Hey there, my current GLE lease is up on Feb 20 and as I am getting ready to lease a new car.
Being that I am at 8k over in miles ($2k fee). Have anyone ever received a discount (from the expected penalty) on the mileage overage after lease turn-in IF leasing same make again? - specifically MB!
Since getting into an X5 (preferred choice) that would be a premium to pay for, considering that LAST PYMNT + DISP FEE + $2K IN EXCESS MILES = ~$3600.00!
Do you have any positive equity?
What is your lease buyout and what is the car worth?
You can always approach it by having a dealership buy your vehicle from MBFS. Which eliminates the excess mileage and any damage.
I’m negative. My RV is at ~$38.6k pre tax (if dealership buys it), otherwise ~$42k w/tax for private
Carvana, etc. offered $28k
How would I approach this and what could possible be the outcome $$$?:
“You can always approach it by having a dealership buy your vehicle from MBFS. Which eliminates the excess mileage and any damage.”
Can you buy additional miles like BMW or AUDI at discount? That may save a few $$.
Not sure, I can do so with 1 pymnt left?
If you are ~$10K underwater, then having a dealership buyout your lease won’t work. If you were even to $3K underwater, you could likely work something out with a dealership when you lease your new car.
As a side note, you may want to check your tires as well. If you are 8k miles over you might need new tires. Cheaper to do that at Costco than having MBFS do it for you.
I’m pretty shocked at the residual being that far off though.
Tires are cool, had them changed; more concerned about the miles. Had a friend tell me a few months back that more often then not MBFS will offer a discount on excess miles at lease end when a new MB is acquired. Not sure if that’s a credible statement!
even cheaper on utires.com/ebay 
They will waive the disposition fee and most likely roll the remainder of the fee into in the new lease.
That’s what I’m thinking, maybe friend wasnt given accurate advice…trying to be a smart a$$
Either way $595 disp. is not going to keep me from getting an X5 if I find what I’m looking for!
On a side note, I presume if I get Bimmer >> I can leave them my GLE with last pymnt ($759) + disp. ($595) + $2k in overage miles: rolling approx ~$3400 into the lease (+$94/mo), correct?
You could do that but you’d need to get a very deep discount on the X5 to balance the extra $94mo.
I’m going to keep deals separate, see where I end up! Thx.
“I’m pretty shocked at the residual being that far off though.”
This was the deal I had translated into the LH calculator:
The over-inflated residual is what makes a lease attractive. The bank loses money instead of you. The only con is that you are stuck in it.
So the dealer could manipulate the RV? I though it’s preset by the Manufacturer?
It is not manipulated by the dealer, the captive lender (MBFS) calculates a residual higher than what it would actually be to make lease payments reasonable enough for people to purchase the vehicle.
I get the game they play, but they missed by 15%.
Yes, they may have pushed more leases out, but I doubt MBFS would willingly be that far underwater (if they had a crystal ball).
It’s a balancing act because the used market could start taking away new sales because the prices are so low, it also can cause problems demanding future higher MSRPs If the value is dropping that quick.
I one time negotiated a 4000 dollar with MBFS down too 2000. At the same time we leased over 6 cars with them in the last 6 cars
I’m probably on my 6th car with them, can you let me know how did you negotiate with them? Did you call MBFS and spoke of prospect of leasing again or did you negotiate with the Dealer?
The bill is coming from MBFS so you would need to negotiate with them.