Concerned about recent value drop on the EQS
#51
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I’m just saying the collision notifications can be set off by things that aren’t collisions. For example, when the cars come off the truck at the dealer sometimes they have been set off due to how they are loaded/unloaded. My S-Class once alerted me of a collision, but it turns out that when I was parked inside a garage, that the car next to me with a very loud modified exhaust was the culprit. Its a feature that hopefully you’ll never need but is handy if something bad does happen. However I have heard from another owner that sometimes it can be set off by a car lift purely because the car’s electronics detect that it was somehow off the ground.
#53
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#54
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I’m just saying the collision notifications can be set off by things that aren’t collisions. For example, when the cars come off the truck at the dealer sometimes they have been set off due to how they are loaded/unloaded. My S-Class once alerted me of a collision, but it turns out that when I was parked inside a garage, that the car next to me with a very loud modified exhaust was the culprit. Its a feature that hopefully you’ll never need but is handy if something bad does happen. However I have heard from another owner that sometimes it can be set off by a car lift purely because the car’s electronics detect that it was somehow off the ground.
#55
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Depends on what you mean by accurate. They are very sensitive. I had my car trucked to Florida from RI and I inadvertently armed the sensors midway en route. I also got a warning that car was in collision. I immediately called the driver who assured me there was no collision. Sure enough, it was the shaking of the car on the truck that set off the alarm. I did a through inspection of the car and not a scratch. Someone also posted by jacking their car up to change a tire also set off the collision warning.
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Radman991 (06-08-2023)
#57
Dealer just called. The whole front end motor will need to be replaced. They don't have the parts and they think it may take up to 2 months. So right now I am as yellow as a Lemon.
#59
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If you are lucky MB may have the dealer buy it back. That will be a whole lot quicker and easier than if MB has to buy it back.
Monday morning call and ask to speaker to the dealership GM.
#60
Member
I don't like the design of the car...I've made that clear...but I didn't start this thread. Why do you think that values have dropped and are dropping? At my dealer they went from Markups on the EQS to incentives and payment banners even on the EQS SUV, while they still command MSRP or even markups on models that weren't marked up as far as the EQS a few months ago. To what do you attribute that to?
In many cases, automakers use incentives as a means of driving sales for models that are underperforming. However, giving cash rebates can be viewed as a signal of a particular model's poor sales performance and can be damaging to a brand's reputation. To avoid this, some manufacturers choose to provide incentives through "hidden" channels, such as dealer incentives and low APR financing. Dealer incentives are essentially bonuses given to dealers for selling underperforming models and are preferred by many luxury car brands as an alternative to cash-back rebates.
That being said, it's for those very reasons that I was more attracted to getting an EQS. "Full price for this car? Not a chance. But do I enjoy it nonetheless? Absolutely. It's the difference between choking on a $112k price tag but drooling over a steal at $77k. Smart shopping, if you ask me!" At first, I was put off by the looks, and then when I saw the pricing, I knew that there would be challenges moving these models at some point, not to mention the fact that as an EV, which tends to be a second car in many households, buyers are less likely as a whole to clamor for the jelly bean at close to full price. Especially when there are significantly more attractive EVs at this price point that have much more curb appeal. That being said, the jelly bean has grown on me, and the opportunity to attain one at a cost that would cause your jaw to drop is the only reason I even considered this car. So far, I really like it, and the looks are growing on me. Most of us would jump at the opportunity to take one home, and I did just that, but only because I snagged a deal that was similar to what I was paying for my 22 Lexus ES 350 Ultra luxury, a car that MSRP's for $56k, and I'm driving a $112k car for the same price as I was paying for my Lexus. No brainer, and I'm thrilled!
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#62
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2008 CL550, 2022 EQB300, 2022 EQS580
Cash-back rebates are one of the most effective ways to incentivize potential car buyers to make a purchase. Despite this, manufacturers are often reluctant to offer them, given that it is often perceived as an indication that a particular model is underperforming in terms of sales. The greater the rebate offered, the weaker the sales for a given model. As such, the decision to offer rebates is usually reserved for models that are experiencing slow sales.
In many cases, automakers use incentives as a means of driving sales for models that are underperforming. However, giving cash rebates can be viewed as a signal of a particular model's poor sales performance and can be damaging to a brand's reputation. To avoid this, some manufacturers choose to provide incentives through "hidden" channels, such as dealer incentives and low APR financing. Dealer incentives are essentially bonuses given to dealers for selling underperforming models and are preferred by many luxury car brands as an alternative to cash-back rebates.
That being said, it's for those very reasons that I was more attracted to getting an EQS. "Full price for this car? Not a chance. But do I enjoy it nonetheless? Absolutely. It's the difference between choking on a $112k price tag but drooling over a steal at $77k. Smart shopping, if you ask me!" At first, I was put off by the looks, and then when I saw the pricing, I knew that there would be challenges moving these models at some point, not to mention the fact that as an EV, which tends to be a second car in many households, buyers are less likely as a whole to clamor for the jelly bean at close to full price. Especially when there are significantly more attractive EVs at this price point that have much more curb appeal. That being said, the jelly bean has grown on me, and the opportunity to attain one at a cost that would cause your jaw to drop is the only reason I even considered this car. So far, I really like it, and the looks are growing on me. Most of us would jump at the opportunity to take one home, and I did just that, but only because I snagged a deal that was similar to what I was paying for my 22 Lexus ES 350 Ultra luxury, a car that MSRP's for $56k, and I'm driving a $112k car for the same price as I was paying for my Lexus. No brainer, and I'm thrilled!
