Lease end buy out

filip75 · 12-27-2008, 01:24 PM

Right now I'm in Iraq and don't have the means to effectively communicate with MB Financial, so I wanted to ask your guys' opinions.

Currently I have an 06 CLK-350. The lease ends in March. By lease end I will just a little shy of getting all of my allowed miles on the car (about 33K, I think). The buy out price, from what I recall is about $27K, while similar vehicles can be found on the "Bay" for $20-22.

So, from your experience, whould it be possible to negotiate/change the buy out price price with MB Financial? Do they ever budge that much from the contract? Does the current state of economy have any effect on this? The way I see it, MB will end up putting the car on auction, where some "Bay" wholesaler will end up getting it for $18-19K and will sell it later for $22-23. I figure that if I can't buy it from MB for cheap, then I'll go used AMG from the "Bay".

What are your thoughts?

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Satan · 12-28-2008, 04:48 PM

I belive they see it as a contract and will not work with you. This is what I have read on here and heard from people with leases.

filip75 · 12-28-2008, 04:58 PM

If that is the case, then sucks to be them

MomsBenz · 12-29-2008, 12:52 AM

I could be wrong, but I was told that the buy out price is negotiable. Like you said, the car will be sent to auction so they would rather deal on a price and have you keep it (although, they really want to get you into a new one) if they know you are going to walk away and not lease a new one I bet they negotiate the price of your buy out for you. GL! And be safe in Iraq!

mac911 · 01-02-2009, 01:02 PM

I have heard a lot of people say they won't move on the price, but I have heard others say that MBF straight-up offered to take a couple thousand off the price. I would certainly ask, if it is something you would like to consider.

However, I would not get my hopes up.

Crispix · 01-02-2009, 07:02 PM

I was in almost the exact same situation as you: similar car, same year, etc. End of story is that they did in fact negotiate on the residual and I bought my car for less than Blue Book. This happened just last week. See my original thread for details . . .

A C · 01-06-2009, 12:27 AM

They do negotiate. They were $10k back of my original residual right off from the start. They need to come down another $5k. My lease is up in March.

LeaseCompare · 01-07-2009, 08:30 PM

There is a limit on how far they will go. The best strategy is to let them call you and act disinterested in buying it. The more they know you want to buy it, the less they will tend to negotiate.

BeantownFlyer · 01-12-2009, 05:55 PM

They have told me that the reps on the phone dont have the authority to negotiate, but that the man in the windowless room sets buyout prices at least monthly based on the wholesale auctions.

My R-500 with a 40,500 residual was offered to me at $26.5k 3 months before lease end. I kept calling back, and it kept dropping - now down about $3k from that price. The amount is in the system, and they just offer it up.

boylston · 01-18-2009, 03:24 PM

Go to the dealer. You will get a better price buying it back from the dealer than from MB credit.

12-28-2008, 04:58 PM	#3
filip75 Member Garage is empty, add now Join Date: Nov 2003 Location: San Antonio, TX Posts: 123 Drives: 2006 CLK-350; 2006 Yamaha R6 Raven	If that is the case, then sucks to be them __________________ [b]Automotive-DIY.com .

12-29-2008, 12:52 AM	#4
MomsBenz Super Member Garage is empty, add now Join Date: Apr 2008 Location: California Posts: 624 Drives: 2011 GL450	I could be wrong, but I was told that the buy out price is negotiable. Like you said, the car will be sent to auction so they would rather deal on a price and have you keep it (although, they really want to get you into a new one) if they know you are going to walk away and not lease a new one I bet they negotiate the price of your buy out for you. GL! And be safe in Iraq! __________________ ~K~

01-02-2009, 01:02 PM	#5
mac911 MBWorld Fanatic! Garage is empty, add now Join Date: Jan 2008 Posts: 1,176 Drives: C300 Sport/Palladium Silver on Black/P2	I have heard a lot of people say they won't move on the price, but I have heard others say that MBF straight-up offered to take a couple thousand off the price. I would certainly ask, if it is something you would like to consider. However, I would not get my hopes up. __________________ 2008 C300 Sport Palladium Silver, P2 Package, Auto 2009 SLK 350 P1 & Heating - Sport Motor

01-06-2009, 12:27 AM	#7
A C Member Garage is empty, add now Join Date: Dec 2006 Location: SF Bay Area Posts: 75 Drives: 2011 E350	They do They do negotiate. They were $10k back of my original residual right off from the start. They need to come down another $5k. My lease is up in March. __________________ MB E430 > BMW M3 SMG > MB CLK > VW GTI > 07 MB E350 > 09 MB E350 > 11 MB E350 P2 Leather (yes, again)

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12-28-2008, 04:48 PM	#2
Satan Member Garage is empty, add now Join Date: Jan 2008 Posts: 248 Drives: I can't afford	I belive they see it as a contract and will not work with you. This is what I have read on here and heard from people with leases.

01-02-2009, 07:02 PM	#6
Crispix Newbie Garage is empty, add now Join Date: Dec 2008 Posts: 6 Drives: CLK 350 Cabriolet	I was in almost the exact same situation as you: similar car, same year, etc. End of story is that they did in fact negotiate on the residual and I bought my car for less than Blue Book. This happened just last week. See my original thread for details . . .

01-07-2009, 08:30 PM	#8
LeaseCompare Former Vendor of MBWorld Garage is empty, add now Join Date: Jan 2005 Location: Cincinnati, OH Posts: 583	There is a limit on how far they will go. The best strategy is to let them call you and act disinterested in buying it. The more they know you want to buy it, the less they will tend to negotiate.

01-12-2009, 05:55 PM	#9
BeantownFlyer Junior Member Garage is empty, add now Join Date: Apr 2007 Location: Boston Posts: 23	They have told me that the reps on the phone dont have the authority to negotiate, but that the man in the windowless room sets buyout prices at least monthly based on the wholesale auctions. My R-500 with a 40,500 residual was offered to me at $26.5k 3 months before lease end. I kept calling back, and it kept dropping - now down about $3k from that price. The amount is in the system, and they just offer it up.

01-18-2009, 03:24 PM	#10
boylston Member Garage is empty, add now Join Date: Apr 2006 Location: Boston Posts: 191 Drives: 2010 C300 4Matic Arctic White, 2008 BMW X3 Silver (gone), 1998 S320 Smoke Silver	Go to the dealer. You will get a better price buying it back from the dealer than from MB credit.

01-18-2009, 03:24 PM
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