It is not a coincidence that most popular Mercedes finance programme is a personal contract option that shows that many would rather own a Mercedes within a financial contract rather than buying a cheaper make or model of car outright.
In fact with a bit of research looking at all the car lease contract hire options, yon can often find deals that keep that monthly payment down. the emphasis is similar to what drives car sales in the USA, that it is more about how much it costs per month rather than the total investment cost.
This is because it is rare for personal contract to be cheaper or as costs effective when you add up all the payments, to buying the car and then having an asset to sell say after 3 years. but for many they see this as way of owning their preferred driving experience.
Fir business owners it can be a bit cheaper, in that they can claim back half of their VAT and set expenses against the business, that with the right choice of car, can be better than the company car tax they pay personally. Understanding if this is right for you, is the first priority, but don’t be surprised at the level of new cars that are purchased or leased this way, it is far more than you would imaging.