Can You Negotiate a Lease Buyout?

finance buy here pay here

Buying and leasing both have their benefits, and sometimes Oakwood drivers leas and then realize they really love their vehicle. This can leave them wondering if a Mercedes-Benz lease buyout is negotiable. The answer, in most cases, is yes! Most leasing agreements include an estimated Mercedes-Benz lease buyout price in the contract, but in most cases, it is possible to negotiate an even better deal. Find out how to end a car lease early, tips for your Mercedes-Benz lease buyout negotiation, and get a great price with Mercedes-Benz of Centerville!

Tips for Buying Out a Car Lease Early

When it comes to an early Mercedes-Benz lease buyout, there are a few things you want to keep in mind to make sure you get the price that you want:

  1. Research vehicle prices – Usually you’ll see an estimated Mercedes-Benz lease buyout price at the end of your lease contract. If you find that the current market value for the vehicle is much lower than estimated, you’ll have the leverage to negotiate a better deal.
  2. Speak with your vehicle financer – If you’ve financed at your dealership, you can go directly to them. If you took a different route to finance your vehicle, your dealer may not be the sole determiner of the lease buyout price. Contact your lender directly to see if they’ll accept a lower total cost for the vehicle and see if there are any car lease early termination fees that you’ll need to consider. With this knowledge, you’re ready to start your Mercedes-Benz lease negotiation.
  3. Make an offer – After you’ve gathered the numbers, you can approach your dealer with an offer. If you can show that the estimate in the contract is inaccurate, dealers will generally offer you a price closer to what you’re requesting.

For more information and car buying tips, feel free to contact us at Mercedes-Benz of Centerville!

Picking the Right Mercedes-Benz Lease Buyout

Now that you’ve seen how to handle a Mercedes-Benz lease buyout negotiation, it’s important to consider your timing. It’s pretty common practice for drivers to purchase their vehicle at the end of their lease, but some drivers are interested in buying out a car lease early. When deciding between these two options, keep these considerations in mind:

  • End of lease buyout: Typically, the price is set and is based on the residual value at the end of the leasing term. In select cases, you can begin an end-of-lease negotiation to improve the price.
  • Early lease buyout: This provides a good option for drivers hoping to avoid mileage and service penalties. Pricing for this Mercedes-Benz lease buyout option is determined by the amount you still owe on the lease and the vehicle’s estimated remaining value at the end of the term. Additionally, some leases may include a car lease early termination fee.

couple trade in car

Finance or Lease With Mercedes-Benz of Centerville

At Mercedes-Benz of Centerville, we’re dedicated to helping Oakwood and Bellbrook drivers find their best path to their next vehicle. Whether that means buying, leasing, or negotiating a lease buyout, our finance team associates are here to help! Browse our inventory today and pay us a visit to get started!

 

More from Mercedes-Benz of Centerville

  • 2024 Mercedes-Benz EQE Sedan Range

    Are you considering switching from gas-powered to electric cars? Meet the 2024 EQE Sedan from Mercedes-Benz—a vehicle that blends premium performance with sophisticated style. More than just transportation, it’s a lifestyle choice tailored to your tastes as you navigate the streets of Kettering. Join us at Mercedes-Benz of Centerville as we explore the details of the 2024…

  • 2023 Mercedes-Benz GLC Trim Levels & Price

    Make every drive in Kettering a joy to behold when you invest in one of the 2023 Mercedes-Benz GLC trim levels for sale at Mercedes-Benz of Centerville. Not only do you get a high-performance engine but you also have an affordable entry into the luxury segment thanks to the 2023 Mercedes-Benz GLC trim price. One of these…

  • 2023 Mercedes-Benz EQS SUV Trim Levels and Pricing

    The 2023 Mercedes EQS price is worth every penny for Kettering jaunts. Even better, the range on these world-class SUVs gives you plenty of miles to go on weekend getaways to your favorite resort while having the best summer road trips of your life. Find out all of the details about the 2023 Mercedes EQS…

  • 2024 Mercedes-Benz GLE Trim Levels & Price

    If you’re searching for a luxury SUV to upgrade your Kettering commute and exciting trips beyond Bellbrook, the latest Mercedes-Benz GLE could be the vehicle for you! As your trusted Centerville Mercedes-Benz dealership, we’ll explore the Mercedes-Benz GLE 350 and Mercedes-Benz GLE 450 starting prices and standard features to help you see which Mercedes-Benz SUV…