KingGimp

I have a friend who is looking to end his lease early on a 2011 C63 with 8,000 miles. He was paying about $1,070/month and has already made about 13 payments. The buyout at the end of his lease is about $38k.

On my end, I have a 2007 IS250 with about 80k miles in excellent condition.

So my questions, I suppose, are:

1. Would the most cost efficient method be to simply sell my car and take over his lease payments? And if so, how would that happen? Would I have to go through the dealership to have the paperwork done?

2. Should I let him return his lease to the dealership, buy his car as used from the dealership, and trade mine in? Would the dealership even do this?

Thanks in advance for any useful advice, as I'm not every experienced in car buying

kinglexus99

I would say sell your car and purchase his car from the dealer after he returns it. Otherwise you are taking on his neg equity from his lease.

If you're in a hurry I would think trade in your car to dealership but still after he returns his lease.

KingGimp

That is what I had thought to do at first, but won't the dealership just mark the car back up? At that point, wouldn't I be taking a big hit with negative equity anyway?

tex2670

If you are lucky, the dealer may not mark it up, in hopes to keep you as a service customer. I know people that have done a 3rd party sale through the dealer, who put it through as a trade.

iRock

iTrader: (12)

Sell your car private if possible. Go to the dealership and switch the name on the lease. Pay the fees . Done. Assuming of course you get approved to take over the lease and that financing company allows that.

UniSlayEX

^^^ I agree

Hertz

I was thinking about to trade in my 2007 IS250 for an audi S5.

slownlow07

iTrader: (1)

$1000 + is waaaaayyyy too much monthly for a car, unless you are loaded. Thats more than what I pay for my condo a month. Sheesh!

p0lo8

C63 is nice and FAST!

KillaIS250

iTrader: (1)

Gotta be loaded if they are driving around a C63

Initial G

iTrader: (38)

C63 is a really nice car. Sell your car and get the C63. I don't think you will be disappointed.

Samieee

iTrader: (1)

If you can afford it, go for it. I don't think you have to go through the dealership. Just contact MB financial services and switch the name on the lease.

KingGimp

Yeah, I'm just trying to figure out the most cost efficient way to handle this. I mean, I know the dealer well, so I'm thinking of going over there and seeing what price they would be willing to sell as used vehicle to me.

As a plus, the car is pretty modded out already. Tuned ECU, carbon fiber spoiler, lip, etc. so that would save me a bunch of money on mods lol.

starknight

iTrader: (21)

C63 would be a very nice upgrade!

llamaboiz

wow 1k a month just to RENT a car~ must be nice to have that kind of money~