Hey all. I have 10 months left (through Oct 1 2018) on this lease.
21,000 Miles
White Exterior
Black Interior
P1 Package
Harmon Kardon Audio
Current Payment is $845 including tax, trying to get $650 or Best Offer. If interested, please make me an offer.
very little chance to get someone to jump on this. People are getting into new ones (loaners) in the $300s on this forum.
What’s the payoff (buy-out) price?
The buy out price is 44,000
You’d likely have to drop the monthly at least 200. Msrp 65?
When you originally leased this car, you could have leased two E classes for that monthly
yeah, but had to dump a previous 6 series convertible into the payment. long story. but yeah, had the 6 series for 9 months - wasn’t the most conducive for 2 small children.
The car looks very nice, but you will have to throw in a big cash incentive to get the monthly down to a more reasonable number
best to throw cash up front with higher payment, or just lower the payment altogether?
Throwing cash upfront will simply make the payment lower.
If the current payment is $845 including tax, and you throw in a $1,000 cash incentive, 1000/10=100, so the payment drops to $745 including tax
Him throwing in $3000 would bring it down to 545, which is still a lot for the older E class. And he would lose $3000. Any way you look at this, he loses. He got screwed BIG TIME when he signed the lease and honestly, he should just continue paying the few remaining months and go back to MBZ and get a new car, as MBZ usually will pay the remaining 6 month payments if you get in a new lease, in this case it would be worth it.
Use the MBFS factory pull ahead program of 5 months during the winter dream event. Negotiate a very aggressive deal on the Benz you desire and roll in the other 5 months.
At the end of the day, even if you threw 4 grand cash at it, your offering an old body style E at a net effective ~$445 payment.
Just learning about pull ahead programs now, but sounds like MBFS pull ahead program is the best way to cut your losses. You’ll have to stick with MB though, instead of getting that X5.
Oh man, that’s a rough situation to be in. I think you really ought to just finish out the lease. The loss you’re going to have to take to get someone to take this over will be several thousand. Just sell it to Carmax or something if you want to get rid of it.
With 10 months remaining if you throw $3K at it that’s equal to 3.5 payments leaving only 6.5 full payments.
Wait until the end of December, cut a great deal on new MB, roll ahead 5 months, by then you’ll only owe 9 months on thus rolling in 4 months of payments.
That’ll add about $96/month to the payment.
Hope the dealer you leased from sent you some nice xmas cards. Maybe with pictures of the round the world cruise they took on a private yacht courtesy of your lease?
OP, how much negative equity did you roll in from your previous 6 series lease? Why didn’t you just continue to “suffer” through driving it?
Don’t feel bad this is the typical lease for an E class especially if you rolled in negative equity. I agree with the statements above, work it a great deal and do a pull ahead with your Benz into another, try to get a demo like others on the site have and use MSDs to lower the payment. Lastly go with a 24 month lease if you can, good luck!
