JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Expiring Lease; Now What?

Sat Jun 03, 2017 7:29 am

At the suggestion of another member, starting this new topic.

I leased a 2014 MB250e in December 2014 for 36 months. Lease coming up this December and I would like to stay electric or hybrid. Choices are a) extend lease by six months or b) lease new MB250e for 24/36 months or c) something else that will bridge to next generation 200 mile electrics. I have begun discussions with my dealer about item b and have yet to talk to MBFS about item a and am monitoring this and other forums about item c.

How many others have leases ending in next 12 months? Please consider putting your thoughts on this topic as they are scattered over a number of topics. Thanks all.

Enjoy the ride!
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

WantOne
Posts: 27
Joined: Sat Feb 07, 2015 11:54 pm

Re: Expiring Lease; Now What?

Sat Jun 03, 2017 10:47 am

Thanks Jeff for starting this thread!

I have 2014 B-class ending March 2017. Only other thought is Tesla 3 but like the body of the B Class better.

Given the recent drop on 2017 pricing I'll soon begin talking to dealers about pull ahead lease. My lease purchase option at the end is around $24K, so at the new pricing, it makes sense with my usage, 200 miles is not important in my case and I'm attempting to leverage this.

Let's share the deal data and maybe we can get a group purchase!

JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Re: Expiring Lease; Now What?

Sat Jun 03, 2017 12:59 pm

Never heard of MB doing pull ahead lease. Heard on radio for another brand, Toyota?, who wanted switchers. At any rate, I agree that having announced 200 mile cars, MB created a situation where it will be harder to dispose of their current electrics.

I know someone on this forum already extended their lease 6 months on a 2014. Please share the deal you got, thanks. Even if it was a simple roll forward of the lease rate.
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

WantOne
Posts: 27
Joined: Sat Feb 07, 2015 11:54 pm

Re: Expiring Lease; Now What?

Sat Jun 03, 2017 3:08 pm

JeffRay wrote:Never heard of MB doing pull ahead lease. Heard on radio for another brand, Toyota?, who wanted switchers. At any rate, I agree that having announced 200 mile cars, MB created a situation where it will be harder to dispose of their current electrics.

I know someone on this forum already extended their lease 6 months on a 2014. Please share the deal you got, thanks. Even if it was a simple roll forward of the lease rate.
Definitely.

Though, this MB dealer advertise pull ahead deals. Pretty sure all we have is just to ask :)
https://www.mbnewrochelle.com/lease-pull-ahead

JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Re: Expiring Lease; Now What?

Sun Jun 04, 2017 5:42 am

Hey W1,

New Rochelle is within range so good to know. Thanks! All mine were acquired from MB-Manhattan which is uber convenient. They will likely match in any case.
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

ClassESage
Posts: 34
Joined: Sat Jan 10, 2015 5:54 am

Re: Expiring Lease; Now What?

Sun Jun 04, 2017 9:53 am

Reached out to my Mercedes lease dealer in Maryland and was told that they may offer an 'Indirect Customer Purchase' rather than a purchase directly from Mercedes-Benz Financial. However, the payoff amount seems non-negotiable (but this may change). The newer technology, longer range electric options from other manufacturers that are now available at similar cost to my 2014 B-class look pretty attractive. The one positive about my B-class is that the range seems to be steady after 28K miles and 2.5 years of use.
I look forward to hearing more updates.
2014 MB B-ED Polar Silver
2010 Toyota Prius
2008 Saab 9-3

JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Re: Expiring Lease; Now What?

Mon Jun 05, 2017 4:00 am

Sounds like another way for the dealer to make money by taking something in between us and the final lender, if not MBFS. The only way it works for our benefit is if competitive rates are lower than MBFS offers.
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Re: Expiring Lease; Now What?

Thu Jun 08, 2017 6:21 am

I received a response to my walk-in inquiry about my lease ending. A young fellow in the dealer's "developing tech" desk called me as the regular sales folks do not handle the B-Class or Smart car at this dealer. Nice enough but a newbie. He answered what he thought was my question, although I did not actually say what it was, and said with a lease expiring in December, it was too early to do a pull forward lease. He did suggest that there was some incentive to retain customers but likely limited. I say that because he suggested we touch base at the end of August. This suggests a maximum 4 month incentive but likely less. He also said he priced a 2018 lease and it was not competitive with the current lease monthly. I doubt he did it correctly as there is a $299 promotion going on and I paid I think $329 back in 2014.

I will likely ring him back and have him run the numbers on a 2016 or 2017 leftover with the tire/fender protection option and post the results.

Sort of shows you that MB loses money on this and can't pay commission to their top sales folks so they assign it to a newbie.
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

Dracula
Posts: 37
Joined: Tue Aug 18, 2015 3:51 pm

Re: Expiring Lease; Now What?

Thu Jun 08, 2017 9:58 pm

Do they still sell the B-Class in NY? You may need to bring one from another state...

JeffRay
Posts: 1101
Joined: Thu Dec 11, 2014 9:12 am

Re: Expiring Lease; Now What?

Sat Jun 10, 2017 7:30 am

Count D,

Yes, they sell the car in NYS. I leased mine in December 2014 and the dealer I am talking to is MB-Manhattan. In the past, I have seen it featured by MB-Brooklyn. I don't see too many MB250e in NY metro area but see a lot of the Teslas X and S. No state incentive to buy or purchase. No initiatives to add public charging stations either. Sigh.
Jeff in NYC
MB '06 E500W; MB '81 380SL
Retired: MB '17 B250e; MB '14 Be

Return to “Buying/Leasing the B-Class Electric Drive”