I am trying to get rid of my 2019 C300 lease. Please advise on my situation
MB stops doing lease transfer therefore I can’t transfer the lease to anybody
The customer’s payoff amount is $28500. And I am trying to sell to Vroom for $29500. However Mercedes only allows the car to be sold with a dealer’s pay off ($31700). Why is dealer’s payoff $3000 more expensive than customer’s
Should I buy the car then sell them to Vroom to prevent $3000 out of pocket?
With regards to #2, ally’s putting me in the same situation.
With regards to #1, it’s been mentioned before by I think @mllcb42 that MB has every right to allow or disallow transfers. While it sucks, it certainly doesn’t make them “the worst company to lease from”
I enjoyed my GLE for 3 years they were easy to deal with at lease end and offered a complimentary 2 week extension on my lease while doing final negotiations on a new Benz.
As others have reported, if you have the money, CA has a 10d grace period on paying sales tax. If I were you, I would go this route.
Edit: there was a deleted (good) question from @Mikemikemike about title delays, CA has suspended their expedited title transfer, but they use Electronic Titles anyway:
Perhaps the most useful benefit to lienholders is electronic notification when liens are perfected. Lienholders will no longer need to wait for a paper title in the mail to verify their liens are perfected. Instead, they’ll receive electronic notification the next business day, with owner and vehicle information included.
I also got two payoffs amount recently from MB. However I thought the lower amount which is the one without taxes? was the one which any dealer/vroom/carvana had to pay and as a customer you had to the pay the tax’d amount which is the higher?
Anyways when I sold my range rover Velar that was what happened. I have a payoff amount of 43k but the local place that bought my car got a payoff of 39k and thus I was up like $5k from their 44k offer.
I was expecting the same situation to happen when I get rid of my c300 soon.
Deleted for the exact reason @mllcb42 stated. After I submitted I realized it’s probably 10 days from title transfer, not payoff. But I also didn’t want to research it to confirm lol so I just deleted. Probably should have edited it instead to tell OP to look into it.
If any bank allowed a lessee to take all the profit from selling a closed-end leased asset (ie which the bank owns), they need to be sued for breach of fiduciary duty to their shareholders
"If you purchase your vehicle you will receive a new title.
For fraud prevention purposes, Vroom can only proceed with titles that are at least 14 days old. After receiving your new title, please wait 14 days and submit your vehicle information on our website to receive a new offer."
@duc1986d did you ever get this sorted out? I’m also trying to sell my C300 to Vroom. MBFS told me the pay off document is the same, but it has my name written all over it. Not sure how Vroom is supposed to use that