Date registered: Sep 2004
Vehicle: 2014 E250 Bluetec 4-Matic, 1983 240D 4-Speed
Mentioned: 2 Post(s)
Quoted: 255 Post(s)
I believe you are going to lose. First, the car still belongs to the agent leasing it to you. You have a contract that says you can drive it for 15k miles a year for three years at the agreed to monthly payment and down payment. The car's anticipated end of lease value, your down payment, and any incentives the manufacturer offers you through the dealer are used to calculate the monthly payment, along with an interest rate. That is a "done deal."
When you turn in the car there is an inspection to verify the condition. I have never heard of a car coming back in better than the minimum condition resulting in a sharing of the value received afterwards by the owner at resale. Same with mileage. So, you are giving back a car worth more than the anticipated contract value. After the fact that is worth nothing to you.
Now, if it is a big deal, you might buy the car for the original end of contract value and then resell it yourself. But, the idea of getting a higher trade in is erroneous. You don't own the car at the end of the lease unless you buy it then. If you try to have the dealer "front" you the money as part of the trade in scheme you will find out just how little that mileage means as the cost of flipping the title twice, and the dealership now owning the car to resell it instead of the original leasing company (MB has a leasing company, if you leased it from MB of America, in the case of an MB). How long the car sits on the dealer lot before going to auction is a function of many sets of circumstances, but the dealer is not going to be enthusiastic about paying you the end of lease amount. Chances are they can pick the car up at auction for substantially less. Jim