lease payoff question - MBWorld.org Forums

Jul 1, 2011 | 08:58 PM

Clubrcr

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Joined: Feb 2007

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2015 ML63

lease payoff question

I have a 2010 E63 that I leased last year. I was thinking of selling it, and called Mercedes Financial to ask for a payoff. The number they gave me included all sales taxes. I was under the impression if I sold it to a dealer, the payoff would be less the tax.

The person on the phone said he couldn't give that information, I would have to speak with my dealer. Of course, they aren't quick to call me back.

I did this a few years ago with a Porsche and my payoff was 7% higher than the dealer's. So I sold it through the dealer. If i could do this again, I would sell it for the payoff which is just a bit higher than Manhiem's wholesale average. Someone would get a great deal.

Anyone know?

Jul 1, 2011 | 09:56 PM

K-A

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From: Earth

Porsche Macan S SportDesign / Ex M-B's: 11 & 10 & 06 E350's, 02 S500

I'd assume and I thought/think that if you choose to payoff the Lease, you could do it sans paying the tax?

Also, what do you mean by selling it through the Dealer? Do you mean by selling it to the Dealer?

Jul 1, 2011 | 10:06 PM

Clubrcr

Thread Starter

Junior Member

Joined: Feb 2007

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2015 ML63

Quote:

Originally Posted by K-A

I understand if I write a check to pay off the lease, the tax for the car has to be paid. If I sell the to the dealer, the dealer pays off the lease which there would be not tax paid, since I didn't continue to use the car. As you know, tax is only paid on the use or each payment.

If I found a buyer and the ran the car through the dealership, as a "courtesy trade", at that point the pay off should also be less the tax.

Jul 5, 2011 | 11:09 AM

scfishnman

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2011 E550 Sport (traded), 2012 SLK 350; 2013 GL450 on order for OCT delivery

When I traded in my Mercedes before the lease expired, Mercedes Benz Financial quoted a payoff amount including state sales tax. After the trade was completed, Mercedes Benz sent me a check covering the sales tax with the explanation that it was not charged since the car went to a dealer.