Hi all!
I’m trying to buy out the Mercedes lease on a car I recently leased from a dealer. MBFS stated that since I’m not buying it out within six months of the lease end date, I need to pay an early termination fee as well as a disposition fee. Is that normal?
I’ve done early lease buyouts with other brands and never had to pay these fees. Thanks in advance.
Think MBFS added that 4% fee during Covid. Check if it’s listed in your contract.
what’s the car you’re trying to buy out? if it’s an ev, don’t do it
Can you explain why?
How does the market price compare to the buyout price?
most EV’s are cheaper on the secondary market than trying to buy out your own.
I saw a lot of people asking why I’m doing this, so I wanted to explain my situation.
I have an EQE lease ending in about 5 months, and I’m already over the mileage limit. Instead of continuing to drive it and paying extra mileage, I leased a Mercedes loaner at a very good price.
By doing this, I don’t have to pay the remaining 5 months on the EQE, and the disposition fee is waived as well. With the new loaner lease, the dealer buyout price is lower than a third-party buyout because there’s no sales tax involved (For example: Carmax will pay 35k to buy this car, where the payoff from mbfs is only $34).
In the end, I returned the EQE 5 months early at no cost and also received some money by turning the loaner lease. If there’s no additional fee, the total amount I receive will be about $2k more.
Have you requested a payoff number with detailed breakdown? This is the ONLY way to find out what fees are involved, without this we can speculate for another 5 months.
Very interesting! The reason I ask is because our EQE SUV lease ends in April and we are thinking about ordering the new GLC w/EQ technology, but would have to extend our current lease to bridge the gap before the new vehicle arrives.
So the pull ahead program continues?
I don’t quite understand what this means or why you buying out the EV is advantageous.
