How to sell
Out Of Control!!
Joined: Nov 2018
Posts: 11,299
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From: San Francisco Bay Area
2019 C63CS
Okay so I got some data from a broker.
The average Mannheim Auction sold value for an EQS580 4Matic is $56500 based on 10 auction transactions in the last 60 days. The values range from 49k miles for a higher mileage car, to $61k for the best one. Most of the better cars were in the $55-60k range. So that would be the right wholesale value for my car. Retail listings tend to be around $70-80k. So the retail margin is probably in the $10-15k range on these, which reflects that the dealer may bear some timing risk on holding time of the car.
We also looked at other cars. The Porsche EV depreciation curve is a lot less steep than the Mercedes one.
The average Mannheim Auction sold value for an EQS580 4Matic is $56500 based on 10 auction transactions in the last 60 days. The values range from 49k miles for a higher mileage car, to $61k for the best one. Most of the better cars were in the $55-60k range. So that would be the right wholesale value for my car. Retail listings tend to be around $70-80k. So the retail margin is probably in the $10-15k range on these, which reflects that the dealer may bear some timing risk on holding time of the car.
We also looked at other cars. The Porsche EV depreciation curve is a lot less steep than the Mercedes one.
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MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
Yeah although trade-in below wholesale is kind of stupid. I could send it to auction myself. I wonder if anyone accepts these kinds of offers. You would think a dealer would prefer buying a car direct from the owner because they know what they get. A wholesale car from Mannheim comes without inspection and risk around refurbishment cost.
Out Of Control!!
Joined: Nov 2018
Posts: 11,299
Likes: 5,268
From: San Francisco Bay Area
2019 C63CS
Yeah although trade-in below wholesale is kind of stupid. I could send it to auction myself. I wonder if anyone accepts these kinds of offers. You would think a dealer would prefer buying a car direct from the owner because they know what they get. A wholesale car from Mannheim comes without inspection and risk around refurbishment cost.
https://bringatrailer.com/listing/20...amg-eqs-amg-2/
Thread Starter
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From: Atlanta
2022 Mercedes EQS 580
You can always auction it yourself if you want to go that route. That's what BaT is all about. But don't expect to get many takers on a non special car. It's gonna have to be an AMG at least. I see an AMG EQS with Brabus upgrades got auctioned off last year, but it didn't meet the reserve.
https://bringatrailer.com/listing/20...amg-eqs-amg-2/
https://bringatrailer.com/listing/20...amg-eqs-amg-2/
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From: Fleriduh
W212 E63S Wagon - GSL580 - E63 - E350 - C300
If the buyers were 'smart' enough they would have already got a third mortgage on their vacation home and paid $10k over your asking price....just for the privilege.....this car does or does not come with the pheromones of spectacularly gifted humans?
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From: Atlanta
2022 Mercedes EQS 580
Go die already you useless individual. what kind of a twit spends all his time on a board for electric car enthusiasts and spends his entire time whining about EVs.
Last edited by stealth.pilot; Aug 23, 2024 at 03:21 PM.
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From: Maysville, KY , est'd 1767
Mercedes S560
By accident, and I mean, literally IN an accident, I beat the game. Don't recommend anyone do the same thought -
I was in a huge rush to get an early EQS450, minimally optioned, and bought the first one my Cincinnati dealer sold. Great car. Inside a year on a very curvy road I lost it - it was totaled. No injury. My insurance recovery was close to 90% of what I paid for it.
I started to replace it, but then said to myself - "Hey, our 2018 S560, 27,000 miles, is sitting unused in the garage. Why replace the EQS? So, I did not.
The only thing I miss about it is the 10 degree rear wheel steering. I could not risk driving any farther than a 75 mile round trip to Cincinnati, so it wasn't available for longer trips. Kept it charged to 80%, saw it drop in cold winter weather. Don't miss it. A lovely Cardinal Red, but I don't miss it. I have put the insurance payoff to very good use.
Wish all you current and soon-to-be EQ owners the best of luck and the greatest enjoymnent.
Off topic, I know. Please forgive me.
I was in a huge rush to get an early EQS450, minimally optioned, and bought the first one my Cincinnati dealer sold. Great car. Inside a year on a very curvy road I lost it - it was totaled. No injury. My insurance recovery was close to 90% of what I paid for it.
I started to replace it, but then said to myself - "Hey, our 2018 S560, 27,000 miles, is sitting unused in the garage. Why replace the EQS? So, I did not.
