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I am in the same boat as a few here. 19 wagon coming off lease at the end of March. Residual 45K, 18K miles on it now, moderately optioned car, original MSRP 79K. Crazy to say, in the current market, that's a lot of car for 45K, I'd probably be dumb not to buy it, might find an extended warranty just because. I sent out for a bid from Carvana or something a couple weeks back, I think the offered 54K for it.
2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster
Originally Posted by fintail
I am in the same boat as a few here. 19 wagon coming off lease at the end of March. Residual 45K, 18K miles on it now, moderately optioned car, original MSRP 79K. Crazy to say, in the current market, that's a lot of car for 45K, I'd probably be dumb not to buy it, might find an extended warranty just because. I sent out for a bid from Carvana or something a couple weeks back, I think the offered 54K for it.
A month ago, Carvana offered me $49,000. Normally at lease end the lease is upside down, residual is higher than the market value, and I just give the car back to the dealer and get another new one. These times are different: a new one is at MSRP if you are lucky and usually a premium to MSRP. Now is not the time to buy a new car unless you have to.
I too have thought about an extended warranty, there are threads about the best rates, about $2300 for three years, up to 75,000 miles, but so far the only repair on my 2019 E450 has been the light switch: I have the exterior lighting package. The only reason I am considering buying my car at lease end, is that so far it has been flawless and has features, hands free access, cross traffic alert, full digital instrument cluster, that are missing on the 2022. It my car had not been trouble free I would not consider buying it. Hard for me to justify paying $12,600 more on a 36 month lease for a 2022 with the same MSRP as my 2019 but with missing features.
JTK - I think you are on the right track considering a loan instead of a lease and keeping your current car. Money factors are terrible and residuals don't reflect current elevated values, because nobody can predict when the used car bubble bursts. I financed my 2020 GLE because the 36mo lease payment was going to be over $1,100 per month, which was a crazy for a (admittedly very nice) 4 cyl GLE. And both my current E classes are financed, because I bought them as CPO cars, not new. (New cars have been scarce and lease numbers terrible, so it pointed me at relatively new certified pre owned cars for now...) Maybe leasing will make sense again at some point, but right now... I think you can make a strong case for purchasing "your own CPO" car and slapping an extended warranty on it until things calm down - and if they never calm down, we deal with future auto market conditions only when we absolutely have to.
I too have thought about an extended warranty, there are threads about the best rates, about $2300 for three years, up to 75,000 miles, .
I paid $2200 for the 3 additional years or 75K miles, which ever comes first. I also had an option to purchase a 3 year/100K miles warranty for $3200 but I know I won't hit 75K miles in seven years as my E450 wagon is not my daily driver.
2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster
Originally Posted by Lanzz
JTK - I think you are on the right track considering a loan instead of a lease and keeping your current car. Money factors are terrible and residuals don't reflect current elevated values, because nobody can predict when the used car bubble bursts. I financed my 2020 GLE because the 36mo lease payment was going to be over $1,100 per month, which was a crazy for a (admittedly very nice) 4 cyl GLE. And both my current E classes are financed, because I bought them as CPO cars, not new. (New cars have been scarce and lease numbers terrible, so it pointed me at relatively new certified pre owned cars for now...) Maybe leasing will make sense again at some point, but right now... I think you can make a strong case for purchasing "your own CPO" car and slapping an extended warranty on it until things calm down - and if they never calm down, we deal with future auto market conditions only when we absolutely have to.
MF: considering our present interest rate situation, the MF quoted on a new lease seem to be completely out of line. When I called MBFS I was told the interest rate on my present lease is .0025. I said that must be the MF and I was told "No the interest rate" and that of my $896 monthly payment $895.87 was going to reduce the residual. That is why I am thinking about "ordering" a 2022 and extended my lease until it comes in, which is basically an interest free loan.
However, by the time the new car comes in, 5 to 7 months, and if I reject it, which I think I will do, because of the missing features and the dealer charging MSRP but then saying that there is no equity in my lease (which is complete BS) the interest rates on financing will be higher offsetting any gain I have in the next 5 to 7 months paying the current monthly lease payment.
If indeed the current interest rates are 1.99% (I will check in February after my January 30 lease payment) the savings per month vs. .0025 on $43,000 is $37 a month, 7 months $259. If interest rates go to 2.99% in 7 months I will pay an additional $27 per month for 47 months. Taking the loan out in February is the "clean" way to do it and the more I think about it, what I should do.
Hopefully, by next year supply and demand will equalize and that will be the time to consider trading in my 2019 for a new car. If not I keep driving my 2019 E450.
This is truly a first world problem - so I must always keep that in perspective.
