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Discussion Starter #1
I paid off the lease in April, 2017. I ordered a 2018 Electric shortly after.

2016 Smart for2, Passion, EN2 tridion safety cell cool silver, EAZ, arctic white body panels, ICL passion upholstery, R 86 15" Passion wheels, 429 6-speed automated dual clutch transmission, P10 Passion.

AM/FM radio, USB port and aux input, Bluetooth, Sunglasses boxes, Lockable service hood, Direct power steering. Power brakes, internally ventilated front disc brakes, 24-hour roadside assistance program, 8 airbags, alarm system, ABS, crosswind assist, electronic stability system, LED daytime running lights, gas, automatic with option for stick controlled shifting, air, cruise, radio, USB, Bluetooth.

Leased in January 2017. Lease paid off including dealer return. Ordered 2018 Electric. Payment 176.22. Lease payoff, 6595. done 4-10-17.

I have no idea how leases work. It will be up to M-B. Especially since the lease was paid off. This is probably only good for an individual who is in no hurry, financially in good to great shape, flexible as to timing of 2018 arrival of my 2018 Electric by 2-3 weeks.

I have no other information other than a full day training session my dealer is going to is on May 23rd, 2017. Nothing other than meaning Smart is set to go on either manufacture, order or delivery.
 

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Not sure you can transfer a lease when it's completely paid off.... I guess you could try to get some money back and return the car to the leasing company/MBFS...
 

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MY08 cabrio MY09 cabrio Brabus MY15 ED
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I paid off the lease in April, 2017. I ordered a 2018 Electric shortly after.

Leased in January 2017. Lease paid off including dealer return. Ordered 2018 Electric. Payment 176.22. Lease payoff, 6595. done 4-10-17.

I have no idea how leases work. It will be up to M-B. Especially since the lease was paid off. This is probably only good for an individual who is in no hurry, financially in good to great shape, flexible as to timing of 2018 arrival of my 2018 Electric by 2-3 weeks.
Leased January 2017 for 36 months?

So what exactly are you "selling" here, lease assumption of your MY16 ICE subject to MBFS approval for the remaining months of the lease following the yet to be determined delivery of your MY18 ED?
 

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I believe he is saying that he paid his lease in full, ahead of schedule, and that he would like to 'loan' it to somebody to make payments to him until the lease term expires? And this, because he is going to be driving a new smart electric vehicle?

? :shrug:
 

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Discussion Starter #8 (Edited)
Dumb

I killed myself by paying off the lease. It now either has to sit in the drive or sit in the drive.

How stupid. Thank you for the post. It pointed this out clearly.

Dumb, dumb, dumb. I would never do anything subversive. I was just to stupid to see what I was doing was idiotic.

I can't even let anyone drive it, like my two daughters. How ridiculous. I must have portrayed a person that obviously begged the question, why are you doing this?

No illegal intent. I wish I had sense enough to check with someone here who could have straightened me out with two posts.

Thanks, guys !!!
 

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MY08 cabrio MY09 cabrio Brabus MY15 ED
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I killed myself by paying off the lease. It now either has to sit in the drive or sit in the drive.

Thank you for the post. It pointed this out clearly.

How ridiculous. I must have portrayed a person that obviously begged the question, why are you doing this?

No illegal intent. I wish I had sense enough to check with someone here who could have straightened me out with two posts.
Yes, you had us quite confused???

Sadly not many options available to you that won't cost you more money? In the eyes of many, the exit of smart ICE from N.A. may make your vehicle look like "dead smart walking" as resale values take a hit and pre-owned inventories lag.

Obviously don't know your lease end buyout but when you add that to your prepay you would be way upside down if you tried to sell it. Probably best option is to give the ICE back when your MY18 ED arrives as at least that would allow you to stop the insurance.

Pray that when the MY18 ED is released there is a flood of inventory and incentives aimed to get current ICE smart owners into ED or at least a $1,000 customer loyalty kiss.

With your lease being fully prepaid, don't know that you can reassign the remaining months to another. Perhaps as you negotiate your ED lease or purchase, ask the dealer/MBFS for some monetary consideration for the low mileage early return (but contractually they owe you nothing)?

Or, become a two smart family?
 

