Choose Wisely: Finance or Lease Option

If you're in the market for a new Mercedes-Benz or a used car, you're in the right place. We understand that the process can be challenging to find your perfect vehicle in a sea of options from which to choose, especially in the Chico area.

Typically, there are two common options when purchasing a new vehicle in the Oroville area. They are leasing and financing. So, to better help you make an informed decision, we have put together a short guide below to help you decide which option is best for you.

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Important Privacy Information

Privacy Statement

As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your nonpublic personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), respond to court orders and legal investigations, or report to credit bureaus.

B) For purposes of processing a sale or lease transaction as your request or authorize, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company we control, or any company under common control with us.

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I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.

What is Leasing?

A lease is a kind of like an extended rental vehicle. You make monthly payments on a new vehicle, but you do not pay for the entire vehicle. Instead, you pay for only the portion of the vehicle you plan to use.

For example, if you were to lease a new Mustang, you might choose a two or three-year lease option. That means that each payment you make is paying for the miles and time you put into the car for that time. The rest of the vehicle price is kept in the vehicle.

What is Financing?

Financing is what you might expect it to be. It is one of the most common ways to purchase a new or used vehicle. Essentially, you get a loan from a lending institution and make payments on the vehicle until it is paid off in full.

Financing is a path toward ownership. There are dozens of options to choose from if you were to decide financing is best for you. Our finance specialists are capable of helping with flexible terms, rates, and more.

Leasing Vs. Finance

It is impossible to say which option is best for you, as each option has something to offer each type of person. However, if you love being in a new car every few years, a lease might be your best option. Driving something new every few years can be enjoyable in the Red Bluff area.

Leases are great because they are flexible and allow for more change over time. If you are the kind of person who does not like to fret over the idea of investing in long-term vehicle maintenance, leasing is your best bet.

Why? For the duration that you own a lease, your vehicle will remain under its factory warranty.

Financing is great for anyone looking for a used vehicle or someone who wants a forever vehicle. If you were to finance a vehicle, you are becoming its owner. This means you can do anything you'd like with your property.

Unlike a lease, you do not own the vehicle. You are only paying for the portion of the vehicle that you use. Because leased vehicles are not owned outright, there are many times restrictions on the number of miles you can drive them. So, be careful driving them far outside the Durham area.

So, if you do not want to remain conscious of how many miles you drive or simply wish to become an owner, financing a vehicle may be best for you.

See Us Today

Contact our professional finance team at Courtesy Mercedes-Benz and ask how we might help you achieve your vehicle dreams.

Your privacy is important to us.

Courtesy Automotive of Chico takes your privacy seriously and does not rent or sell your personal information to third parties without your consent. Read our privacy policy.


Courtesy Automotive of Chico

2520 Cohasset Rd.
Directions Chico, CA 95973

  • Sales: 530-345-9444
  • Service Center: 530-345-9444
  • Parts Center: 530-345-9444