When it comes time for the next Mercedes-Benz lease, Mercedes-Benz of Owings Mills is the dealership you’ll want to visit first. Not only do we carry a wide range of performance luxury vehicles to pick from, but we also offer financing tools and resources to help you on every step of the leasing journey. Learn all you need to know about Mercedes-Benz leasing at our dealership today.
Lease Financing at a Glance
One of the many reasons to consider leasing a vehicle is the savings. It can be significantly less expensive to lease a vehicle than to purchase one, and that means that you probably won’t have a down payment when the time comes to lease.
If leases have any down payment at all, they’re typically very small. That said, here are a few things you’ll want to keep in mind about the leasing financing process.
You Still Have Day-Of Costs
While you won’t need to bring a down payment, leases have other costs to consider. The day you take your new Mercedes-Benz home, you’ll likely need to pay the first month’s payment and the security deposit, as well as smaller costs like an acquisition fee.
Monthly Payments Are Smaller
Not only will your down payment be smaller, if you have one at all, but the monthly payments on your lease will be lower, as well. Leasing can be a great way to save on the vehicle you love.
You Need High Credit
In order to be eligible to lease a vehicle, you need relatively high credit, so you always want to check your credit score before you begin the leasing process. If it isn’t high enough, you can take the time to bring it up, or consider purchasing a vehicle, which doesn’t require as high a credit score.
The leasing process doesn’t have to be overwhelming. Test drive and finance your next luxury vehicle with the support of Mercedes-Benz of Owings Mills today.
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