SHOULD I CONSIDER A MERCEDES-BENZ HIGH-MILEAGE LEASE?
Everybody wants to be behind the wheel of a Mercedes-Benz vehicle. As we know, with Mercedes-Benz, it's "the best or nothing." But what if you enjoy driving and leasing a new, modern Mercedes-Benz every two or three years, but with the knowledge that you may exceed the mileage allotment specified in your leasing contract?
Perhaps you are a candidate for a Mercedes-Benz high-mileage lease.
What's that you may ask? Read on for more information.
One size doesn't fit all
The standard advice that has been doled out for years has been, "if you have plans to drive a lot of miles, perhaps it is a better deal to buy the vehicle from the start." But what happens if high-mileage driving is part of your lifestyle, AND you have severe automotive attention deficit disorder (AADD)? (Don't worry, it's an affliction that we just made up!) Buyers who exceed their limits could be hit with over-mileage charges.
What is a Mercedes-Benz high-mileage lease?
A Mercedes-Benz high-mileage lease is a contract which has a higher annual mileage than an ordinary automotive lease. A high mileage lease is a little more expensive, but you get to drive your car more often than you would with a standard car lease and then when your lease is up you can get into a brand new vehicle once again. These leases are a bit less common as they're not as widely known, nor is it something widely advertised at the dealership. Nonetheless, it is easily available and is one viable lease option that may be perfect for an everyday driver looking for a lease.
12,000 miles isn't etched in stone
People who lease sometimes think that a mileage allotment of 12,000 miles per year is a Holy Grail number - one that is etched in stone the same way the Ten Commandments were engraved on the tablets. That's not usually the case. Most leases can be adjusted to handle a specific customer's needs.
By arranging to buy extra mileage at the lease inception, lessees can realize additional savings by purchasing mileage at a lower rate. The increase in payments may be easier to swallow than the concept of turning a high-mileage car in earlier than it would normally have been. Or paying a premium for turning in your vehicle going over the allotted mileage. Doing this in advance allows you to purchase miles at a lower cost than at the end of the lease duration. Fill out the form below to Contact our Mercedes-Benz of Rochester team for specifics.
How to determine if an extra-miles Mercedes-Benz lease is for you?
The first step in knowing if you are a good candidate for an extra-miles lease is to ask our Mercedes-Benz Lease team about the numbers. Our team will be happy to work with you and figure what makes the most sense for your specific situation. We can assist you and give you the specifics on the monthly payments for both a regular and extra miles lease. Then, it's up to you to decide. Based on your anticipated mileage, you can easily see which is right for you.
Within or without the warranty?
One other factor to remember is that purchasing vs. leasing can affect who is paying for warranty repairs. If you drive the car past its warranty, you will be responsible for repairs on a vehicle you don't own.
There are a lot of things to think about and consider when leasing a new car. You can get more details and the latest information from the finance experts at Mercedes-Benz of Rochester. Call for an appointment today.
Related Mercedes-Benz Lease Articles:
- A Beginner's Guide to Leasing a New Mercedes-Benz Vehicle
- Leasing or Buying a Mercedes-Benz Automobile: Which Makes More Sense?
- How to Get a Better Mercedes-Benz Leasing Deal
- Mercedes-Benz Service Loaner Lease
- Early Lease Termination of a Mercedes-Benz Vehicle
- The Ins and Outs of Leasing a Car from Mercedes-Benz of Rochester
- Here's Why You Should Buy Your Leased Mercedes-Benz
- What is High Mileage Mercedes-Lease and How to Tell If It is Right for You
Contact
Mercedes-Benzof Rochester
4447 Canal Place
Rochester, MN 55904
- Sales: (507) 322-7150
- Service: (507) 322-7160
- Parts: (507) 322-7170
Contact The Mercedes-Benz of Rochester Leasing Team
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Dealer not responsible for typographical errors. Pictures are for illustration purposes only. All vehicles subject to prior sales. See dealer for details. MSRP may not be price at which vehicle is sold in trade area. New car prices include applicable manufacturer incentives in lieu of special financing. Plus tax, tag, $350 doc fee, registration & title fees. New car MPGs are EPA's estimated city/highway MPGs. New vehicle MPGe/EPA Range Rating are based on EPA Range Rating. See dealer for copy of limited warranty. Pre-owned vehicle prices plus tax, tag, $350 doc fee, registration & title fees. Pre-owned vehicle MPG claims are based on EPA estimated city and highway ratings when vehicle was new. Pre-owned vehicle MPGe/EPA Range Rating are based on EPA Range Rating when vehicle was new. Consumers actual mileage will vary. The value of pre-owned vehicles varies with mileage, usage and condition. Book values should be considered estimates only.
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