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 https://viplease.com/, and get the most delightful lease trade-in.