Hi, originally, I didn’t want an EQS model and was waiting for the E53 W214. But I looked at the discounts, and they are quite astonishing.I was looking for a 2024 580 SUV, but they are hard to find with a beige interior.

I now have an offer for an 2024 EQS sedan.
MSRP: 132,275
Rebate total: 30,814
+ all fees, doc fee, ... plus additional transport cost (Car comes from a dealer outside Fl) ~ 4,200
Trade in - 6,000
Total: 100,552.75
Cash down 5,000

36 Month 12,000 Miles/Year, 1,169 per month incl 6% FL Tax.

Is this a good deal? Is it still worth negotiating further or looking for another dealer?
Thanks for your help in advance.

 

Are you putting the 6,000 from the trade towards the lease? If so seems a bit high. I leased on in Jan 2024, a 2023 MY SUV, and put down 0, rolled all fees into payment and pay just over 1200. NJ had no sales tax on EVs at the time so that counts for some. The MSRP on the vehicle was $140,xxx.

I’d push a bit harder because these cars don’t move. The buyout on my lease, not that I’m considering that, is a touch over 108,000. The value of the car ranges from 59-62,000. Enjoy the lease because the car is quite nice but do not purchase these unless you’re getting for about half off the sticker.

 

Between your trade in and cash down of ~$11,000, that's a little bit of a high monthly payment. At this time of year especially with the 2025s hitting dealerships and the incredibly low demand on EQ cars, I really think you should be closer to $1,169/mo WITHOUT the $11,000 down.

We were negotiating on a $146,000 MSRP 2024 EQS 580 and had them at $1400/mo with $0 due at signing, 36 months, 15,000 mi/yr.

As a reminder, on leases, your goal should be to put as close to $0 down as possible. If you get hit pulling out of the dealership and total the car, that $11,000 simply vanishes.

 

I agree with @QuadBenz never put money down on the lease, there is no benefit / discount for doing so. Also in the event of a total loss that money is gone. If you don’t like a higher payment get a less expensive car. However, don’t believe the car is more affordable because you prepaid a lump against the lease total.

 

Thanks all for the input. I'll go shopping a little bit more. The MB incentives 7,500.+ 5,000 is ending this month. Not sure how this influence the leasing rate.

 

Let me try your numbers tomorrow. I found a EQS580V4 for 138,220. Lets see if he is ok with 3y/12k miles year/ 0 down for around 1,200 ...

 

I just checked my account and I pay 1220/mo but there is no tax in EVs in NJ, at least at that time. So if you get that number, or very close, + tax that should be your goal.