In many cases, automakers use incentives as a means of driving sales for models that are underperforming. However, giving cash rebates can be viewed as a signal of a particular model's poor sales performance and can be damaging to a brand's reputation. To avoid this, some manufacturers choose to provide incentives through "hidden" channels, such as dealer incentives and low APR financing. Dealer incentives are essentially bonuses given to dealers for selling underperforming models and are preferred by many luxury car brands as an alternative to cash-back rebates.
That being said, it's for those very reasons that I was more attracted to getting an EQS. "Full price for this car? Not a chance. But do I enjoy it nonetheless? Absolutely. It's the difference between choking on a $112k price tag but drooling over a steal at $77k. Smart shopping, if you ask me!" At first, I was put off by the looks, and then when I saw the pricing, I knew that there would be challenges moving these models at some point, not to mention the fact that as an EV, which tends to be a second car in many households, buyers are less likely as a whole to clamor for the jelly bean at close to full price. Especially when there are significantly more attractive EVs at this price point that have much more curb appeal. That being said, the jelly bean has grown on me, and the opportunity to attain one at a cost that would cause your jaw to drop is the only reason I even considered this car. So far, I really like it, and the looks are growing on me. Most of us would jump at the opportunity to take one home, and I did just that, but only because I snagged a deal that was similar to what I was paying for my 22 Lexus ES 350 Ultra luxury, a car that MSRP's for $56k, and I'm driving a $112k car for the same price as I was paying for my Lexus. No brainer, and I'm thrilled!
Last edited by nath_h; 10-23-2023 at 07:24 AM.
#63
Member
I just read an article about this yesterday. Apparently MB made a lot of EQS cars, and didn't make a lot of EV's on their lower tier like the EQB. Most of the rich enthusiastic early adopter folks have already bought their new EV (ie all of us here), and the market is slowly turning toward more widespread adoption of EV's. Interest rates and a slowing economy are not doing any favors for people outside of the richest 1% buying cars. And, apparently MB is offering very little lease support on the EQS, still. I found the original lot label in my car asking $165,000--a $20,000 'market adjustment'...what a scam. I was recently shopping for another car (ended up buying an EBQ) but was very surprised how many dealers are still wanting market adjustments, supported by the usual lies about how whatever car is in hot demand. As for jelly beans and people not liking the shape, to each his/her own. The car is a spaceship, and I feel lucky to have it.
#65
Junior Member
Great cars. Horrible assets. These are computers on wheels, and technology is evolving quickly. Whatever you think is great about them now is going to be very basic in a year. Lease them, enjoy them, and get a newer, better one after your lease ends. Rinse and repeat.
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perlfather (10-22-2023)
#66
He hit the nail on the head. Electric cars are like all other tech products i.e. T.V's. It is the only sector where there is constant deflation. The technology changes at a stark pace and as economies of scale increase prices decrease. Remember the first plasma flat screens were $15,000 15 years ago, now the same size flat screen is $300. ICE cars have already plateaued economies of scale because the infrastructure has been in place since the model T and relatively speaking there has been very little change in the technology of ICE vehicles (again relatively speaking). If flat screen TV's never improved as they still do, then their prices would stabilize.
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AppleFan1 (10-22-2023)
#67
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He hit the nail on the head. Electric cars are like all other tech products i.e. T.V's. It is the only sector where there is constant deflation. The technology changes at a stark pace and as economies of scale increase prices decrease. Remember the first plasma flat screens were $15,000 15 years ago, now the same size flat screen is $300. ICE cars have already plateaued economies of scale because the infrastructure has been in place since the model T and relatively speaking there has been very little change in the technology of ICE vehicles (again relatively speaking). If flat screen TV's never improved as they still do, then their prices would stabilize.
Last edited by nath_h; 10-24-2023 at 06:25 AM.
#68
MBWorld Fanatic!
My problem is I still have to want the car I choose, a great deal is great, but looking back on my car in the parking lot and saying “man that is so cheap” doesn’t do it for me.
#69
Don't Buy New
I recently bought a 2022 EQS 580 with 3,400 miles CPO, for $89,500. The original MSRP was $137,000. There are plenty of used ones for sale with low miles. I used Cargurs.com and negotiated. It is a buyers market. The prices are dropping every week.
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#70
Member
I leased a new one for great price so when my lease is done
1. I return it and leave it
2. I can deal with MB to lower the initial buyout (they often do... they don't want to send it to auction and if they agree I can buy it out for cheap.
#71
Good job! If I were to buy one I'd done the same EQS450 with 8k miles for high 60K to low 70k range.
I leased a new one for great price so when my lease is done
1. I return it and leave it
2. I can deal with MB to lower the initial buyout (they often do... they don't want to send it to auction and if they agree I can buy it out for cheap.
I leased a new one for great price so when my lease is done
1. I return it and leave it
2. I can deal with MB to lower the initial buyout (they often do... they don't want to send it to auction and if they agree I can buy it out for cheap.
#72
Super Member
Good job! If I were to buy one I'd done the same EQS450 with 8k miles for high 60K to low 70k range.
I leased a new one for great price so when my lease is done
1. I return it and leave it
2. I can deal with MB to lower the initial buyout (they often do... they don't want to send it to auction and if they agree I can buy it out for cheap.
I leased a new one for great price so when my lease is done
1. I return it and leave it
2. I can deal with MB to lower the initial buyout (they often do... they don't want to send it to auction and if they agree I can buy it out for cheap.
#73
Member
#74
Member