Notices
E-Class (W213) 2016 -

Leasing and buying

 
Old 08-29-2018, 05:12 PM
  #1  
Member
Thread Starter
 
mike82212's Avatar
 
Join Date: Jan 2014
Location: Baltimore, MD
Posts: 173
Liked 2 Times in 2 Posts
2018 E300 Luxury w/P2
Leasing and buying

looking to get possibly a 2018, 2019 CPO E300 latter this year or next. Have been looking at what's there and not many with P2 package or P3 and on top of that very few luxury versions, mostly sport. I'm will to wait to get what I want, but I'm sure there will be some compromises


So, what if I have built what I want and get a 2 or 3 year lease, I drive around 10, 000 a year and then buy at the end of the lease? I can't justify the payments for a new out the door car

Thanks
mike82212 is offline  
Old 08-29-2018, 05:18 PM
  #2  
MBWorld Fanatic!
 
rbrylaw's Avatar
 
Join Date: Aug 2004
Location: Tampa, FL
Posts: 3,325
Liked 268 Times in 223 Posts
2019 E450 4Matic & 2018 E400 4Matic
Originally Posted by mike82212 View Post
looking to get possibly a 2018, 2019 CPO E300 latter this year or next. Have been looking at what's there and not many with P2 package or P3 and on top of that very few luxury versions, mostly sport. I'm will to wait to get what I want, but I'm sure there will be some compromises


So, what if I have built what I want and get a 2 or 3 year lease, I drive around 10, 000 a year and then buy at the end of the lease? I can't justify the payments for a new out the door car

Thanks
Leasing with the option to buy at lease end works for a lot of people. Just make sure the residual value at lease end is not higher than the actual value of the car at that time. Otherwise, it wouldn't make sense to purchase it after the lease. Of course leasing to get the lowest payment possible is good if you're just going to flip the car to a new lease at the end. Paying a little more each month will help ensure the car isn't upside down at the end.
rbrylaw is offline  
The following users liked this post: rbrylaw
mike82212 (08-29-2018)
Old 08-29-2018, 05:39 PM
  #3  
MBWorld Fanatic!
 
Join Date: Jun 2011
Location: Canada
Posts: 2,119
Liked 146 Times in 134 Posts
W204
Originally Posted by rbrylaw View Post
Leasing with the option to buy at lease end works for a lot of people. Just make sure the residual value at lease end is not higher than the actual value of the car at that time. Otherwise, it wouldn't make sense to purchase it after the lease. Of course leasing to get the lowest payment possible is good if you're just going to flip the car to a new lease at the end. Paying a little more each month will help ensure the car isn't upside down at the end.
Depending on tax deduction rules lease and buy back can be a very unattractive offering. This is region specific but worth investigating if these tax deductions on motor expenses is something doable given employment eligibility.
superangrypenguin is offline  
Old 08-29-2018, 05:49 PM
  #4  
Member
Thread Starter
 
mike82212's Avatar
 
Join Date: Jan 2014
Location: Baltimore, MD
Posts: 173
Liked 2 Times in 2 Posts
2018 E300 Luxury w/P2
Taxes are not a issue, Iím retired and this is just for me.
mike82212 is offline  
Old 08-29-2018, 07:14 PM
  #5  
Super Member
 
Join Date: Apr 2007
Location: San Diego, CA
Posts: 673
Liked 103 Times in 91 Posts
2018 E400 Coupe, 2012 SLK350
If interested to purchase at the end of the lease, keep in mind in most cases MBFS will release the car to auction. You can work with any MB dealer to negotiate a purchase of the car prior to turn in, as they will be able to purchase the car from MBFS at a rate less than the residual in most cases.
teksurv is offline  
The following users liked this post: teksurv
mike82212 (08-29-2018)
 

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Thread Tools
Search this Thread
Rate This Thread
Rate This Thread:

Quick Reply: Leasing and buying


Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: