Yes, you can lease a used or pre-owned Mercedes-Benz. 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.
But by choosing to lease an Approved Used Mercedes-Benz, you’re guaranteeing luxurious motoring at a fraction of the cost you’d expect.
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.
There are three types of leasing:
Personal Contract Purchase
You can choose to buy the car at the end of your agreement or hand it back.
Personal Contract Hire
You have to hand the car back at the end of your agreement.
You have to purchase the vehicle at the end of your agreement.
Is Leasing A Car Better Than Buying?
If it’s better to lease or buy your next car depends on your 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.
It means you can enjoy the refinement, technology and prestige that comes with the brand while still making it affordable.
Are Mercedes-Benz Good Used Cars?
Mercedes has a chequered past when it comes to longevity.
For many years, buying a used Merc 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 Merc 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 Approved Used?
Mercedes Approved Used guarantees the quality you’d expect when leasing or buying a pre-owned Mercedes-Benz.
They’re vehicles that have been checked over and approved by manufacturer-trained technicians and 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 & 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 only ever paying the depreciation, rather than the vehicle’s entire worth. If you choose to buy, meanwhile, you’ll pay for it all.
So, if you’re looking for low-cost luxury motoring, leasing a used Mercedes-Benz is a fantastic way to go about it.
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 chicanes 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 or Personal Contract Purchase 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 three-pointed star’s latest creations while maintaining a low monthly payment.
Everything You Need In One Monthly Payment
Although used Mercedes 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 your way.
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 in a few years’ time, 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 would be the better option for you.
Start your Mercedes journey today with Hippo Leasing.