Mercedes-Benz Leasing Benefits

Leasing a Mercedes-Benz offers a range of benefits tailored to your needs. You can customize your mileage allowance and lease term to fit your driving habits, giving you flexibility with your contract (certain limits apply). Typically, lease payments are lower than buying, making it easier to drive a new car for less. When your lease ends, you have the freedom to return, buy, or even extend your vehicle, putting you in control of your next move. If your vehicle is declared a total loss, a gap waiver will cover the difference between the insurance payout and what you owe, minus the deductible. Plus, leasing lets you enjoy a new car every two to three years, with access to the latest technology and features. And with sales tax based on your monthly lease payment in most states, you can save on taxes, too. Our team at i.g. Burton Mercedes-Benz of Milford is here to help you navigate all these great benefits!

As a lessee, there are a few responsibilities you'll need to manage during your lease term. This includes paying license plates and registration fees required to keep your vehicle legally on the road. You'll also be responsible for sales and personal property taxes, which may vary depending on your state or local regulations. Additionally, if you receive any parking tickets or traffic citations, you'll be expected to handle the fines associated with those violations. Keeping track of these responsibilities is essential to ensure a smooth leasing experience. For a more comprehensive understanding of what's required, be sure to refer to your lease agreement for any specific terms and details.

Your First Class Lease agreement outlines specific insurance coverage requirements to ensure that both you and the vehicle are adequately protected. These include bodily injury liability coverage of at least $100,000 per person and $300,000 per occurrence, which helps cover medical expenses and legal fees in the event of an accident where you are at fault. Property damage liability is also required, with a minimum of $50,000, covering damage to other vehicles or property caused by your actions. In addition to liability coverage, comprehensive and collision insurance is required, ensuring that your vehicle is covered for any damages, theft, or loss, up to the car's actual cash value. Lastly, a maximum deductible of $2,500 means that any out-of-pocket expenses for a claim won't exceed this amount. These insurance requirements are in place to protect both your financial investment and the vehicle you lease, helping to avoid unexpected costs. For more detailed information on the coverages needed, be sure to consult your lease agreement and discuss options with your insurance provider to ensure full compliance.

As part of your First Class Lease, following the manufacturer's recommended service schedule and having any necessary repairs done promptly is essential. Regular maintenance helps keep your vehicle running at its best, ensures its longevity, and prevents more costly repairs down the road. The specific maintenance tasks and schedules are outlined in your Owner's Manual, which provides detailed information on when to perform things like oil changes, tire rotations, brake checks, and other essential services. Staying on top of these requirements helps maintain your vehicle's performance and safety and ensures that you remain in compliance with your lease terms. If you're unsure about when certain services are due, feel free to contact our team at i.g. Burton Mercedes-Benz of Milford for assistance.

If you receive any tickets during your lease, Mercedes-Benz Financial Services (MBFS) will be notified by the issuing authority. MBFS will pay the charges on your behalf for parking and toll tickets and add them to your account. You'll receive the first notice for speeding and red-light tickets directly. Still, if a second notice is issued, MBFS will settle the ticket and any associated penalties or fees, charging the total amount to your account. As outlined in your lease contract, MBFS may charge an administration fee for handling such tickets, so be sure to refer to your contract for details on this fee. When you receive a forwarded ticket, it's important to pay it directly to the issuing authority and keep a record of your payment to ensure everything is handled correctly.

Leasing a Mercedes-Benz offers a wealth of benefits, from lower monthly payments to the flexibility of upgrading to a new vehicle every few years. At i.g. Burton Mercedes-Benz of Milford, our team is dedicated to making your leasing experience seamless and tailored to your needs. We have a wide range of vehicles available for lease, including popular models like the stylish Mercedes-Benz C-Class, the versatile GLC, and the powerful GLE. Whether you're looking for a sleek sedan, a spacious SUV, or a performance-driven vehicle, we have options to fit your lifestyle. If you're ready to explore your options or have any questions, we're here to assist you every step of the way. Fill out the form below to get started, and let us help you drive home in the luxury vehicle you deserve!