Leasing a used MB? - Mercedes-Benz Forum

 
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post #1 of 4 (permalink) Old 07-15-2010, 11:18 AM Thread Starter
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Leasing a used MB?

I am currently leasing an 09 C300, my first MB. While I love it, I also just had a new baby and I am finding I will need something larger. I do not make tons of money and do not live far from work, so leasing has become the best option for me, not to mention that I am car crazy and like to have a different car every few years. So getting a larger MB is something I would like to do next year. The GLK is within my price range but its nothing more then a C300 with a hatchback, so the M or GL is probably a better option. Because I cannot afford a new one, what are everyones thoughts or experience on leasing a used one? I dont even know if MB leases used vehicles, but I do know some of their competitors do. I obviously would ensure the warrenty covers the lease term, and would do a no money down lease, but I am opening it up for anyones criticism or advice.

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post #2 of 4 (permalink) Old 07-15-2010, 11:43 AM
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Leasing is for people with no money, and or find it to their atvantage in buisiness, since it is easier the reflect the monthly payments if the car is used for business at tax time. If the car is purchased and used for business it means capitalizing it, depreciating it, and when selling or trading it declaring it a disposed asset.
I suggest keeping it untill your lease expires, and then moving on to a vehicle of your choice. Many people purchase their car at the end of the lease, which is another silly move since they paid sales tax on the origional sale, and will pay again buying out the lease. If you are closer to the expiration MB was offering to let you out 6 months early if you re- leased another vehicle. The seller makes money on leases, and it makes as much sense as "rent to own" furniture.
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post #3 of 4 (permalink) Old 07-15-2010, 02:59 PM
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There is no such thing as a used vehicle lease from a new MB dealer. So you can cross that off your list. Peter, above makes some very good points about leasing. Unless you make way too much per year and need to burn some of it, or you are writing your car as a business expense, leasing makes very little sense. Its a good way to always keep yourself in debt or driving a vehicle that you cannot actually afford. It sounds like you would be best served getting a much cheaper vehicle, perhaps a used Honda or Toyota product that will be in your outright purchase budget and not break the bank on repairs.
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post #4 of 4 (permalink) Old 07-16-2010, 11:36 AM
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Heh...my wife and I traded a 2004 Xterra for a 2005 C class when she got pregnant. She didn't want to have to "climb" into a truck with a baby seat in hand.

Unless you have a larger family, there's no reason a C class isn't big enough for a family of 3 or 4.

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