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2017 E300 3 yr 60K mile lease is up; can I lease it again for additional 2 yrs and another 40K miles

csteveccstevec Member Posts: 21
edited April 2019 in Mercedes-Benz
My 2017 E300 36/60 lease will be up in July this yr and will have about 55K mi on it (it is a CPO so the car is covered for 100K miles and for total of 5 yrs)

I like the car...will MB allow me to lease this car again for another 24 months/40 additional miles (at end of the 5 yrs car will have 100K miles)

Will MB lease allow me to lease again as above?
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Answers

  • MichaellMichaell Moderator Posts: 241,268
    cstevec said:

    My 2017 E300 36/60 lease will be up in July this yr and will have about 55K mi on it (it is a CPO so the car is covered for 100K miles and for total of 5 yrs)

    I like the car...will MB allow me to lease this car again for another 24 months/40 additional miles (at end of the 5 yrs car will have 100K miles)

    Will MB lease allow me to lease again as above?

    My educated guess is to say no ... I'm not sure how MBFS will establish a residual value at this point so a lease payment can be calculated.

    Couldn't you just buy the car out at the agreed upon residual value?

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  • csteveccstevec Member Posts: 21
    Hi Michaell

    Well buyout is $37K and I was trying to get a 2 yr lease for in the 20's.

    I think I will want something new @ 90K miles in 5 yrs (my now 3 yr old and 2 more yrs) and @ 90K miles don't think I will get much for it if I buy it for $37K ?

    Do you have an idea as to what it might be worth 5 yrs old with 90K miles when original window sticker was $72,500
  • MichaellMichaell Moderator Posts: 241,268
    cstevec said:

    Hi Michaell

    Well buyout is $37K and I was trying to get a 2 yr lease for in the 20's.

    I think I will want something new @ 90K miles in 5 yrs (my now 3 yr old and 2 more yrs) and @ 90K miles don't think I will get much for it if I buy it for $37K ?

    Do you have an idea as to what it might be worth 5 yrs old with 90K miles when original window sticker was $72,500

    sorry, no predictions on future value.

    What is a 2014 E300 worth with 90K miles? That might give you a rough idea.

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  • kyfdxkyfdx Moderator Posts: 237,100
    cstevec said:

    Hi Michaell

    Well buyout is $37K and I was trying to get a 2 yr lease for in the 20's.

    I think I will want something new @ 90K miles in 5 yrs (my now 3 yr old and 2 more yrs) and @ 90K miles don't think I will get much for it if I buy it for $37K ?

    Do you have an idea as to what it might be worth 5 yrs old with 90K miles when original window sticker was $72,500

    As an in-between choice, you might see if Mercedes will extend the lease at the current terms for 6-12 months.

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