Why are Lease Payments Higher Now?

When it comes to Mercedes-Benz lease payments, you deserve honesty and transparency.

One of the main reasons to consider leasing a vehicle is the savings. You’ll have a lower down payment, if you have one at all, and the monthly payments are smaller, as well.

But if you’ve noticed an increase in the cost of leases and monthly payments, you’re not alone. Recently, there has been an uptick in costs, and these are just a few of the reasons why.

There Are Fewer Vehicles Available

Scarcity drives value, which is one of the reasons there has been an increase in the cost of leasing. Shortages and supply line disruptions can make it difficult to supply drivers with the parts they need to repair and upgrade their vehicles.

Those same shortages can also mean that vehicles aren’t being produced at the same rate or capacity as they have been in the past. Fewer vehicles means that those cars which are available will be worth more.

There Are Fewer Incentives

Most of the time, manufacturers offer incentives and benefits for leasing a vehicle, and those incentives can lead to big savings on the new Mercedes-Benz cars you love.

But with inventory shortages being what they are, manufacturers are simply trying to keep up with demand and meet their budgets. To that end, many incentive programs have been paused, which may contribute to a visible rise in leasing costs. 

Learn More at Mercedes-Benz of Burlington

Leasing may be a little more costly than it has been in the past, but don’t worry. With the support of Mercedes-Benz of Burlington, you’ll be able to find the right car at the right price. Schedule a financing appointment or test drive at our dealership today.

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