Hello and happy holidays to all.
I am hoping to get some advice. The 36-month lease for my Mercedes GLE is up in a few weeks. I am debating whether I turn in the car or purchase. Mercedes will give me a 3 month extension to make the decision.
I met with Mercedes and when all the numbers are crunched, I will be paying up to $15K more for the car than the price I negotiated when I leased. The interest rate is also around 5%, which is 2% more than the current rate.
This is my first lease and am looking for guidance on what to do. Should I purchase even if $15K more and higher interest rate, so I don’t lose the equity? Or do I turn in the car and finance something with another brand?
Welcome your expert guidance.
Many many thanks!!!