Return lease location - Mercedes-Benz Forum

 
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post #1 of 4 (permalink) Old 12-05-2008, 03:56 PM Thread Starter
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Return lease location

My R350's lease is coming to an end. My understanding is that I need to return it to an MB dealership. I've been shopping around for my next car (MB or minivan) and a Ford dealershipt told me that I can return it there and they'll even pay for my last month payment. My car's residual value was $40,600 and my buy price is under $22,000.

I definitely want to get a new car, but buying this car off and sell it or getting someone else to buy it may make more sense.

Does anyone know whether I can return my MB leased car to a Ford dealer?
Can anyone give me advise on whether I should buy it off?
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post #2 of 4 (permalink) Old 12-05-2008, 04:07 PM
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Typically, leases underwritten by the manufacturer's financing arm requires lease surrender at any of their dealers, since they not only want their people to verify the condition and mileage of the car, they do want first crack to put you back behind the wheel of one of their own.

The offer that the Ford dealership is offering you is to create a sandwich position, whereby they will handling the surrender process as your proxy and you will be giving them "power of attorney" for that transaction.

Flipping the car on your own can work in your favor. Last year, we had a lease coming up on expiration, but since the mileage on it was very low, we checked the market for the car and found that we would likely make a $2-3K profit by selling it ourselves as a used car, after paying the "buyout" price on the contract. You have be be reasonably certain that there's a viable profit margin for your used car before deciding.
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post #3 of 4 (permalink) Old 12-06-2008, 05:24 AM
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I would definately surrender it to the MB dealer at the end of the term, since they will go over it and check for things they can charge you for that are not wear items. You could be in the middle on charges, and I dont know how things could work with the Ford dealer being your agent.
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post #4 of 4 (permalink) Old 12-07-2008, 07:37 PM
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Ford buying the car and MB dealership does not have anything with the car inspection, since buyer knows exact price of the car after lease is over, if the buyer/leaser wants the car to buy.
MB has to check for wears etc...if you returning the car after lease period.
I think there's an option, legal transaction, Ford dealership will send a payment for "buy price" after lease is over and MB is done with the car.
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