Go Back  MBWorld.org Forums > Mercedes-Benz Sedans > New S-Class (W222)
Advice on buying at lease end??? >

Advice on buying at lease end???

Notices
New S-Class (W222) 2014-Present

Advice on buying at lease end???

 
Old 10-13-2017, 10:41 AM
  #1  
MBWorld Fanatic!
Thread Starter
 
Streamliner's Avatar
 
Join Date: Oct 2010
Location: Southern CA
Posts: 2,998
Received 458 Likes on 345 Posts
2016 E350 Sedan, 2018 S560 Sedan, 2019 SL450
Advice on buying at lease end???

I have a 2018 S560 on order, but as Jerry Seinfeld would say ďIím just not gagaĒ about the facelifted S and have not been gaga about a car since I took delivery of my 2013 W221. These cars drive beautifully, but Iím having second thoughts about getting a new one, especially when the only thing Iím looking forward to is the Rear Cross Traffic Alert. So, Iím rethinking the idea of just buying my 2015 that only has 33K miles on it and is in near perfect condition. Maybe buying an extended warranty, etc.

Iíve heard rumors of having a dealer take your car in as a lease return and then turning right around and selling it back to you as a CPO, extending the warranty and saving you money at the same time. Has anyone done this before? If so, I would very much like to hear how you went about the process.

Any tips on negotiating directly with MBFS?

Any info would be appreciated. Thanks,
Streamliner is offline  
Old 10-13-2017, 11:31 AM
  #2  
Junior Member
 
Join Date: Sep 2017
Location: Cincinnati
Posts: 67
Likes: 0
Received 3 Likes on 3 Posts
18 s560
If you trust your dealer that is 100% the best way to buy it at lease end. My buy out was 79k the dealer offered to sell it at 65k with it cpo. However I have heard stories about dealerships raising prices for unexpected reasons once you go to buy it back.
JY-MB is offline  
The following users liked this post:
Streamliner (10-15-2017)
Old 10-14-2017, 09:07 AM
  #3  
Senior Member
 
Join Date: Mar 2017
Posts: 417
Received 74 Likes on 61 Posts
2017 S63 AMG, 2016 E350
Originally Posted by Streamliner View Post
I have a 2018 S560 on order, but as Jerry Seinfeld would say ďIím just not gagaĒ about the facelifted S and have not been gaga about a car since I took delivery of my 2013 W221. These cars drive beautifully, but Iím having second thoughts about getting a new one, especially when the only thing Iím looking forward to is the Rear Cross Traffic Alert. So, Iím rethinking the idea of just buying my 2015 that only has 33K miles on it and is in near perfect condition. Maybe buying an extended warranty, etc.

Iíve heard rumors of having a dealer take your car in as a lease return and then turning right around and selling it back to you as a CPO, extending the warranty and saving you money at the same time. Has anyone done this before? If so, I would very much like to hear how you went about the process.

Any tips on negotiating directly with MBFS?

Any info would be appreciated. Thanks,
Take it to a couple of dealers and ask them what they would give you on trade in for your car. Whatever that value is, then return to your original dealer and offer to buy it at , say, $1000 above that number. If they don't accept that, then turn it in and get a new one.
MBS63AMG is offline  
The following users liked this post:
Streamliner (10-15-2017)
Old 10-14-2017, 05:53 PM
  #4  
Senior Member
 
ChuckinTucson's Avatar
 
Join Date: May 2008
Location: Maricopa, AZ
Posts: 414
Received 6 Likes on 5 Posts
15 ML350, 06 E320CDI, 12 S63
This might be a little tricky. Your dealer would need to buy the car from Mercedes Benz Financial Services (assuming that's who you have it leased through). When I've turned in lease cars to my local dealer, they notify MBFS that they have the car and that's been "grounded." MBFS then makes arrangements for the car to be picked up from the dealership and taken to auction. It's at this point that the dealer could buy your car from the auction and then turn around and sell it to you. MBFS may or may not want to skip the auction part and just come up with a number for the dealer to buy it. A lot of factors would come into play if MBFS would do this or not. If it does get taken to auction, your dealer would need to find out which auction the car was being sold at. The two cars I've turned in at my MB dealer in Tucson were sent to the auction in Las Vegas.
ChuckinTucson is offline  
The following users liked this post:
Streamliner (10-15-2017)
Old 10-14-2017, 06:07 PM
  #5  
MBWorld Fanatic!
 
Join Date: May 2002
Location: Midwest.
Posts: 5,207
Received 546 Likes on 423 Posts
'18 E63s ED1, '17 SL550, '14 ML350
I would try both routes. Wait until the very end of the lease and offer a price to MBFS. They will decline any different price before the deadline. Of course if you have a moron on the phone, the car will go back to the dealer.
The dealer will be your go-to guy. MBS63AMG had a good idea re. price but in the end you'll have a number in your head that you are will to pay.
MBFS will try to avoid sending cars to auction because the prices are brutal for 2015 S-Classes. So your dealer will be the go-to guy.
Our last cars were bought by the dealers for local resale due to condition/options/mileage and made at least good money on our SL.
Wolfman is offline  
The following users liked this post:
Streamliner (10-15-2017)
Old 11-24-2017, 09:51 PM
  #6  
Junior Member
 
Join Date: Sep 2007
Location: idaho
Posts: 61
Likes: 0
Received 1 Like on 1 Post
gl 450
I know this thread is a month old but I just purchased a lease return S550 2015 with less than 24,000 for under $64,000. Certified preowned with new tires and original MSRP of $110,000. Just for your FYI of what is available.
soapy is offline  
Old 11-25-2017, 09:00 AM
  #7  
MBWorld Fanatic!
 
1bad540's Avatar
 
Join Date: Jan 2014
Location: Newyork
Posts: 1,800
Likes: 0
Received 131 Likes on 117 Posts
s550 Diamond white amg pano
I also just purchased a 15 cpo, but was going to buy out a friends lease on a 15, his buyout w mbfs was almost 68 and my dealer i bought my last cpo s550 from was going to get me the car for 61500 and cpo it. So def ask your dealer about them getting the car. I bet its cheaper than buying out from mbfs.
1bad540 is offline  
Old 11-25-2017, 11:16 AM
  #8  
MBWorld Fanatic!
 
Join Date: May 2002
Location: Midwest.
Posts: 5,207
Received 546 Likes on 423 Posts
'18 E63s ED1, '17 SL550, '14 ML350
Our dealer has high demand for these cars (at least at the moment) and now is buying every S class that’s turned in.
Wolfman is offline  
 

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Thread Tools
Search this Thread
Rate This Thread
Rate This Thread:
You have already rated this thread Rating: Thread Rating: 0 votes,  average.

Quick Reply: Advice on buying at lease end???


Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: