Buying at Lease End
05-04-2019, 10:51 PM
#1
Junior Member
Thread Starter
Buying at Lease End
My wife's GLC lease will be ending in a few months. She really likes the car and wants to buy it. The residual is $30K, and the car will have around 27K miles on it.
Do you think this is a reasonable price for this car? And can I finance the residual amount with MBFS?
Thanks.
Do you think this is a reasonable price for this car? And can I finance the residual amount with MBFS?
Thanks.
05-04-2019, 11:22 PM
#2
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2017 GLE350 4MATIC
The price is in the ball park. What options and specification is the vehicle? 4MATIC? Even if the price is high by a couple of thousand dollars, knowing how it was taken care of, represents value to most people.
Call the dealer and ask the question about financing options. Car dealers do this all the time (sell vehicles off lease to the original leaseholder).
Call the dealer and ask the question about financing options. Car dealers do this all the time (sell vehicles off lease to the original leaseholder).
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RedKloud (05-05-2019)
05-05-2019, 09:46 PM
#3
MBWorld Fanatic!
My wife's GLC lease will be ending in a few months. She really likes the car and wants to buy it. The residual is $30K, and the car will have around 27K miles on it.
Do you think this is a reasonable price for this car? And can I finance the residual amount with MBFS?
Thanks.
Do you think this is a reasonable price for this car? And can I finance the residual amount with MBFS?
Thanks.
The following users liked this post:
RedKloud (05-06-2019)
05-06-2019, 12:11 AM
#4
MBWorld Fanatic!
The fact is in most cases the MB Dealer can have a lower "buy price" than you have on your Lease Residual.
If that is the case with your GLC - often the dealer can arrange to purchase your GLC for you at your lease end - inspect and Mercedes Certify - and resell back to you Mercedes Certified at your lease end price which gives the service up-to-date (including fresh tires or brakes if required) and the added 1Yr Unlimited Mileage Mercedes Certified Warranty on top of the balance of the New Car Warranty - and allow you to take advantage of any Mercedes Certified special finance rates or incentives at the time it is sold back to you... that's a GOOD plan
If that is the case with your GLC - often the dealer can arrange to purchase your GLC for you at your lease end - inspect and Mercedes Certify - and resell back to you Mercedes Certified at your lease end price which gives the service up-to-date (including fresh tires or brakes if required) and the added 1Yr Unlimited Mileage Mercedes Certified Warranty on top of the balance of the New Car Warranty - and allow you to take advantage of any Mercedes Certified special finance rates or incentives at the time it is sold back to you... that's a GOOD plan
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RedKloud (05-06-2019)
05-12-2019, 10:18 AM
#5
Member
It is true there is always a glut of back from lease MBs available for sale and re-lease on the market today, I look at the "buy-back" price like I do the msrp, as simply a starting point for negotiations. They will almost always take less than the buy-back to be rid of the car.Of course you need to be ready for their "song and dance" of how their is a long list of people just waiting for your car and they could not possibly take less but they always do.
