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But how much lower could it possibly go? I just looked and CarMax is selling used 2022 Model Ys for that much. I gotta believe a Mercedes is more desirable than that. In a year when the 2025s with NACS connectors are hitting the street you'll probably still be able to get that much.
What fool would pay $49k for a used Model Y when you can get a new one from $35k? The Performance model goes for $45k, provided one can pocket the $7500 tax incentive...
2023 EQE 500 SUV electric and 2024 Jaguar F-PACE SVR 5.0L
Originally Posted by Wolfman
What fool would pay $49k for a used Model Y when you can get a new one from $35k? The Performance model goes for $45k, provided one can pocket the $7500 tax incentive...
That's a very good question and one you should ask CarMax. But even on Tesla's own site you can see used ones selling for about the same as new ones so it's clearly not an error.
I really wish I had bought a Model X instead of my EQE 500 SUV. Oh well, live and learn..
2022 Taycan GTS, 2023 EQS580 SUV, 2023 EQS580 sedan
I just dont understand some of the comments. if you can spend 40k to buy a used S-class, why not just buy a 30k brand new civic. tech vs no tech. do you just set on the car and use those tech? ice car has tech too, it pretty much can do all the EV can do. ACC, AP, FSD, if mfg really want to do it.
what is the propose of a car? it is from point A to B. that's all. more tech for what?
EQ doesn't sell well one of the point is "not looking good".
people buying a MB or any brand has different reason vs buying a Tesla / Toyota / Honda / BMW / other brands.
what is the propose of a car? it is from point A to B. that's all. more tech for what?
EQ doesn't sell well one of the point is "not looking good".
If you are buying a car to get you A to B, sure it doesn't make any sense to buy a Mercedes, BMW, Audi (luxury brands in US) or any other expensive car. They never make financial or practical sense. But I didn't buy my Audi or Mercedes to get from A to B, I got it because I wanted it to be fun to go from A to B, feel like driving a spaceship and I had the financial means to do so. Some people go to concerts, spend thousands on it and I choose to spend it on cars. It is just a hobby.
I just dont understand some of the comments. if you can spend 40k to buy a used S-class, why not just buy a 30k brand new civic. tech vs no tech. do you just set on the car and use those tech? ice car has tech too, it pretty much can do all the EV can do. ACC, AP, FSD, if mfg really want to do it.
what is the propose of a car? it is from point A to B. that's all. more tech for what?
EQ doesn't sell well one of the point is "not looking good".
people buying a MB or any brand has different reason vs buying a Tesla / Toyota / Honda / BMW / other brands.
I have read this post several times and for the life of me I can't understand what it is you are trying to say...
That's a very good question and one you should ask CarMax. But even on Tesla's own site you can see used ones selling for about the same as new ones so it's clearly not an error.
I really wish I had bought a Model X instead of my EQE 500 SUV. Oh well, live and learn..
I have to say that while I do regret my EQS580 purchase because of the depreciation, my disappointment is tempered by my immense enjoyment of the actual car. It is an absolutely outstanding vehicle and the best sedan on the road today. Every time I drive it I feel like I am driving a masterpiece. I never had that sensation when I owned a Tesla.
Also it’s not just me. Yesterday we went to the Atlanta Botanical garden and on my way in and out I was stopped by 3 different people complementing the car!
My manager has 2 7 series and both are lease return buys. He is spending a lot of money and time to maintain them... I think that is the reason...
That’s the thing though. The EQS is going to have much lower maintenance costs than the S580. It’s a much simpler car. No engine, and it barely uses its brakes.
That’s the thing though. The EQS is going to have much lower maintenance costs than the S580. It’s a much simpler car. No engine, and it barely uses its brakes.
I'm hoping you are right about the lower maintenance cost. There are still other components that both cars share such as suspension, struts, electronic components, AC. Despite the huge depreciation, which is nothing new to these types of cars, do you think it is worth it to get an good extended warranty?
I'm hoping you are right about the lower maintenance cost. There are still other components that both cars share such as suspension, struts, electronic components, AC. Despite the huge depreciation, which is nothing new to these types of cars, do you think it is worth it to get an good extended warranty?
I am a big believer in extended warranties on high end German cars, if you plan to keep it out of warranty. Car part prices have gotten so crazy expensive that you could easily pay for your extended warranty in one post warranty visit to the dealer--let alone collectively six years post warranty. And part prices will not be getting cheaper. By getting a warranty, you have stopped part cost inflation for the duration of you owning the car, and have (almost) no worries in terms of it breaking. As your SA to tell you a few stories about out of warranty repairs costing $10,000, $15,000, or even $20,00000--he/she will have many.
