You're excited about a new Mercedes-Benz and the sales professional is suggesting a lease.  Is it right for you? 

Here are 8 facts that you should know before you sign on the dotted line:

1. When you lease a car you are only paying for what you use.  You do not have a heavy cash outlay, like a purchase.  Leasing leaves your cash for other things.
2. Any loss of value due to a repair or accident stays with the owner of the vehicle, not YOU.  As an example, two like vehicles - one has had paint work and one has not - the difference in retained value could be $1,000 or more.
3. You can customize your lease for the term and mileage you are comfortable with.  There are low-, mid- and high-mileage lease terms.
4. You never concern yourself with having a vehicle out of warranty and the cost associated with high repair bills.
5. Many folks find that when the lease is up their needs or desires in a vehicle have changed and they love not being committed to the prior vehicle.
6. Possible tax benefits!  Consult your accountant if you qualify.
7. In the event your car is stolen or totaled in an accident, there is no obligation for the difference in the amount your insurance covers and the amount the leasing company requires.  Any difference is covered by Gap insurance provided by the leasing company.
8. You have choices at lease end.  You can either extend your lease or finance to purchase your Mercedes-Benz if you want to keep driving it.   Or return your vehicle and easily get into brand new Mercedes-Benz.  You're always in control.