Car ownership has become increasingly challenging in recent times and it is expected to remain so in the near future.
One of the biggest hurdles faced by potential car buyers is the soaring Certificate of Entitlement (COE) premium. COE premium reached an all-time high of $115,388 for Category B last November and $116,577 for Open Category. Both have since remained above the staggering $100,000 level.
Given the enduring status of COE premium, owning a car can be a costly decision. However, Mercedes-Benz leasing plans offer you a smart way of driving the luxury marque without the hefty down payment and hassle associated with car ownership.
Here are six reasons why you should start leasing from Mercedes-Benz:
1. Low upfront financial commitment
Driving a car in Singapore, especially a Mercedes-Benz, is a luxury. Those who want to indulge in a comfortable drive but aren’t ready to part with their hard-earned money all at once will appreciate that with Mercedes-Benz leasing plans they can choose to pay nothing upfront, so they can free up their budget for other plans in life.
2. Freedom to upgrade
While driving a brand new car can be extremely exciting, there are few things that can dampen your spirits more than realising that in a few years, your car of choice may no longer serve your evolving lifestyle, or that there are newer models with more enticing advanced technology. Mercedes-Benz FLEX leasing provides unprecedented flexibility to you by allowing for early termination of the lease after three years at no cost should you decide to do so.
3. Extensive Car Options
With the extensive model range offered by Mercedes-Benz, you will be spoilt for choice, whether it’s the sexy CLA Coupé, the luxurious E-Class Sedan or the latest electric models like EQB and EQE Saloon.
4. Hassle-free Driving
Mercedes-Benz strongly believes in offering you a first-class, hassle-free driving experience with an affordable monthly leasing fee that covers comprehensive motor insurance, road tax, service and maintenance.
You will never have to worry about fluctuating insurance premiums and time spent on the renewal of insurance and road tax annually.
When your car is due for servicing and maintenance, a dedicated concierge team will arrange for the pick-up and delivery of your car. In addition, a replacement car will be provided to you for the duration that your car is in the workshop. All these mean zero downtime for you and no unforeseen service and maintenance expenses that will throw off your budget.
5. Free of depreciation risk
It’s a known fact that cars are depreciating assets. In fact, the depreciation of a new car in the initial years runs in the tens of thousands of dollars. Other factors such as mileage and condition of the car play a role in determining the resale value of the car when it’s time for you to move on to a new one. In some years’ time, when COE premiums start to fall, the resale value of the car may also be severely affected.
Leasing a car with Mercedes-Benz takes depreciation out of the equation. Simply return the car after the lease period and move on to a new one without having to worry about the resale value.
6. Cross borders without worry
With borders opened up again, all leasing plans will also include the usage of the car in Malaysia so you can start planning that long road trip in the comfort of your Mercedes-Benz.
Personal mobility has never been a better proposition than now. Start leasing with Mercedes-Benz and enjoy unprecedented luxury, flexibility, convenience and affordability.
Find out more about the various Mercedes-Benz leasing plans with Mercedes-Benz Fleet Management through a non-obligation consultation here.