Lease End Buyout 2019 Mercedes E300 4Matic

[Donttellmewhattodo]

Hey Everyone,

I hope you all are safe and healthy. Back in 2020 I posted my first lease deal on a 2019 E300 4Matic (See link below):

Signed 2019 Mercedes Benz E-300 $1345 Down, $506/Month (Pre Tax)

Be as specific as possible in the title if you are posting a deal – include car model, monthly payment, and money down. Include as much information as possible in your post, and even a celebratory picture. Greetings, This is my first post here on leasehackr (yay me). I signed a deal today for a 2019 E-300 which was a retired loaner. I traded in my 2016 BMW X1 for this vehicle. I owed $18,529.40 on my X1, Mercedes Benz Downtown gave me $18,500 for my car and I planned on putting $2,000 …

Now I’m back again 3 years later hoping for feedback regarding a lease buyout option =).

Here is a lease buyout write up I received from Mercedes Benz Denver today:

• Car is leased through Mercedes Benz Financial.
• The residual value is $35,710 ~55% and the disposition date is May 15th 2023.
• My current pay off amount is $1,638
• Do you have equity? I am unsure. .I planned on getting the car appraised with Car Max and other third party sellers but I am unsure of how to clearly determine this.

I appreciate any feedback you’re able to provide.

[NELeasingNYC]

Have you tried to trade it in or sell it?
Is there any equity in it?

[Donttellmewhattodo]

Hi, I haven’t gotten the car appraised yet so I’m unsure if there is equity in the car. I also haven’t explored trading the car in or selling it. I believe I need to get the car appraised before I consider buying the car then reselling it?

[NELeasingNYC]

Not necessarily, head over to marketplace and look for a broker who buys cars in your area. He can tell you if there is equity in the car with some pics vin and miles. You can ask the dealer you are working with. If there is equity , you can pocket that or roll it into a new lease.

I am not sure of your location but a decently equipped Audi Q5 would run you around those same numbers with the healthy discounts going on now. (Without equity due) At least in the Northeast region.

Check with current deals for your location Here

[Trent]

$599 in dealer fees seems a bit…absurd?
With how cheap of an interest rate your current lease appears to be - I would milk the lease as long as possible - the money is almost free compared to financing.

[jeisensc]

“Should I buy out my lease?” super-thread

Edit: since this is now the top of the super thread, moving to “Ask the Hackrs”. When submitting this question, please tell us: if Lease is not with OEM captive bank (eg US Bank, Ally), who and what disposition fee is The residual value and disposition date (when are you supposed to turn it in?) Current payoff — NOT the same as the residual unless you have made the last payment If you have extended your lease, where are you on that timeline? Do you have equity? What would the third parties wo…

[max_g]

@Donttellmewhattodo

Palisade

If you want something in this segment I recommend:

A. Financing a Palisade, Telluride or Highlander
B. 18m lease on Pathfinder
C. Extending the Mercedes lease and ordering a Mazda CX90

[Drew_CentennialLease]

Hi there, I’m a local broker in Centennial. If you’d like me to give you an idea of trade value on your Mercedes, shoot me a PM or email me at dparysz@centleasing.com. That way you can get a general idea of where you stand in terms of having equity (or not).