![]() When an automaker wants to move cars off dealer lots, sometimes they may put more marketing dollars into lowering the cost of leases than in cash back or low finance rates on a purchased car. But you never have equity in the vehicle. ![]() It's generally agreed that a lease gives you more car for the money (monthly payment) versus an outright purchase. Leases have been many things to many people. The Genesis of the Car Subscription Service With the Mercedes-Benz collection, $1,095 plus taxes gets you a C 300 sedan or coupe, AMG CLA 45 sedan, GLC 300 SUV (photo) or hatchback crossover, C 300 Cabriolet, or SLC 300 Roadster. Compared with leases, luxury-car subscriptions may carry a premium of anywhere from 10 percent more to almost twice the price of a lease. The best-known subscription services are automaker programs for their own luxury brands. Unlike a lease, he or she can switch to a different vehicle multiple times a year, sometimes every few weeks. The driver only has to pay for fuel, tolls, and a deductible of (typically) $500 or $1,000 if there's an accident. ![]() A subscription provides a driver with the opportunity to drive and switch among multiple vehicles each year, all for a single preset price that covers the use of the vehicle, and usually insurance, maintenance, licensing, and taxes. A car subscription service is a new alternative to leasing. ![]()
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