EQS EQS (V297) sedan

What should MB do with returned end-of-lease EQS cars?

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Old 09-16-2024 | 05:24 PM
  #26  
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Originally Posted by hlothery
Gotcha. I understand. Hope we can convince you to come over to the EV side soon! Maybe with some styling enhancements, etc? I really love the EQS.....best vehicle I have ever owned. (admittedly, have never driven an S580 ICE, although I'd love to!) Cheers!
Oh this is certainly my last ICE car. If it weren't for my regular travel to rural WV I would have gotten the i7. When the lease is up on this there will be lots of charging options along that route and I will certainly get an EV.

Originally Posted by stealth.pilot
Lot of people don't care about logic. You can't convince them.
Whats not logical? If I dont have the setup at home for an EV I don't want an EV loaner. Don't want to have to stop and charge it, I don't have accounts for any of the charging companies etc...big PITA. I also wouldn't rent an EV when on a trip.

I've driven S-Class ICE. It's not very good. If you want ICE, the BMW 7 is much better and the Panamera is king.




The i7 is great, as is the 760 but the powertrain isn't as refined as the S580, its not as quiet inside and its not as buttoned down or solid feeling at speed. Panamera is a totally different sort of car.

Last edited by SW20S; 09-16-2024 at 05:30 PM.
Old 09-16-2024 | 08:20 PM
  #27  
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Personally, if I was going to buy another ICE, it would be the S580. The refined, smooth looks are, IMHO, so far superior to the Buck-toothed BMW 7 series, but that is all subjective. Moot point, though.....I love my EQS. The accounts, BTW, are a snap to establish, and I'm certain if you tried charging the EV you would find it as easy as i have. It's definitely a leap, though.....To each his own.
Old 09-16-2024 | 08:56 PM
  #28  
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Originally Posted by Drone_S213
If I was in charge would just Lease returned EVs for another 24-36 months as CPO...Battery is still good.
My new car was around $650 a month zero down.
Old 09-16-2024 | 09:47 PM
  #29  
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Originally Posted by stealth.pilot
My new car was around $650 a month zero down.
Just curious. Did you consider a one payment lease? I despise making monthly payments. I’m pretty certain that I will order the 2025 EQS580 around February since my current 3 year one payment lease expires around May 1. This will also be a one payment 3 year lease.
The residual on my car is $69,300 (pretty good in my opinion). I very much doubt I can sell it myself for more than about $60,000. The price of the EQS580 when I purchased it was $134,655 plus insurance, etc. Thus, the total cost was $141,795.
Any words of wisdom from you or anyone here?
Old 09-16-2024 | 10:53 PM
  #30  
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Originally Posted by hlothery
Personally, if I was going to buy another ICE, it would be the S580. The refined, smooth looks are, IMHO, so far superior to the Buck-toothed BMW 7 series, but that is all subjective. Moot point, though.....I love my EQS. The accounts, BTW, are a snap to establish, and I'm certain if you tried charging the EV you would find it as easy as i have. It's definitely a leap, though.....To each his own.
I have no concerns about driving an EV locally, I just don’t have a desire to set all of that up just for a loaner. When I do have an EV I will obviously. If I knew it would just be for a day I would take one for sure, but it seems to always wind up taking a week.
Old 09-16-2024 | 11:11 PM
  #31  
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Originally Posted by AppleFan1
Just curious. Did you consider a one payment lease? I despise making monthly payments. I’m pretty certain that I will order the 2025 EQS580 around February since my current 3 year one payment lease expires around May 1. This will also be a one payment 3 year lease.
The residual on my car is $69,300 (pretty good in my opinion). I very much doubt I can sell it myself for more than about $60,000. The price of the EQS580 when I purchased it was $134,655 plus insurance, etc. Thus, the total cost was $141,795.
Any words of wisdom from you or anyone here?
I did do a one payment lease. It worked out at about $15,385 for a 24 month lease with everything rolled in - tax, tags, termination fee etc. Compare that to the $82,000 in just depreciation on my EQS over 2 years - not counting deferred interest. The EQE AMG feels like catharsis.

BTW I know some people on forums complain about one-payment leases being dangerous, but the way MBFS does it they treat the payment as an escrow and amortize the value over the lease. So if the vehicle were to be a total loss, you do get reimbursed for the unused portion of the lease on a pro rata basis.

Normally I would do the monthly payments given this was almost interest free. At such low subvented interest rates, economically it is better to pay monthly. However I went with the one-payment because the lease was so cheap it didnt seem worth the hassle of monthly payments (so in other words I was thinking like you!).

Last edited by stealth.pilot; 09-16-2024 at 11:15 PM.
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Old 09-17-2024 | 07:46 AM
  #32  
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Originally Posted by stealth.pilot
My new car was around $650 a month zero down.
Originally Posted by stealth.pilot
I did do a one payment lease. It worked out at about $15,385 for a 24 month lease with everything rolled in - tax, tags, termination fee etc. Compare that to the $82,000 in just depreciation on my EQS over 2 years - not counting deferred interest. The EQE AMG feels like catharsis.

BTW I know some people on forums complain about one-payment leases being dangerous, but the way MBFS does it they treat the payment as an escrow and amortize the value over the lease. So if the vehicle were to be a total loss, you do get reimbursed for the unused portion of the lease on a pro rata basis.