The only thing I miss about it is the 10 degree rear wheel steering. I could not risk driving any farther than a 75 mile round trip to Cincinnati, so it wasn't available for longer trips. Kept it charged to 80%, saw it drop in cold winter weather. Don't miss it. A lovely Cardinal Red, but I don't miss it. I have put the insurance payoff to very good use.
Wish all you current and soon-to-be EQ owners the best of luck and the greatest enjoymnent.
Off topic, I know. Please forgive me.
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From: Commierado
Deleted
It's not just EV's. We have been making bi-weekly price reductions on most of our dealership's inventory for the past couple of months. Reduced both of our GLE 400's $4k each in the past three weeks. The economy is in a slump, interest rates are sky high, the supply chain problems with new car inventory are (mostly) solved, so people are not buying as much and prices are coming down.
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From: Fleriduh
W212 E63S Wagon - GSL580 - E63 - E350 - C300
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From: NY & FL
MB’s of all kinds.
Unless you are a car collector, it makes much more sense nowadays to lease rather than buy (cash or finance). I'm leasing a 2024 AMG EQEX4 for 30000 miles / 3 years. I haven't "owned" a car for the past 35 years. No worries about values at the 3-year turnover. Occasionally, the vehicle's value is greater than the calculated residual $$, and I receive cash back for the transaction. NC only has a highway use tax at 3% and it is only applied to the periodic lease payment rather than to the capitalized value of the car being leased. YMMV
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From: Commierado
Deleted
Has anyone actually been able to sell their EQS without trading it in for $30k below market?
I saw a nice EQE SUV AMG in Florida and thought I might be interested in switching.
So I went on Cargurus to look at value, and it was telling me that my low mileage EQS580 in amazing condition which is 26 months old is now worth $48k on an MSRP of over $140k.
I saw a nice EQE SUV AMG in Florida and thought I might be interested in switching.
So I went on Cargurus to look at value, and it was telling me that my low mileage EQS580 in amazing condition which is 26 months old is now worth $48k on an MSRP of over $140k.
Thread Starter
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From: Atlanta
2022 Mercedes EQS 580
yes the numbers are going up. I am at $56k now. Will check Carmax in AM. My guess is I can easily sell this for $65k privately since my particular spec is somewhat unique on Autotrader and Cars.com.
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
I'm going to get one of these.
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From: Occupied Palestine
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
I'm tempted to go nuts and have a full-blown mid-life crisis but I guess this just isn't practical:
Plus I can only imagine how much insurance is going to be on a 1000 HP EV that costs $250,000. Yikes!
Plus I can only imagine how much insurance is going to be on a 1000 HP EV that costs $250,000. Yikes!
Thread Starter
MBWorld Fanatic!
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From: Atlanta
2022 Mercedes EQS 580
I'm tempted to go nuts and have a full-blown mid-life crisis but I guess this just isn't practical:
https://www.youtube.com/watch?v=lkMCC48rkeA
Plus I can only imagine how much insurance is going to be on a 1000 HP EV that costs $250,000. Yikes!
https://www.youtube.com/watch?v=lkMCC48rkeA
Plus I can only imagine how much insurance is going to be on a 1000 HP EV that costs $250,000. Yikes!
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From: Iowa
2008 CL550, 2022 EQB 300, 2023 EQS 450 4Matic
Or, just keep the car and don't worry about depreciation. All cars are going way way down over the long term...these have just been accelerated, at least in the short term. FWIW, just sold my dad's perfect 2018 BMW every option 7 Series w/ 30,000 miles for $24,000. I'm cheering the Maybach EV heading straight down in value, so I can pick one up in a couple years.
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From: Occupied Palestine
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
Plain white though? Seriously? Not even a chalky shade of grey? And if they're too lazy to take real pics for 250K what kind of service should I expect after the sale?
I'd still take the used cross tourismo for 80 though.
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From: Atlanta
2022 Mercedes EQS 580
One of the dynamics of the market I found very interesting post-covid is that sports cars now hold their value better than family cars. It used to be the case that a Mercedes SL would be a terrible purchase, but now it is a great purchase relative to an S-Class or an E-Class from a value retention standpoint and that will typically offset any insurance delta.
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From: DFW
SL63
One of the dynamics of the market I found very interesting post-covid is that sports cars now hold their value better than family cars. It used to be the case that a Mercedes SL would be a terrible purchase, but now it is a great purchase relative to an S-Class or an E-Class from a value retention standpoint and that will typically offset any insurance delta.
