Manu Miami

Hello all,

My lease is coming to end by Oct 30th for S560 and I am planning to buy it out as the car only has like 11K mile ( Thanks to work from home policy ). And residual value is about 56k.

Are there anything I should be take care of before deciding to buyout the lease.

Another question when I buyout do I get to keep the additional one year warranty from the original 4year/50k miles. Or Do I need to start shopping for the Warranty before buying out the lease. And what are the best place to buying the Extended warranty for the S Series.

Thanks for any advices.

Tom in Austin

Wow, a low miles S560 for $56k is a great deal.

ClasseMiaMadra

You can extend the original warranty before turning it in. I understand it's better than the cpo but can only be extended by the original owner/ lesser BEFORE turning it in at the end of the lease

emilner

I just bought out my 2019 S560 with 16k miles 3 months ago. Buyout was $53k. Nothing needs to be done prior to lease end. The factory warranty stays in place and you do not need to purchase an extended warranty until you are close to the end of your factory term. I would do it before you get within 3 months just to be safe.

CincyMBGuy

The remainder of the warranty will still be in place. You can extend the factory warranty up to 100k miles or add the CPO warranty with unlimited miles at essentially the same cost for either. I always recommend at least one of those two options to customers.

blackbullit

Good luck with the buyout process. I agree that you should buy it, as it is a great deal.

However, know that you must be patient. MBFS is very slow to act. It took me 2.5 months to complete the process (before I received my title). The State was pretty quick (1-2 weeks) once MBFS sent them the approval to release the title.

Manu Miami

Do I need to extend the factory warranty or add the CPO warranty now before my lease ends or it can be done just before the main warranty ends in a years time ?

Good to hear that. I just called the MBFS and they told me by total buyout including fees and taxes is 46k. I had put security deposit at the time of lease that has been accounted for it in the buyout price.

MBS63AMG

I turned in my leased S560 2 months ago. I apparently leased mine the same time you did (November 2019). The buyout would have been $58K but I got $63K for it. Pocketed $5K.

Highline-Autos.com

Hey @Manu Miami here is some extended warranty information from both of our providers to consider. Fidelity and Freedom Warranty are accepted at all Mercedes-Benz dealers and licensed independents in the country, 100% claims acceptance between both providers for all Highline Autos customers. My contact information is tgibson@highline-autos.comor (855) 924-1333 if you have any questions and would like to see example contracts that explains coverage.

2019 Mercedes-Benz S560 w/ 11k miles

Freedom Warranty Complete Manufactures Extension:

36 months / up to 100k miles
$0 deductible
-$4,370
$100 deductible
-$4,220

48 months / up to 100k miles
$0 deductible
-$4,480
$100 deductible
-$4,330

60 months / up to 100k miles
$0 deductible
-$4,645
$100 deductible
-$4,495

0% Financing is available / up to 125k miles available for only $400 more

Fidelity Platinum:

36 months / additional 36k miles:
$100 deductible
-$4,237
$250 deductible
-$3,993

48 months / additional 48k miles:
$100 deductible
-$5,555
$250 deductible
-$4,961

60 months / additional 60k miles:
$100 deductible
-$7,827
$250 deductible
-$6,187

Let me know if you have any questions or would like to see different terms!

CincyMBGuy

The warranty extension can be done at any time. To add the extended factory warranty it can be done at any time. If you plan to handle the purchase through MBF the extended warranty purchase must be done before your last payment is made or you will only be able to have that done through a dealership. The CPO warranty will have to be completed at a dealership as their is an inspection process that must be completed.

Wolfman

Did the dealer confirm this? Obviously the dealer is pushing to add the warranty at the time of buyout, which IMO is not a bad idea since it is fully refundable if not used or partially refundable if claims were applied against.
Since you leased the car, you are officially not the first owner; MBFS was and the new car warranty extension is only available to the first owner, not subsequent ones. The dealer makes the necessary transfers but wonder if they will do this at the end of the factory warranty.

Wolfman

But the $63k was from Audi, not MB. This is a problem with some companies (like BMW) restricting 3rd party buyouts. Did MB allow that or did you have to buyout the car first? If so, sales tax would have eaten that difference.

msgoldn

I did the same. call mb right away to start the process and send them a check which will include the dax due. it will take a few weeks to get the title and re register.

the warranty will still be applicable.

emilner

I know the guy at my dealer - he told me to just wait until a few months before the factory warranty ends to get the extended and the cost is the same. In his own words- don't let them sit on your money for a year.