Why Lease Vs. Buy?
There are several reasons to lease a car:
- You like flexibility
- You regularly switch cars
- You drive under 10,000 miles per year
- You don't modify your car
- You prefer lower monthly payments
Drivers typically lease for 24 to 36 months, which means you will experience the latest in Mercedes-Benz technology every two to three years. You have additional options even once your lease ends: Choose to return your vehicle, buy it, or extend your lease past scheduled termination.
Lease rates generally offer qualified customers lower monthly payments because you only pay for the amount of time you will be driving the vehicle, not the vehicle's total value. See the cost reduction starting with your first month's lease payment.
If your vehicle is ever declared a total loss, we'll cover the difference between the insurance proceeds and the balance owed to Mercedes-Benz financial services.
Mercedes-Benz Lease FAQs
As always, refer to your applicable lease agreement for specifics on lease-related issues.
What are your responsibilities for repair and maintenance of my Mercedes-Benz?
You must have your vehicle serviced as recommended by the manufacturer and have all necessary repairs made.
What is considered excess wear and use?
Rely on the Mercedes-Benz Three-Point Inspection system to assess whether damages to your leased car will be considered excess wear and use:
- Credit Card Images: You will not be charged for exterior and interior damage that cannot be seen when a credit card is placed over it.
- Windshield, lights, wheels, and tires: The following is considered excess wear:
- Cracked or bent wheels
- New wheels not equipped by an authorized Mercedes-Benz dealership
- Tires that are the incorrect size, have sidewall damage, or exposed cords
- Glass and lights that have cracks, stars, holes, or plugs
- Missing Items: Ensure all originally equipped items are returned with your vehicle, including:
- Maintenance book
- Owner's manual
- Second set of keys
- Removable CD disc changers
- DVD system
- Navigation system discs
- Headrests
- Tool kit
- Spare tire
What insurance coverage do I need?
Mercedes-Benz financial services USA LLC must be listed on your comprehensive and collision coverage as the "loss payee" and as "additional insured" for liability coverage. Required minimum coverages include:
- Bodily injury liability not less than $100,000 per person and $300,000 per occurrence
- Property damage liability not less than $50,000
- Comprehensive and collision coverage for the actual cash value of the vehicle
- $2,500 maximum allowed deductible
What happens if my car is stolen?
All thefts and damage must be reported to your insurance carrier and to the Client Service Center at (866) 321-8351. An authorized Mercedes-Benz dealer should repair damages.
What taxes am I responsible for?
Generally speaking, all taxes assessed to your leased vehicle are your responsibility, including sales and personal property taxes.
How do I re-register my Mercedes-Benz if I move?
Give us your new address, and Mercedes-Benz financial services will provide you the documentation for registration in your new state.
Explore Your Mercedes-Benz Lease Options Today
Fill out our quick pre-qualifying finance application to start the credit approval process. Provide us with basic information about your finances, and we'll let you know what your purchase options and actual lease payments are.
We'll work with you to get you the total monthly payments - and total payments - that fit within your budget and needs. Harris County drivers, visit us in person at Mercedes-Benz of Houston North to view inventory, go for a test drive, and explore your leasing options.
We're open today!
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