Is anyone turning in leases anymore?
#1
Member
Thread Starter
Is anyone turning in leases anymore?
I have 11 months left and I was worrying about my options at end of lease. I know it is 11 months away but I ran an hypothetical CarMax sale on my 2019 GLC and they are currently offering about $12,000 over residual value at end of lease. If this continues it looks like a given to buy it.
#2
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Join Date: Oct 2009
Location: Colorado
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'21 AMG53 wDPP & ARC, 19 GLC300 - Former- 10&14 ML BlueTecs, 20 GLE450 E-ABC, 15 Cayenne D, 17 Macan
I have 11 months left and I was worrying about my options at end of lease. I know it is 11 months away but I ran an hypothetical CarMax sale on my 2019 GLC and they are currently offering about $12,000 over residual value at end of lease. If this continues it looks like a given to buy it.
Plus, some Dealers might be willing to sell you that car WITH a CPO, if you reimburse them for the expense of providing that CPO, which is north of $1100.
If you do a Carmax deal, you can arbitrage the purchase and pocket the difference.
Your Dealer might offer you more than CarMax, since they can actually see the vehicle.
#3
Member
Problem is finding a suitable replacement at a reasonable cost. I know three people that just bought the Benz at lease end because it turned out to be a great deal.