EQS EQS (V297) sedan

EQS tops the "wrong” sort of list

Thread Tools
 
Search this Thread
 
Rate Thread
 
Old Apr 2, 2024 | 04:53 PM
  #1  
syswei's Avatar
Thread Starter
MBWorld Fanatic!
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Dec 2007
Posts: 2,755
Likes: 797
From: FL & CT
2015 S550 Palladium/Deep Sea Blue, 2016 Tesla Model S 70D, 2015 Volvo XC70
EQS tops the "wrong” sort of list



Source article
Reply
Old Apr 2, 2024 | 06:45 PM
  #2  
holeydonut's Avatar
Junior Member
Liked
 
Joined: Nov 2023
Posts: 43
Likes: 19
EQS
These articles should subtract the $7,500 EV incentive from the original sales price. Automakers basically took $7,500 extra pricing the moment they knew the taxpayers would reimburse for the difference.

Everyone getting an EQS in 2022, 2023, 2024 should have been leasing it to capture the $7,500 from the government as a incentive pass-through on the lease. The EV lease-loophole was written vaguely on purpose to allow BEVs from the German, Japanese, Korean, and Chinese nameplates to still benefit from the US Taxpayer money.

Every used EQS is already priced downward assuming whoever first used the EQS benefitted from $7,500 taxpayer money.

By adjusting the sales price to wipe out this $7,500, it'll reduce the perceived depreciation. It may still put the EQS atop the list, but it won't look so stark.
Reply
Old Apr 2, 2024 | 07:00 PM
  #3  
GreasedFolgore's Avatar
MBWorld Fanatic!
Liked
Loved
Community Favorite
 
Joined: Apr 2023
Posts: 1,568
Likes: 590
From: Occupied Palestine
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
At 136K must be a 580 but the F-Pace is 80K which would be a mid-tier model not an SVR. So I'm not sure their data is really any good. Looks more like click bait for a car selling website to me: https://www.iseecars.com/cars-to-buy-used-study
Reply
Old Apr 2, 2024 | 07:37 PM
  #4  
hlothery's Avatar
Super Member
Veteran: Army
Liked
Loved
Community Favorite
 
Joined: Jan 2022
Posts: 981
Likes: 555
Buying a cutting edge luxury vehicle and expecting some kind of investment windfall generally is lunacy. The depreciation of the EQS is, perhaps, more than we initially expected. However, my 2 year old EQS has been a fantastic vehicle....luxurious, quiet, fast, efficient, and evokes serenity while driven. I've never bought a car as an investment (because those cars are REALLY expensive to begin with!). I absolutely love my EQS, and I am so happy I bought it. If this is not your view, I respect that, but I do not understand why you just do not move on......get a Hundai or Kia, and be happy. Maybe you'll get some kind of perceived return on your money.....although I doubt it. You'll, at least, loose less. But loose you will, unless you have the wherewithall to invest in some high end and rare motor vehicle. That is where you make money on an automobile. Otherwise, invest wisely in something more tangible, and enjoy your toys! YMMV.

Last edited by hlothery; Apr 2, 2024 at 07:40 PM.
Reply
Old Apr 2, 2024 | 08:05 PM
  #5  
GreasedFolgore's Avatar
MBWorld Fanatic!
Liked
Loved
Community Favorite
 
Joined: Apr 2023
Posts: 1,568
Likes: 590
From: Occupied Palestine
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
Oh for sure between my Mercedes and Jaguar I've depreciated the equivalent of a brand new Tesla Model Y. It's just not only don't they differentiate between a 450+ and 580 they also frequently list pinnacle trim vehicles as base models. Anyways, my only point here is when the data going in is garbage you really should expect the data coming out to be garbage too (GIGO)
Reply
Old Apr 3, 2024 | 12:04 AM
  #6  
MB37's Avatar
Super Member
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Apr 2011
Posts: 678
Likes: 258
23' EQS AMG
Luxury car, from a historical perspective, loss half of their MSRP listed price after the 2 year mark. So, for a $150K EQS to be $75K at the second year mark is nothing new unless you were born yesterday, which in most cases, especially coming out of the previous couple years of car appreciations, is new and shocking to you amateurs and youngsters.

Luxury cars are a rich person's toy. They/we buy/lease to enjoy it and then we/they move on to the next thing. Investment and luxury cars don't go in the same sentence unless they signify as antonyms. For some of us in between (not super rich but not poor either where we like to stretch our $100K, lease or buy used, and you can enjoy like the rich folks do. I love my AMG EQS because of it's electric propulsion couple with MB styling and features.
Reply
Old Apr 3, 2024 | 10:51 PM
  #7  
stealth.pilot's Avatar
MBWorld Fanatic!
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
Seems right to me. BTW I think the Fisker Ocean will soon top this list.
Reply
Old Apr 5, 2024 | 09:49 PM
  #8  
MBNUT1's Avatar
MBWorld Fanatic!
20 Year Member
Liked
Loved
Community Favorite
 
Joined: Oct 2002
Posts: 4,969
Likes: 1,339
From: Cincinnati
2010 E350 4Matic
Originally Posted by stealth.pilot
Seems right to me. BTW I think the Fisker Ocean will soon top this list.
Yeah if you extrapolated it's current depreciation rate it would be like 200% / year. You would end up having to pay people to take it off of your hands.
Reply
MB World Stories

