My lease is About to End!
#1
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,
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,
The following users liked this post:
raja777m (05-15-2019)
#5
MBWorld Fanatic!
Joined: Mar 2017
Posts: 1,350
Likes: 490
From: Birmingham, AL
2019 S560, 2022 Audi S8
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,
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,
#7
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.
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The following users liked this post:
aypues (05-14-2019)