I just dont understand some of the comments. if you can spend 40k to buy a used S-class, why not just buy a 30k brand new civic. tech vs no tech. do you just set on the car and use those tech? ice car has tech too, it pretty much can do all the EV can do. ACC, AP, FSD, if mfg really want to do it.
what is the propose of a car? it is from point A to B. that's all. more tech for what?
EQ doesn't sell well one of the point is "not looking good".
people buying a MB or any brand has different reason vs buying a Tesla / Toyota / Honda / BMW / other brands.
You ask questions I sometimes ask myself...why am I doing this? Especially with my chronically broken old Mercedes. My life would be way easier (and cheaper) if I bought a two year old Lexus--I wouldn't even need to know where the dealership was located, and would lose almost no money. However, as others said, this is not necessarily about making the most economic sense--it is about owning something thrilling to drive that we get to experience on a daily basis, that includes a level of comfort and sensory enjoyment that one just does not get in a Lexus, let alone a 2020 Jeep Wrangler or something. Life is short, and none of us are guaranteed the gift of time. So, I drive things that enhance my life on a daily basis. My old MB is more of a hobby, that is sometimes exasperating but it is something I (usually) enjoy learning about and working on. The reductive argument that driving an EQS is not worth it compared to driving a Civic could be made about virtually anything--why do we (probably all of us) live in big houses when we could live in a small apartment or mobile home? Why go out to a fancy dinner when you pass Wendy's on the way? Ultimately, it is choices that bring us pleasure.
...Life is short, and none of us are guaranteed the gift of time....
This is the reason, at my age, that I did not wait for solid state batteries before getting a MB EV. While I lament the high first year depreciation of my EQS SUV, as a practical matter it's more of a problem for my heirs than it is for me.
2023 EQE 500 SUV electric and 2024 Jaguar F-PACE SVR 5.0L
The ONLY reason I can think of to buy a new anything is to NOT have problems the first year of ownership. NOT having problems is worth the depreciation. If MB wants me to beta test and troubleshoot their new EVs then they have to pay me. That's how that works.
I'm still seriously considering just calling Carvana and letting them take my troubles away. My foot has gotten used to my new 2024 Jaguar F-Pace SVR now and I think I could probably daily it until the 2025 model EVs with Tesla connectors come out.
2022 Taycan GTS, 2023 EQS580 SUV, 2023 EQS580 sedan
that is exactly what I want to point out. many comments are so focus on how much money they lost over time, how much tech they miss, but forget our EQS brings us fun, comfort.
Originally Posted by nath_h
You ask questions I sometimes ask myself...why am I doing this? Especially with my chronically broken old Mercedes. My life would be way easier (and cheaper) if I bought a two year old Lexus--I wouldn't even need to know where the dealership was located, and would lose almost no money. However, as others said, this is not necessarily about making the most economic sense--it is about owning something thrilling to drive that we get to experience on a daily basis, that includes a level of comfort and sensory enjoyment that one just does not get in a Lexus, let alone a 2020 Jeep Wrangler or something. Life is short, and none of us are guaranteed the gift of time. So, I drive things that enhance my life on a daily basis. My old MB is more of a hobby, that is sometimes exasperating but it is something I (usually) enjoy learning about and working on. The reductive argument that driving an EQS is not worth it compared to driving a Civic could be made about virtually anything--why do we (probably all of us) live in big houses when we could live in a small apartment or mobile home? Why go out to a fancy dinner when you pass Wendy's on the way? Ultimately, it is choices that bring us pleasure.
that is exactly what I want to point out. many comments are so focus on how much money they lost over time, how much tech they miss, but forget our EQS brings us fun, comfort.
This is definitely true, but one has to be smart about how they manage this cost too. This is why I have said I would only lease an EV, I wouldn't buy. Then you have a set cost, and at the end of the lease you give it back. No worries about resale.
I don't care how enjoyable a car might be, its just not worth $11,000 a month in depreciation, there is no way I can mentally rationalize that or justify that. Lease it, and you have a payment and thats it.
