Worth it or not... A) If you choose option 1: It depends how much you've to pay for the final GFV. I guess the amount could be extremely high because they actually want you to take option 2. B) If you take option 2: You're actually renting a car from Mercedes forever. It's a good business idea for mercedes to compete with banks in leasing game. No matter how, Mercedes is having advantage over buyers.
Suppose i take option 3 : return to mercedes . will i be able to use this current car, to make down payment for next car. I am not understanding 3rd point.
I got the quote from mercedes and did a full comparison of buying vs leasing via star, and it's pretty good value if you don't want to worry about maintenance costs and know you are not going to keep the car after 3/4 years. This is because the EMI you pay on the car is much much lower than what you would pay to buy it outright. basically a lease, and you can buy it from them at the end
Worth it or not...
A) If you choose option 1: It depends how much you've to pay for the final GFV.
I guess the amount could be extremely high because they actually want you to take option 2.
B) If you take option 2: You're actually renting a car from Mercedes forever.
It's a good business idea for mercedes to compete with banks in leasing game. No matter how, Mercedes is having advantage over buyers.
Great work
So the car ownership is belongs to car owner or Mercedes Benz?
i feel like a lease agreement
kian pink Ng it is a lease agreement.
Suppose i take option 3 : return to mercedes . will i be able to use this current car, to make down payment for next car. I am not understanding 3rd point.
So pay your down payment
Then pay 5 years of installment in 3 years
Then pay guaranteed value in lump sum
Daylight robbery I say
I got the quote from mercedes and did a full comparison of buying vs leasing via star, and it's pretty good value if you don't want to worry about maintenance costs and know you are not going to keep the car after 3/4 years. This is because the EMI you pay on the car is much much lower than what you would pay to buy it outright. basically a lease, and you can buy it from them at the end
No no... just get normal car loan