The Driving Edge

asdfg123321 asked:


Hi, when on a Lease/Financial Calculator when buying a car, what does “Estimated Trade Value” mean and how am i suppose to determine it?

I went on the Mercedes Benz Website and was using the Lease Calculator on the ML350 (MSRP: $40,525)

When i enter down payment as: 15,000
Estimated Trade in Value: 10,000 (im taking a stab at what it means)
Length of Lease: 48 Months.
Miles Per Year: 15,000

The monthly payments come out to be only $31 a month…somehow i just dont see that as being correct…however if I change the Estimated Trade in Value to 0, the monthly payments is 269.

I just want to know what “Estimated Trade in Value” is. My guess is: It is the value of the car when the lease ends.