Post Signing Lease Considerations
#1
Post Signing Lease Considerations
I'm just starting a lease on a 2018 C43 Coupe. Fun car to drive but am already anticipating going over the allotted mileage by as much as 10,000 - 15,000 over the course of three years. Wondering what the best options would be if this is the case. Don't think I'd want to pay off the residual and buy the car so it would seem either paying the difference ($2K-$3K) on turn-in or parking it for a while at lease end are the options. Also wondering how most dealers handle this. I would assume that they're happy to ignore the excess mileage (within reason) if your intention is to turn around and sign another lease from them again.
#2
Newbie
There are a number of different ways to combat this.
A lot of times, there are "pull ahead" deals at the end of your lease - meaning the MBFS picks up a couple of payments and allows you to end the lease early (no mileage penalty) to sign a new lease.
The dealer can also purchase the car from MBFS, meaning then the dealer is responsible for the car, thus eliminating any overage. There is no guarantee this would be the case though.
depending if the car has equity in it or not, you can purchase the car, sell it yourself, or trade it in on a different one.
MBFS also has a $500 turn-in forgiveness for both mileage/damage and waives the $600 turn-in if you purchase/lease another Mercedes.
All is not lost, there is options. Enjoy your car!
A lot of times, there are "pull ahead" deals at the end of your lease - meaning the MBFS picks up a couple of payments and allows you to end the lease early (no mileage penalty) to sign a new lease.
The dealer can also purchase the car from MBFS, meaning then the dealer is responsible for the car, thus eliminating any overage. There is no guarantee this would be the case though.
depending if the car has equity in it or not, you can purchase the car, sell it yourself, or trade it in on a different one.
MBFS also has a $500 turn-in forgiveness for both mileage/damage and waives the $600 turn-in if you purchase/lease another Mercedes.
All is not lost, there is options. Enjoy your car!
#3
There are a number of different ways to combat this.
A lot of times, there are "pull ahead" deals at the end of your lease - meaning the MBFS picks up a couple of payments and allows you to end the lease early (no mileage penalty) to sign a new lease.
The dealer can also purchase the car from MBFS, meaning then the dealer is responsible for the car, thus eliminating any overage. There is no guarantee this would be the case though.
depending if the car has equity in it or not, you can purchase the car, sell it yourself, or trade it in on a different one.
MBFS also has a $500 turn-in forgiveness for both mileage/damage and waives the $600 turn-in if you purchase/lease another Mercedes.
All is not lost, there is options. Enjoy your car!
A lot of times, there are "pull ahead" deals at the end of your lease - meaning the MBFS picks up a couple of payments and allows you to end the lease early (no mileage penalty) to sign a new lease.
The dealer can also purchase the car from MBFS, meaning then the dealer is responsible for the car, thus eliminating any overage. There is no guarantee this would be the case though.
depending if the car has equity in it or not, you can purchase the car, sell it yourself, or trade it in on a different one.
MBFS also has a $500 turn-in forgiveness for both mileage/damage and waives the $600 turn-in if you purchase/lease another Mercedes.
All is not lost, there is options. Enjoy your car!