EQS EQS (V297) sedan

Why are used eqs so cheap?

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Old Jan 4, 2025 | 08:00 PM
  #26  
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Originally Posted by ILoveNY
really? why so expensive there?
Because MB did not anticipate so many damaged ports from its flakey EA partner and did not design the port to be easily repaired from outside without taking the car apart.
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Old Jan 5, 2025 | 01:18 AM
  #27  
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Originally Posted by LAZARU5
Because MB did not anticipate so many damaged ports from its flakey EA partner and did not design the port to be easily repaired from outside without taking the car apart.
This is exactly what it took for the repair. Happened to me twice. You can easily mitigate this by inspecting the plug before use or just dont use public chargers.

INSPECTED DC CHARGING PORT AND FOUND SIGNS OF ARCING ON NEGATIVE CHARGING CABLE. CORRECTION: REMOVED RIGHT REAR WHEEL. REMOVED RIGHT REAR FENDER LINER. PERFORMED POWER DOWN OF HIGH VOLTAGE SYSTEM. REMOVED AND REPLACED CHARGING PORT CABLE. REINSTALLED IN REVERSE ORDER.
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Old Jan 29, 2025 | 09:10 AM
  #28  
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Originally Posted by nath_h
....The answer is complicated, and it depends who you talk to. The depreciation is shocking, although likely those of us with 2022 or 2023 cars it has slowed to a more 'normal' level....
I was hoping that you were correct about the rate of depreciation slowing. A 2-1/2 hour charging stop a couple of weeks ago has prompted us to look for another car. I got two trade-in offers this week for my 27-month old 2023 EQS SUV which had a $121K MSRP. First one was for $33K and second for $35K. This computes to about a $3200 hit per month. Do I have to wait another 11 months when the value is zero before writing this off as a casualty loss?
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Old Jan 29, 2025 | 11:34 AM
  #29  
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Originally Posted by LAZARU5
I was hoping that you were correct about the rate of depreciation slowing. A 2-1/2 hour charging stop a couple of weeks ago has prompted us to look for another car. I got two trade-in offers this week for my 27-month old 2023 EQS SUV which had a $121K MSRP. First one was for $33K and second for $35K. This computes to about a $3200 hit per month. Do I have to wait another 11 months when the value is zero before writing this off as a casualty loss?
So unfortunate! Why a 2 1/2 hour charging stop? Queues? Does this mean you are for sure looking at ICE now?
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Old Jan 29, 2025 | 01:05 PM
  #30  
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Originally Posted by LAZARU5
I was hoping that you were correct about the rate of depreciation slowing. A 2-1/2 hour charging stop a couple of weeks ago has prompted us to look for another car. I got two trade-in offers this week for my 27-month old 2023 EQS SUV which had a $121K MSRP. First one was for $33K and second for $35K. This computes to about a $3200 hit per month. Do I have to wait another 11 months when the value is zero before writing this off as a casualty loss?
cheapest clean title in the country is 50k. That means dealers are adding quite some markup when selling them (or they are afraid that prices are going to keep deteriorating and don't want them)
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Old Jan 29, 2025 | 06:44 PM
  #31  
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Originally Posted by ablonski
Depreciation is shocking. Is it due to low lease of new ones (so noone wants to finance used ones)?
Do you expect price to drop further when more cars come off lease? I am guessing more leases of 2023 will end in 2025 (as 2-3 years is typical lease)?
Thanks
It is most likely a risk issue. Most people know how to evaluate the condition of an ICE vehicle (or can have it evaluated easily) so they can judge the value pretty well.