Normally I would do the monthly payments given this was almost interest free. At such low subvented interest rates, economically it is better to pay monthly. However I went with the one-payment because the lease was so cheap it didnt seem worth the hassle of monthly payments (so in other words I was thinking like you!).
I am definitely jealous here as MB Canada doesn't have any offer remotely close to that on their EQ series, it is easily double the monthly payment even converted back to USD.
Old 09-17-2024 | 11:06 AM
  #33  
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Thats a screaming deal! One pay leases are dangerous, regardless of what MB says they do...but its so little money...who cares?
Old 09-18-2024 | 11:08 AM
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Originally Posted by W205C43PFL
I wish I bought it (I live in Canada), OP said was sold to a non forum member.
I though you liked the CLE?
Old 09-18-2024 | 11:13 AM
  #35  
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Originally Posted by ILoveNY
I though you liked the CLE?
I do but I also want to try electric (in a sense, anyways).
Old 09-18-2024 | 11:18 AM
  #36  
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Do the CPO cars come with 2 year charge at EA?
Old 09-18-2024 | 11:31 AM
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Originally Posted by ILoveNY
Do the CPO cars come with 2 year charge at EA?
A CPO car sold before the second anniversary of the in service date will get the balance of the 2-year free 30-minute EA sessions.
Old 09-18-2024 | 06:49 PM
  #38  
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Originally Posted by LAZARU5
It's unlikely that many early adopters will purchase EQS cars at the end of their 2-yr and 3-year leases. The depressed market value of the lease returns will probably fill dealer lots with low mileage cars that will be an attractive alternative to new EQS vehicles. Mercedes may be forced to limit production of new vehicles.

It occurs to me that the lease returns can be repurposed as loaner cars for MB service departments. Doing this would reduce the number of low value cars competing against new car inventory. Getting an EQS loaner would WOW service customers accustomed to getting C-Class or GLB loaners while their cars are in the shop. Nothing is more unpleasant than getting a GLB as a loaner when your S-Class is in for service. And for C-Class owners, a high end loaner car could be a good chance to experience a quality interior. The average mileage on a one or two-day loaner is likely to be less than the comfortable range of an EQS so owners would not need a charger at home.

MB dealers would benefit from low maintenance and low "refueling" costs for a fleet of loaner EQS cars. Using the EQS cars as loaners would give customers the impression that Mercedes believed in its own EVs.
I think MBUSA would give another 2 year free charge in order to move the off-lease EQS off the lot.
Old 09-18-2024 | 06:56 PM
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Originally Posted by ILoveNY
I think MBUSA would give another 2 year free charge in order to move the off-lease EQS off the lot.
Better yet, give the lease returns 2 years free at Tesla chargers.
Old 09-18-2024 | 09:02 PM
  #40  
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I dont think charging matters. I would give nothing if I was them. The availability of free charging played zero role in my purchase decisions and in the last 2.5 years I only used an EA charger once.
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Old 09-18-2024 | 09:12 PM
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Originally Posted by stealth.pilot
I dont think charging matters. I would give nothing if I was them. The availability of free charging played zero role in my purchase decisions and in the last 2.5 years I only used an EA charger once.
For forum members brave enough to roadtrip in their EQS the free charging adds up. In the 23 months I have driven mine I estimate the free charging would have cost about $4K. In my case that offsets a little more than a month of depreciation.
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Old 09-18-2024 | 10:12 PM
  #42  
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I have an EA station next to my temporary housing so it's a big factor for me.

Unless there are so extra programs, almost all off lease EQS wouldn't come with free charging anymore.
Old 09-19-2024 | 02:42 PM
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I can tell you for me free charging means nothing. I'm going to charge in my home vs an EA charger despite them being free, and when traveling I would choose the best and most convenient charger vs what was "free", I'm used to paying for gas...paying to charge on a trip is nothing.
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Old 09-19-2024 | 03:03 PM
  #44  
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Originally Posted by SW20S
I can tell you for me free charging means nothing. I'm going to charge in my home vs an EA charger despite them being free, and when traveling I would choose the best and most convenient charger vs what was "free", I'm used to paying for gas...paying to charge on a trip is nothing.
Agree completely, free charging meant nothing in my decision, and I only used it once or twice. I have road tripped more recently since Mercedes has 6 charging stations half way to Dallas from San Antonio. I pay each time I stop there (about $15) and love the quality of the location and the chargers. If I use any commercial chargers, I look for quality, not free. I don't mind paying, especially since electricity is sooooo much cheaper than gas.
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Old 09-19-2024 | 04:36 PM
  #45  
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And $15 is way better than the $80 it costs to fill up my car!
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Old 09-19-2024 | 07:26 PM
  #46  
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Originally Posted by LAZARU5
For forum members brave enough to roadtrip in their EQS the free charging adds up. In the 23 months I have driven mine I estimate the free charging would have cost about $4K. In my case that offsets a little more than a month of depreciation.
Exactly. So it might have been better for us if they didn't flood the market and over produce these instead of giving away free charging.
Old 09-20-2024 | 09:23 AM
  #47  
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Thats really what the issue is. Manufacturers (not just MB) dramatically over estimated the demand for EVs and they manufactured far too many of them. Thats why you see such gluts in inventory and huge incentives while the market share of EVs continues to rise...

I worked for a huge real estate company in 2005 and they built an ENORMOUS headquarters in VA, it had the most individual bricks of any building in the US, at the time they were already the largest company in the country and every employee wouldn't have filled 25% of this building, so it sat 25% built out inside for years and years after that...how big did they think they were going to get?!?
Old 09-20-2024 | 09:28 AM
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I am thinking MB should bring some of their excess lease-return EQ inventory to other countries especially those with a solid infrastructure or on high-demand but low supply of these EQ vehicles.

That said, then there are regulations compliance and safety that has to be done which incurs cost.

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