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There is likely a contract clause or stipulation prohibiting subleasing that doesn't benefit MBUSA.
Subleasing is not allowed, period. You are allowed to have a friend, or anybody take over the lease payments from you if you obtain prior permission from MBFS. The new lessee would not only need permission, but also be approved for credit worthiness and other reasons.
 

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Contact your lender/whoever the lease contract is with and see if you can work something out with them.

I'd be willing/able to pick up a lease from now thru to 8/2018. Initially, I'd expect things end there, but if I'm still in the US 8/2018 or later, then maybe extending/re-writing things as needed when I find out.

I doubt that, as is, anything can be done. However, the fact you paid in full may give you some room to sweet talk the lender a bit. That said the underwriter totally has the ability/freedom to be a colossal dick and just hold you to the terms as is and let the car sit there.

Asking them is about the only thing you can do at this point, and if the terms are right I may be able to help take the car off your hands for a 12-18 months so maybe that's a start.
 

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So, I'm still not clear on all this. If you paid off the lease, doesn't the car automatically revert to the lessor? The only time I leased a car, when the lease was up (paid), I was offered the opportunity to purchase the car outright. But I refused, as I wanted another car.

How can you pay off a lease and still retain possession of the car? Is this because the lease is based on a time period as opposed to total payments (as would be the case of a traditional purchase plan)?
 

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Discussion Starter #13 (Edited)
Yikes

Contact your lender/whoever the lease contract is with and see if you can work something out with them.

I'd be willing/able to pick up a lease from now thru to 8/2018. Initially, I'd expect things end there, but if I'm still in the US 8/2018 or later, then maybe extending/re-writing things as needed when I find out.

I doubt that, as is, anything can be done. However, the fact you paid in full may give you some room to sweet talk the lender a bit. That said the underwriter totally has the ability/freedom to be a colossal dick and just hold you to the terms as is and let the car sit there.

Asking them is about the only thing you can do at this point, and if the terms are right I may be able to help take the car off your hands for a 12-18 months so maybe that's a start.
Contact your lender/whoever the lease contract is with and see if you can work something out with them.

I'd be willing/able to pick up a lease from now thru to 8/2018. Initially, I'd expect things end there, but if I'm still in the US 8/2018 or later, then maybe extending/re-writing things as needed when I find out.

I doubt that, as is, anything can be done. However, the fact you paid in full may give you some room to sweet talk the lender a bit. That said the underwriter totally has the ability/freedom to be a colossal dick and just hold you to the terms as is and let the car sit there.

Asking them is about the only thing you can do at this point, and if the terms are right I may be able to help take the car off your hands for a 12-18 months so maybe that's a start.
M-B took the paper in seconds. I got to know a girl in the executive offices fairly well by email.

I always try to take the high road, not because everything is recorded by all companies to an extent I didn't believe but that is the way I try to live my life.

One quick story. I had a 30 day long up to six hours a day with a cable company that provided and still does my internet service. I went all the way up the ladder to two techs who run NYS. One was nice, one was not so much. It was the 30th day of this stuff, I never give up but they would not budge.

I made up my mind to quit that day but it wasn't necessary to tell anyone. I got a phone call from, you won't believe this, no one else will either, it's like telling you, I'm CIA. It was a woman who said the companies "black team" was going to going over every word spoken on both sides for the last 30 days. The black team is a group of individuals who do just that. I actually had a rep at BB laugh in my face. I just walked away.

I had 50 up and 6.7 down for the last 3years 24/7. The last day I just said ok, I will rest assured that "up to 50 Mbps" will be taken of the website, said thanks and goodbye. My premise was, if you can not supply myself and all others with 50 Mbps, 24/7, by same you can not offer it in print. I didn't know what I was even saying. Until I thought about it. What does up to, really mean? It's Clinton territory, it depends on what the meaning of is, is !

I was dumb, even the posts which are mounting would have been willing to tell me all that prior to doing it. It was just a dumb thing to do.

You have posed another rather upsetting scenario. If my lease is paid off, my contractural obligation is over. So is M-B's. Ouch. So, since the contract is finished, they could reasonably ask for their car back or an option to buy.

I called six different M-B finance people and got the same figure, boy, I was smart. Bezel-Busch even sent me a rebate check for overpayment of 112$ and change.

