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about to purchase a new 2023 EQE 4-Matic - good deal ?

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Old Nov 25, 2024 | 10:00 PM
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about to purchase a new 2023 EQE 4-Matic - good deal ?

Hi, I am new to this forum and need some advise.

We are in the market for an electric vehicle after I fell in love with it while driving a rental in Germany last month

After some research, I believe we would like an EQE 350 SUV 4-matic. I did find one online: NEW - but 2023 ( no loaner or demo ), blue, driver assistance package and a few more options. MSRP came out $84,5xx. The MB dealership is offering it for approx. $53,000 plus tax, title .... Sounds like a good deal to me, but is it ??

As far as I understand the vehicle will not qualify for the $7,500 tax credit since it's original MSRP is over $80k - correct ?

Would appreciate some thoughts and advise - thank you

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Old Nov 26, 2024 | 08:48 AM
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2023 EQE350 4MATIC, 2023 EQE 350 4MATIC SUV, 2015 E250 BlueTEC 4MATIC, 1995 E300 Diesel
Welcome! If it's new, probably pretty decent deal. We bought a very similar one as a loaner a year ago, and it had 3600 miles on it, for around $62k. There are really no significant changes between '23 and newer, so I'd go for it if I were in your position and liked the car. They are truly fantastic. We have both SUV and sedan and are super happy with either.
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Old Nov 26, 2024 | 02:23 PM
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2023 BMW iX, 2023 Mercedes EQE 500
Originally Posted by witthuus
Hi, I am new to this forum and need some advise.

We are in the market for an electric vehicle after I fell in love with it while driving a rental in Germany last month

After some research, I believe we would like an EQE 350 SUV 4-matic. I did find one online: NEW - but 2023 ( no loaner or demo ), blue, driver assistance package and a few more options. MSRP came out $84,5xx. The MB dealership is offering it for approx. $53,000 plus tax, title .... Sounds like a good deal to me, but is it ??

As far as I understand the vehicle will not qualify for the $7,500 tax credit since it's original MSRP is over $80k - correct ?

Would appreciate some thoughts and advise - thank you
That seems to be a solid deal. You won't qualify for the $7,500 tax credit but you could look to do this as a lease with multiple security deposits with the intention of buying it out at the end of the lease and you will realize the $7,500 tax credit. I would certainly do the math on that.
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Old Nov 26, 2024 | 02:27 PM
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Originally Posted by SignMD
That seems to be a solid deal. You won't qualify for the $7,500 tax credit but you could look to do this as a lease with multiple security deposits with the intention of buying it out at the end of the lease and you will realize the $7,500 tax credit. I would certainly do the math on that.
the dealer would not let me lease this car. He said cash only deal. No idea why. But tbh, I don't like the idea of making payments anyway. I rather pay cash

Thank you !
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Old Nov 26, 2024 | 02:32 PM
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2023 BMW iX, 2023 Mercedes EQE 500
Originally Posted by witthuus
the dealer would not let me lease this car. He said cash only deal. No idea why. But tbh, I don't like the idea of making payments anyway. I rather pay cash

Thank you !
That doesn't make sense as the lease is no different than a purchase to the dealer. With most leases you can buy out the car usually within a month or two so to save $7,500 would be worth it even if you have a payment for 2 months. Many people have filed the strategy with EVs once the $7,500 tax credit was changed. Regardless seems like a good deal Hope you like the car I have the 500 and like it a lot.
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Old Dec 2, 2024 | 08:48 AM
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Eqe350+ suv
More than likely MB financial is not offering lease terms for a 2023 anymore, I think they stopped a few months ago. That doesnt mean there isn't another lease co, third party, out there willing to do it.

the orice seems right but the only caveat is do u want to own an electric car w a 300m range when 3-5 yrs from now the avg range may be 500-700m and the car will suffer some serious depreciation. But honestly if u figure the car costs u 600\month for 4yrs that would be 28k and will it be worth 25k then?

FWIW I own one, our first electric and like it a lot.

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Old Dec 2, 2024 | 09:34 AM
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Originally Posted by Phatfill
More than likely MB financial is not offering lease terms for a 2023 anymore, I think they stopped a few months ago. That doesnt mean there isn't another lease co, third party, out there willing to do it.

the orice seems right but the only caveat is do u want to own an electric car w a 300m range when 3-5 yrs from now the avg range may be 500-700m and the car will suffer some serious depreciation. But honestly if u figure the car costs u 600\month for 4yrs that would be 28k and will it be worth 25k then?

FWIW I own one, our first electric and like it a lot.
We decided to buy it and will pick up today. If I make payments around 700 a month for 3 years that would come out to around 25k. Paying 53k cash and selling it in 3 years I would need to get 28k to break even.
I live in VA but title my cars in MT. That saves me sales tax and yearly personal property tax. I have no idea if and how this would be possible with a leased vehicle. I believe in my case, buying is the better choice vs leasing.
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Old Dec 2, 2024 | 09:53 AM
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2023 EQE SUV 500 4Matic
Congrats! I've had my EQE SUV for over a year now and really enjoy it.
We look forward to your future posts!
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