With EVs the big question is how well or badly the battery was treated. Was it always charged to 100% (bad), was it always charged at the max charge rate (also bad), was it every left mostly discharged for a long time (bad), etc. Since there is no way to know the battery condition without knowing at the charge history, everyone assumes the battery has been mistreated, and assumes that there is a risk of early battery pack failure. The prices reflect the risk of the unknown battery condition.
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Old Jan 29, 2025 | 07:11 PM
  #32  
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Originally Posted by ehildum
It is most likely a risk issue. Most people know how to evaluate the condition of an ICE vehicle (or can have it evaluated easily) so they can judge the value pretty well....
I agree that a Buyer in a private sale does not have a way to check the condition of the HV Battery. But, I have to believe that the MB dealers would have the equipment to evaluate the battery health. In recent visits to a couple of local MB dealers, I noticed that there are almost no EQS vehicles in stock. I think the depressed trade-in prices reflect the waning interest in EVs. I offered to give my EQS SUV to my Gen-X adult kids and they have zero interest in it even at no cost.
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Old Jan 29, 2025 | 07:21 PM
  #33  
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What I see is that dealers are cutting back on stock overall. Stock is a big capital outlay, and the less they keep on hand the less capital they have tied up. Basically, cost reduction. Kind of annoying as I cannot kick the tires on models and configurations I am interested in (I need to replace one car in the next year or so so am looking around now).
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Old Jan 31, 2025 | 07:59 AM
  #34  
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Originally Posted by LAZARU5
I was hoping that you were correct about the rate of depreciation slowing. A 2-1/2 hour charging stop a couple of weeks ago has prompted us to look for another car. I got two trade-in offers this week for my 27-month old 2023 EQS SUV which had a $121K MSRP. First one was for $33K and second for $35K. This computes to about a $3200 hit per month. Do I have to wait another 11 months when the value is zero before writing this off as a casualty loss?
I understand those are shocking trade in numbers. Could it be dealers seeing the negative narrative about luxury EV's and using that to stick it to customers? I do keep an eye on the market, and at least through casual observation it looks like the retail numbers have stopped going down, or even up in some cases. I base my original observation partially on my old 2019 Jaguar I Pace...it went down like a stone, but finally bottomed out and stayed at around $25,000. And that car was a well known disaster, albeit a fantastic car when working. I still miss it, at least when it worked. I should have held on, because Jaguar USA is now buying back every single 2019.
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Old Jan 31, 2025 | 08:58 AM
  #35  
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Originally Posted by nath_h
...Could it be dealers seeing the negative narrative about luxury EV's and using that to stick it to customers?...
I don't think so. I think the cost of floor planning for what is likely to be several months is a big factor in computing the value of the trade-in. My closest dealer has a brand new 2023 EQE 500 with a $98K MSRP in the showroom with a $25K discount. On my last visit I was told that a bigger discount was available if I was interested.
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Old Feb 4, 2025 | 01:34 PM
  #36  
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Originally Posted by ScottC2
So unfortunate! Why a 2 1/2 hour charging stop? Queues? Does this mean you are for sure looking at ICE now?
I had to wait in the Tesla queue for one of the 8 of 12 chargers that were working on that sub-freezing day. Then after charging at 29kW for 30 minutes and seeing another line of Tesla cars waiting I moved to an EA location a few miles away and waited in line while two people were charging to 100%. We test drove the GT55 and it was too loud, too firm of a ride, and the rear jump seat back could not fold down with the front seats in a comfortable position. The GT43 was better with respect to ride comfort but still had the same problem with the seats. We found a new E53 Hybrid and will be resetting the depreciation clock in a couple of days.
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Old Feb 4, 2025 | 02:03 PM
  #37  
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Originally Posted by LAZARU5
I had to wait in the Tesla queue for one of the 8 of 12 chargers that were working on that sub-freezing day. Then after charging at 29kW for 30 minutes and seeing another line of Tesla cars waiting I moved to an EA location a few miles away and waited in line while two people were charging to 100%. We test drove the GT55 and it was too loud, too firm of a ride, and the rear jump seat back could not fold down with the front seats in a comfortable position. The GT43 was better with respect to ride comfort but still had the same problem with the seats. We found a new E53 Hybrid and will be resetting the depreciation clock in a couple of days.
29 kW! Did you have battery preconditioning on and did it have enough time to precondition the battery? That speed makes it seem like the battery was cold. I think the max rate is 200 kW.
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Old Feb 4, 2025 | 02:08 PM
  #38  
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Originally Posted by GrayA
29 kW! Did you have battery preconditioning on and did it have enough time to precondition the battery? That speed makes it seem like the battery was cold. I think the max rate is 200 kW.
Something was wrong with the Superchargers. No one wes getting good charging rates. We arrived with 13% SoC and a preconditioned battery (by specifying the nearby EA charger). When we finally did charge at EA we got 206kW rate from a 150kW EA charger.
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Old Feb 4, 2025 | 03:47 PM
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Originally Posted by LAZARU5
I had to wait in the Tesla queue for one of the 8 of 12 chargers that were working on that sub-freezing day. Then after charging at 29kW for 30 minutes and seeing another line of Tesla cars waiting I moved to an EA location a few miles away and waited in line while two people were charging to 100%. We test drove the GT55 and it was too loud, too firm of a ride, and the rear jump seat back could not fold down with the front seats in a comfortable position. The GT43 was better with respect to ride comfort but still had the same problem with the seats. We found a new E53 Hybrid and will be resetting the depreciation clock in a couple of days.
That should be a very nice car for you.
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Old Feb 4, 2025 | 08:56 PM
  #40  
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Originally Posted by LAZARU5
I agree that a Buyer in a private sale does not have a way to check the condition of the HV Battery. But, I have to believe that the MB dealers would have the equipment to evaluate the battery health. In recent visits to a couple of local MB dealers, I noticed that there are almost no EQS vehicles in stock. I think the depressed trade-in prices reflect the waning interest in EVs. I offered to give my EQS SUV to my Gen-X adult kids and they have zero interest in it even at no cost.
Just bought a CPO EQS, they didn't check the battery.

