EQS EQS (V297) sedan

Why prices are dropping for EV’s.

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Old 03-16-2023, 08:14 PM
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Originally Posted by HDB14
I also reside in Las Vegas and just struck a frankly insane lease deal with a California dealership. DM me if interested. You will pay 2x as much with Fletcher Jones. I might even go for a second one.
I’m interested in learning about your deal but your settings indicate you’ve chosen not to receive DM’s…
Old 03-16-2023, 09:48 PM
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Maybe he just doesn't have enough posts yet for his account to be opened to receive DMs.
Old 03-16-2023, 09:57 PM
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Originally Posted by Mort
Maybe he just doesn't have enough posts yet for his account to be opened to receive DMs.
yes, I guess that’s the case. I just joined.
Old 03-17-2023, 07:04 AM
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Originally Posted by HDB14
I also reside in Las Vegas and just struck a frankly insane lease deal with a California dealership. DM me if interested. You will pay 2x as much with Fletcher Jones. I might even go for a second one.
Was it Sacramento MB? I was really pleased with my deal...worth to it ship it to the midwest, as price more than made up for the transport cost. Plus, apparently CA caps the scam doc fees at $85. I've seen dealers now charging a % of the deal cost for a document fee--like it is harder to enter data in a computer if you have to hit an extra digit.
Old 03-17-2023, 12:31 PM
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Originally Posted by HDB14
I also reside in Las Vegas and just struck a frankly insane lease deal with a California dealership. DM me if interested. You will pay 2x as much with Fletcher Jones. I might even go for a second one.
Sacremento's website shows 7500 lease incentive, 2500 incentive bonus and 10000 dealer incentive on any EQS.
Old 03-17-2023, 02:09 PM
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Well that's down to the $20k off I expected. But with the economic outlook now, it should be 20% off purchase price, not lease to get that loophole $7500 off.
Old 03-18-2023, 04:30 PM
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Well I just had a disappointing negotiation at a DFW Mercedes dealer. I was trying to trade my 2022 EQS 450+ with a window sticker of $120,000 at delivery in March of 2022. Thankfully it is on a two year lease because I was skeptical about the EQS maintaining value. I was trading for a SL55 and when the sales manager offered $66,000 for the trade, I was flabbergasted at the 55% drop in 1 year. This is not for a dog car, obsidian black with a grey interior and 7500 miles with no damage history. He stated the auction prices on the EQS cratered badly just recently. Needless to say I left without the SL55. So I will stay with the EQS until March of next year and let MBFS take the hit when I return the car from lease.
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Old 03-18-2023, 05:14 PM
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Originally Posted by wings1969
Well I just had a disappointing negotiation at a DFW Mercedes dealer. I was trying to trade my 2022 EQS 450+ with a window sticker of $120,000 at delivery in March of 2022. Thankfully it is on a two year lease because I was skeptical about the EQS maintaining value. I was trading for a SL55 and when the sales manager offered $66,000 for the trade, I was flabbergasted at the 55% drop in 1 year. This is not for a dog car, obsidian black with a grey interior and 7500 miles with no damage history. He stated the auction prices on the EQS cratered badly just recently. Needless to say I left without the SL55. So I will stay with the EQS until March of next year and let MBFS take the hit when I return the car from lease.
Thank you for sharing this. Wise move on the leasing. What is the residual value at the end of the lease?
Old 03-18-2023, 09:44 PM
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Originally Posted by nath_h
I've wondered for several years now how my neighbors do it...big houses, multiple kids, private school, country club, and 2 new SUV's. And, they are young. It never would have occurred to me to buy such an expensive lifestyle when I was 35. They all must be running close to the edge, if mommy and daddy are not subsidizing their lifestyle.
I think you will be amazed how people can make money at younger ages these days. There are more entrepreneurship opportunities and more rewards for entrepreneurs than ever.

