lease payoff question
#1
Junior Member
Thread Starter
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?
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?
#2
Out Of Control!!
Join Date: Jun 2008
Location: Earth
Posts: 10,557
Likes: 0
Received 18 Likes
on
18 Posts
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?
Also, what do you mean by selling it through the Dealer? Do you mean by selling it to the Dealer?
#3
Junior Member
Thread Starter
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.
#4
Member
Join Date: Sep 2008
Posts: 98
Likes: 0
Received 0 Likes
on
0 Posts
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.