The simple answer is: yes, Mercedes-Benz lease used cars. You can lease an approved used Mercedes-Benz with Hippo Leasing. In fact, it’s as easy as leasing any other vehicle. And it may be the most cost-effective way of owning a Mercedes-Benz.
The German manufacturer doesn’t have the greatest track record when it comes to long-term reliability, although they’ve addressed a lot of those issues in their newer models. Better technology, impressive safety features, and improved craftmanship has gained Mercedes-Benz a reputation for bridging the gap between affordability and luxury.
For example, the A-class’ five-star Euro NCAP safety rating symbolises excellent build quality while the Mercedes-Benz GLC-Class has one on the most reliable engines in its segment. Newer Mercedes-Benz models combine luxurious engineering with attainable aesthetics.
By choosing to lease an approved used Mercedes-Benz, you’re guaranteeing high-end motoring at a fraction of the cost you’d expect to pay outright when buying. Plus, we offer a lifetime warranty plan with Hippo Protect for all of our approved used vehicles. You can choose from Bronze, Silver, or Gold cover, and drive your Mercedes-Benz with peace of mind.
What is Leasing?
Leasing a vehicle is where you pay a fixed cost each month to a finance company and in return get access to the vehicle you want. It is essentially renting the vehicle over an agreed period with a set annual mileage limit and maintenance – if you wish.
There are two types of leasing: Personal Contract Hire (where you have to hand the car back at the end of your agreement), and Lease Purchase (where you have to purchase the vehicle at the end of your agreement. You can also get a used Mercedes-Benz on Personal Contract Purchase, another type of car finance.
Is leasing a car better than buying?
This depends on your personal circumstances. If you want greater flexibility, lower monthly payments and you enjoy having a new car every few years, leasing is likely the best option for you.
However, if you want to own the car outright and potentially use its value as a deposit later down the line, buying could be better.
If you choose to buy your vehicle, you don’t have to pay the full cost upfront. Hire Purchase agreements are designed to spread the cost of your purchase over several years until you own the car.
Is it worth leasing a Mercedes-Benz?
Leasing a Mercedes-Benz, whether new or used, is a great way to take advantage of the three-pointed star’s exceptional engineering and craftsmanship without having to pay the premium price attached to buying one upfront.
It means you can enjoy the refinement, technology and prestige that comes with the brand while still having an affordable payment plan.
Are Mercedes-Benz good used cars?
Mercedes has a chequered past when it comes to longevity.
For many years, buying a used Mercedes-Benz was seen as taking on a ‘money pit’. Non-engine related electrical issues plagued certain models, as the German manufacturer attempted to discover new technological ground with their cars.
But as the industry has evolved, Mercedes have too. Nowadays, buying a Mercedes-Benz can be a short or long-term commitment; whichever you prefer, and there’s no longer the fear of unexpected maintenance bills mounting up over time.
Of course, however, any vehicle can develop a fault. That’s why it’s important to always choose Mercedes Approved Used and to consider adding maintenance or warranty packages into your lease agreement.
What is Mercedes-Benz approved used?
Approved used vehicles guarantees the quality you’d expect when leasing or buying a pre-owned Mercedes-Benz. At Hippo, we ensure that all our Mercedes-Benz cars are put through a rigorous 275-point check and inspection by manufacturer-trained technicians at our state-of-the-art prep centre.
They are vehicles that follow the brand’s value of The Best or Nothing.
If you’re looking to lease or buy a pre-owned Mercedes-Benz, it’s best to choose a retailer that offers approved used vehicles.
Advantages and disadvantages of leasing a used Mercedes-Benz
Although leasing a used Mercedes-Benz is a great way of getting behind the wheel of a luxury vehicle while keeping it affordable, there are also disadvantages to consider. We’ll run through both.
Advantages of leasing a used Mercedes-Benz
Low-Cost Luxury Motoring
As we’ve already touched on, a used Mercedes is much cheaper than new. Often you’ll find that even those with low mileage can give you great savings from the vehicle’s list price. Especially when you choose approved used.
Leasing the vehicle allows you to save even more money, as you’re agreeing an annual mileage limit, and an agreement period, then making fixed monthly payments. If you choose to buy, you’ll likely be making higher monthly payments and paying for it all.
So, if you’re looking for low-cost luxury motoring, leasing a used Mercedes-Benz is a fantastic way to drive the car of your choice without a hefty price tag.
Despite their problems in the past, Mercedes has always been well known for creating reliable and economical power units.
The company’s dedication to engineering advancement is like no other, you only have to take a look at their Formula 1 team’s success in recent years to see that.
And although you won’t likely be tackling the winding tracks of Silverstone, the technology they use is passed down to their regular road-going vehicles to enhance your driving experience.
New Mercedes Every Few Years
If you’re looking to lease a Mercedes-Benz, it’s likely you appreciate quality and prestige. And when you choose to lease, you can ensure you stay up to date with the latest advancements and designs by renewing your vehicle every few years.
With a Personal Contract Hire agreement, at the end of your term, you can return the vehicle and replace it with a newer model.
As Mercedes’ technology advances so quickly, leasing is a great way of making sure you can enjoy the manufacturer’s latest creations while maintaining a low monthly payment.
Everything You Need in One Monthly Payment
Although used Mercedes-Benz vehicles are a lot more reliable than they once were, you can insure yourself against any unexpected repair bills by including a maintenance package or warranty into your monthly payment.
That way, should the worst happen, you can rest assured your vehicle will be treated by manufacturer-trained mechanics and you’ll be back on the road in no time.
Disadvantages of leasing a used Mercedes-Benz
You Never Own The Vehicle
As Mercedes-Benz is a desirable brand, they maintain their value well. That’s great for leasing at the start, as your payments are low. But by leasing, you miss out on the vehicle’s residual value.
At the end of your agreement, with the assumption you’ve taken care of it, your Mercedes will still be worth a significant amount of money.
However, you can’t take advantage of that money if you choose to lease. If you buy, once you own it outright, the vehicle is yours to do as you wish, including using it as a deposit on a new car or selling it privately.
Is leasing a used Mercedes-Benz better than buying?
So, we’ve established you can lease a used Mercedes-Benz; it’s simple and often cheaper than buying.
But is leasing a used Merc better than buying? Well, that depends on what you want.
If you want a Mercedes-Benz with a low monthly payment for a short period of time with the option of changing for a newer model every few years, then leasing would be best.
If you want to own the vehicle outright, don’t mind a higher monthly payment and to take advantage of its residual value later down the line, buying your used Mercedes-Benz would be the better option for you.