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Lease Buyout

dmh3333dmh3333 Member Posts: 10
edited May 2016 in Mercedes-Benz
I am at the end of the lease of my 2013 GL450 and am interested in purchasing it.

Is there any way to negotiate the stated residual value (purchase price on the lease contract) down?

Can you negotiate with any MB dealer as the lease isn't particular to where the car was purchased?
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Comments

  • Mr_ShiftrightMr_Shiftright Member Posts: 64,481
    You should wait for the leasing company to call you, whoever that might be. If you jump the gun and call the MB dealer, chances are you won't be able to negotiate as well with the leasing company.

    Generally, residual values are not negotiable, but you never know--especially if you want for the leasing company to call you and ask you what your plans are.

    You can also shop around for a lease-buyout loan in the meantime. Your bank or credit union might offer a better loan rate than the leasing company. Shopping for your own lease-buyout loan is like a refi---one lender is going to pay off another.
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