If your Mercedes-Benz lease is coming to an end soon, you have a few different options on what comes next. You can keep leasing the same car, upgrade to a newer model, or perhaps try out something different.
If you’re interested in owning the vehicle, you also have the option to buy out your lease!
Find Out What the Residual Value Is
The first step is to figure out how much you would need to pay for your car. This residual value may have already been included in your lease. If not, you’ll want to contact the dealership.
Determine What You May Owe
In addition to the residual value, there may be some other fees you could be on the hook for i.e., wear-and-tear fees and mileage overages. Be sure to factor these in so you can get a complete picture of what your expenses will be.
Apply for Financing
Depending on your financial situation, you may want to finance the rest of what you owe. This involves applying for a loan and making monthly payments until it is paid off.
For your convenience, you can apply for financing right here on our website! In just a couple minutes, you can confirm your approval status.
Get the Process Started Today!
If you’ve been leasing your vehicle from Mercedes-Benz of Silver Spring and are now ready to buy, get in touch with us! We can give you the information you need to make a smart choice and make the buying process as quick and simple as possible.
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