Would like to hear your advise!!
Thread Starter
Newbie
Joined: Sep 2021
Posts: 9
Likes: 0
GLE 43 Coupe
Would like to hear your advise!!
Hello, this is the first post for me here and thank you for your time!!
Currently, I have a lease 2018 GLE 43 coupe and the lease ends this month. The buy out is 39k. A few dealerships offered me 60k for this.
Now, I am looking for a new lease GLE 52 coupe but all dealership said that they have 10-15k mark up on top of the mrsp…due to the shortage of inventory and high demand. I got a few lease quotes from few dealerships but the payment is like crazy. (I’m from South Bay, CA by the way)
I thought that maybe I could sell my current GLE, get the 21k (39k goes to MF), and use that for the down payment for the next lease but I am not sure if this is the best option.
Since I am not expert on this, I wanted to have your idea what you would do. (Maybe financing a new car or wait for this trend ends after buying out the current lease, or just extend the current lease…?)
Much appreciate your time!!!
Currently, I have a lease 2018 GLE 43 coupe and the lease ends this month. The buy out is 39k. A few dealerships offered me 60k for this.
Now, I am looking for a new lease GLE 52 coupe but all dealership said that they have 10-15k mark up on top of the mrsp…due to the shortage of inventory and high demand. I got a few lease quotes from few dealerships but the payment is like crazy. (I’m from South Bay, CA by the way)
I thought that maybe I could sell my current GLE, get the 21k (39k goes to MF), and use that for the down payment for the next lease but I am not sure if this is the best option.
Since I am not expert on this, I wanted to have your idea what you would do. (Maybe financing a new car or wait for this trend ends after buying out the current lease, or just extend the current lease…?)
Much appreciate your time!!!
MBWorld Fanatic!
Joined: Jul 2009
Posts: 3,530
Likes: 387
Only MBs - the best or nothing
Sounds like a $olid plan, except I think you will keep less than $21K net by the tax amount on buyout of $39K.
MBWorld Fanatic!
Joined: Oct 2009
Posts: 7,016
Likes: 2,198
From: Colorado
'21 AMG53 wDPP & ARC, 19 GLC300 - Former-03 C240,2 ML BlueTecs,20 GLE450 E-ABC,15 Cayenne D,17 Macan
How does that work? Are you taxed on a depreciated amount or residual, or the full price?
In any case, there would be a tax credit towards the new car.
MBWorld Fanatic!
Joined: Jul 2009
Posts: 3,530
Likes: 387
Only MBs - the best or nothing
The difference vs. $60K offered will be (lets assume 10% tax for easy calculation) $21K-$3.9K which makes up for up to $15K MSRP add-on on a new car OP will be leasing. At the end it is a wash, but the OP must purchase the current vehicle instead of walking away.
Senior Member
Joined: Dec 2007
Posts: 331
Likes: 51
From: Orange County, CA
'16 Jaguar F-Type R, '21 GLE63s
OP lives in CA. Here in CA, we don't get a tax credit on the trade-in/sale of cars. We have to pay sales tax on the full amount of the new vehicle.
Newbie
Joined: Feb 2021
Posts: 10
Likes: 4
AMG GLE 63S Coupe
Hello, this is the first post for me here and thank you for your time!!
Currently, I have a lease 2018 GLE 43 coupe and the lease ends this month. The buy out is 39k. A few dealerships offered me 60k for this.
Now, I am looking for a new lease GLE 52 coupe but all dealership said that they have 10-15k mark up on top of the mrsp…due to the shortage of inventory and high demand. I got a few lease quotes from few dealerships but the payment is like crazy. (I’m from South Bay, CA by the way)
I thought that maybe I could sell my current GLE, get the 21k (39k goes to MF), and use that for the down payment for the next lease but I am not sure if this is the best option.
Since I am not expert on this, I wanted to have your idea what you would do. (Maybe financing a new car or wait for this trend ends after buying out the current lease, or just extend the current lease…?)
Much appreciate your time!!!
Currently, I have a lease 2018 GLE 43 coupe and the lease ends this month. The buy out is 39k. A few dealerships offered me 60k for this.
Now, I am looking for a new lease GLE 52 coupe but all dealership said that they have 10-15k mark up on top of the mrsp…due to the shortage of inventory and high demand. I got a few lease quotes from few dealerships but the payment is like crazy. (I’m from South Bay, CA by the way)
I thought that maybe I could sell my current GLE, get the 21k (39k goes to MF), and use that for the down payment for the next lease but I am not sure if this is the best option.
Since I am not expert on this, I wanted to have your idea what you would do. (Maybe financing a new car or wait for this trend ends after buying out the current lease, or just extend the current lease…?)
Much appreciate your time!!!
Buy it and keep it unless there is a distinct tax advantage for selling it and leasing a new vehicle.
Trending Topics
Member
Joined: Jul 2021
Posts: 148
Likes: 35
From: Florida, NJ
2024 GLE580, 2013 Jeep Wrangler, 2018 GLE43 AMG *Sold*
I would buy out the lease and keep it till things get back to normal then trade it in. I just checked the bluebook value of the 2018 GLE43 I bought in July. It is worth $3000 more then what I payed for it. I was also stuck in a Honda lease but was very fortunate to get a nice down payment out of it on the GLE when they bought the car. I think I did this just in time :-)
Last edited by gle43FL; Sep 24, 2021 at 09:29 AM.
MB World Stories
The Best of Mercedes & AMG
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
