What should MB do with returned end-of-lease EQS cars?
#26
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.
#27
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.
#28
#29
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?
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?
#30
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.
#31
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?
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?
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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#32
Out Of Control!!
Joined: Dec 2019
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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!).
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!).
#37
Thread Starter
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Joined: May 2005
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From: Philadelphia, PA (USA)
EQS 450 4Matic SUV
#38
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.
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.
#39
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Joined: May 2005
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EQS 450 4Matic SUV
#40
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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#41
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Joined: May 2005
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From: Philadelphia, PA (USA)
EQS 450 4Matic SUV
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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#43
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.
#44
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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GrayA (09-20-2024)
#46
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.
#47
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?!?
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?!?
#48
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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.
That said, then there are regulations compliance and safety that has to be done which incurs cost.