When calculating your $581 per month payment for a Mercedes-Benz GLA 250 lease, the dealership takes a few things into consideration. The two biggest factors are your credit score and your down payment.
You’ll definitely turn heads when you cruise around town in a Mercedes-Benz GLA 250. The upgraded luxury and turbocharged four-cylinder engine are pretty big perks, too! If you’re dreaming of driving your own Mercedes-Benz GLA 250 without the big commitment of a car loan, it might be time to consider leasing.
There are a few things you need to prepare and research before signing a lease, and there are pros and cons to leasing a vehicle. The trade-off for all this preparation is being able to drive a brand-new vehicle every few years and getting to trade up at the end of your lease term.
Could leasing be the right choice for you? The car insurance
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. How to lease a Mercedes-Benz GLA 250
The leasing process is fairly straightforward. All you need to do is go down this handy checklist and see how your qualifications measure up.
Calculate your credit score. A score of 520 or lower will probably disqualify you from getting a lease term. Poor scores are 630 or below. Having good credit means your score is 650 or higher, which can get you great lease terms.
Figure out your budget. Most financial experts recommend targeting your car payment to be between 10% and 15% of your monthly income. For example, an income of $3,500 a month will afford you a payment between $350 and $525.
Decide on a down payment. This is also known as a capitalized cost reduction. Taking money off the base price of the car will result in a lower monthly payment for you, so save as much as you can for the down payment.
Determine your mileage. You agree to a yearly mileage limit when you sign a car lease. Factor in your commute, common errands, and any trips you have planned when calculating your annual mileage. Most leasing agreements have limits for 10,000, 12,000, or 15,000 miles.
Okay, now that you’ve completed the preliminary steps, you’re ready to research if your Mercedes-Benz dealership is offering any incentives or special offers in your area. Once you arrive at the dealership, keep your budget locked in your mind to avoid any financial pitfalls.
The final step: shop for insurance
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How much does a Mercedes-Benz GLA 250 lease cost?
You can expect to pay around $581 every month for a Mercedes-Benz GLA 250 lease.
The payment is calculated based on your credit score, lease term, and down payment. Sometimes you are eligible for special offers or incentives which can also affect the price.
Your down payment is going to affect the monthly payments in a big way. For example, a down payment of $1,376 will get you a monthly payment of $581.
One of the biggest factors that affect your monthly payment amount is your credit score. If your score isn’t amazing, you may want to consider taking some time to raise your score before leasing a Mercedes-Benz GLA 250.
Let’s take a look at this table to see how your credit score affects your monthly payments. We’re assuming you paid a capitalized cost reduction of $1,376, are getting a 36-month lease, and have a mileage limit of 12,000 miles.
Make sure you check with the dealership to see if you qualify for any special offers or discounts they may be offering to get the best deal possible.
Services included in a Mercedes-Benz GLA 250 lease
Trading up your car every few years is a big benefit to leasing a car. But there are other benefits and services that come with leasing. Mercedes-Benz offers the following perks to those who decide to lease:
Lower payments: Leased cars typically have lower payments compared to purchased cars.
Stylish ride: You can upgrade your car every two to three years.
Flexible end terms: You can return, buy, or re-lease your vehicle when the term is up.
Sales tax savings: Tax is usually based on the monthly payment, not the total vehicle value.
Gap waiver: Mercedes-Benz covers the difference between the insurance payout and the amount owed in the case of a total loss, minus your deductible.
Mercedes-Benz doesn’t specifically mention if there are any maintenance services included in their lease offers, but regular maintenance is needed to keep your ride running smoothly. Make sure you develop a relationship with a reliable mechanic.
What to do when your Mercedes-Benz GLA 250 lease is up
There are four things you can do when your Mercedes-Benz GLA 250 lease is up. You can:
Return the car and lease a new vehicle
Sign a new lease term on the vehicle you’re driving
Request a payoff quote and buy the vehicle
Check off the return list and turn in the vehicle
How to return a leased Mercedes-Benz GLA 250
If you’re ready to say goodbye to your Mercedes-Benz GLA 250 because you want an updated car, or because you just don’t need a vehicle anymore, you can turn the car in and walk away. In that instance, you’re free to sign a new lease or not. Just be sure you complete a return checklist to cover all your bases before handing over the keys:
Schedule a vehicle pre-inspection. This inspection is complimentary and takes place at a third-party inspection site. You’ll choose the location and time—you can even do it at home!
Review inspection results. You can view your inspection report online and make any repairs beyond the expected wear-and-tear on the vehicle.
Return your vehicle. Make sure you disconnect the car from your Mercedes me connect account to help the process go more smoothly.
Check your lease-end statement. This will be mailed to you and will detail the turn-in inspection conducted by a third party. The lease-end statement will go over any charges incurred from mileage overage or excess wear and use.
You did it! You successfully leased a Mercedes-Benz GLA 250.
How to purchase a leased Mercedes-Benz GLA 250
A great thing about Mercedes-Benz vehicles is that they retain their value well. If you’ve fallen in love with your Mercedes-Benz GLA 250, you can request a payoff quote and transfer your lease into a loan or cash payoff.
How to find the best car insurance for a Mercedes-Benz GLA 250 lease
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