Lease buy out question
04-16-2010, 12:54 PM
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2008 ML550
Lease buy out question
Lease coming up end of June on my 2008 ML 550 with 41K miles. I like the car, not in love with it, but would buy it if deal makes sense. Lease buyout number is currently $35,322 at end of lease, Edmunds online appraisal shows "trade in" value of $39,960 and private party sale value of $44,000. Kind of suprised value has held up so well. The dealer finance dept. rep is telling me as we get closer MB Financial should be willing to reduce buyout number.
Car is eqippped with MB tex, Premium 1 Pkg ( rear camera,hands free,rear audio,DVD nav, sirius, harmon kardon), AMG Sport Pkg., sunroof, running boards, Ipod kit,voice,CD changer
Question: What's the best way to get the lowest buyout price on a lease? Do these numbers make sense? Thanks in advance for any feedback.:thumbsup:
Car is eqippped with MB tex, Premium 1 Pkg ( rear camera,hands free,rear audio,DVD nav, sirius, harmon kardon), AMG Sport Pkg., sunroof, running boards, Ipod kit,voice,CD changer
Question: What's the best way to get the lowest buyout price on a lease? Do these numbers make sense? Thanks in advance for any feedback.:thumbsup:
Last edited by PowderSkier; 04-16-2010 at 03:13 PM.
04-17-2010, 06:17 PM
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2010 ML550, 2010 E350 4M, 1966 Corvette Convt C2
They will approach you with a buy out number maybe 3 to 4 weeks prior to lease end. This number will get a bit lower as you get closer to lease end. When you get the first call I would "make them an offer" and see what happens but be certain to make the offer reasonable and somewhere between wholesale and retail. You will not get the vehicle for the wholesale number.
