Is it a good idea to buy out my 07 R350

[magicman320]

Im at the end of my lease. 35k miles, Navigation, Black /Black. MB Financial wants $27k at 8% Is that a good deal? P.S. I LOVE THE CAR.

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[CEB]

Originally Posted by magicman320

Im at the end of my lease. 35k miles, Navigation, Black /Black.
MB Financial wants $27k at 8% Is that a good deal?
P.S. I LOVE THE CAR.

...a few things to think about.

What is the Edmunds price for your car? What are the local prices for cars like your's at dealerships and private party?

I'd think that you can do much better than 8% from your local credit union (assuming you have decent to good credit.) My local credit union is offering 3.75% for up to 60 months...

[LeaseCompare]

Looks like you about right on the money for a wholesale purchase.

Auction Values

Sale Prices for Week Ending June 3, 2009.

2007 Mercedes R350

Above Average: $30,147 - Mileage: 18,975
Average: $27,075 - Mileage: 37,949
Below Average: $24,003 - Mileage: 56,924

Total Sold: 7

Keep in mind vehicles sold at auction have incurred expenses for reconditioning, transportation, and auction run/sell fees.

These expenses need to be taken into consideration when placing a value on a vehicle you are looking to buy/sell.

Use "Drive It Now" to see instant lease and loan payments.

Visit FrontRowCars.com if you are looking to buy or sell one. We can also search auction run lists and buy it for you at wholesale.

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Originally Posted by magicman320

Im at the end of my lease. 35k miles, Navigation, Black /Black.
MB Financial wants $27k at 8% Is that a good deal?
P.S. I LOVE THE CAR.