Resale value outlook
Thread Starter
MBWorld Fanatic!
Joined: Jun 2010
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From: Atlanta
2022 Mercedes EQS 580
Resale value outlook
Does anyone have a perspective on the resale value outlook for these cars? I am not talking long-term. I mean over the next year.
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
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2015 CLS 550 2015 ML 400 Previous 2020 GLB 250 2019 A 220 2005 ML 350 1989 300 E 2001 SL 500
Does anyone have a perspective on the resale value outlook for these cars? I am not talking long-term. I mean over the next year.
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
Junior Member
Joined: Apr 2007
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Likes: 1
You are asking people to see the future which is impossible. It is likely to hold value, but there is significant risk in the economy right now which is going to effect resale value. Personally I would take the money and run if you have a new care arriving soon. You could easily loose $10K in value over the next 30-45 days with zero warning. Just saw this with my wife's X7. Went from sticker at resale to $75K in less than 30 days.
Out Of Control!!
Joined: Sep 2018
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From: unbegrenzt
2017 GLE350 4MATIC
With battery technology rapidly advancing, I see electric vehicle values dropping at least as fast, or faster, as comparable size and performance ICE vehicles. Even more so with MB’s reliability track record, tattered as it is.
Last edited by chassis; Jun 6, 2022 at 02:06 AM.
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
I domt see them dropping faster. While I agree that battery technology improves, I don’t think it is as rapid as people imply. Based on what you wrote, I might think the 2024 model will have a 500 mile range. I doubt it. It will be a series of incremental steps over years to get there. Look at the Taycan. Same range as when it came our 3 years ago.
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Out Of Control!!
Joined: Sep 2018
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From: unbegrenzt
2017 GLE350 4MATIC
I domt see them dropping faster. While I agree that battery technology improves, I don’t think it is as rapid as people imply. Based on what you wrote, I might think the 2024 model will have a 500 mile range. I doubt it. It will be a series of incremental steps over years to get there. Look at the Taycan. Same range as when it came our 3 years ago.
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Thread Starter
MBWorld Fanatic!
Joined: Jun 2010
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From: Atlanta
2022 Mercedes EQS 580
No. But that is kind of my point. These companies are not updating the product every year. And when they do it is incremental. Tesla on the model S has gone from 275 miles range to 412 miles range in 10 years. It's not earth shattering. Battery innovation is not going to crush resale of the EQS in the next 12-18 months.
Member
Joined: Jan 2022
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2022 EQS 580, 2020 Tesla Model X LR
However, I do think Tesla hold their value in part because of the constant software updates. If Mercedes and other traditional manufacturers stick to the model where you have to buy a brand new car to get newer features they will drop in value faster but not as fast as ICE cars. Just my $0.02
Member
Joined: Jan 2022
Posts: 90
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2022 EQS 580, 2020 Tesla Model X LR
Does anyone have a perspective on the resale value outlook for these cars? I am not talking long-term. I mean over the next year.
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
I have a new 2022 580 coming (built and awaiting ship in Bremerhaven). I am looking to sell me existing 580.
I put it on a car auction website and was offered $132,500 (vs original MSRP of $120k and current MSRP of $127k). Not bad.
But I do have two questions:
1) If I hold off 6 weeks till my new car is delivered or close to delivered, would the price still be similar?
2) Should I be concerned about buying a 2022 this late in the cycle, or do we think resale will be strong (10% or less depreciation per year) on 580s given the supply demand situation?
Newbie
Joined: Feb 2022
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From: CA
2023 EQS 580 SUV 4matic
Newbie
Joined: Jul 2022
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From: Roll Tide!
2022 EQB300 4MATIC
We bought a new 450+ last weekend, saw an AMG available that we considered trading up for, but our ONE WEEK OLD $119,900 450+ was "dealer" valued at $99K....🤨
So, resale is disappointing.
So, resale is disappointing.
Member
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2022 EQS 580, 2020 Tesla Model X LR
I sold my 580 to Salt Lake Mercedes this weekend for $125k. Not amazing but not too bad.
Junior Member
Joined: May 2022
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From: USA
BMW
Honestly a dealer trade-in is never the best option. I approached our dealer for a trade-in valuation, I was looking to trade in a MB Sprinter van towards our 580. I was offered $52K by the dealer I’m buying the 580 from, $47K at Carmax and $42K from the dealer I bought in from. I sold it in one day privately for $67K.
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From: WI
17 E43; 21 GLS580
The 450 is not a hot ticket. Trying to flip a car is almost invariably a losing proposition. If it had been a 580 you might have had better luck. Lets face it, the EQS is still a niche car and mostly among Benz enthusiasts who are looking for an EV.
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
Newbie
Joined: Jul 2022
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From: Roll Tide!
2022 EQB300 4MATIC
although, I wasn't attempting to "flip it," but I was leaning forward on my wife's interests, to PROVE what I already knew.
Given the posting's topic, I felt it worth sharing - have a blessed day.
Junior Member
Joined: Jul 2022
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EQS
Try this to get an idea, prices look good if they can be sold for this amount? Seems to be a lot out on the market with low miles. Makes me wonder why?
https://www.carfax.com/Used-Mercedes...EQS-580_t15338
MBWorld Fanatic!
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From: WI
17 E43; 21 GLS580
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
I sold my 580 via Carmigo to a Hyundai dealer in the mid-west for $125k. That's $5k over what I paid. The MB dealer in Atlanta offered me only $115k so even with the tax factor on the new car I was better off not selling to them. I never paid tax on the old car, so I got $5k plus the tax credit as gains.
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2022 EQS 580
In the Fort Lauderdale area with a 2022 EQS580 Pinnacle MSRP $139,010 with 8,500 miles in pristine condition was just quoted by a MB Dealer $65,500 trade-in value!
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
MBWorld Fanatic!
Joined: Oct 2002
Posts: 4,975
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From: Cincinnati
2010 E350 4Matic
In the Fort Lauderdale area with a 2022 EQS580 Pinnacle MSRP $139,010 with 8,500 miles in pristine condition was just quoted by a MB Dealer $65,500 trade-in value!
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
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Joined: May 2002
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From: Land of 10,000 lakes
AMG GTC Roadster, E63s Ed.1, M8 Comp. Coupe
In the Fort Lauderdale area with a 2022 EQS580 Pinnacle MSRP $139,010 with 8,500 miles in pristine condition was just quoted by a MB Dealer $65,500 trade-in value!
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
Best to lease EV's as ACV's are well below the residual pricing. You get to walk away knowing what the car will cost you for the duration. Some brands have great short-term leases. Mercedes used to have a nice 13 months lease on the EQS and Lucid has a really cheap 18 months lease.
Senior Member
Joined: Oct 2016
Posts: 253
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From: So-Cal
2023 EQS 450+ 2022 Kia Carnival
In the Fort Lauderdale area with a 2022 EQS580 Pinnacle MSRP $139,010 with 8,500 miles in pristine condition was just quoted by a MB Dealer $65,500 trade-in value!
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
My god this was the worst car purchase of my life! New 580's going with $25k incentives - they cant give them away!
My only hope is a private sale
... I saw your first post and wow there was a time these. thing had markups.For 65K your 580 is a steal. If I didn't have mine I would've bought yours for around 70K ish...
