Concerned about recent value drop on the EQS
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Member
Joined: Aug 2016
Posts: 160
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From: NC
2019 S560
Concerned about recent value drop on the EQS
I went to the dealership to look at a new EQS and EQS SUV. Dealer wiling to do invoice minus the $2500 cash back on a buy. $7500 towards the lease. I went on Autotrader and other online car buying sites and noticed the 2022 used EQS’s are listed in the high 70’s, low 80’s. That’s a big depreciation. It has me re-thinking if I want to but a new or used.
Does anyone know if there are any other discounts that are available at the dealership? Any help appreciated.
Does anyone know if there are any other discounts that are available at the dealership? Any help appreciated.
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17 E43; 21 GLS580
I went to the dealership to look at a new EQS and EQS SUV. Dealer wiling to do invoice minus the $2500 cash back on a buy. $7500 towards the lease. I went on Autotrader and other online car buying sites and noticed the 2022 used EQS’s are listed in the high 70’s, low 80’s. That’s a big depreciation. It has me re-thinking if I want to but a new or used. Does anyone know if there are any other discounts that are available at the dealership? Any help appreciated.
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Joined: May 2007
Posts: 85
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From: Georgia
2022 EQS 450+ Pinnacle
I went to the dealership to look at a new EQS and EQS SUV. Dealer wiling to do invoice minus the $2500 cash back on a buy. $7500 towards the lease. I went on Autotrader and other online car buying sites and noticed the 2022 used EQS’s are listed in the high 70’s, low 80’s. That’s a big depreciation. It has me re-thinking if I want to but a new or used.
Does anyone know if there are any other discounts that are available at the dealership? Any help appreciated.
Does anyone know if there are any other discounts that are available at the dealership? Any help appreciated.
MBWorld Fanatic!
Joined: Oct 2021
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From: Iowa
2008 CL550, 2022 EQB 300, 2023 EQS 450 4Matic
They are all going to drop like a rock for the first several years. I just bought mine (CPO, 1200 miles) for $30,000 less than MSRP. High end MB are not the car to buy if you are concerned about losing money--100% we will all lose a ton of money, but we get to drive a really cool car.
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From: Cincinnati
2010 E350 4Matic
Yes. If you look at the lowest priced EQS's on Autotrader they are buy-backs. This is not to say that significant depreciation hasn't been observed on non-buy-back cars.
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MBWorld Fanatic!
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From: Maryland
2024 S580
This was always going to be the reality with this car, they will have terrible resale. One off model, test bed, next generation will be an EV S Class, nobody will want one of these in a few years. An EQS is a lease only IMO.
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2025 E53 Hybrid
https://mbca.org/mbusa-incentives
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From: Cincinnati
2010 E350 4Matic
There is a $3500 MBCA rewards program discount available on the EQS SUV. You have to be an MBCA member for at least 30 days to qualify.
https://mbca.org/mbusa-incentives
https://mbca.org/mbusa-incentives
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Joined: Feb 2014
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From: Jupiter, Florida
2020 A220 2023 E450 Cabriolet
MBCA changed the program completely. It now depends upon the car and you only have to be a member for 30 days. And even if the car is not on the list, there may well be an incentive anyway. At least that is how it worked for ours.
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From: Atlanta
2022 Mercedes EQS 580
I'll chime in here. I find the drop in resale on the EQS seriously disconcerting.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
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Joined: Jun 2015
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From: Maryland
2024 S580
Honestly? I think its because they aren't very good looking universally, they don't cast a wide enough net of appeal. I also think that Mercedes made a mistake of saying that there won't be second generation EQ models
MBWorld Fanatic!
Joined: Feb 2014
Posts: 1,938
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From: Iowa
2025 EQS580
I'll chime in here. I find the drop in resale on the EQS seriously disconcerting.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
I have a three year (took possession early May, 2022) one payment lease so I’m not really concerned. Unlike you, I very much doubt I will ever leave Mercedes.
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MBWorld Fanatic!
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Posts: 8,968
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From: Maryland
2024 S580
MBWorld Fanatic!
Joined: Jun 2015
Posts: 8,968
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From: Maryland
2024 S580
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?
Super Member
Joined: Mar 2022
Posts: 583
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From: South by Southwest
2021 AMG E63s Wagon
I'll chime in here. I find the drop in resale on the EQS seriously disconcerting.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
I'm keeping what I have and won't make any moves until Son graduates 2026, now from GT since he got a 3.8 gpa last semester at KSU.
Good Luck with your decision.
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Joined: Oct 2002
Posts: 4,969
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From: Cincinnati
2010 E350 4Matic
Just saw an listing for a $110K MSRP EQS450+ with 15k miles for $71K (65%). Clean carfax ie no buyback. It is very tempting but I don't like catching falling knives.
As far as Taycans go it is a real supply (or lack there of) and demand thing. Also the real world range is notably better than the EPA numbers.
As far as Taycans go it is a real supply (or lack there of) and demand thing. Also the real world range is notably better than the EPA numbers.
MBWorld Fanatic!
Joined: Oct 2021
Posts: 1,184
Likes: 636
From: Iowa
2008 CL550, 2022 EQB 300, 2023 EQS 450 4Matic
I'll chime in here. I find the drop in resale on the EQS seriously disconcerting.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
What's particularly shocking about it is the fact that it is by far the best EV on the market. It's not range compromised like the Audi/Porsche models, it's not cheap and crappy like the Teslas, it's better looking than the BMW IX, and the tech and luxury features are totally unparalleled.
And yet if you look at resale values:
EQS580 - 1 year old - 67% of MSRP
Audi Etron - 1 year old - 85% MSRP (despite crappy range and being a somewhat outdated product at this point)
Audi Etron GT - 1 year old - 88% of MSRP (tiny back seats, poor range)
BMW iX - 1 year old - 86% of MSRP
BMW i4 M50i - 1 year old - 100% of MSRP
Porsche Taycan - 1 year old - 100% MSRP
Tesla Model S - 1 year old - 92% of MSRP
My car has a list price of $145k. I'm tempted to sell it for $100k, because I'm concerned it will soon be trading in the 80s, then 60s.
If anyone has any thoughts on why the value is in free fall please share. Quite frankly at this point even though I love the cars Mercedes-EQ is putting out, I don't think I will buy a Mercedes ever again. It reminds me of the time I bought the Jaguar F-Type.
