SL/R231: Glut of lease returns, prices plummeting......
Thread Starter
MBWorld Fanatic!
Joined: Oct 2010
Posts: 8,157
Likes: 4,382
From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
Glut of lease returns, prices plummeting......
This was just posted in the W222 S Class forum and I thought some here might be interested. Dr. M?
https://www.bloomberg.com/news/artic...=pocket-newtab
https://www.bloomberg.com/news/artic...=pocket-newtab
Last edited by Streamliner; Apr 17, 2020 at 11:54 AM.
Thread Starter
MBWorld Fanatic!
Joined: Oct 2010
Posts: 8,157
Likes: 4,382
From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
Since homes are, overall, an appreciating, income producing investment, all the good deals were snapped up by investors, REITS, etc. Not nearly what we can expect with a glut of late model cars.
MBWorld Fanatic!
Joined: Dec 2015
Posts: 1,636
Likes: 522
From: Hagerstown MD
2015 SL400; 2019 X5M40i
There are so few SLs sold or leased I don't think we will see anything close to a "gut" of SLs available. That said, there does seem to be a glut of off used cars building up due to closed auctions. I also expect to see an increase in lease defaults that will further decrease prices of commonly leased cars. Great time to buy an off lease Accord or Camry, maybe even a Lexus, BMW, Audi or Mercedes, but not an SL.
Super Member
Joined: Jul 2018
Posts: 563
Likes: 171
From: Nothern Georgia, U.S.A.
'17 SL450, '25 Lyriq, '25 Sonata Hybrid, '96 Corvette GS coupe
Thus was just posted in the W222 S Class forum and I thought some here might be interested. Dr. M?
https://www.bloomberg.com/news/artic...=pocket-newtab
https://www.bloomberg.com/news/artic...=pocket-newtab
Thread Starter
MBWorld Fanatic!
Joined: Oct 2010
Posts: 8,157
Likes: 4,382
From: Corona Del Mar, CA
2019 SL450, 2019 E450 Luxury Trim Wagon, 2024 BMW I7 xDrive60
There are so few SLs sold or leased I don't think we will see anything close to a "gut" of SLs available. That said, there does seem to be a glut of off used cars building up due to closed auctions. I also expect to see an increase in lease defaults that will further decrease prices of commonly leased cars. Great time to buy an off lease Accord or Camry, maybe even a Lexus, BMW, Audi or Mercedes, but not an SL.
As a side note, I had a 2004 SL500 coming off lease in 2008 when the economy was in the tank. MBFS kept dropping and dropping the buyout price. I was going to buy it at lease end anyway (I kept that car for 12 years), but ended up getting it for about $10,000.00 less than the residual stated in the original lease. When times get tough..........
