buy out or extend lease

[Popkatapetapotapulti]

sedan lease ending in 2 months, new car unable to find(still deciding which one to buy). In current car market situation, is it advisable to buy out and sell it later?

car - C300

[Thokkalee]

Buyout is the price is good… you can sell if you find a better car.. 

Dealer markups are crazy now.. when I called a dealer for a car, he marked up by 11K on a 28K car… 

[BommaliNinnodhala]

1 hour ago, Popkatapetapotapulti said:

sedan lease ending in 2 months, new car unable to find(still deciding which one to buy). In current car market situation, is it advisable to buy out and sell it later?

car - C300

Kbb lo fair condition price ki 2-3k less isthe take it— 

[neekunuvvetopu]

1 hour ago, Popkatapetapotapulti said:

sedan lease ending in 2 months, new car unable to find(still deciding which one to buy). In current car market situation, is it advisable to buy out and sell it later?

car - C300

How many miles did you drove vs what they offered.  Do check in the market how much the current rates compared to the mileage.  I have a friend drove 7k in two years compared to the 20K they gave.  And with the way market is - you are better of buying and selling with some markup then move on to next vehicle.

[Telugodura456]

buy out is obvious . almost feels like a troll question. ONly issue is you are unable to raise a loan to buy which is unlikely.

[kran]

1 hour ago, Popkatapetapotapulti said:

sedan lease ending in 2 months, new car unable to find(still deciding which one to buy). In current car market situation, is it advisable to buy out and sell it later?

car - C300

In general, at the end of the lease, you have three options:

1. Simply return the car to a Benz dealer as a "lease return". Pay the lease return fees, they do inspection and ask for any wear n tear fixes like tires, brakes etc.

2. Buy out, pay sales tax and sell it later when you find a new car.

3. Sell it to any benz dealer for the KBB value, no need to pay any taxes or fees. The dealer will pay the pay-off amount to the Benz company and give you a cheque for the remaining value. Eg: KBB value is 40k, lease payoff amount is 30k, the dealer will give you a cheque for 10k.

[FLraja]

1 hour ago, Popkatapetapotapulti said:

sedan lease ending in 2 months, new car unable to find(still deciding which one to buy). In current car market situation, is it advisable to buy out and sell it later?

car - C300

Buy out. No other option unless you want to spend double money 

Example. Your c300 buyout could be 20k and exact same mileage car outside is 30k

If you try to buy same new car it would be 60k

no choice but muskovadam for 3 years 

[phatposts]

edo okati chesi buyout cheyyi - if you like the car. 

If not, carvana and carmax are buying the buyout options for 4-8K depending on car. That gives them the ability to buy out on your behalf and they will reselle. 

[Popkatapetapotapulti]

2 hours ago, Thokkalee said:

Buyout is the price is good… you can sell if you find a better car.. 

Dealer markups are crazy now.. when I called a dealer for a car, he marked up by 11K on a 28K car… 

price is the remaining amount 30k. Vere car theskundam ante delivery around dec which is not suitable for us.

[Popkatapetapotapulti]

1 hour ago, BommaliNinnodhala said:

Kbb lo fair condition price ki 2-3k less isthe take it— 

thakuva enduku istadu, remaining balance katamantadu but I will ask if they can reduce it

[Popkatapetapotapulti]

1 hour ago, neekunuvvetopu said:

How many miles did you drove vs what they offered.  Do check in the market how much the current rates compared to the mileage.  I have a friend drove 7k in two years compared to the 20K they gave.  And with the way market is - you are better of buying and selling with some markup then move on to next vehicle.

35k miles. they gave 30k for 3 years

[veerigadu]

Return. They start giving issues in next 2 years. The car value will drop very fast after 5th year. 

Return this and get a new car on lease

or buy a brand new year if you can find a good deal.

[Popkatapetapotapulti]

1 hour ago, FLraja said:

Buy out. No other option unless you want to spend double money 

Example. Your c300 buyout could be 20k and exact same mileage car outside is 30k

If you try to buy same new car it would be 60k

no choice but muskovadam for 3 years 

most likely buyout and sell when I buy new one anukuntuna..

[FLraja]

2 minutes ago, Popkatapetapotapulti said:

most likely buyout and sell when I buy new one anukuntuna..

Exactly 

[FLraja]

3 minutes ago, veerigadu said:

Return. They start giving issues in next 2 years. The car value will drop very fast after 5th year. 

Return this and get a new car on lease

or buy a brand new year if you can find a good deal.

He is damned either way. Cars are expensive now, new or old he needs to pay a lot