Lease Return (NY, Mercedes)

[Ignorz]

Hello

My 2020 GLE350 lease is coming to an end but I will like to do a lease end purchase because I really like the car. What are some recommendations on getting an auto loan? Also, when doing a lease end purchase, would I have to put any money down or pay anything additional? I really trying to not shell out thousands of dollars. Or, would it make sense to do a trade in to lease a different MB?

[Ursus]

The Best Finance Rates & Hacks! Submit your CU recommendations!

Sometimes it can be better to finance a car rather than lease it! Some of the reasons this may be true include: Federal EV credit - some lease originators may not pass the full Federal EV credit or state credits. Through financing or balloon loans (another type of financing, you can take advantage of these credits if you have the tax liability) High Lease Money Factor - some lease originators have a very high money factor, higher than what it would cost to lend from another bank! Combined …

Leasing another MB (or pretty much anything else) doesn’t make sense in this market.

[trism]

@Ignorz

What are some recommendations on getting an auto loan? Also, when doing a lease end purchase, would I have to put any money down or pay anything additional?

Overwhelmingly the most important attribute of a car loan is the interest rate, so it’s just a matter of shopping around.

Unless you have poor credit (and/or in the unlikely event that your car is worth dramatically less than the buyout price), you should be able to finance the entire amount.