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End of lease questions

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Old 04-02-2011, 08:10 PM
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2011 C300
End of lease questions

hey guys, i wanted to ask, when a lease ends and you passed your mileage limit, you just need to pay the amount of miles you passed right?(in my case 0.20 cents per mile as it says on the lease). im pretty sure that ill pass my mileage limit. i dont need to tell mercedes benz or anything, ill just pay it at the end right?
Old 04-02-2011, 09:32 PM
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You can do that or you can tell the dealer 3 months before your lease is up and buy extra miles at 10 cents per mile .
Old 04-02-2011, 09:35 PM
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wait a minute, can i tell my dealer now and buy extra miles for 10 cents per mile now?
Old 04-02-2011, 10:07 PM
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I don't see why not , my dealer told me as long as you think your gonna go over you can buy more milage . But has to be at least 3 months before the term is up .
Old 04-02-2011, 11:14 PM
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i see, and why is it going to be 10 cents per mile? or that was only for your lease? is it like if u tell them before your lease is up it will be 10 cents instead of 20 cents(as on my lease)?

and say u purchased miles and at the end of the lease you havent used up all your additionally purchased miles, do they refund u anything or no?
Old 04-02-2011, 11:17 PM
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Originally Posted by hitokiri89
You can do that or you can tell the dealer 3 months before your lease is up and buy extra miles at 10 cents per mile .
Are u sure about this? I called MB Financial and they said I can get the additional miles but at the same rate of 0.20 per mile. I am more than 3 months from the lease end, is it only offered within 3 months of lease end?
Old 04-02-2011, 11:40 PM
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I never did it I'm just reciting what my dealer told me .
Old 04-03-2011, 05:57 AM
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I heard the same thing, that is cheaper to buy mileage before the lease ends, but don't know how true is that.
Old 04-03-2011, 09:10 AM
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My brother has been leasing cars for the last 20 years or so and he is always over but he has told me if he leases anouther of the same brand they will eat the miles. Not sure if this is true or not as I have never leased. I have also heard that most car makers will take a leased car back early if you plan on staying with that brand.
Old 04-03-2011, 11:35 AM
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wow i see, can u ask him and let me know if they will really eat the extra miles ? i will lease a 2013 or 2014 C300 for sure , thats not a problem once my lease ends.
Old 04-04-2011, 04:53 AM
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Originally Posted by Ron Jr
My brother has been leasing cars for the last 20 years or so and he is always over but he has told me if he leases anouther of the same brand they will eat the miles. Not sure if this is true or not as I have never leased. I have also heard that most car makers will take a leased car back early if you plan on staying with that brand.
This is true...they usually do eat the miles if you lease with the same dealer again...
Old 04-04-2011, 07:54 AM
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I'm pretty sure I'll take another Benz when my lease ends, what if they decline to eat the miles? It will be like 10,000 extra miles
Old 04-04-2011, 10:54 AM
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Whether or not a dealer eats the miles totally depends on the dealer...some do it and some don't. My 07 C280 and my parents 07 E350 went back at the same time...we were both over miles and we were both releasing another Mercedes through them. The best they would do is to eat half of the miles (I think both cars were over 3,000 miles).

Honestly...there is no way a dealer is going to eat an extra 10,000 miles! MAYBE if you're upgrading from a C to an S, CL, or SL...but I highly doubt they're just gonna let that many miles slide if you're going with another C-Class...just too costly for them. Were you not paying attention to your mileage at all to go over by THAT much???

