don w

I'm returning my leased 2019 GLC 300 against a new leased 2022 GLC300. My return in 2019 is like new, 9000 total miles in 3 years. Desigio Cardinal Red with the AMG night package, original MSRP was $53,500. I got a very good deal on it, my buy-out is $28,500. The dealer is listing CPO 2019's with 3 to 4 times the mileage for $44k. How much equity towards the lease would be fair? How should the equity be shown in the new lease, I'm thinking it would have to be done by reducing the selling price.

Thanks for any information

MBguy013

Your best option is to check with places like KBB, carvana, CarMax, etc. to get current market rates. The dealer is required to give you the residual value but they could potentially offer more.

eddieo45

I second Carvana. Given the current used car market I had the dealer look at my 2015 C300 as a trade-in toward the GLC back in December when I was ordering it. Their $12,000 offer seemed low to me, so when the GLC came in I entered the details in Carvana and got an offer of $17,733. I sold it locally that day for $18,000 but Carvana would have paid for it quickly. I was buying, not leasing, but it's a no brainer to (a) enter the car details on Carvana, (b) get their offer, and maybe (c) try to sell it locally for a little bit more (or a little bit LESS than what the dealers in your area are asking).

shekmark

We sold my gf's Civic last year to Autolenders last year before her lease was up. It's a no brainer. You will usually get way more than the dealer will offer. It is so easy as well. we sent them photos they requested after an initial form was filled out. They showed up and gave us the check. Hers was below mileage also.

mikapen

​​​​​​We are in a very similar situation. We took a 4-year, single pay lease, MSRP 61,000, residual 28, 500. Termination date December 2022.
At year end, as I do annually, I enter the value of my cars into my finances. I contacted a few of those places, and CarGurus came up with the leading bid on the car. At the time it was just 3 years old, with 10,000 miles on it. CarGurus bid was 48,000.
Very tempting, but we think we want to keep the car cuz it fits our needs so well and we love the color. And guaranteeing a replacement with the things we want, is impossible at this time.

That was 4 months ago. I also checked our '21 GLE 53, and they "only" offered $7,000 over MSRP.

If you decide to trade the car, they might show it as a Cap Cost Reduction, which would help your depreciation, if that still works.
Have them show you a couple of ways to do that, and don't rule out a single pay lease, if you have good equity at that time.

C450AMGCT

Carvana gave me roughly 8K for a 2011 C300 with 97K miles that I bought in 2019 for $8500 a couple weeks ago. Def check them out!