stealth.pilot

My car arrived at the dealership so I will need to complete the purchase in the next week.

However I am having second thoughts. It seems these cars are dropping in value the moment you drop off and you could be looking at a $30k drop in value in the first year on a $145k EQS580. My guess is I already have taken this hit on my sedan which I only got in July.

I think it is a combination of high interest rates, and this car not having as strong intrinsic demand as some of its ICE counterparts. If you compare the EQS SUV compared with the 2023 Range Rover in the secondary market, it is clear the Range Rover is outperforming on resale.

Any thoughts on this?


is there no longer a waitlist?

CincyMBGuy

I don't expect them to hold well, the market for BEVs has been poor on the secondary with of course the outliers. (Rivian, EV Hummer, Tesla's first years)
One of the EQS 450+ Sedans sold at my dealership was for $21k below MSRP.

C2 Turbo

Are you paying any market adjustment ( higher than MSRP) ?

Considering the higher interest rates that would last at least another couple of years, you are bound to lose more than usual especially if you have to pay the higher market adjustment

The used car market is in a free fall and will be for at least few years.

If it was me, I'd pass.

stealth.pilot

Yes they wanted $5k adjustment which is less than the tax rebate, but nonetheless I think you are right. I'm inclined to pass. My hypothesis is I may be able to pick up one of these cars with under 5000 miles in the spring for a significant discount. Yes it might not be my exact build - but because of components shortages, the car I ordered doesn't have the exact build I ordered either.

stealth.pilot

Wow. Thanks for the perspective.

What is the wait for a 580 SUV right now?

CincyMBGuy

Nil. I have 3 open allocations and one on the showroom floor.

manitou202

The days of new cars going for more than MSRP and holding their value for 2 years is over. In the next 3-6 months, we will be back to any luxury vehicle will instantly lose 20% of its value the minute you drive it off the lot. Things are finally getting back to normal.

Any luxury car is a terrible purchase, but they sure are nice.

mkraft3003

this is 100% accurate. Long gone are the days of buying a new car and thinking it will hold its value (with the exception of a few cars). I would go into the purchase with the pre-Covid mindset. As soon as you drive off the lots it is worth less than you paid. We have a great 2.5 year run.

stealth.pilot

Thanks. It has been a good run.

My pre-Covid mindset was either negotiate a hefty discount up front (e.g. got my 2018 E63S new for $3k below dealer invoice) or buy lightly used (I got my wife's 2020 GLE450 for $14k below MSRP, 2 months old with 588 miles on the clock).

Utopia Texas

Many on this board don’t buy high end cars thinking about resale price. 60% of Americans are living paycheck to paycheck so if you can afford a 100k+ car resale is not a consideration,

cerie

Why don’t you try to negotiate with them and take off the 5k mark up? I paid msrp for mine in the dc area so there’s no reason you should have to pay a mark up when there isn’t a waitlist.

LAZARU5

Do you think MB will introduce the EQE SUV at a lower price point than originally planned due to the relatively high inventory of EQS SUVs? It seems odd to me that the Build app for the EQEs is not on mbusa.com by now.

js_cls

I think the higher-end market is getting hit more recently. These are very expensive cars. Increasing finance rates may also be turning people off. Car market is definitely getting ready for a shift, we're already seeing it with some dealers back to sticker, but I think it will go even further than that.

variable229

Is anyone getting below MSRP on a new sale?

FLGatorz

I was just thinking that! The worst hit I ever took was on a Nissan Titan PU. The second worse hit was my Mercedes E63. I don't like depreciation but its not really a factor in my decision to buy a car.

FLGatorz

Don't do it. I am going to assume you are a person of means so it's not really a money issue. If it was you would never be in a MB dealership. There must be another reason you don't want to buy it so don't beat yourself up. Cancel the car and move on....

Sportstick

What are you experiencing when a taller prospect sits behind the wheel with the base instrument cluster? No matter what I do or adjust, the steering wheel blocks the speedo and I can't see it. I'm 6'2".

abhansali

No one should pay above MSRP. I bought mine on 10/31 and paid MSRP. Not heard anyone on the forum getting under MSRP but I'm sure that will start happening soon. I was debating to wait until next year but pulled the trigger this year because I figured the 7500 tax credit + probably saving a few K in financing interest (I bought just before the Nov 1st rate hike and rates are going up again in 2 weeks) means I effectively got the car around $10k under MSRP.

There is another ex-owner on the forum that sold his ~140k eqs suv 580 after 1k miles for 120k. So there is a definite hit of 15-20% immediately off the lot, but that is typical for any new car I think.

I was at our local dealership yesterday getting a car wash and saw 1 eqs suv 580, a eqs suv 450+, 2 eqs sedans and even an eqe 350+ sedan, and this is not a large dealership. They also had a CPO eqs sedan with 2.5k miles priced at 99k (I don't know the original MSRP but it has to be thousands under MSRP). ​​This is a dramatic change from just a month ago when they had almost no cars on the showroom floor.

If it were me and you want the car, I would go in and offer $5k under MSRP and end up at MSRP or some where under. Otherwise walk away, if you change your mind you can go back in a few days, I'm pretty sure the car will still be there.

JoeMa

Small world, we bought our EQS 580 SUV on 10/31 as well and we also paid MSRP ($136K).

BTW, so far this is the best vehicle we've ever owned.

abhansali

That's funny. 2 cars sold on Halloween. It was cool getting into the car and seeing the Halloween screens.

fyi - the car I bought was not the one I ordered - my ordered car was coming next year so I ended up buying a car off the lot that someone else had ordered and cancelled taking delivery of.
​​​​​

Utopia Texas

The Halloween Screens…..

580selblack

It’s pretty easy to get MSRP now. I was quoted a 10k markup and I refused right away. Dealer called back in 5 mins willing to offer MSRP 😂

As we head into the holidays, inventory is going to pile and you can boldly negotiate 10% less than MRSP and get it before year end for the 7.5k rebate !

FLGatorz

I paid $500 under MSRP just a couple weeks ago.

CincyMBGuy

I'm only guessing here, but no I do not. The markup is much smaller on EQ cars than a comparably priced ICE vehicle.

I'll be perfectly honest, I have not run into that issue yet. But lucky you, how's the weather up there? Have you used the automatic seat positioning as a base point and made your adjustments from there?

Sportstick

Clear, with a chance of shrinkage over time....

I did not try the automatic feature. I did spend a lengthy time with my salesperson making every possible adjustment manually within the full range of the seat in all directions and steering wheel, to no avail if I wish to see either the digital speedo at top center or the primary part of the speedo dial at the upper left quadrant AND also have the right arm/leg length and seat height. The wheel would have to be raised too high to clear the field of view. Tried different cluster graphic choices. Didn't help. Apparently, others of my height have had the same experience and dealer said one canceled an order placed before the first units arrived for this reason. Ask someone at your store above 6' tall to try it and please let us know how that goes. Meanwhile, I'm out until Hyperscreen which is somehow different for visibility of gauges, likely 2024MY production at the soonest in the Summer...or some change to the standard instrument cluster position.

My line of sight when properly seated.