You can add this to the data point. Took delivery of my 2022 EQS AMG on September 7 2022. It was at the height of crazy car prices. Mine was the first AMG that came in. No discount obviously but I also paid no ADM. I paid MSRP at just over 155k plus tax and fees. In March of this year, I considered trading it in on a S class. (Love the car but I was a little disappointed since the interior is not as luxurious as a S class. It is suppose to be the equivalent of S in EV after all) I was offered 125k for trade( milage was right under 2k). I passed. On the last day of May, my 992 GTS which was on order since 2021 finally came in. Porsche offered me 108k on trade. They called my Mercedes dealer and got a 95k offer from them(3700 miles). Last week, I again , for a minute, considered trading it in again. My Mercedes dealer offered 85k and my Porsche dealer offered 80k. Milage was 5600. I think I will hold on to it for another 2 years or so and just enjoy it.
You can add this to the data point. Took delivery of my 2022 EQS AMG on September 7 2022. It was at the height of crazy car prices. Mine was the first AMG that came in. No discount obviously but I also paid no ADM. I paid MSRP at just over 155k plus tax and fees. In March of this year, I considered trading it in on a S class. (Love the car but I was a little disappointed since the interior is not as luxurious as a S class. It is suppose to be the equivalent of S in EV after all) I was offered 125k for trade( milage was right under 2k). I passed. On the last day of May, my 992 GTS which was on order since 2021 finally came in. Porsche offered me 108k on trade. They called my Mercedes dealer and got a 95k offer from them(3700 miles). Last week, I again , for a minute, considered trading it in again. My Mercedes dealer offered 85k and my Porsche dealer offered 80k. Milage was 5600. I think I will hold on to it for another 2 years or so and just enjoy it.
This is about the normal depreciation for cars of this type EV or ICE. ICE might be a little less, but not by much especially when you put on some miles.
2022 Taycan GTS, 2023 EQS580 SUV, 2023 EQS580 sedan
I totally agree about lease is better deal but I think part of your depreciation is incorrect. your $11,000 a month is only for 3-5 months. this depreciation applies to almost all the S-class, 7-series, A8, Bentley, Range Rover.
unless you do change your car every half year, no matter what type of car you buy/lease, there will be lots of depreciation.
Originally Posted by SW20S
This is definitely true, but one has to be smart about how they manage this cost too. This is why I have said I would only lease an EV, I wouldn't buy. Then you have a set cost, and at the end of the lease you give it back. No worries about resale.
I don't care how enjoyable a car might be, its just not worth $11,000 a month in depreciation, there is no way I can mentally rationalize that or justify that. Lease it, and you have a payment and thats it.
I totally agree about lease is better deal but I think part of your depreciation is incorrect. your $11,000 a month is only for 3-5 months. this depreciation applies to almost all the S-class, 7-series, A8, Bentley, Range Rover.
unless you do change your car every half year, no matter what type of car you buy/lease, there will be lots of depreciation.
My old 2008 MB CL is worth about 8 cents on the dollar for what it was new.
The ONLY reason I can think of to buy a new anything is to NOT have problems the first year of ownership. NOT having problems is worth the depreciation. If MB wants me to beta test and troubleshoot their new EVs then they have to pay me. That's how that works.
I'm still seriously considering just calling Carvana and letting them take my troubles away. My foot has gotten used to my new 2024 Jaguar F-Pace SVR now and I think I could probably daily it until the 2025 model EVs with Tesla connectors come out.
And it came with a spare tire too!
What happened to your EQ? I think we've gotten lucky w/ our EQ cars, as there have been no problems. I will say driving a first year Jaguar I Pace was like driving a test mule--not even a beta tester, as awesome as it was when working.
2023 EQE 500 SUV electric and 2024 Jaguar F-PACE SVR 5.0L
Originally Posted by nath_h
What happened to your EQ? I think we've gotten lucky w/ our EQ cars, as there have been no problems. I will say driving a first year Jaguar I Pace was like driving a test mule--not even a beta tester, as awesome as it was when working.
Yeah I wouldn't buy or recommend an I-Pace though they do have that lovely, timeless Jaguar style. I was just watching Rockford Files and his gold Firebird has that same timeless elegance that most cars these days seem to lack. The Cybertruck is going to look dated before it even hits the street, for example. And I'm pretty sure nobody will look back on their EQ days with nostalgia. But I still own mine, for the time being anyways. It's charging in the garage right now as a matter of fact... should be at 80% in another 30 minutes. I haven't used a public charger in 6 months. That seems to be the best way to own/use one of these.
I totally agree about lease is better deal but I think part of your depreciation is incorrect. your $11,000 a month is only for 3-5 months. this depreciation applies to almost all the S-class, 7-series, A8, Bentley, Range Rover.
unless you do change your car every half year, no matter what type of car you buy/lease, there will be lots of depreciation.
10-30-2023, 11:28 AM