2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster
Originally Posted by fleuger99
I paid $2200 for the 3 additional years or 75K miles, which ever comes first. I also had an option to purchase a 3 year/100K miles warranty for $3200 but I know I won't hit 75K miles in seven years as my E450 wagon is not my daily driver.
Can you to share where you bought the extended warranty?
Can you to share where you bought the extended warranty?
Of course. However, the person I purchased it from (Cassandra Castro at Mercedes-Benz of Elmbrook in Wisconsin), unfortunately, I read on the forum she has since moved on and is no longer working at that dealership anymore but here is another person I reached out to at the same time, she was $100 more for the same contract and Cassandra got back to me in an hour with the quote so closed the purchased with her.
Correcting this, try this person as several folks on the forum said they got great deals from him. His name is:
2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster
Originally Posted by fleuger99
Of course. However, the person I purchased it from (Cassandra Castro at Mercedes-Benz of Elmbrook in Wisconsin), unfortunately, I read on the forum she has since moved on and is no longer working at that dealership anymore but here is another person I reached out to at the same time, she was $100 more for the same contract and Cassandra got back to me in an hour with the quote so closed the purchased with her.
Correcting this, try this person as several folks on the forum said they got great deals from him. His name is:
On the lease I turned in before the wagon (a final run 212), they offered to sell it to me for like 6K below residual. I bet that won't happen again!
I've had zero flaws with my car, which makes me think a warranty may be a waste, but I know these are complex cars. Peace of mind, but at a price. As you mention, lease rates on new cars, if they can even be found, are just stupid today (and I thought I paid a lot for mine as wagons don't lease as cheaply as sedans), and the feature set might not be as complete. I have lighting, widescreen, drivers assist, surround view, pano, 19" wheels (the multispoke type for lux package cars that I like), hands free, warmth and comfort, rear climate control, etc - sometimes wish I had HUD and acoustic, and designo interior would be nice, but I chose the car off the lot, the color combo is good, and the option load is almost perfect, so this might be the one. I think the car would still retail in the upper 50s with this mileage and being in a gentle climate, so it would still be a fair deal.
Originally Posted by JTK44
A month ago, Carvana offered me $49,000. Normally at lease end the lease is upside down, residual is higher than the market value, and I just give the car back to the dealer and get another new one. These times are different: a new one is at MSRP if you are lucky and usually a premium to MSRP. Now is not the time to buy a new car unless you have to.
I too have thought about an extended warranty, there are threads about the best rates, about $2300 for three years, up to 75,000 miles, but so far the only repair on my 2019 E450 has been the light switch: I have the exterior lighting package. The only reason I am considering buying my car at lease end, is that so far it has been flawless and has features, hands free access, cross traffic alert, full digital instrument cluster, that are missing on the 2022. It my car had not been trouble free I would not consider buying it. Hard for me to justify paying $12,600 more on a 36 month lease for a 2022 with the same MSRP as my 2019 but with missing features.
2019 E 450, 2016 E350 4matic (retired), 2018 Ford Edge Sport, 2008 Porsche Boxster
Originally Posted by fintail
On the lease I turned in before the wagon (a final run 212), they offered to sell it to me for like 6K below residual. I bet that won't happen again!.
Many years ago it was quite common to negotiate the buy back price: that all stopped about 10/12 years ago as the lessors now have gap insurance to cover the difference between the residual and market value. So the buy back price is fixed - non negotiable.
Alright so the time has come to let this wagon go to a new home.
I'll get some photos done and get the car into the marketplace soon, but if anyone wants to talk about it faster, shoot me a PM. I can share the clean carfax, which shows a $61K private party value estimate as of today.
Basic specs are:
-2018 e400 wagon
-25K miles
-Factory warranty good through June
-Luxury trim
-piedmont green, nut brown MB tex
-walnut burl, walnut wheel
-P1, plus active park assist (or so I hear...never been used)
I forget the rest of the option specs but those are the important ones.
I'm in the SF bay area, would strongly prefer a local deal if possible.
Alright so the time has come to let this wagon go to a new home.
I'll get some photos done and get the car into the marketplace soon, but if anyone wants to talk about it faster, shoot me a PM. I can share the clean carfax, which shows a $61K private party value estimate as of today.
Basic specs are:
-2018 e400 wagon
-25K miles
-Factory warranty good through June
-Luxury trim
-piedmont green, nut brown MB tex
-walnut burl, walnut wheel
-P1, plus active park assist (or so I hear...never been used)
I forget the rest of the option specs but those are the important ones.
I'm in the SF bay area, would strongly prefer a local deal if possible.
