What is a good mileage to buy a used Mercedes?
It’s best to think about how much mileage that youwill get out of the pre-owned vehicle. A pre-owned vehicle with 50,000 miles that drives well could be a good purchase. However, a cheap pre-owned car with 100,000 miles could last another few years as long as it’s in decent condition. There is no perfect answer. It’s best to think about how much mileage that youwill get out of the pre-owned vehicle. A pre-owned vehicle with 50,000 miles that drives well could be a good purchase. However, a cheap pre-owned car with 100,000 miles could last another few years as long as it’s in decent condition.
Is it smart to lease a Mercedes?
Leasing is a low-cost way to enjoy the flexibility of driving a new Mercedes-Benz every few years with the ability to customize the lease to your preferred terms and length. However, the downsides of leasing a car—such as mileage restrictions, excess wear and tear fees, lack of flexibility, and the absence of long-term financial benefits—can make it less appealing for many drivers.Mid-Term Leases (36 Months) These hit the proverbial sweet spot between short-term and long-term leases and tend to be the most popular term. You get to enjoy moderate monthly payments whilst still holding onto a new car for a decent amount of time.Ownership – The most obvious downside to leasing is that when the lease runs out, you don’t own the equipment. Of course, this may also be an advantage, particularly for equipment like computers, where technology changes very quickly.Leasing usually offers lower monthly payments than financing. It has the benefit of owning a new car every two or three years. The latest safety features and a car always under warranty.Comparing Financing and Leasing If you want to eventually own your vehicle and drive as much as you like, financing might be a better fit. If you prefer lower monthly payments and a new vehicle every few years, leasing could be the way to go. You own the car once it’s paid off.
What is a good down payment for a Mercedes lease?
As a general rule, you should pay 20 percent of the price of the vehicle as a down payment. That’s because vehicles lose value, or depreciate, rapidly. If you make a small down payment or no down payment, you can end up owing more on your auto loan than your car or SUV is worth. Typically, the recommended down payment for a car lease is about 20% of the vehicle’s value. For example, if the car is valued at $30,000, a 20% down payment would be $6,000.One of the most important reasons for not investing a large down payment is that you could lose the money you put down if your vehicle is stolen or involved in an accident and is subsequently deemed a total loss. This is especially true during the first few months of your lease.On most car lease deals, the down payment ranges from $0 to $3,000. If you’re not taking advantage of a lease deal, the down payment may be more flexible, but the more money you put down, the lower your monthly payments will be.However, when it comes to car leasing, it isn’t the same. A deposit, or initial rental, is non-refundable – you do not get it back at the end of the contract. Instead, this down payment or upfront payment (no matter how much) goes towards the whole cost of the lease.As a general rule, you should pay 20 percent of the price of the vehicle as a down payment. That’s because vehicles lose value, or depreciate, rapidly. If you make a small down payment or no down payment, you can end up owing more on your auto loan than your car or SUV is worth.