What lease term did you go for? and why?
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C300 SPORTS 4 MATIC
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MBWorld Fanatic!
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2016 C300
The higher the residual number the more the car is worth at the end of the term. Since on a lease your paying for the difference between what you buy the car for and what it'll be worth at the end divided by the number of months in the term, a high residual is good, but 24 months is going to be a high payment. Really, since there's only a point between 36 and 39 I'd go 39.
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From: San jose CA.
w205 c400 c63s
I have a question.. let say at the end of the lease you want to keep the car or let say purchase it.. do you pay the RESIDUAL value or depends on the market value of the car.. i get confuse with people leasing the car they keep the car if market value is high and they return if low value.. currently leasing c400 i like the car but i was thinking since its discontinued market price valuei s pretty low at the end of the lease.. Maybe you guys can help me so i know what to do at the end of the lease. Thanks
MBWorld Fanatic!
Joined: May 2008
Posts: 7,653
Likes: 560
2016 C300
I have a question.. let say at the end of the lease you want to keep the car or let say purchase it.. do you pay the RESIDUAL value or depends on the market value of the car.. i get confuse with people leasing the car they keep the car if market value is high and they return if low value.. currently leasing c400 i like the car but i was thinking since its discontinued market price valuei s pretty low at the end of the lease.. Maybe you guys can help me so i know what to do at the end of the lease. Thanks
You can also trade a lease car at any time in the lease. The payoff will be the sum of your remaining monthly payments plus the residual.
If you have a lease you've been in for awhile and you're significantly under on mileage, the market value may be enough to get you out plus some equity. Lots of options.
