When considering taking home a luxury vehicle such as a BMW, Mercedes-Benz, Lexus or Porsche in Michigan, the decision to lease vs. finance is as crucial as selecting the model itself. Each acquisition option offers distinct advantages and caters to different driving preferences and financial situations, so the question becomes, which is right for you?
At Serra Auto Campus, our team of luxury car financing experts is dedicated to guiding you through the nuances of leasing and financing near Lansing. Work with us and decide the best payment plan for your needs!
Understanding Luxury Car Leasing Options
Leasing a Mercedes-Benz or Porsche from Serra Auto Campus allows you to indulge in a new luxury car at a potentially lower monthly cost than had you financed. With leasing, you're primarily paying for the depreciation of the vehicle during the lease term. In short, this can help you afford to drive a more premium car for your money.
Luxury car lease options are best for those who enjoy driving a new car every few years, want hassle-free maintenance (since most issues are covered under the manufacturer's warranty) and prefer not to commit to a long-term financial obligation.
Another reason to lease vs. buy a BMW or Lexus near Lansing? Leasing often requires a smaller down payment, so you can pay less upfront. The lease-end flexibility is another benefit of leasing. You can choose to purchase the vehicle, lease another model or simply facilitate a straightforward lease return nearby.
Read More: How to Return a Car Lease
Benefits of Financing a Luxury Car in MI
Opting to finance a Mercedes-Benz or Porsche in Michigan means enjoying outright ownership. For those who form an attachment to their vehicles or drive a lot each year, luxury car financing may be the better option.
While monthly car payments can be higher than leasing, particularly for premium brands, owning a new Lexus or Porsche near Lansing has its perks. Not only do you build equity with each payment, but you're also not limited by mileage restrictions and can customize your car without the constraints of a lease agreement. Financing also spares you from potential lease-end charges, such as excess wear and tear.
Should I Lease or Finance a Car?
The choice to buy vs. lease a car depends on your specific needs. Long-term car owners who want to build equity in their vehicle should finance; frequent upgraders looking for a simplified ownership experience should lease. We have competitive new car specials near Lansing catering to both options, so contact Serra Auto Campus today and let us make your automotive dreams a reality in a way that works for you.