Hi Leasehackr Community- I’m halfway through a 36/10k lease on a 2024 GLE 53 SUV. I’m very pleased with the car but due to a work change I anticipate I’ll be over the allotted miles by about 12k. (About $3k to pay for miles before lease end) I like the Mercedes lineup so I can foresee myself leasing one again.
Should I try and pre-pay the miles before the lease ends/black out period and maybe take advantage of any pull up programs?
Am I thinking about this correctly or should I consider doing something different? Curious your thoughts.
It’s not clear if Mercedes allows for that (call MB Financial to ask). And, if they don’t offer a discount for pre-paying, I don’t think that would provide any sort of advantage.
Thank you for sending this. I don’t have much experience bailing early on a lease. I would assume they would have to either pay your remaining payments or treat the car as a trade. Is that correct? My feeling is I would take a bath either way…unsure however. TY!
It’s actually an exceptionally generous program if you’re rolling into a new Benz lease.
They waive the remaining payments. This effectively ends the lease at the maturity value. You take zero hit for a true up other than miles over the limit.
They do NOT pro rate your miles… if you originally had a 3 year, 10k per annum lease, that’s 30,000 miles over 36 months. Let’s say you’re at month 30 and already at 30,000 miles. You may think you’re pacing to be over miles. But with the early loyalty grounding, you can end the lease early at 30 months and still be assessed for 30,000 miles against your old lease with no penalty for over miles since they aren’t pro-rating.
And they give you a loyalty rebate on your new ride.
Thank you- I’ll wait until I’m closing in on the final 6 months of the lease and see what pull-ahead programs are available and then address any mileage issues.
Dropping the FRCP bomb? No matter, motion to compel and request for fees/costs will be brought for failure to comply with the deposition notice in the original title.
