Leasing Options
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Walk Away Lease
Walk Away Lease
The “walk away” (or Closed-End) Lease allows you to make a set number of monthly payments for a variety of term lengths, with a limit to the amount of kilometres that can be driven during the lease term.
Offered for both New and Pre-Owned vehicles up to eight model years old, the “walk away” (or Closed-End) lease 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 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:
- Return your vehicle to your dealer, pay any fees and charges and lease or purchase a new vehicle
- Extend your current lease [1]
- 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.
Unlimited Kilometre Lease
Unlimited Kilometre Lease
In the “unlimited kilometre” (or Open-End) Lease, commercial customers can also make a set number of monthly payments for a variety of monthly terms, but without kilometre restrictions. However, at the end of an Open-End Lease you become responsible for the value of the vehicle. This option is not available in all provinces.
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 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.
Single Pay Option
Single Pay Option
Available for “walk-away” leases for a variety of monthly lease terms, this plan lets you make all of your monthly lease payments up front in one lump sum, instead of making a traditional monthly lease payment.
Lease Return Options
Lease Return Options
We strive to make your Lease Return Process as efficient as possible. The Mercedes-Benz Financial Services Lease Return Guide provides an overview of our vehicle condition guidelines in the event that you choose to return your vehicle. Please click on the link below to begin the step-by-step walk-through of the Lease Return Guide which provides information regarding excess wear and tear, excess kilometrage charges and a vehicle condition review checklist.
Contact Us
If you have any questions about your lease return options, call the Mercedes-Benz Financial Services Lease Maturity Department.
Additional Options
Financing Options
Owning your vehicle is unlike anything else. Review our financing options to customize a plan that works best for you.
First Class Protection Products
These customized protection products give you added piece of mind to complement your new Mercedes-Benz vehicle.
Customer Resources
Apply for credit, calculate payment estimates and manage your account online or via mobile.