Leasing Options

Offered for both New and Pre-Owned vehicles up to eight model years old, the "unlimited kilometre" (or Open-End) lease [5] allows you to make a set number of monthly payments for a variety of monthly terms. Your payment amount depends on the vehicle you choose, the length of your lease term and the applicable interest rate.

At the regularly scheduled end of a Closed-End Lease (Lease Maturity) you may return the vehicle without any liability for the lease-end value. You will be responsible for any excess kilometres and excess wear and tear and other amounts due and owing under your lease. At lease maturity you may choose to:

1. Return your vehicle to your dealer, pay any fees and charges and lease or purchase a new vehicle
2. Extend your current lease [1]
3. Buy your vehicle at the predetermined Purchase Option Price as stated on your lease agreement [2] (we can finance this purchase for you [1]).

A Closed-End Lease is ideal for individuals with predictable driving habits since this type of lease limits the amount of kilometres that can be driven during the lease term.

Custom Kilometrage Options

Lower Kilometrage Allowance Option: This option offers a maximum driving distance allowance of 12,000 kilometres per year.

Low Kilometrage Allowance Option: This option offers a maximum driving distance allowance of 18,000 kilometres per year.

Standard Kilometrage Allowance Option: This option offers a maximum driving distance allowance of 24,000 kilometres per year.

High Kilometrage Allowance Option: This option enables those who know they will exceed the Standard Kilometre Allowance to purchase extra kilometres in advance at a set rate. See your Dealer for details. At the scheduled end of a High Kilometrage Lease you will be refunded for any unused kilometres [3] that were originally purchased at lease signing.

By knowing your kilometrage requirements in advance you can optimize your lease savings!

Note: For Closed-End Leases, a refundable security deposit equivalent to approximately one monthly payment [4] may be required at lease signing to ensure the vehicle is returned without physical damage, excess wear and tear or excess kilometres. If at the scheduled end of the lease the vehicle has been driven in excess of the driving distance allowance agreed upon at lease signing, an excess kilometre charge is levied. Excess kilometre charges vary by vehicle and kilometrage allowance; please contact your dealer for details.

^{[1] Subject to credit approval.
[2] Not available in all provinces.
[3] Subjected to restrictions, see the terms of your lease for details.
[4] Some lessee's may be required to provide a larger security deposit.
[5] Available for commercial customers only. Not available in the provinces of Québec or British Columbia.}

Offered for both New and Pre-Owned vehicles up to eight model years old, the “walk away” (or Closed-End) lease [5] allows you to make a set number of monthly payments for a variety of term lengths.Your payment amount depends on the vehicle you choose, the length of your lease term and the applicable interest rate.

At the end of an Open-End lease, you are responsible for the value of the vehicle. You may be required to make an additional payment to cover the difference between the actual value of the vehicle at lease end and the residual or lease-end value agreed upon at lease signing. However, if the actual value of the vehicle is more than the value on your lease, then you are entitled to the difference. Actual value refers to the net sale proceeds that Mercedes-Benz Financial Services receives upon disposition of the vehicle. 

This added obligation of an Open-End lease is offset by a lower monthly lease payment and the elimination of kilometrage restrictions!

^{[5] Available for commercial customers only. Not available in the provinces of Quebec or British Columbia.}