Hi all,
I currently leased a Mercedes A220 sedan and still have 27 months left to go. I received this offer from the dealer that I can turn in the car early and get a new car. The account rep told me there’s no due at signing except paying my first lease payment and DMV fees. It seems too good to be true, does anyone has any experience? Is there any hidden fees?
Thank you for your help.
You should get the buyout on your lease from MBFS and compare it to offers from Carvana (etc) to see how much positive equity you would be turning over to the dealer. It’s not that common for MB to have positive equity in a lease, but in this market you never know. Clearly the dealer is counting on this.
The fine print also says $1079 due at signing plus title, registration and other fees. I suspect this number will swell closer to $3K by the time the tacks-ons are complete. The MSRP of the new vehicle is $39,853 which doesnt sound very well equipped.
Hidden fees? That $39k car probably doesn’t exist or “it was just sold”… next thing you know, $50k car, $600/mth and $5k DAS
Welcome
You have been marketed-to. Not unlike those “extend your car’s warranty” mailers, but fancier.
Yes, you may have equity
Do your own evaluation to see what your car is worth, and go from there.
I got something similar from my dealership from Honda stating they had low inventory of used cars and that mine being only a couple years old they would buy it out and get me into a new lease. Long story short they offerer me a buyout that is about 2k in equity vs others who are offering 4k 5k 6k 7k more. So don’t be quick to take the offer, see what other sites are offering to buy out your lease.
