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 Post subject: Any luck lowering the end of lease purchase price?
PostPosted: Wed Apr 25, 2018 2:43 pm 
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Joined: Tue Sep 15, 2015 8:26 pm
Posts: 5
Has anyone had any luck negotiating a lower end of lease purchase price? My lease is up in 4 months and I see used BEDs online for around $15K but my end of lease purchase price is $22K.


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Wed Apr 25, 2018 5:47 pm 
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Joined: Thu Dec 11, 2014 9:12 am
Posts: 743
One forum member, just one, reported successful negotiation of end of lease payment with dealer. My dealer asked me what I would pay and only promised that he would see what he could do. When I said $15K, he said, no. Many dealers won't even try as they would rather you lease a new car from them which is what I ended up doing.

There is no question that they get rid of our cars at auction at around $15K or lower as I saw my old car on cargurus.com listed for $18+K. If you know someone who knows when the auctions happen, you can try to buy your leased car back then.

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Jeff in NYC
MB '17 B250e; MB '06 E500W; MB '81 380SL


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Mon Apr 30, 2018 4:43 pm 
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Joined: Fri May 29, 2015 4:08 pm
Posts: 43
Location: Seattle, WA
As baseline for your negotiation, you can use KBB value


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Wed May 23, 2018 4:07 pm 
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Joined: Thu Jun 18, 2015 6:04 pm
Posts: 36
Talking to MBFS they said that they absolutely do not negotiate the residual, but as with everything YMMV. I am hoping I can extend my lease long enough to see about this EQC (lease ends in Oct). I don't know if that will be possible or not.


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Wed May 23, 2018 9:56 pm 
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Joined: Tue Aug 18, 2015 3:51 pm
Posts: 32
With the gasoline prices going up and the dearth of good EVs on the market I decided to purchase my 2015 B-Class. 28,300 miles and the car runs strong, never left me stranded, battery capacity good as new. MSRP was $49.7k, residual value $22.8k, the dealer will sell it to me for $20.2k.


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Thu May 24, 2018 4:44 pm 
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Joined: Thu Dec 11, 2014 9:12 am
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Dracula,

Good on you. Or something like that. I did see my used 2014 offered for $18K by a FL dealer who bought it at auction but months after I returned it to my dealer.

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Jeff in NYC
MB '17 B250e; MB '06 E500W; MB '81 380SL


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Thu May 31, 2018 11:08 am 
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Joined: Wed Aug 12, 2015 5:53 am
Posts: 2
Lease up in 45 days, decided to try to extend with MB financial who OK'd for 6 months, told them I wanted to see if MB had another electric car available in early 2019. Then in looking at the residual value on my fully loaded 2014 of $24,178, it was offered to me for purchase for $21,599 by my local dealer. I declined and they came back with $19,995 which I've accepted.


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Thu May 31, 2018 5:48 pm 
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Joined: Thu Dec 11, 2014 9:12 am
Posts: 743
wayneslc,

Excellent. I liked my loaded 2014 except mine did not have the range extender or whatever it is called. So I turned it in to get a 2017 with range plus. Got really used to the car and the kids liked the extra room in the second row and my wife liked being up higher but not too high.

Will wait till late 2019 to see what is new and longer legged but always have the option to extend lease or purchase like you did.

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Jeff in NYC
MB '17 B250e; MB '06 E500W; MB '81 380SL


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Sun Jun 03, 2018 7:13 am 
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Joined: Wed Aug 12, 2015 5:53 am
Posts: 2
We also purchased 2 extra years of warranty for about $2,000. I think this car will last at least a decade more. Our original lease was $1000 down and $309/month including the yearly maintenance. So, our outlay for this $52,900 car has been $36,000. If even if we drive it just 5 more years, the cost per month would be $377/month (we have a $9/month bill for electricity due to our solar panels). We've driven most of the other electric cars out there except the Tesla (currently waiting for our Model 3 with AWD-dual motor), and the build quality of the Mercedes is by far the best. BMW I-3 is great but not ideal when taking others in the car or picking up people with luggage from the airport.


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 Post subject: Re: Any luck lowering the end of lease purchase price?
PostPosted: Sun Jun 03, 2018 8:53 am 
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Joined: Thu Dec 11, 2014 9:12 am
Posts: 743
Wayneslc,

Had not focused on available extended warranty. Can you provide some color on who is warranting and of course if it covers battery and electric motor. Very interesting option as I would consider keeping my low mileage range extended 2017 as it fits my current needs.

Thanks for alerting.

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Jeff in NYC
MB '17 B250e; MB '06 E500W; MB '81 380SL


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