My 2 year old son goes to a private school, and all the parents are young and comfortably affluent. I don’t get the impression they are spending beyond their means. Some are two income professionals who are doctors. Others are entrepreneurs. And of course a few are from generational wealth. We have some nice cars in the garage Mercedes EQS580, Mercedes GLE450 and the Corvette. But we aren’t running anywhere near the edge. I would say the house with the cars is a small fraction of our net worth. I spend in a way that my wife won’t have to worry if something happens to me. I just happened to have a solid income at a young age, and I am very very good at investing. Early investor in Amazon, Apple, Tesla, Facebook, Google, Nvidia, Shopify. Lots of stocks where I have 1000X returns. I spot amazing companies early and jump on them. I also have access to some PE funds which offer investments average people don’t get to see.
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Old 03-19-2023, 04:03 PM
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Originally Posted by stealth.pilot
I think you will be amazed how people can make money at younger ages these days. There are more entrepreneurship opportunities and more rewards for entrepreneurs than ever.

My 2 year old son goes to a private school, and all the parents are young and comfortably affluent. I don’t get the impression they are spending beyond their means. Some are two income professionals who are doctors. Others are entrepreneurs. And of course a few are from generational wealth. We have some nice cars in the garage Mercedes EQS580, Mercedes GLE450 and the Corvette. But we aren’t running anywhere near the edge. I would say the house with the cars is a small fraction of our net worth. I spend in a way that my wife won’t have to worry if something happens to me. I just happened to have a solid income at a young age, and I am very very good at investing. Early investor in Amazon, Apple, Tesla, Facebook, Google, Nvidia, Shopify. Lots of stocks where I have 1000X returns. I spot amazing companies early and jump on them. I also have access to some PE funds which offer investments average people don’t get to see.
I’m also an early investor in Apple (as you may surmise by my name on the forum), NVDA, and AVGO (Broadcom). Apple has paid for all 3 of the Mercedes vehicles I’ve owned. It has been an incredible investment for me.
Old 03-20-2023, 07:46 AM
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Originally Posted by AppleFan1
I’m also an early investor in Apple (as you may surmise by my name on the forum), NVDA, and AVGO (Broadcom). Apple has paid for all 3 of the Mercedes vehicles I’ve owned. It has been an incredible investment for me.
Yah, fair points by you both. I had a couple hundred shares of Apple in 1997, and sold at a 20% profit and thought I was a genius. That still hurts.
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Old 03-20-2023, 01:13 PM
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Originally Posted by nath_h
Yah, fair points by you both. I had a couple hundred shares of Apple in 1997, and sold at a 20% profit and thought I was a genius. That still hurts.
Don't feel too bad. You didn't know you were going to get to ride the wave of artificially suppressed interest rates like the other investing "genius's"