Mercedes does run a special promotion that they will take a car back 5 months early if you re-lease another Mercedes. So if you plan on getting another Benz you may want to look into this then to buy extra miles...whether you buy extra miles now or pay the fees at the end of the lease, it's still going to cost you $$$$$
Old 04-04-2011, 11:35 AM
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2011 C300
So I have a 33 month lease, u are saying I can return the car to the dealer after 28 months instead?
Old 04-04-2011, 12:56 PM
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Originally Posted by lamonsas
So I have a 33 month lease, u are saying I can return the car to the dealer after 28 months instead?
At the present time they are running this who knows if it will still be available in a couple of years.
Old 04-04-2011, 06:58 PM
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Depending on the model, usually C's, E's and ML's, and you lease through MB Financial, Mercedes will pull forward your lease, meaning you can turn your car 3-5 months early with no penalty as long as you lease or buy another MB. Great if you are over miles or have a major service due. It would be great if you can turn in the car early and have MB eat any extra miles. I've turned in my last 2 MB's this way.
Old 04-04-2011, 10:14 PM
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MB Financial will often send you a letter sometime after the first 12 months of your lease have passed. If you call, they'll sell you more miles and spread the cost over your remaining payments. So if you know you're going to go over, you can pay the overage slowly rather than pay it all at the end. I don't think there's a discount; I think you pay the same rate whether it's upfront or at the end.

If you buy additional miles during the lease term and don't use them, I think that you can get that amount refunded but I'm not 100% positive on that. Maybe someone else can either confirm or correct that. I know that you won't get anything refunded if you're under the regular contract mileage and you can't call during the term to reduce your mileage. You can only buy more, not sell any miles back.

Also if you want to pre-purchase more mileage, you don't have to call right at 12 months. You can actually call at any time, probably up to around 90 days to lease expiration as someone else mentioned, but obviously the longer you wait, the fewer months remain over which to spread the amount. However, if you're going to stick with Mercedes for your next car, I wouldn't pre-purchase any additional mileage because you very well may be able to get at least some of your overage waived as a sort of "loyalty discount."

Regarding whether you have any obligation to notify them during the lease term that you're over mileage, you don't have to do that. You just show up at your turn-in and they look at the final reading on the odometer.
Old 04-05-2011, 01:39 AM
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Originally Posted by stealcheatlie
This is true...they usually do eat the miles if you lease with the same dealer again...
That was not the case when my BMW lease ended, I when to the same dealer and I wanted to buy another 5 series and all they offered me was to void the last 3 payments and they wanted me to pay for the 5000 miles I drove over my limit, so I decided to sell it privately..
Old 04-05-2011, 12:35 PM
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Okay I see, I have another question guys. are there any other fees that need to be paid when you return the car ? Other than for the extra miles that I went over.
Old 04-05-2011, 05:59 PM
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Originally Posted by lamonsas
Okay I see, I have another question guys. are there any other fees that need to be paid when you return the car ? Other than for the extra miles that I went over.
I think there is a 600.00 or so closing fee.
Old 04-05-2011, 06:04 PM
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oh ok so there is also a closing fee, i was expecting that. so basically the closing fee and the miles i crossed over the limit.
Old 04-05-2011, 07:43 PM
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Originally Posted by lamonsas
Okay I see, I have another question guys. are there any other fees that need to be paid when you return the car ? Other than for the extra miles that I went over.
There's a turn-in fee plus mileage charges if you go over, any excess wear and tear, and any overdue maintenance if applicable. Concerning wear and tear, familiarize yourself with the "credit card test." You can find the details on the MBFS website but basically anything (with a few exceptions) that can be completely hidden underneath a credit card is not considered excess.

MBFS pretty much always waives the turn-in fee if you lease or finance another Mercedes through them. Sometimes they'll also waive some excess wear and tear up to a certain amount, say $500 or so. They won't waive overdue maintenance and typically don't waive mileage but the dealer might offer an incentive for that.
Old 04-05-2011, 07:54 PM
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what do u mean maintenance, as in if i didnt do an oil change and air/oil filter change? ill be returning the car before i hit the 40 K milestone so i dont think i will need to do any major maintenance on the car. Thanks alot for the info by the way.
Old 04-05-2011, 09:37 PM
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Scheduled maintenance as listed in the owner's manual. If you don't do it, they can charge you for it.
Old 04-06-2011, 12:14 PM
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Originally Posted by lamonsas
what do u mean maintenance, as in if i didnt do an oil change and air/oil filter change? ill be returning the car before i hit the 40 K milestone so i dont think i will need to do any major maintenance on the car. Thanks alot for the info by the way.
Maintenance is every 10K so f you break 40K one is due.


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