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Lease takeover 2012 C63 Sedan (SF Bay Area) - Fully Loaded + Low payments + Mods

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Old May 3, 2013 | 11:43 PM
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Lease takeover 2012 C63 Sedan (SF Bay Area) - Fully Loaded + Low payments + Mods

I just took a new job which is going to require me to start commuting 100 miles a day, so unfortunately, I need to get out of the lease on my 2012 C63. I love this car and will be really sad to see it go (especially since I need to replace it with a commuter car!).

Lease details:
- Monthly payments: $812.75. When CA tax is included, payments are $879.80. An exceptionally low monthly for an 82k car!
- Lease term: Just over 3 years left (40 months). Contract finishes 10/01/16). I just made the May payment yesterday.
- Mileage allowance: Its 10,000 miles a year, which I am more or less on track with. More specifically: The lease allows 42,561 miles total. I have done 9,310 miles so far (still driving it, but only when necessary). So you've got roughly 33,000 miles over 40 months = 825 miles per month. $0.25c a mile if you go over.
- Current Buyout price: $67,778.71
- Buyout at end of lease: $40,952.50.

Car Details
- 2012 C63 Sedan
- Sapphire Grey with red leather interior - looks great and very unique conbo.
- Car is in mint condition. There is one small dent on the drivers side rear door (I took a close up photo of it, but paint-less dent removal should get rid of it for under $100). Interior is perfect (actually, the cable for the iphone works fine, but is fraying - thats the only issue I can think of, and I'm sure MB would replace it).
Base Price: $58,930.
Options
- Sapphire Grey - $720
- Carbon Fiber Trim - $2,590
- Classic Red Nappa Leather Package - $3,090
- COMMAND w/Hard Drive Nav - $930 (This is the same thing as the "multimedia package" that costs $2,790, except it doesn't have the backup camera. Everything else, including Voice, Sirius, Bluetooth, iPhone, etc all included).
- Keyless Go - $650
- Power Rear-Window SunShade - $440
- Special Order (for SunShade) - $250
- AMG Illuminated Door Sills - $850
- Mbrace - $660
- Lane Tracking Package - $850 (side assist, etc)
- Lighting Package (Bi-Xenon) - $1,290
- P31 AMG Development Package - $6,050
- Limited Slip Diff - $2,030
Subtotal - $79,330
Destination Charge - $875
Gas Guzzler - $1,700
Total MSRP - $81,905

On top of that, I have lowered the car on H&R springs, tinted the windows (35%) all around, put in clear side markers, and 12mm spacers. Overall, the car has a much more aggressive stance now (and of course, there is no rubbing at all). Total mods came to about $1,300. Original springs and side markers will go to the new owner.

So all up, its an $83k car for monthly payments of $812 + tax. I'm only asking for $1k obo back to me.

MBFS requires you to do a credit check + I believe the transfer fee for CA is $695.

I'm located in San Jose (zip 95117).

You can contact me at obeleask at gmail dot com.

I'm putting this ad only on this forum for the time buying to give you guys first dibs. If there are no takers, will start advertising elsewhere.









More photos here.

Last edited by meewantee; May 3, 2013 at 11:48 PM. Reason: Added MBFS lease transfer details.
Old May 8, 2013 | 03:06 PM
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Just put it up on leasetrader - linky. Really wish I could keep this...
Old May 17, 2013 | 05:06 PM
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Bump...

Can buy out or take over lease...
Old Jun 5, 2013 | 12:17 AM
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Have now started the new job and commute, so no longer asking for any money down. Just paid for the next year of registration, so that's taken care of too.
Old Jun 5, 2013 | 02:00 PM
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Great looking car - just as I would have specced it. Good luck with your sale/lease takeover...
Old Jun 13, 2013 | 11:57 PM
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Originally Posted by rnorthen
Great looking car - just as I would have specced it. Good luck with your sale/lease takeover...
Thanks man

Just discovered I didn't have email notifications on apparently!

Anyway, since I've now had about 4 people ask me this: Under no circumstance will I let anyone take the car for some period of time while the lease remains in my name. It's all or nothing!

