How does the turn in process work at lease compare?
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
It's basically the same as any lease.
Your vehicle will be turned into a local dealer or auction at lease end.
Prior to turning it in an inspection is done by a third party. At this time any wear & tear damage is disclosed. You have the option to repair any damage or pay any fees related to it.
If you feel that the damage is within normal wear and tear then we would be happy to verify this and work with the bank to resolve the issue.
Your vehicle will be turned into a local dealer or auction at lease end.
Prior to turning it in an inspection is done by a third party. At this time any wear & tear damage is disclosed. You have the option to repair any damage or pay any fees related to it.
If you feel that the damage is within normal wear and tear then we would be happy to verify this and work with the bank to resolve the issue.
MBWorld Fanatic!
Joined: Jun 2002
Posts: 1,436
Likes: 11
From: Treasure Coast
2018 Mclaren 720s, 2021 Aston Martin DBX
I assume the car is appraised like any other trade-in with the value based on previous local auctions.
If the value of the car less damage deductions is greater than the lease residual, are there still damage charges?
If the value of the car less damage deductions is greater than the lease residual, are there still damage charges?
