Mercedes-Benz of Peoria
 Sales & Service 309-243-7000
2322 W Van Winkle Way Peoria, IL 61615
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Mercedes-Benz of Peoria Peoria IL

Mercedes-Benz Leasing & Lease-End Options

At Mercedes-Benz of Peoria, we offer competitive leasing terms on a great selection of new Mercedes-Benz models. Whether you are looking for a new luxury sedan, crossover, or SUV, you’re sure to find the perfect new Mercedes offer perfect for your budget and lifestyle demands.

From leasing benefits and lease return options to early lease termination options and how to trade in your current lease, our finance experts are here to guide you through the leasing process today to help you get into your new vehicle. Contact Mercedes-Benz of Peoria’s finance team today to get started or if you have any questions.

Lease-End Steps

Return Your Vehicle

If you’re interested in returning your current vehicle and getting behind the wheel of a new Mercedes-Benz, Mercedes-Benz of Peoria can help with that transition.

Purchase Your Vehicle

If your current car is too perfect to let go of, Mercedes-Benz of Peoria and Mercedes-Benz Financial Services can help you with the steps to purchase it.

Mercedes-Benz Loyalty Program

If you replace your off-lease vehicle with a new Mercedes-Benz vehicle, we will credit your account for excess wear and use charges up to $500. Plus, if you lease or finance your next Mercedes-Benz vehicle with Mercedes-Benz Financial Services (MBFS), you will receive a credit for the vehicle turn-in fee, up to $595. It’s our way of thanking you for choosing to stay with us

Prepare for Lease-End

Once you’ve made your decision, the process for returning your vehicle starts approximately four months prior to your lease maturity date and should include the following steps:

Step 1: Schedule Your Vehicle Pre-Inspection

Prior to turning in your leased vehicle, schedule your complimentary pre-inspection with the independent third-party inspection company. You choose the time and location that’s most convenient, including at home, at work or another convenient location of your choosing.

Visit AutoVIN login page to schedule online or contact the AutoVIN Call Center at 800-556-2811 for assistance.

Step 2: Review Pre-Inspection Results

Review your pre-inspection report available online at AutoVIN. Then explore the option of repairing any excess wear and use items with Mercedes-Benz of Peoria in advance of your expected vehicle return date.

Please note, if you are replacing your off-lease vehicle with a new Mercedes-Benz, we will credit your account for excess wear and use charges up to $500.

Step 3: Return Your Vehicle

Contact Mercedes-Benz of Peoria to schedule a day and time to return your vehicle.

Prior to returning your vehicle, be sure to detach your vehicle from your Mercedes me connect account. You can do so in the Mercedes me portal, Mercedes me connect app. Upon detachment, your vehicle will be removed from your Mercedes me account and all the services will be deactivated. By removing the connection between you and your vehicle, this allows for a smoother transition into your new Mercedes-Benz vehicle. This detachment means that your vehicle is no longer tied to your account.

Step 4: Lease-End Statement

Get your final lease-end statement in the mail, detailing any charges incurred for mileage overages and/or excess wear and use. Charges will be based on the final, third-party vehicle inspection to be conducted at vehicle turn-in.

Benefits of Leasing

Leasing is a great way to enjoy a new Mercedes-Benz every few years and offers a range of flexible terms to choose from. Unlike financing, a lease only has you pay based on the Mercedes-Benz depreciated value. The finance experts at Mercedes-Benz of Peoria will work with you to find the best lease plan based on your lifestyle, budget, and mileage needs. Leasing also offers great options for early lease returns, loyalty programs, and even the ability to trade-in your lease! Additional Mercedes-Benz lease benefits include:

  • Lower Payments
  • Lease-End Flexibility
  • Sales Tax Savings
  • Warranty coverage

Benefits of Financing

Financing a new or pre-owned Mercedes-Benz allows you to enjoy all the perks of Mercedes-Benz ownership. From the ability to keep your vehicle for as long or short as you want and the freedom to repair your vehicles at your own discretion to experiencing a payment-free lifestyle and the ability to resell or trade-in, financing is a great option for anyone interested in a long term investment. Additional Mercedes-Benz finance benefits include:

  • Available Balloon Financing option
  • Less worry about wear and miles
  • Build equity, refinance, or sell
  • Car Modifications

Why Choose Mercedes-Benz of Peoria

Mercedes-Benz of Peoria is part of the Leader Automotive Group which helps you unlock competitive prices on all inventory, services, and financing! Our strong and committed sales staff have years of experience satisfying our customers’ needs. Shop our impressive Mercedes-Benz inventory and visit our finance department to drive off in your dream car today! At Mercedes-Benz of Peoria, we also offer:

  • Wide range of financing and leasing options
  • Unparalleled Mercedes-Benz automotive service
  • Competitively priced pre-owned vehicles
  • Boutique with the full line of Mercedes-Benz lifestyle accessories

Lease & Financing FAQs

What is Balloon Financing?

Balloon Financing offers the privileges of owning with one lump sum balloon payment at the end of the finance term, resulting in lower monthly payments than standard financing.

What is a “Gap Waiver”?

If your vehicle is declared a total loss, we’ll cover the difference between the insurance proceeds and the balance owed to Mercedes-Benz Financial Services, less any deductible.

How long do leases last?

When you lease, you’ll be able to get a new vehicle every two to three years (typical lease term 24-36 months). Plus, shorter lease cycles allow for the leasing of new vehicles with the latest technology.

Are there any travel restrictions?

Leased vehicles are restricted to the United States. However, limited vacation arrangements may be made for up to 30 days in Mexico and Canada. Please call 1.800.654.6222 for details and assistance.

What fees or expenses am I responsible for through The First Class Lease?

As a lessee, you are responsible for: payment of license plate and registration fees, sales and personal property taxes, parking tickets, and other traffic citations. See your lease for further details.

What happens if I move/change my address doing my lease contract?

If you need to update your Billing and/or Garaging Address, you can do so while logged in to by selecting "Update Personal Info," or on the My MBFS app. You may also include your new address on the Invoice Remittance when you send in your monthly payment, or call the Client Services Center at 1.800.654.6222. Changes to your Garaging Address (this pertains to lease accounts only) may result in a tax increase or decrease on your account. For more information on the tax impact of changing your Garaging Address, please contact your local Department of Motor Vehicles (DMV). For assistance in locating the DMV for your state, you may visit

How do I re-register my automobile if I move to another state?

Mercedes-Benz Financial Services will provide you with the documentation for registration in your new state. Just give us your new address using one of the following two options:

  • Call the Client Service Center at 1.800.654.6222.
  • Include your new address on the Invoice Remittance form when you send your monthly payment.
Which taxes am I responsible for paying when leasing?

Generally speaking, all taxes assessed to your leased vehicle are your responsibility. For more information, review your copy of the lease agreement, or call the Client Service Center at 1.800.654.6222.

When do my financial obligations with Mercedes-Benz Financial Services end?

Your financial obligation ends with your last payment, provided no other charges are outstanding. You may pay off the remaining balance of your loan at any time before the last payment is due.

How can I determine my payoff amount?

You can access your Account Information on, the My MBFS app, or by calling our 24-hour Automated Information Line at 1.800.654.6222. You can also contact Mercedes-Benz of Peoria for details. If you are currently using the Auto Pay program to make monthly payments, please request cancellation of Auto Pay at least 10 days prior to paying off or trading in your vehicle to ensure that the funds are not debited in error.