Lease buyout question
Thread Starter
Member
Joined: Sep 2006
Posts: 78
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From: Grand Haven, MI
'05 E 55 Black
Lease buyout question
My 39 month lease will be finished in March. Now back to the proverbial question...do I buy or go to the 63. Residual is about 49K on the beast and I have 39k on the odo. I did get an extended warranty to 100K, which is transferrable with the vehicle.
My dealer said that there may be some wiggle room in negotiating the final sell price with MB Financial if you "don't act too interested in the buyout". Whereas others I have heard from say there is no further discussion. What are your thoughts?
I am leaning toward the purchase (using someone outside MB Financial, of course), with plans to do a stage 1 or 2 down the road.
My dealer said that there may be some wiggle room in negotiating the final sell price with MB Financial if you "don't act too interested in the buyout". Whereas others I have heard from say there is no further discussion. What are your thoughts?
I am leaning toward the purchase (using someone outside MB Financial, of course), with plans to do a stage 1 or 2 down the road.
Junior Member
Joined: Mar 2007
Posts: 47
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From: Libertyville, IL
08 ML350, 00 BMW 323i
Lease Again
I am a fan of leasing. Drive it like you stole it, turn it in, get another! Currently I have a 300c SRT8 on lease and an ML350. e63 will be replacing the 300c SRT8 for sure.
Senior Member
Joined: Mar 2006
Posts: 311
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From: Bay Area
2004 E55 AMG, 2002 Porsche 996 TT, 2004 BMW x5 4.8is, 2004 F360
It's generally a bad financial decision to buy your car after your lease is up. It would have been less expensive to purchase the car originally. I would recommend you turn it in and get a smoking deal on a new E63, if they're still to be had.
Senior Member
Joined: Aug 2007
Posts: 383
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From: Los Angeles, California
07 CLS63 | 06 SLK350
The only time that does not hold true, is when you are able to write off the lease payments as a business expense, in which case, you end up paying less than if you had bought it with a loan.
Thread Starter
Member
Joined: Sep 2006
Posts: 78
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From: Grand Haven, MI
'05 E 55 Black
This is my situation. My dilemma is whether to convert to the 63 now, or wait 3+ years ( in the meantime drive the S**t outta this one) and see what AMG has to offer.
Super Member
Joined: Dec 2004
Posts: 783
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From: Atlanta
06 E55 Black
From a financial standpoint, it doesn't matter what the OP paid in lease expense or whether in hindsight that was the best way to go - it's a sunk cost. The only issue is whether he can buy the car off of lease for fair market or better.
Administrator
Joined: Mar 2005
Posts: 4,080
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Drives Slowly
I'm in the same boat you are and I will likely buy my E55 at the end of the lease in four months for several reasons:
1)I have a lot of of money in mods.
2) I still love my car with its brutal acceleration and luxury appointments.
3) I see no real upgrade by making a changeover.
4) I have the fastest E55.
lol
5) It still turns heads.
1)I have a lot of of money in mods.
2) I still love my car with its brutal acceleration and luxury appointments.
3) I see no real upgrade by making a changeover.
4) I have the fastest E55.
lol5) It still turns heads.
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MBWorld Fanatic!
Joined: Jul 2003
Posts: 4,929
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From: Tampa, Florida
06 SL65 / 97 993tt /11 Suburban/ 2012 GTR (AMG è la mia Famiglia la Bestia è la mia protezione)
I'm in the same boat you are and I will likely buy my E55 at the end of the lease in four months for several reasons:
1)I have a lot of of money in mods.
2) I still love my car with its brutal acceleration and luxury appointments.
3) I see no real upgrade by making a changeover.
4) I have the fastest E55.lol
5) It still turns heads.
1)I have a lot of of money in mods.
2) I still love my car with its brutal acceleration and luxury appointments.
3) I see no real upgrade by making a changeover.
4) I have the fastest E55.
lol5) It still turns heads.
I like the fresher look of the E63 but not enough to switch and not especially after getting my Beast much faster! I'll still turn more heads than the E63 by just hitting the accelerator and let the exhaust note sing.
Wolverine...I'd wait for the E63TT and drive the crap out of your E55 while we let AMG skunkworks do their magic.
Jon
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Thread Starter
Member
Joined: Sep 2006
Posts: 78
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From: Grand Haven, MI
'05 E 55 Black
I like the fresher look of the E63 but not enough to switch and not especially after getting my Beast much faster! I'll still turn more heads than the E63 by just hitting the accelerator and let the exhaust note sing.
Wolverine...I'd wait for the E63TT and drive the crap out of your E55 while we let AMG skunkworks do their magic.
Jon
My thoughts exactly. Without starting another flame war of 63 vs 55, there just doesn't seem to me to be enough of an upgrade to justify the switch. We also have the the mod potential which has been tried and true
MBWorld Fanatic!
Joined: Jul 2003
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From: Tampa, Florida
06 SL65 / 97 993tt /11 Suburban/ 2012 GTR (AMG è la mia Famiglia la Bestia è la mia protezione)
With the VRP improvements to 63 its getting closer, but not close enough for me.
Thread Starter
Member
Joined: Sep 2006
Posts: 78
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From: Grand Haven, MI
'05 E 55 Black
Administrator
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Posts: 4,080
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Drives Slowly
I'm getting ready to drop some VRP cams in my car with 27,000miles and I'm not worried.
I had this conversation with Cory from Kleemann USA and he told me that he is not afraid of with 55s with miles on them. He thinks that they are put together well and will hold up even after mods. They don't suddenly fall apart when you reach 50,000 miles.
I had this conversation with Cory from Kleemann USA and he told me that he is not afraid of with 55s with miles on them. He thinks that they are put together well and will hold up even after mods. They don't suddenly fall apart when you reach 50,000 miles.