39 months left on the lease to go, zero down, $880 a month.
Old Jun 14, 2013 | 01:02 AM
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Originally Posted by meewantee
Thanks man

Just discovered I didn't have email notifications on apparently!

Anyway, since I've now had about 4 people ask me this: Under no circumstance will I let anyone take the car for some period of time while the lease remains in my name. It's all or nothing!

39 months left on the lease to go, zero down, $880 a month.
Anyone that asks you that question is an utter moron. Wow.
Old Jun 14, 2013 | 03:35 PM
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Originally Posted by Pertplus
Anyone that asks you that question is an utter moron. Wow.
Haha... Glad I'm not the only one. Surprising how many people firstly even ask the question, then actually try to convince me about it after I say no way.
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Old Jun 14, 2013 | 04:34 PM
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Originally Posted by meewantee
Haha... Glad I'm not the only one. Surprising how many people firstly even ask the question, then actually try to convince me about it after I say no way.
I am dying to know what lame "offers" there were to allow someone else drive around in a car (a person you dont know) with your name on the lease!!!
Old Jun 14, 2013 | 04:38 PM
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I got some awesome deals like "I'll even pay you a bit more than your monthly lease payment" and "We'll get notarized papers done up that state I'll actually give the car back and pay you each month".
Old Jun 14, 2013 | 06:09 PM
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Is there any room to negotiate on the buyout price? I have cash in hand and am very interested (had a 2012 C63 sedan sale fall through literally an hour ago).
Old Jun 14, 2013 | 10:27 PM
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Originally Posted by keiphers
Is there any room to negotiate on the buyout price? I have cash in hand and am very interested (had a 2012 C63 sedan sale fall through literally an hour ago).
Just sent you a PM
Old Jul 1, 2013 | 02:49 PM
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Bump for the next payment made - 38 months now left on the lease.

Also booked in for the 10k service next week so that will be taken care of too.

Now up to 6 people who want to take the car for just a few months, and a new one from today of an offer to pay $600/month.

Had another guy look at the car, but he really wanted a coupe. He decided to lease a new coupe instead, so he put 10k down AND has a higher monthly payment.

So at zero down, taking over my lease is definitely a sweet deal for the right buyer...
Old Jul 5, 2013 | 12:45 PM
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Just had someone want to take the car, so they filled out a credit application with MBFS (750+ credit score & good income), but were denied! MBFS wants 7-10 day business days to send him a letter to even tell him why it was denied. Very annoying.

We're going to wait and see what the letter says, but he is thinking about external financing as an option too. In the meantime, car is still available...
Old Jul 9, 2013 | 07:22 PM
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And now another credit application denied today. This is rather annoying!

I have now taken care of the door ding and the frayed iPhone cable, so the car is back to like new condition. Service A was just performed today as well.

Buyout price also reduced to 66.5k.
Old Jul 9, 2013 | 09:46 PM
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I have been trying to get out of a lease too and have had 9 people denied by MBFS. I am beginning to think they will not approve anyone. Good luck to you.
Old Jul 9, 2013 | 11:31 PM
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Originally Posted by gdestiny
I have been trying to get out of a lease too and have had 9 people denied by MBFS. I am beginning to think they will not approve anyone. Good luck to you.
9? Geez - I can't imagine how annoying that must be getting. It's beginning to feel like a bit of a conspiracy I have to say...
Old Jul 10, 2013 | 07:40 AM
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I think this answers why people want to keep it in your name - they can't pass the high credit bar. You could just draw up a contract for them to pay you and keep it in your name. Pretty risky though.

As for MBFS, they are probably looking at a repo scenario for any new lessee and realize that the value of the car in lease payments is currently way more than the resale value. There is no upside for them to transfer the lease, unless you are trying to buy a new vehicle from them. Their downside is a default, repo and then flogging a car they could probably only get $55K for assuming they receive it in good condition after repo.
Old Jul 26, 2013 | 11:25 AM
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Car is gone. Someone finally approved by MBFS!

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