The Best of Mercedes & AMG

story-0

Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren

 Verdad Gallardo
story-1

8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine

 Verdad Gallardo
story-2

Flawlessly Restored Mercedes 190E Evo II Heads to Auction

 Verdad Gallardo
story-3

Electric Mercedes C-Class Unveiled: 11 Things You Need to Know

 Verdad Gallardo
story-4

Mercedes EQS Gets A Major Update: Everything You Need to Know

 Verdad Gallardo
story-5

5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve

 Verdad Gallardo
story-6

Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping

 Verdad Gallardo
story-7

10 Most Reliable Mercedes-Benz Models You Can Buy Used

 Verdad Gallardo
story-8

Mercedes Teases Updated EQS With Steer-By-Wire and a Yoke

 Verdad Gallardo
story-9

8 Mercedes Models With Poor Reliability Records

 Verdad Gallardo
Old Apr 7, 2024 | 08:43 PM
  #9  
stealth.pilot's Avatar
MBWorld Fanatic!
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
Originally Posted by MBNUT1
Yeah if you extrapolated it's current depreciation rate it would be like 200% / year. You would end up having to pay people to take it off of your hands.
Once the company disappears, you can't get parts, can't get software updates. It becomes junk.
Reply
Old Apr 7, 2024 | 10:19 PM
  #10  
MB37's Avatar
Super Member
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Apr 2011
Posts: 678
Likes: 258
23' EQS AMG
Originally Posted by stealth.pilot
Once the company disappears, you can't get parts, can't get software updates. It becomes junk.
Does it look like the Saudi will take Lucid private, and if so, will parts and service be more limiting than it is now?
Reply
Old Apr 7, 2024 | 10:28 PM
  #11  
stealth.pilot's Avatar
MBWorld Fanatic!
15 Year Member
Liked
Loved
Community Favorite
 
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
Originally Posted by MB37
Does it look like the Saudi will take Lucid private, and if so, will parts and service be more limiting than it is now?
whether they take it private or keep it public is not really relevant to whether the service and parts will be more limiting. That is a strategic choice on how you turnaround the company and even if they don’t take it private they have enough control to run it too tight.

What they should do right now if I was them would be to put in cash, continue building the service network, get the SUV out ASAP and get a cheaper compact (GLC equivalent) SUV out ASAP. You need volume to get to profitability. Follow Tesla’s model. You can’t make a profit without scale.

If the smaller SUV is too far out, then they need to rethink the direct sales and service model. Dealers would enable them to scale sales and service at a lower cost which will fit their luxury segment better.

I personally think Lucid’s survival is a long shot. If I was Saudi I would dump it. Better investments out there.

The only two I think will survive are Tesla and Rivian. With the big OEMs pulling back I think there is room for a company which occupies the Jeep segment for EVs. I don’t think anyone else is serving that segment and I think Rivian can match Tesla’s US market scale in 3 years.

From a market share perspective the R1 is killing the Model X and Cybertruck combined in terms of market share. The R2 will beat the Y and the R3 will beat the 3. This logic is why Rivian will likely be bought out if they fail.

Last edited by stealth.pilot; Apr 7, 2024 at 10:34 PM.
Reply

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.


All times are GMT -4. The time now is 09:09 AM.

story-0
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren

Slideshow: A one-of-one U.S.-spec Mercedes-Benz SLR McLaren Roadster became even rarer after a factory-backed transformation at McLaren's headquarters.

By Verdad Gallardo | 2026-04-29 11:19:28


VIEW MORE
story-1
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine

Slideshow: Before curves took over, Mercedes mastered the art of the straight line, and some of those shapes still look right today.

By Verdad Gallardo | 2026-04-25 12:05:49


VIEW MORE
story-2
Flawlessly Restored Mercedes 190E Evo II Heads to Auction

Slideshow: The 190E Evolution II shows how a homologation necessity became a six-figure collector icon.

By Verdad Gallardo | 2026-04-22 17:53:47


VIEW MORE
story-3
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know

Slideshow: Mercedes is turning one of its core nameplates electric, and the details show just how serious this shift is.

By Verdad Gallardo | 2026-04-21 13:58:06


VIEW MORE
story-4
Mercedes EQS Gets A Major Update: Everything You Need to Know

Slideshow: Faster charging, longer range, and a controversial steer-by-wire system define the latest evolution of Mercedes-Benz EQS.

By Verdad Gallardo | 2026-04-15 10:35:34


VIEW MORE
story-5
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve

Slideshow: These overlooked Mercedes-Benz models never got the spotlight, but they quietly delivered more than most remember.

By Verdad Gallardo | 2026-04-13 19:35:45


VIEW MORE
story-6
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping

Slideshow: A well-used 1991 Mercedes-Benz 300D with more than one million miles is now looking for a new owner, and it still appears ready for more.

By Verdad Gallardo | 2026-04-10 10:05:15


VIEW MORE
story-7
10 Most Reliable Mercedes-Benz Models You Can Buy Used

Slideshow: From bulletproof sedans to surprisingly tough SUVs, these Mercedes models proved that the three-pointed star can go the distance.

By Verdad Gallardo | 2026-04-08 09:55:49


VIEW MORE
story-8
Mercedes Teases Updated EQS With Steer-By-Wire and a Yoke

Slideshow: The 2027 update adds a fully digital steering system, revised styling, and potential charging upgrades as the company looks to revive interest in the luxury EV.

By Verdad Gallardo | 2026-04-04 10:24:38


VIEW MORE
story-9
8 Mercedes Models With Poor Reliability Records

Slideshow: From problematic air suspensions to early dual-clutch transmission issues, these specific models and years stand out as the least dependable modern Mercedes vehicles.

By Verdad Gallardo | 2026-03-26 18:08:10


VIEW MORE