Mark this thread as Unsold
2006 E500 Lease take over or buy out
Thread Starter
Out Of Control!!
Joined: Dec 2004
Posts: 14,212
Likes: 9
From: Boston, MA
00 MB ML55, 91 Toyota Supra Turbo(sold), 06 E500(gone), 03 BMW M3
2006 E500 Lease take over or buy out
Car goes back in September... alabaster white, with pano and sport package... stone interior, trunk closer, black birdseye maple, Nav, bixenons, airmatic, wood steering wheel, ventilated seats...
Car is set to go back in September, if interested please PM me... I am motivated to get rid of it, so let me know...
Car is set to go back in September, if interested please PM me... I am motivated to get rid of it, so let me know...
MBWorld Fanatic!
Joined: Nov 2001
Posts: 1,697
Likes: 4
From: Santa Ana, CA
E320CDI, CLK55, and a Smart
Unfortunately, the market for these cars is extremely soft. I wouldn't be surprised if the dealer offers you a buy out offer that is way lower than what is left on the car.
Beautiful car though. I love the pano roof on white.
Beautiful car though. I love the pano roof on white.
MBWorld Fanatic!
Joined: Feb 2004
Posts: 2,450
Likes: 1
1989 Toyota Tercel EZ - dyno'd @ 70whp/77wtq
Info on payments, mileage left, pics, etc. So you're saying only 3 months left? Why don't you keep it? People may think it's not worth the hassle to lease a car for only 3 months 
Thread Starter
Out Of Control!!
Joined: Dec 2004
Posts: 14,212
Likes: 9
From: Boston, MA
00 MB ML55, 91 Toyota Supra Turbo(sold), 06 E500(gone), 03 BMW M3
MBWorld Fanatic!
Joined: Nov 2001
Posts: 1,697
Likes: 4
From: Santa Ana, CA
E320CDI, CLK55, and a Smart
Trending Topics
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
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
MBWorld Fanatic!
Joined: Mar 2006
Posts: 2,116
Likes: 4
From: NY/NJ
2012 W212 E350 Bluetec
Don't want to threadcr@p but just my 2 cents:
Normally, I would say to offer that cash incentive as a way to get someone to take over your lease (since the used car market is getting weaker, and few used cars today are worth the residual that the leasing co estimated 2-3 years ago).
However, not sure how many people would be interested in a 3 (or less*) month lease, considering they would have to pay MB Financial's ~500 lease transfer fee as well as a ~400 lease disposition fee at the end?
Not to mention having the liability for any dings, scratches, etc that are deemed to be above 'normal wear and tear' and perhaps having to replace tyres if they are below x 32nds tread depth (4/32nds for MB leases?).
Pete, I remember you offered this last fall and there was quite a bit of interest. Why didn't you just transfer it then??? An 06 E500 at a monthly payment close to a new E350, with very little $ required up front. Sounds great for a 6-12 month remaining lease transfer for an MY06 car when it's still 07, but now.....
If there's any possibility for you to extend the lease before transferring it, you may want to mention that.
*could be less considering it could take a few weeks or almost a month before MBF does all the lease transfer paperwork and the buyer can register the car
Normally, I would say to offer that cash incentive as a way to get someone to take over your lease (since the used car market is getting weaker, and few used cars today are worth the residual that the leasing co estimated 2-3 years ago).
However, not sure how many people would be interested in a 3 (or less*) month lease, considering they would have to pay MB Financial's ~500 lease transfer fee as well as a ~400 lease disposition fee at the end?
Not to mention having the liability for any dings, scratches, etc that are deemed to be above 'normal wear and tear' and perhaps having to replace tyres if they are below x 32nds tread depth (4/32nds for MB leases?).
Pete, I remember you offered this last fall and there was quite a bit of interest. Why didn't you just transfer it then??? An 06 E500 at a monthly payment close to a new E350, with very little $ required up front. Sounds great for a 6-12 month remaining lease transfer for an MY06 car when it's still 07, but now.....
If there's any possibility for you to extend the lease before transferring it, you may want to mention that.
*could be less considering it could take a few weeks or almost a month before MBF does all the lease transfer paperwork and the buyer can register the car
Last edited by 1985mb; Jun 25, 2008 at 04:50 PM.
MBWorld Fanatic!
Joined: Mar 2006
Posts: 2,116
Likes: 4
From: NY/NJ
2012 W212 E350 Bluetec
Sometimes the lease co will intentionally overestimate the residual value (like VW did with the Phaeton) to move more product via leases but what you're seeing today is pretty much all lease co's taking a hit because of the economy and thus the used car market. Used cars are worth a lot less today than was reasonably estimated 3 years ago.
For example, look at the financial results for BMW Financial in their latest quarter. All the manufacturers are hurting from the actual values being significantly lower than the contracted residual values.
Because of this, some of the lease co's are offering buyouts less than the contract. I noticed some people on a BMW forum mentioning this. Perhaps MB Financial will offer some discounts if asked, not sure.
Thread Starter
Out Of Control!!
Joined: Dec 2004
Posts: 14,212
Likes: 9
From: Boston, MA
00 MB ML55, 91 Toyota Supra Turbo(sold), 06 E500(gone), 03 BMW M3
Don't want to threadcr@p but just my 2 cents:
Normally, I would say to offer that cash incentive as a way to get someone to take over your lease (since the used car market is getting weaker, and few used cars today are worth the residual that the leasing co estimated 2-3 years ago).
However, not sure how many people would be interested in a 3 (or less*) month lease, considering they would have to pay MB Financial's ~500 lease transfer fee as well as a ~400 lease disposition fee at the end?
Not to mention having the liability for any dings, scratches, etc that are deemed to be above 'normal wear and tear' and perhaps having to replace tyres if they are below x 32nds tread depth (4/32nds for MB leases?).
Pete, I remember you offered this last fall and there was quite a bit of interest. Why didn't you just transfer it then??? An 06 E500 at a monthly payment close to a new E350, with very little $ required up front. Sounds great for a 6-12 month remaining lease transfer for an MY06 car when it's still 07, but now.....
If there's any possibility for you to extend the lease before transferring it, you may want to mention that.
*could be less considering it could take a few weeks or almost a month before MBF does all the lease transfer paperwork and the buyer can register the car
Normally, I would say to offer that cash incentive as a way to get someone to take over your lease (since the used car market is getting weaker, and few used cars today are worth the residual that the leasing co estimated 2-3 years ago).
However, not sure how many people would be interested in a 3 (or less*) month lease, considering they would have to pay MB Financial's ~500 lease transfer fee as well as a ~400 lease disposition fee at the end?
Not to mention having the liability for any dings, scratches, etc that are deemed to be above 'normal wear and tear' and perhaps having to replace tyres if they are below x 32nds tread depth (4/32nds for MB leases?).
Pete, I remember you offered this last fall and there was quite a bit of interest. Why didn't you just transfer it then??? An 06 E500 at a monthly payment close to a new E350, with very little $ required up front. Sounds great for a 6-12 month remaining lease transfer for an MY06 car when it's still 07, but now.....
If there's any possibility for you to extend the lease before transferring it, you may want to mention that.
*could be less considering it could take a few weeks or almost a month before MBF does all the lease transfer paperwork and the buyer can register the car
as to why I didnt get rid of it last fall? I had a change of heart and decided to keep it, I had a local buyer ready to take over the lease... why am I trying to unload it now? I already know Im not keeping it at end of lease... and am trying to get it gone like tomorrow so I can purchase one of the 2 M3s I am currently looking at... both private party... in addition to monthly payments I have pretty hefty car insurance... I cant keep the ML, the E, the e30 AND purchase one of these M3s, even if only for 2 months... I dont have the room for the most basic reason... and parking in this area is retarded
