My lease is About to End!
 

Hi everyone,

My 2016 S550 lease is almost over ( 2 months left). The car has very nice options (120 K) at the time of lease and only has 16000 miles. I have taken care of this car really nice. Always in garage and detail twice a year. Would it be a good move to buy this car or its better to let it go! The end of lease buyout is based on the 36K miles on the car and I think the car is worth more since the mileage is low. please share your opinions with me.
Thanks,

If you plan on keeping it, sure. Seems like you like the car and since you know it well why not? If you plan on trading in the next year or two I would say not.

i think they will ask for more money because you have low milage. what about extending the lease?

If you like the car,
and
the car has been reliable,
and
you care at least a bit about the money,

buy the car; otherwise don't.

What is the residual value?

The residual value is $46500.

Looking at some websites, it looks like most 2016's are going for mid- to high-50's. I'm surprised the residual is so low on your car, but if you can buy it for $46,500 that would be a heck of a good deal. You know the car and you have obviously taken care of it. As it's still under factory warranty, I'd look into getting an extended Mercedes Benz warranty on it.

I just checked my contract and the correct residual value is $49500! Sorry for the wrong info!

why are 2 different posters listing the residual value? of the orig posters info?