If you're interested in a Mercedes-Benz lease, Fields Motorcars has you covered. We carry a wide inventory of Mercedes-Benz cars and SUVs, and we offer the financing tools and resources you need during every stage of the leasing process. Here’s a look at some of the essential lease terms you’ll want to keep in mind before your next visit.
Mercedes-Benz Leasing Terms
The more you know about the car leasing process, the easier it will be to find the right car at the right price. Here are some common terms you’ll hear during your appointment:
- Manufacturer Suggested Retail Price (MSRP): Also known as the starting price for negotiations, it’s a good idea to research your vehicle's MSRP in advance.
- Term: This refers to the length of your lease. Most leases are two to five years long, but consider your lease terms carefully, as early termination fees can really add up.
- Early Termination Fee: There are many benefits to leasing a vehicle, but if you want to terminate your lease early, there are costs to consider. The early termination fee refers to the cost of bringing your leased vehicle back early, and it’s important to know this fee in advance.
- Allowable Mileage: When you lease a vehicle, you’ll have a set number of miles you can drive over the duration of your lease before accruing charges. Pay close attention to this number so you don’t have to worry about extra costs and fees.
- Depreciation: Depreciation refers to the loss of vehicle value between when you first lease a car and when you return it. This is helpful information for insurance purposes and for figuring out when you want to terminate or extend your lease.
For more information on our Mercedes-Benz leasing process and to find the right vehicle for your needs, come down to Fields Motorcars. Schedule an appointment today!
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