I’m working on finalizing my EQE lease, and have a concern about doing an early buyout. Because of the mileage I do, and the likeliness of the car I had previously ordered coming in in a few months, I want to buyout my EQE essentially immediately after leasing it and capture the available incentives. I am in NJ, but the car is out of state in PA if that matters. No sales tax of any kind on EV in NJ. I would also be rolling in the fees and such into my monthly payment. 2 questions:
How do I accurately calculate the buyout cost? I am led to believe that MBFS will charge a 4% early buyout fee? Would the buyout be [Residual + (Remaining lease payments - Rent charge)] * 1.04?
MBFS does allow the lessee, me, to buyout the lease in cash? I will then send them the money, and they will mail me the title?
How would the early buyout fee be calculated? Would my above calculation be correct? Its just 4% of the Residual + Depreciation for the length of the lease? Idk, based on my math I don’t feel that 4% would be crushing considering my lease is already heavily discounted?
Yeah, I have that concern too. I would dump this thing in like 3-4 months after getting it, wondering how big I would loose even with the 25% off I am getting initially.
You would literally be better off paying the remaining payments and dropping it off early than by lighting $20k+ on fire by buying iet out and reselling.
I’m leasing at 75.5% of MSRP, and a residual of 70%. Still lightning 20k on fire after 2 months? My buyout would be like 62k based on my calculations with the 4%, these things are still selling around 70-80k used?
Some napkin math lease numbers:
13 month leae
MSRP: $80400
Cost after dealer discount and incentive: $57242 + 2k in Fees and such
Residual: 70% 56,280
Monthly rent charge: 373
Monthly depreciation: 171
How am I lightning 20k on fire by buying out early? I literally calculated my buyout with MB 4% at 62k.
