2010 GL450 Lease Buyout
#1
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GL450
2010 GL450 Lease Buyout
Dear all,
I am thinking of buying out my leased GL450 by the end of this year. The residual value is about $39K... Is it possible to negotiate it down with MBUSA? Has anyone done that before? Please advise. Thanks.
Cougarcougar
I am thinking of buying out my leased GL450 by the end of this year. The residual value is about $39K... Is it possible to negotiate it down with MBUSA? Has anyone done that before? Please advise. Thanks.
Cougarcougar
#2
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C250,GLK350
There was a time when the U/C market was in trouble and the banks were willing to deal to hedge against the auctions but now is not one of those times. The U/C market is healthy right now and if you think 39K is not a fair price for your GL then dont buy it. 99% of all leases are "closed end" so you know what you are in for at the end of the lease...helps from them asking for more at the end of the lease which they probably could do right now as 2010s retail in the mid to high 40s.
#3
The used car market is strong now because the economy is weak and many people dont have the cash to buy new, or cant get financing because they dont have equity in their homes anymore. So the strong demand for used is keeping prices firm which means negotiating down lease buybacks arent as common as in the past. $39K for a 3 yr old GL is a decent price
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There was a time when the U/C market was in trouble and the banks were willing to deal to hedge against the auctions but now is not one of those times. The U/C market is healthy right now and if you think 39K is not a fair price for your GL then dont buy it. 99% of all leases are "closed end" so you know what you are in for at the end of the lease...helps from them asking for more at the end of the lease which they probably could do right now as 2010s retail in the mid to high 40s.
Thanks.
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The used car market is strong now because the economy is weak and many people dont have the cash to buy new, or cant get financing because they dont have equity in their homes anymore. So the strong demand for used is keeping prices firm which means negotiating down lease buybacks arent as common as in the past. $39K for a 3 yr old GL is a decent price
So true...
#6
Furthermore, there is an indicator called the Manheim Index which shows how strong the used car market has been in the past year or two:
http://www.manheimvalueindex.com/Use...hly_Index.html
http://www.manheimvalueindex.com/Use...hly_Index.html
#7
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C250,GLK350
The used car market is strong now because the economy is weak and many people dont have the cash to buy new, or cant get financing because they dont have equity in their homes anymore. So the strong demand for used is keeping prices firm which means negotiating down lease buybacks arent as common as in the past. $39K for a 3 yr old GL is a decent price
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#8
The used car market is strong now because the economy is weak and many people dont have the cash to buy new, or cant get financing because they dont have equity in their homes anymore. So the strong demand for used is keeping prices firm which means negotiating down lease buybacks arent as common as in the past. $39K for a 3 yr old GL is a decent price