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.

 

depends on dealer inventory

 

In all honesty I would purchase a CPO vehicle with low miles as that seems to be the sweet spot in terms of bang for your buck.

 

Of course!

 

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.

 

It seems to me the later the build the fewer the gremlins. I want to buy a EQS but I am waiting for them to work out the kinks.

 

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.

 

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.

 

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

 

It used to be a year.

 

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.

 

Thanks for that. My EQE order is expected end of April so the timing is great. Has anyone had dealers grumble about applying it?

 

I did not know about the latest rebate program or when the EQS SUV was added to the list of available vehicles when I took delivery at the end of October. However, based upon the times I took advantage of the MBCA discount in the past, the only pushback I think you may encounter would happen if you are trying to apply more than one discount. I recall the sales associate telling me he could only enter one type of rebate discount on the order.

 

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.

 

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

 

The general manager at my dealer told me that the price is not dropping much at all. However, Mercedes is giving incentives whatever that means exactly.
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.

 

Incentives means the prices are dropping...GM at your dealer is FOS.

 

Oh, man. Here we go again! Don't feed the troll.

 

I didn't start this thread and I'm not trolling, I legitimately think that's the reason why. To what do you attribute the considerable drop in value compared to other competitors?

 

Perhaps you are FOS. You have been slamming the EQS since it was revealed.

 

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?

 

If you like the EQS580 I would keep it at this point for insurance. Anything can happen within the next 1-2 years. I remember the Colonial Pipeline fiasco when was living in Watkinsville. I even got blasted when I said the EQS and EQS SUV was overpriced last year on this forum. Good thing you didn't purchase that pretty AMG EQS580 that was on the Duluth showroom floor.

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.

 

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.

 

Yah, it will definitely trade lower in the coming years...just the way of the S class, 7 Series, etc. These are just monsters to repair post warranty, and people know it. But, what an amazing car. I really like my Jaguar I Pace, but it suddenly feels like such a simpleton in comparison. I bought an 11 year warranty, and will drive it many years so really don't care about the swan diving price. If your time frame is like 3 years though...big trouble ahead. What happened with your F Type? Those are beautiful cars, and I envy a neighbor who has one.

 

The EQS tech, build quality, and refinements are top notch. In my opinion, it’s the appearance of the car. The exterior design is not appealing to many.