Before I have my email flooded with the same question about this vehicle, Complete Manufactures extension by Freedom Warranty, 5 years / up to 100k miles $4,395, repairs accepted at all Mercedes Benz dealers in North America, $100 deductible, covered for up to $275 in labor an hour. My contact information, (602) 909-9216 or tgibson@highline-autos.com, 0% financing available.
Great options and color, I'm sure you'll have no problems finding a buyer. It is funny when a post like this is made, and I get 5 emails all asking for quotes with the same year, model, and miles, of vehicle, and I can always trace back to the listing. GLWS
^^^ Nice! Also just to be clear, I'm more interested in a quick sale to someone who loves the car, than in maxing out price. Maybe it's a $61K car, maybe it's a $57K car and the other $4K buys that warranty!
MB wagon market is super hot. New wagons require a minimum of about 5 months and dealers are putting $10,000. premiums on the purchase.
Used wagon are bring awesome strong prices.
So I decided to work with a consigner on my wagon. I just don't have time to deal with showing/selling it.
We're pricing it very aggressively for a quick sale.
If anyone's interested, reach out to them directly. Here's the listing (they listed it as lunar/macchiato, but it's piedmont/nut brown...they are fixing that).
So I decided to work with a consigner on my wagon. I just don't have time to deal with showing/selling it.
We're pricing it very aggressively for a quick sale.
If anyone's interested, reach out to them directly. Here's the listing (they listed it as lunar/macchiato, but it's piedmont/nut brown...they are fixing that).
I found the 2022 All Terrain market hot as a pistol and very pricey. Dealers demand $10K premiums and there are VERY few examples to purchase that they never have all the must have options needed.
Mine is a 4 door sports car wagon that flies!
From Car & Driver 2022 review: The 2022 E-class All-Terrain is offered with just one engine: a turbocharged 3.0-liter inline-six that makes 362 horsepower and is assisted by a 48-volt hybrid system. All-wheel drive is standard. At our test track it needed just 4.4 seconds to blast to 60 mph.
Just sold our beautiful 2015 Palladium Silver S550 4Matic - stunning car. As others have said it’s the best silver Mercedes made then they canceled it. Hard to let it go. The S-Class was for cross-country trips and it was an awesome car for covering lots of miles.
Years ago we had a 2004 E320 4Matic Wagon, traded it for a diesel GL in 2009ish. Loved both. Then lots of different things. Decided to swap that huge S-Class back seat for something more luggage friendly. We’ve always had a sweet spot for wagons.
We ordered a 2022 Wagon / All Terrain (selling at MSRP and with the terrible plastic cladding), but after reading about issues with the 48-volt system bricking cars we backed out. The GM at our dealer confirmed it and said the latest software may have fixed it.
While they figure that out I started searching for a used one. Wagons are scarce and I found this one and had it shipped in.
2019
Certified (CPO)
Just over 14,000 miles
designo Selenite Grey Magno
Nut Brown / Black Leather
All the major options and most of what we wanted. We do miss the soft close doors.
Just sold our beautiful 2015 Palladium Silver S550 4Matic - stunning car. As others have said it’s the best silver Mercedes made then they canceled it. Hard to let it go. The S-Class was for cross-country trips and it was an awesome car for covering lots of miles.
Years ago we had a 2004 E320 4Matic Wagon, traded it for a diesel GL in 2009ish. Loved both. Then lots of different things. Decided to swap that huge S-Class back seat for something more luggage friendly. We’ve always had a sweet spot for wagons.
We ordered a 2022 Wagon / All Terrain (selling at MSRP and with the terrible plastic cladding), but after reading about issues with the 48-volt system bricking cars we backed out. The GM at our dealer confirmed it and said the latest software may have fixed it.
While they figure that out I started searching for a used one. Wagons are scarce and I found this one and had it shipped in.
2019
Certified (CPO)
Just over 14,000 miles
designo Selenite Grey Magno
Nut Brown / Black Leather
All the major options and most of what we wanted. We do miss the soft close doors.
l
Wow, that is my car, midnight package, wheels and all.
Curious to what the CPO price was?
(Send me a PM if you don't want to publish the price)
My wagon was also low miles, bought it November 2021 with 6,700 miles, but not CPO, had to pay extra for a 4 year warranty.
Love the way it drives.
l
Wow, that is my car, midnight package, wheels and all.
Curious to what the CPO price was?
(Send me a PM if you don't want to publish the price)
My wagon was also low miles, bought it November 2021 with 6,700 miles, but not CPO, had to pay extra for a 4 year warranty.
Love the way it drives.
I’ll send you a PM tomorrow. I feel it was a fair price. And I had to have the driver assistance / lane keep assist / adaptive cruise option. It’s a must for extra help on curvy interstates like the PA Turnpike. I never trust it completely yet it’s good to have when screwing around with the command system. That option package limited choices.
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