How would you go about selling a fully loaded E63s?
Thread Starter
Junior Member
Joined: Jun 2018
Posts: 52
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From: Canada
2018 E63s Sedan
How would you go about selling a fully loaded E63s?
The lease on my 2018 E63S sedan is coming to an end and I am realizing that I only drove about 50% of the allowed miles so the car seems to be worth around $20k more than the residual. So if I just drop it off as is to the dealer they could make a lot of money off it and it seems like I would be throwing money away.
But this is my first time leasing and now I am wondering if I can buy the car at the end of the lease and then try to sell it?
Has anybody done that before? How do you go about selling a car like this? I am worried about random people coming to "test drive it" and vetting if buyers are serious as well as avoiding people damaging it.
Is there an easier way to do this? For example could I try to make a deal with the dealership and meet them half way?
Really unsure how this works works and any tips from experienced owners would be greatly appreciated.
But this is my first time leasing and now I am wondering if I can buy the car at the end of the lease and then try to sell it?
Has anybody done that before? How do you go about selling a car like this? I am worried about random people coming to "test drive it" and vetting if buyers are serious as well as avoiding people damaging it.
Is there an easier way to do this? For example could I try to make a deal with the dealership and meet them half way?
Really unsure how this works works and any tips from experienced owners would be greatly appreciated.
Last edited by WolfStagen; Jan 24, 2021 at 11:16 AM.
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Joined: Mar 2019
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Porsche 911 Carrera 4S
I don't think the dealership will make you a deal - you already mutually agreed to the car's residual value at the end of the lease, so I don't think they'd be incentivized to change the deal in a way that loses value for them. Maybe though, everyone seems to have varying levels of leverage with their dealers, so if you are good enough customer, who knows.
In any case, if you decide to do it, IMO the best way these days would be one of the car auction sites targeted at enthusiasts. Check out Cars and Bids and Bring a Trailer. You won't have to deal with tire-kickers or people who don't know why the car is special, and you are more likely to get a higher private sale price.
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
In any case, if you decide to do it, IMO the best way these days would be one of the car auction sites targeted at enthusiasts. Check out Cars and Bids and Bring a Trailer. You won't have to deal with tire-kickers or people who don't know why the car is special, and you are more likely to get a higher private sale price.
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
Last edited by dkgreenr; Jan 24, 2021 at 11:22 AM.
Thread Starter
Junior Member
Joined: Jun 2018
Posts: 52
Likes: 7
From: Canada
2018 E63s Sedan
I don't think the dealership will make you a deal - you already mutually agreed to the car's residual value at the end of the lease, so I don't think they'd be incentivized to change the deal in a way that loses value for them. Maybe though, everyone seems to have varying levels of leverage with their dealers, so if you are good enough customer, who knows.
In any case, if you decide to do it, IMO the best way these days would be one of the car auction sites targeted at enthusiasts. Check out Cars and Bids and Bring a Trailer. You won't have to deal with tire-kickers or people who don't know why the car is special, and you are more likely to get a higher private sale price.
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
In any case, if you decide to do it, IMO the best way these days would be one of the car auction sites targeted at enthusiasts. Check out Cars and Bids and Bring a Trailer. You won't have to deal with tire-kickers or people who don't know why the car is special, and you are more likely to get a higher private sale price.
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
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2018 E63S AMG Wagon, 2020 Audi R8 Performance
If you’re really 20k in the black with the residual buy-out price, why not buy it from the dealer and then go sell it to Carmax or similar? You won’t get the full value you would from selling it yourself to a direct buyer, but you wouldn’t have to worry about dealing with that and still make some quick cash. Worth the effort for sure.
Personally, I’m buying out my wagon lease when it’s up next month. $135k MSRP, residual buy-out price is $78k. I’m sure I could make a decent profit if I went to sell it, but I love the car and it’s staying in my garage!
Personally, I’m buying out my wagon lease when it’s up next month. $135k MSRP, residual buy-out price is $78k. I’m sure I could make a decent profit if I went to sell it, but I love the car and it’s staying in my garage!
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From: Newtown Square PA
2021 GLE580, 2022 BMW X5, 2022 911GTS Incoming
See if your dealer will offer a fair trade in price, or take it to another dealer. Don't tell them its a lease, just get a few numbers. lease can be bought out the same as a loan.
