Latest Industry News
March 14, 2022
Posted by Chloe Taylor

Trade-In Your Mercedes Benz Lease With VIP Auto Over Carvana, CarMax, or Vroom

One of the advantages of leasing a Mercedes-Benz is that you can decide to return your lease whenever you want. You can either trade-in your current Mercedes for a new model or buy out your lease.

When you lease a new Mercedes with VIP, you agree to make the payments for the car’s depreciation throughout your lease term. At the end of the term, you can choose to return your lease and walk away or purchase the car.

However, if you want to exit your Mercedes lease early, there are many ways you can go about it. Out of these options, trading in your lease with your dealership or to used car dealerships like CarMax, Carvana, and Vroom seems to be the most popular choices today. If you want to save hundreds to thousands of dollars, should you sell your lease to a dealership or CarMax and Carvana?

Can You Trade In A Financed Mercedes Lease?

Under normal circumstances, you can sell your financed Mercedes lease. You can choose to sell your Mercedes leased vehicle privately or to used car dealers like CarMax, Carvana, or Vroom. However, you must find a way to clear up your current loan, either through the money from selling your leased Mercedes or through your pocket.

However, if your current lease is through Mercedes Financial Services or banks like US Bank, Ally Bank, and several other auto credit unions, your options are limited to trading in your financed Mercedes Benz lease to dealerships.

Different auto financial arms and auto lenders no longer allow third-party lease buyouts. No matter how much equity you have on your lease, you can either buy out your lease yourself or sell it to Mercedes Benz dealerships.

Although you can purchase your lease, then turn around and sell it to used car dealers. Regardless, that can be more stressful, and sometimes, you may end up not getting much money from used car dealers like Vroom or Carvana. You’re better off trading in your leased Mercedes with a dealership.

Mercedes Lease Return Options For Me

As selling your financed Mercedes lease to a third party is out of the plate, you still have more options if you want to return your lease early.

Sell Your Lease To Dealership

One great fact about leasing a Mercedes Benz with dealerships like VIP is the option to terminate your lease anytime you want. Sometimes, your Mercedes car may be worth more than the residual value stated in your contract. If your car is worth more, you can decide to sell your Mercedes back to the dealership and walk away with more money in your pocket.

Purchase Your Lease

If you’re enjoying your Mercedes Benz lease and want to hold on to it as yours, the Mercedes dealership can help you change the status of a lessee to the owner. If you have a problem financing this option, Mercedes-Benz Financial will always come to your rescue.

Trading in your Mercedes Benz lease today in NY when you go with the right dealership. Choose VIP Auto. Contact us today at 1204 Hylan Blvd, Staten Island, NY 10305, and get the most delightful lease trade-in.

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VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

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Mon - Fri / 10:00AM - 7:00PM
Saturday / 10:00AM - 4:00PM
Sunday / Closed
1204 Hylan Blvd,
Staten Island, NY 10305
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