Another Lease Turn in ?
Thread Starter
Newbie
Joined: Oct 2007
Posts: 13
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2006 ML500 and 2005 SLK350
Another Lease Turn in ?
How does it work when you have leased through someone other than MB Finance? We have an 08 ML 320 w/ 42K due to be turned in Dec. and the residual is in our favor at this point. US Bank (Yes that US Bank) shared that we can take can have the dealer call for the trade off value ? So if we leased through the dealer they have to know the residual and they are going to now know this trade off #. Where does that leave me the customer in the deal if I thought I have some upside here towards a new lease or purchase? Thanks for the advice in advance - this forum always seems to have those in the know.
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
How does it work when you have leased through someone other than MB Finance? We have an 08 ML 320 w/ 42K due to be turned in Dec. and the residual is in our favor at this point. US Bank (Yes that US Bank) shared that we can take can have the dealer call for the trade off value ? So if we leased through the dealer they have to know the residual and they are going to now know this trade off #. Where does that leave me the customer in the deal if I thought I have some upside here towards a new lease or purchase? Thanks for the advice in advance - this forum always seems to have those in the know.
Is you intention to do one of the above?
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
Thread Starter
Newbie
Joined: Oct 2007
Posts: 13
Likes: 0
2006 ML500 and 2005 SLK350
If the ML 320 is retailing from 36-39K with this type of mileage and our residual or lease in purchase price is 27.9K. We will have all but paid off the remaining payments.
I don't plan to buy the ML, would like trade it towards a new ML. Sales tax on the equity portion? I guess it's called equity or trade in.
Anyway feel for once I'm on the right side of the deal and would like to see a sample of how the transaction would go?
Thank you for the help-
I don't plan to buy the ML, would like trade it towards a new ML. Sales tax on the equity portion? I guess it's called equity or trade in.
Anyway feel for once I'm on the right side of the deal and would like to see a sample of how the transaction would go?
Thank you for the help-
Former Vendor of MBWorld
Joined: Jan 2005
Posts: 583
Likes: 0
From: Cincinnati, OH
If the ML 320 is retailing from 36-39K with this type of mileage and our residual or lease in purchase price is 27.9K. We will have all but paid off the remaining payments.
I don't plan to buy the ML, would like trade it towards a new ML. Sales tax on the equity portion? I guess it's called equity or trade in.
Anyway feel for once I'm on the right side of the deal and would like to see a sample of how the transaction would go?
Thank you for the help-
I don't plan to buy the ML, would like trade it towards a new ML. Sales tax on the equity portion? I guess it's called equity or trade in.
Anyway feel for once I'm on the right side of the deal and would like to see a sample of how the transaction would go?
Thank you for the help-
