SL/R230: 4 year SL550 lease ending w/15000 miles..
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SL550
4 year SL550 lease ending w/15000 miles..
4 year (40,000 mile) lease on my SL550 will end next year, and I only have 15000 miles now. I won't have much more miles by next year. I'm not going to keep my SL550, because I need a sedan now. How can I make a good use out of those left over miles? Any good suggestions or experiences?
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C300 Sport/Palladium Silver on Black/P2
4 year (40,000 mile) lease on my SL550 will end next year, and I only have 15000 miles now. I won't have much more miles by next year. I'm not going to keep my SL550, because I need a sedan now. How can I make a good use out of those left over miles? Any good suggestions or experiences?
Good luck. Sounds like top down fun in a luxury roadster!
Member
Joined: Oct 2007
Posts: 142
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From: Bay Area, Ca.
2013 SL63
another approach
If you have very low miles compared to your lease-end contract, you might be able to make a few bucks by buying the car and reselling it.
It depends on your state tax. But if you have no or low state tax, you might be able to make money on the market value for a car which has lower miles than what the lease-end residual value was calculated at.
The tax component is a big one. In some states, you can burn up a good portion of your gain just by having to pay the sales tax when you buy your car.
Take a look at it . Might work out.
It depends on your state tax. But if you have no or low state tax, you might be able to make money on the market value for a car which has lower miles than what the lease-end residual value was calculated at.
The tax component is a big one. In some states, you can burn up a good portion of your gain just by having to pay the sales tax when you buy your car.
Take a look at it . Might work out.
