How to sell
08-23-2024, 12:47 PM
#26
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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.
08-23-2024, 12:55 PM
#27
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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.
08-23-2024, 02:04 PM
#28
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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/
08-23-2024, 02:39 PM
#29
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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/
08-23-2024, 02:42 PM
#30
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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?
08-23-2024, 03:20 PM
#31
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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; 08-23-2024 at 03:21 PM.
08-23-2024, 03:46 PM
#32
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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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stealth.pilot (08-23-2024)
08-23-2024, 06:14 PM
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W212 E63S Wagon - GSL580 - E63 - E350 - C300
Seriously, stealth....certainly you know a joke, right?
On a positive note: my punishment is the starter on my Sprinter died tonight.......
On a positive note: my punishment is the starter on my Sprinter died tonight.......
08-23-2024, 07:22 PM
#34
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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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finlayson (08-25-2024)
08-23-2024, 07:30 PM
#36
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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
08-23-2024, 07:32 PM
#37
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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.
08-23-2024, 08:19 PM
#38
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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.
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Crito (08-23-2024)
08-23-2024, 10:30 PM
#43
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I'm going to get one of these.
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Crito (08-23-2024)
08-23-2024, 10:50 PM
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2023 EQE 500 SUV electric and 2024 Jaguar F-PACE SVR 5.0L
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!
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stealth.pilot (08-23-2024)
08-23-2024, 11:33 PM
#45
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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!
08-24-2024, 06:58 AM
#46
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2008 CL550, 2022 EQB300, 2022 EQS580
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.
08-24-2024, 08:13 AM
#47
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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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MBNUT1 (08-25-2024)
08-24-2024, 01:31 PM
#48
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The back seats of a sports car are usable, for lower insurance premiums compared to the same car as a 2 seat sports car.
08-24-2024, 01:54 PM
#49
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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.
08-24-2024, 02:23 PM
#50
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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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HBerman (08-26-2024)