I asked them to check it, and the health came out as 99.67%
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Old Feb 5, 2025 | 06:09 PM
  #41  
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I think the big cost to owning the eqs after warranty is not the battery; it is probably the least likely to break down. It is all the other ancillary components that will eat your pocket money alive.
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Old Feb 6, 2025 | 08:44 AM
  #42  
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Originally Posted by MB37
I think the big cost to owning the eqs after warranty is not the battery; it is probably the least likely to break down. It is all the other ancillary components that will eat your pocket money alive.
This is why everyone should get an extended warranty if keeping post factory warranty. MB parts are absurdly expensive for any model. They just keep going up, like a lot, and apparently there is no push back so they get raised even more. My favorite is the rear quarter window seal on my old CL for $4700. I emailed in about my window seal, and said something like "why are you punishing us enthusiasts with hostage negotiation level pricing, and the prices just keep going up?" I got a typical corporate bs response about how things are priced dynamically and the price reflects the excellence of their engineering and quality. Uh huh. More like the CEO and CFO need to pump their next quarterly earnings results because they need to buy a 7th home, a third helicopter, and their backups yachts need a mechanical overhaul.
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Old Feb 6, 2025 | 09:43 AM
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Originally Posted by MB37
I think the big cost to owning the eqs after warranty is not the battery; it is probably the least likely to break down. It is all the other ancillary components that will eat your pocket money alive.
truth.
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Old Feb 6, 2025 | 11:39 AM
  #44  
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Originally Posted by nath_h
This is why everyone should get an extended warranty if keeping post factory warranty. MB parts are absurdly expensive for any model. They just keep going up, like a lot, and apparently there is no push back so they get raised even more. My favorite is the rear quarter window seal on my old CL for $4700. I emailed in about my window seal, and said something like "why are you punishing us enthusiasts with hostage negotiation level pricing, and the prices just keep going up?" I got a typical corporate bs response about how things are priced dynamically and the price reflects the excellence of their engineering and quality. Uh huh. More like the CEO and CFO need to pump their next quarterly earnings results because they need to buy a 7th home, a third helicopter, and their backups yachts need a mechanical overhaul.
I just had my windshield replaced by my dealer. Charged around $1200 for labor. Asked my insurance guy if that was a bit high. He said the average labor charge from independent shops was around $300-350. I went with dealer because USAA couldn’t source the windshield locally from the independents.
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Old Feb 6, 2025 | 11:58 AM
  #45  
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Old Feb 9, 2025 | 05:19 AM
  #46  
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I think something not yet mentioned is that the EQS is priced like an S-class but it lacks so many of the features of the S-class:
- a rear seat that is nowhere near as comfortable as the S-class,
- no soft close doors,
- lack of window shades on the rear doors,
- and more.

Because many people who buy this car need a real rear seat, I think that first point is the most important. I bought my EQS450+ as a Certified Pre-Owned car and it was returned to the dealer specifically because of the inadequate rear seat. As a multiple S-class owner (who rarely carries any passengers), I can attest to the lack of comfort in the rear seats.

I do love my EQS however, despite it's failings, mainly for its amazing range and the versatility of the hatchback. I've not found any large luxury car that beats it overall.
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Old Feb 9, 2025 | 01:23 PM
  #47  
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Originally Posted by haYnBenz
I think something not yet mentioned is that the EQS is priced like an S-class but it lacks so many of the features of the S-class:
- a rear seat that is nowhere near as comfortable as the S-class,
- no soft close doors,
- lack of window shades on the rear doors,
- and more.

Because many people who buy this car need a real rear seat, I think that first point is the most important. I bought my EQS450+ as a Certified Pre-Owned car and it was returned to the dealer specifically because of the inadequate rear seat. As a multiple S-class owner (who rarely carries any passengers), I can attest to the lack of comfort in the rear seats.

I do love my EQS however, despite it's failings, mainly for its amazing range and the versatility of the hatchback. I've not found any large luxury car that beats it overall.
It is a great car for those that enjoys the fully electric experience, the main reason those features are missing probably because they have to save some cost somewhere due to the R&D on the electric platform and EV in general while also keeping the price within the range and not too different to the ICE S-Class. If all the ICE S-Class features are in the EQS, the price will go up a lot, I guess there is EQS Maybach too.
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Old Feb 9, 2025 | 07:33 PM
  #48  
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I could see myself buying a used AMG EQS or Maybach EQS SUV at some point in the future, when they get cheap enough, provided it's still under warranty.
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Old Feb 9, 2025 | 09:10 PM
  #49  
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Originally Posted by GreasedFolgore
https://www.youtube.com/watch?v=KoD1_GazrIU

I could see myself buying a used AMG EQS or Maybach EQS SUV at some point in the future, when they get cheap enough, provided it's still under warranty.
Ya the Maybach EQS is much closer to the true W223 S-Class experience. Still not exactly an S-Class though.
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Old Feb 9, 2025 | 09:12 PM
  #50  
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Originally Posted by ILoveNY
Just bought a CPO EQS, they didn't check the battery.

I asked them to check it, and the health came out as 99.67%
That is decent battery health, great find! Congrats and enjoy in good health : )
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