Purchase at end of Lease
Thread Starter
Senior Member
Joined: Nov 2003
Posts: 372
Likes: 19
From: Florida
Mercedes S550
Purchase at end of Lease
I have an end-of-lease looming this fall. My lease (27 month) is up in November. I have a 2015 S550 with an MSRP of $126,000. I am guessing that the car will have approximately 15,500 miles at lease end. My option price is about $76,000.
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
- I don't depreciate the car for work.
- I typically buy a car and keep it for 2 years at the max.
- I like large, safe cars with luxury features.
- I have paid for the maintenance and a tire and wheel policy.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
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Joined: May 2002
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From: Land of 10,000 lakes
AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe
I have an end-of-lease looming this fall. My lease (27 month) is up in November. I have a 2015 S550 with an MSRP of $126,000. I am guessing that the car will have approximately 15,500 miles at lease end. My option price is about $76,000.
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
- I don't depreciate the car for work.
- I typically buy a car and keep it for 2 years at the max.
- I like large, safe cars with luxury features.
- I have paid for the maintenance and a tire and wheel policy.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
So you can always negotiate the price and MB Financial is usually quite flexible. This flexibility of course may only begin days before the turn-in
Thread Starter
Senior Member
Joined: Nov 2003
Posts: 372
Likes: 19
From: Florida
Mercedes S550
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Tesla Model S P100D
I have an end-of-lease looming this fall. My lease (27 month) is up in November. I have a 2015 S550 with an MSRP of $126,000. I am guessing that the car will have approximately 15,500 miles at lease end. My option price is about $76,000.
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
My income will be lower next year. It would be stupid for me to lease another S550. However, I like my reliable S550. Should I buy it at lease end? I will have the funds.
- I don't depreciate the car for work.
- I typically buy a car and keep it for 2 years at the max.
- I like large, safe cars with luxury features.
- I have paid for the maintenance and a tire and wheel policy.
Other cars that I like include the new 7-series and A8. I could take the $76,000 and buy a new Cadillac CT6 or an E-class. However, I really would prefer a large car. The CT6 is large enough, but it's a new model. I could be disappointed.
Any thoughts? What else should I consider? Can I re-negotiate the option price at lease end?
Thank you!
Good advice from Wolfman about negotiating a few days prior to when your car is due.
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From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
To the OP, I suggest you buy the car, but make sure that you get the best and longest extended warranty that you can. It protects you while you have the car and is quite valuable when you go to sell it.
Best of luck!
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Joined: May 2002
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From: Land of 10,000 lakes
AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe
On our SL600, we spoke to several people and they didn't budge a bit, then just just before, I told them we had already lined up another car just before turn-in, they dropped the price.
Better yet, they dropped the price more than I had expected; something like $17k...
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Junior Member
Joined: May 2016
Posts: 58
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From: Wis Rapids WI
2014 S550
I would guess it depends on how the dealer assesses the market for the specific vehicle. An S550 in the right color and with the right options is much less likely to be discounted in FL than in WI. An S600 is barely saleable here so I would expect it to be discounted up here. The real question is whether you believe you can find a car with better options and taken better care of for the same price. $76K is below the market in general and while the economics of owning an S class are never good, they are much better after two years than new. Dave
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Super Member
Joined: Apr 2013
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From: Scottsdale, AZ
2018 S 650, 2014 SL 550, 2017 911 TTS Cab, '13 F458 Spider
I worked with my local dealer over the phone. I negotiated the buyout price with them, they in turn negotiated and purchased the car from MBFS. So it was a win for me and the dealer. Was all done over the phone. Buyout was 90k, I purchased it from the dealer for 69k.
Last edited by Steinhart; Jun 22, 2016 at 12:05 AM.
MBWorld Fanatic!
Joined: Apr 2016
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2014 S550 AMG, 2017 XT5
The CT6 is no comparison to the S550. Take a test drive and don't forget if you want your rear shades up, you have to roll them up by yourself.... Just say'n... 
If you are happy with your car and the options, take out the longest warrantee, lots of big ticket items should something go wrong.
Enjoy your ride for a few more years... Who knows what 2018 will bring...
If you are happy with your car and the options, take out the longest warrantee, lots of big ticket items should something go wrong.
Enjoy your ride for a few more years... Who knows what 2018 will bring...
Senior Member
Joined: Aug 2014
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From: HHI, SC
2002 C4 Cab, 2014 Audi A5 cab, 2017 X5 35d
CPO 2015's are currently priced in high $70's to high $80's from what I've seen lately. So at $76k, you are in range, even in a few months.
Economics are better than buying new and you CANNOT compare the S class to a Caddy!
Economics are better than buying new and you CANNOT compare the S class to a Caddy!
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From: Carefree az usa
2020 S560,14 ml350, 03 sl55, silver, pano, slr cams, evo headers, lsd, 2019 s63 cab.
Negotiate w the dealer to land the car at his dealership and sell it to you used. The residual buyout from mbfs is nit the price you will pay you shoukd get the car close to wholesale thru the used car dept at the dealer. Call another dealer and double check the price. Residual on a s class i had was 70 k from mbfs and the dealer would of sold it to me for 40k if i wanted it.
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2014 S550 AMG, 2017 XT5
I've had it both ways. Once or twice, they really sharpened their pencils, once or twice they wouldn't budge.
To the OP, I suggest you buy the car, but make sure that you get the best and longest extended warranty that you can. It protects you while you have the car and is quite valuable when you go to sell it.
Best of luck!
To the OP, I suggest you buy the car, but make sure that you get the best and longest extended warranty that you can. It protects you while you have the car and is quite valuable when you go to sell it.
Best of luck!
Price seems fair, but depends on what options you have. I was able to pick up a Loaded 2014 S550 Every Option except rear fridge for 72K on AutoTrader, 30K on car, still under B2B. Sticker was 146K
Thread Starter
Senior Member
Joined: Nov 2003
Posts: 372
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From: Florida
Mercedes S550
I am taking my car in for its 24 month service tomorrow, and I may speak to the used car manager. I bought it from another dealership, but I am sure that it doesn't matter.
I will see how my service goes tomorrow. Maybe I should ask for a S-class Coupe loaner. I only have 15,000 miles on my S550.
I really appreciate all the great suggestions!
I will see how my service goes tomorrow. Maybe I should ask for a S-class Coupe loaner.
I only have 15,000 miles on my S550. I really appreciate all the great suggestions!
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From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
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Joined: Jan 2014
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From: Newyork
s550 Diamond white amg pano
I bet mbfs doesnt budge but call the dealer your using and ask what they will sell you the car for, I bet they will also cpo the car if you ask. Im guessing a 60-65k buyout fro your selling dealer could be had cpo too!... I was going to buy out a friends s550 and his buyout was way higher than my dealer quoted me for the car.
