Minimizing loss
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Junior Member
Joined: Feb 2023
Posts: 72
Likes: 5
ESQ450
Minimizing loss
I know the answer already (maybe) but hoping against hope to hear otherwise.
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
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Joined: Dec 2019
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I know the answer already (maybe) but hoping against hope to hear otherwise.
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
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Super Member
Joined: Apr 2011
Posts: 678
Likes: 258
23' EQS AMG
I know the answer already (maybe) but hoping against hope to hear otherwise.
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
MBWorld Fanatic!
Joined: Oct 2021
Posts: 1,189
Likes: 636
From: Iowa
2008 CL550, 2022 EQB 300, 2023 EQS 450 4Matic
I know the answer already (maybe) but hoping against hope to hear otherwise.
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
MBWorld Fanatic!
Joined: May 2005
Posts: 1,439
Likes: 540
From: Philadelphia, PA (USA)
2025 E53 Hybrid
I know the answer already (maybe) but hoping against hope to hear otherwise.
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
I have 2023 EQS 580, month over month, I see eye watering resale price drop
One of the dealers is willing to trade EQS for new BMW i7 electric (nicely speced) with $30K more out the door price.
i know it’s throwing good money over bad money.. what’s your take? My slight hope is i7 has better resale?!
My 2023 EQS 450 4Matic SUV has just over 50K miles after 25 months. Depreciation has been running about $3K per month or $1.50/mile. Not great, but not any worse than the SL550 that I owned for 13 years and also drove for just over 50K miles. Personally, I have had it with EVs and plan to go back to an ICE vehicle to get back to stress free road tripping. I expect to have about 60K miles on the EQS when I am ready to trade it. If the trade-in value continues to decline at the same rate I will probably give the EQS to a family member to use for local commuting.
Junior Member
Joined: Apr 2024
Posts: 24
Likes: 10
2024 EQS 450 4matic
Cars are not investments... luxury EVs. The i7 is no different. Values will always plummet more than we want. Your best bet is to not even look at values, and instead just drive and enjoy your car until you are truly ready for your next vehicle.
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From: DFW
SL63
Junior Member
Joined: Apr 2024
Posts: 24
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2024 EQS 450 4matic
There are two numbers to consider in a lease. The depreciation (as per Residual Value), and the rent charge (based on Money Factor).
I have seen some lease deals where due to various incentives and discounts, the “selling price” of the vehicle is so close to RV, the depreciation is negligible. But they’ll make it up in the rent charge. Don’t worry — they will always make it work out for them. Just like a casino, the house always wins in the end.
Senior Member
Joined: Mar 2024
Posts: 349
Likes: 138
From: California
2024 EQE Sedan
This is bad advice as you will end up paying far more for transportation services than purchasing and reselling, even if you do it on a lease schedule.
If you want to have a new car every few years, then you are going to pay for the privilege. The first three years the car will depreciate at the maximum rate, after that the value drops less dramatically. If you want the best value, then buy and hold the car until the cost of repairs and maintenance is above the value of the car. That will be in a decade or nearly two if you get lucky. For example, I have a car purchased new that I have kept running for 16 years or about 300,000 miles. I got a lot of value for that money over that distance/time period even including all the factory required service, more than any possible lease or quick trade in. It still has a slight residual value, but has held that roughly $1K value the last two years. If I had to guess, counting insurance, service, repairs, gasoline, registration, etc. it has probably cost in the vicinity of $2 - 3 a mile over its lifetime. (The operating costs and depreciation of a car will typically match the purchase price in about three years.)
If you want to have a new car every few years, then you are going to pay for the privilege. The first three years the car will depreciate at the maximum rate, after that the value drops less dramatically. If you want the best value, then buy and hold the car until the cost of repairs and maintenance is above the value of the car. That will be in a decade or nearly two if you get lucky. For example, I have a car purchased new that I have kept running for 16 years or about 300,000 miles. I got a lot of value for that money over that distance/time period even including all the factory required service, more than any possible lease or quick trade in. It still has a slight residual value, but has held that roughly $1K value the last two years. If I had to guess, counting insurance, service, repairs, gasoline, registration, etc. it has probably cost in the vicinity of $2 - 3 a mile over its lifetime. (The operating costs and depreciation of a car will typically match the purchase price in about three years.)
