicky about the condition of the car at the end of the lease term and would nitpick the leased Mercedes to pieces! Therefore, don’t just assume the meaning of ‘normal wear and tear’ in the lease contract, you should take effort to find out the details. Also, as far as possible, try not to lease the car for a tenure longer than 2 years because you could end up paying extra money for maintenance unnecessarily.