As we talk of this, I had to dump the money anyway, so I had no choice.

Getting to know this girl was a pleasure because she did not lie or misrepresent. With that in mind and reading these kind posts, it's a financial nightmare. I would have to be re-imbursed money as if it was a early turn in. My FICO dropped from 850 to 820 immediately after I paid the payments in full. ?

Leases are really hard to get out of but relatively easy to transfer to anyone with good to great credit. I've had the car since January with 968 miles on it. The big kick is there is no money for them to make on the deal. I can not imagine the stack of paperwork either.

Keep this post up. Chris will be back from the May 23rd, 2018 training day and will call me with the order date or delivery date. The tone is, pulling top Mercedes salesmen from several area's at the same time is going to cost money all the way around and it sounded like a trip and training for a whole day isn't taken lightly. In fact it sounded like a Skype call for an hour would be a huge deal.

All in all, I got a picture of, we are ready to do this thing, all dates are firm and we're ready to go. There is a post of other info but it wasn't reliable, this was and had a big impact to call them together for 2018 Smart training.

Thank you for the kind words and if it can be done Chris can do it. The finance guy who dealt with M-B was not there for fun, in fact I think he may have smiled once. Good hands in that dealership, all the way around, including the first M-B four wheeler in one of the rooms. It was a replica but I thought it was real. Chris said the price tag on the original would be "high."

Anyway, things always work out, I had to push this anyway and could not wait for an electric which was expected Jan late first quarter. Now, I read fourth quarter and they have started production as of a few weeks ago.

Who knows, representing all dealers across the US, they would put that electrics were available and ton of calls would come in with no product. I sometimes found a couple in the US.

If it's meant to be it will happen, until then, thank you.
 

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So, I'm still not clear on all this. If you paid off the lease, doesn't the car automatically revert to the lessor?

How can you pay off a lease and still retain possession of the car? Is this because the lease is based on a time period as opposed to total payments (as would be the case of a traditional purchase plan)?
He prepaid ALL the monthly payments + turn-in fees but the contracted months/miles (lease term) remain.

He can give it back but will realize nothing monetarily from it being a near new low mileage smart.
 

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Discussion Starter #15
Scary

So, I'm still not clear on all this. If you paid off the lease, doesn't the car automatically revert to the lessor? The only time I leased a car, when the lease was up (paid), I was offered the opportunity to purchase the car outright. But I refused, as I wanted another car.

How can you pay off a lease and still retain possession of the car? Is this because the lease is based on a time period as opposed to total payments (as would be the case of a traditional purchase plan)?
Back to back both of you presented that really scary question.

Either return the car or take the buy option we are offering because both of you hit, the lease is technically over.
 

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M-B took the paper in seconds. I got to know a girl in the executive offices fairly well by email.

... etc ...
So to clarify, we will not be able to work out any sort of agreement/scenario wherein I drive that car, correct?

The story was a bit wordy, and/or confusing of a response for a much more simple question and am unsure how to interpret it.
 

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Discussion Starter #18
No, sorry, I am verbose.

It would have to go through M-B through the dealership. If they are not able to make money on the deal, it doesn't make sense for them. For M-B they are really easy to work with. They don't have to draw within the lines. However the car is paid off, lease wise which cuts a lot of stuff in between.

As jwight (sp) welcomed me after my first post told me, if you need answers come here first. The combined knowledge is more here than anywhere. (paraphrased).

I would lose a great deal of money. That's ok. A question for j, is this the first time this has ever happened and what happened after that.

I will know for sure May 24th. When I can expect my 2018. When I know that, I will called M-B, then let you know. They will either say yes or no or maybe, if maybe exists.

It has to be done that way. NY doesn't like writing a bad check to feed your kids, nor any fooling around with the DMV, murder, Cal Harris lives about 19 miles away and he walking around harassing cops at their homes, etc.

If I get a delivery date, I will call M-B, from there on it's you and them and mileage will be low.
 

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A lease is a rental: you do not own the property, you simply pay to possess it. Technically, MB has always owned the car, regardless of whether money is/was owed on it or not. The only way to transfer the car from one person to another is to have MB choose to issue a new lease to @iceisslippery or to have @halfcack purchase the vehicle and then turn around and sell/lease it out. At least that's the way I understand it.
 
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