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From: Toronto, Ont, Canda
go fast grocery getter wagon
Thank you. The problem is that I am in Canada and I think the selection of auctions is a bit more limited here. Regarding the dealership, I was thinking that if they don't agree, I would buy out the car anyway but if they do agree, they could still make a healthy $10k profit on it. Has anybody ever done that before, or in general, it's unheard of selling the car back to the dealership at the end of the lease?
i am in Toronto, Ontario and I just went thru this myself a couple of months back. Many Mb dealers may actually tell you your car is not worth much these days ... which would be an outright lie... so, don’t be taken by the dealer.
Last edited by bobblehead; Jan 24, 2021 at 04:15 PM.
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Thread Starter
Junior Member
Joined: Jun 2018
Posts: 52
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From: Canada
2018 E63s Sedan
since you are in Canada, if your car does not have carbon brakes, you should likely be quoted the wholesale value of around $75,000 right now. Dealer will list the car for sale at around $90,000 - $95,000 (if the mileage is very low and in excellent condition). For private selling, I think you can fetch around $85 - $90k.
i am in Toronto, Ontario and I just went thru this myself a couple of months back. Many Mb dealers may actually tell you your car is not worth much these days ... which would be an outright lie... so, don’t be taken by the dealer.
i am in Toronto, Ontario and I just went thru this myself a couple of months back. Many Mb dealers may actually tell you your car is not worth much these days ... which would be an outright lie... so, don’t be taken by the dealer.
Did you manage to sell yours back to the dealer? Was it an easy process or a headache? I am not far from Toronto as well.
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MBWorld Fanatic!
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From: Toronto, Ont, Canda
go fast grocery getter wagon
Interesting. The residual on the car is supposed to be $79,000 at 54k kms but I only have 27kms on it so far. It doesn't have the ceramic breaks but has every other available feature. Interesting how they would only look at the ceramic breaks. I guess all the other features they probably don't value?
Did you manage to sell yours back to the dealer? Was it an easy process or a headache? I am not far from Toronto as well.
Did you manage to sell yours back to the dealer? Was it an easy process or a headache? I am not far from Toronto as well.
I ended up just buying another car from Porsche and will be keeping my wagon for 2 more years.
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From: Toronto, Ont, Canda
go fast grocery getter wagon
My only advise is to have it appraised by multiple dealers so you will get a general consensus. As based on my experience, you can see the range of appraised value is simply ridiculous. Even MB is low balling me on their own car which is highly in demand so that they are trying to make an even bigger margin on used ones.
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E63 AMG, E60 M5
And don't forget about the taxes, which i'm sure you would pay if you buy out the lease and won't get back unless you trade in your car for another purchase and get a tax credit on that amount.
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From: NYC area
2019 E63S wagon; 2016 Landrover Landmark
I don't think the dealership will make you a deal -
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
To this link above my heart sank when I saw that price and just under 5k miles... until I saw that it is a lemon-law car. Unless it's broken, that's a bargain.
Joined: Jan 2021
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From: PNW
2018 E63s wagon [now sold] (& lots of Subarus)
You didn't specify what options the car has, but if it is a decent color combo and has some carbon trim packages, and/or carbon brakes, and/or sport seats, and/or a suite of other good options then it will likely have a open market price of $80k-$90k USD.
I don't know how the Canada market compares though, or what complications it may introduce.
I did read recently on this forum that Canada models imported to the USA lose the ability to get certain coverage options like extended warranty and some other things.
I did see a few for sale in the past 9 months that were Canada models in the USA and they seemed to be at the same market range anyways.
That one is a lemon buyback so it will likely not be a good representation of price. There was a white one with sport seats and some other packages, listed at $70k USD, with a lemon buyback title. it took like 4 months to sell at $70k whereas others listed at $80-90k clean title were selling in days.
I don't know how the Canada market compares though, or what complications it may introduce.
I did read recently on this forum that Canada models imported to the USA lose the ability to get certain coverage options like extended warranty and some other things.
I did see a few for sale in the past 9 months that were Canada models in the USA and they seemed to be at the same market range anyways.
EDIT: There's a 2018 E63S Wagon on Cars and Bids for auction right now, ending this week, if you want to follow along with what the bidding/question/listing process looks like and get an idea of what the private market is by where the auction ends up at: https://carsandbids.com/auctions/36E...mg-e63-s-wagon
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Porsche 911 Carrera 4S
That one is a lemon buyback so it will likely not be a good representation of price. There was a white one with sport seats and some other packages, listed at $70k USD, with a lemon buyback title. it took like 4 months to sell at $70k whereas others listed at $80-90k clean title were selling in days.