Last edited by MBNUT1; 03-20-2023 at 01:19 PM.
Old 03-21-2023, 10:52 PM
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Out of Spec Dave (Kyle's dad) just bought a Lucid Grand Touring with 900 miles for $105K
Old 03-22-2023, 04:55 AM
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Originally Posted by MBNUT1
Out of Spec Dave (Kyle's dad) just bought a Lucid Grand Touring with 900 miles for $105K
What would be interesting to know is why it was being sold by the previous owner, after only 900 miles! Perhaps it was a dealer demo??
Old 03-22-2023, 11:54 AM
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Originally Posted by ScottC2
What would be interesting to know is why it was being sold by the previous owner, after only 900 miles! Perhaps it was a dealer demo??
That or maybe regret not getting a certain option?
Old 03-22-2023, 12:17 PM
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I’ ve been on the Lucid Owners Forum for two years. Go there and it will become obvious why so many low mileage Lucids are up for sale…..
Old 03-22-2023, 12:37 PM
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Originally Posted by Utopia Texas
I’ ve been on the Lucid Owners Forum for two years. Go there and it will become obvious why so many low mileage Lucids are up for sale…..
Will need to check it out thanks but in case there are too many can you link one of the most popular ones for us to read?
Old 03-22-2023, 12:51 PM
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Air conditioning not keeping up in Summer, trim coming off doors, uneven gaps at doors and trunks, service team will not return my calls, car bricked on the freeway, once I made a deposit have not heard from my sales rep in three months, no Apple Car Play, screens go black consistently, front seats squeak, does not get the advertised mileage, brand new tires with sidewall bulge’s …..
Old 03-22-2023, 12:54 PM
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Originally Posted by Utopia Texas
Air conditioning not keeping up in Summer, trim coming off doors, uneven gaps at doors and trunks, service team will not return my calls, car bricked on the freeway, once I made a deposit have not heard from my sales rep in three months, no Apple Car Play, screens go black consistently, front seats squeak, does not get the advertised mileage, brand new tires with sidewall bulge’s …..
I see thanks for the summary so basically what Tesla is dealing with, the panel gaps is hard to perfect especially if you have no prior experience in building vehicles, it probably took MB and other automakers many decades to get that right and even then there are still hit or miss moments for well established brands like MB, like when the EQS first rolled off the assembly line.
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Old 03-22-2023, 01:44 PM
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I don’t expect a $135,000 dollar car to have uneven panel gaps. My 580 SUV has a build number below 1,000 and is perfect….

Last edited by Utopia Texas; 03-22-2023 at 01:46 PM.
Old 03-22-2023, 03:18 PM
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Originally Posted by ScottC2
What would be interesting to know is why it was being sold by the previous owner, after only 900 miles! Perhaps it was a dealer demo??
No it was not a dealer demo. The original owner was a Tesla guy and didn't think the Lucid software was up to snuff. It apparently did have a lot of service work done while in the shop. He replaced it with a Plaid.


Last edited by MBNUT1; 03-22-2023 at 03:23 PM.
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Old 03-22-2023, 06:21 PM
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Originally Posted by Utopia Texas
I don’t expect a $135,000 dollar car to have uneven panel gaps. My 580 SUV has a build number below 1,000 and is perfect….
There were definitely people complaining about the panel gaps on the EQS during the initial batch run. Glad you don't have that issue with your SUV but as far as I recalled, the SUV never had panel gap issues to begin with, only was for the sedan, it was MB's first fully electric vehicle after all on a fully electric platform.
Old 03-22-2023, 06:57 PM
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The problem with the Lucid body panels being out of line is that the factory was sending out the cars expecting the service centers to straighten them out. Some small service centers were backed up with 35-40 brand new cars to be worked on and a huge log jam resulted. Local friend went down to the service center here in Houston just to visit his brand new Lucid Grand Touring that eventually took right at a month to fix. Can you imagine a MB factory sending unfinished cars to their dealerships expecting them to do the final work? 🤨
Old 03-22-2023, 10:29 PM
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Originally Posted by Utopia Texas
The problem with the Lucid body panels being out of line is that the factory was sending out the cars expecting the service centers to straighten them out. Some small service centers were backed up with 35-40 brand new cars to be worked on and a huge log jam resulted. Local friend went down to the service center here in Houston just to visit his brand new Lucid Grand Touring that eventually took right at a month to fix. Can you imagine a MB factory sending unfinished cars to their dealerships expecting them to do the final work? 🤨
Wait so if I understood this correctly, Lucid turned service centres into hybrids so basically service centres and VPCs?
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Old 03-22-2023, 11:41 PM
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Originally Posted by Utopia Texas
Air conditioning not keeping up in Summer, trim coming off doors, uneven gaps at doors and trunks, service team will not return my calls, car bricked on the freeway, once I made a deposit have not heard from my sales rep in three months, no Apple Car Play, screens go black consistently, front seats squeak, does not get the advertised mileage, brand new tires with sidewall bulge’s …..
Oh wow! You got stuck with a lemon. Mercedes should definitely replace it.


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