Why are used eqs so cheap?
Thread Starter
Newbie
Joined: Jul 2022
Posts: 11
Likes: 3
Audi a8
Why are used eqs so cheap?
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
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
SPONSOR
Joined: Apr 2021
Posts: 846
Likes: 559
From: San Jose, CA
11 E550, 16 AMG GTS, 13 S550
they sat for 2 years unsold at one of our dealers. nobody wants them
__________________
Alpha European Autotech
Purchase Amsoil at 25% off from me
Chris Tran, Retired Alpha European Autotech Owner
Amsoil Independent Dealer #7236674
Alpha European Autotech
Purchase Amsoil at 25% off from me
Chris Tran, Retired Alpha European Autotech Owner
Amsoil Independent Dealer #7236674
MBWorld Fanatic!
Joined: Feb 2007
Posts: 2,550
Likes: 745
From: Cary, NC
2024 AMG EQE SUV , 2021 E63S Wagon - gone, 2018 E63S Sedan - gone
The SUV is much more tolerable.
MBWorld Fanatic!
Joined: Apr 2023
Posts: 1,568
Likes: 590
From: Occupied Palestine
2025 Maserati Grecale Folgore and 2024 Jaguar F-PACE SVR
Trending Topics
MB World Stories
The Best of Mercedes & AMG
6 Mercedes Models That Did NOT Age Well (But Are Somehow Still Cool)
Verdad Gallardo
Manual Mercedes? 6 Times Sindelfingen Let Drivers Have All The Fun
Verdad Gallardo
Mercedes SLR McLaren 722 S Is Extremely Rare Example Modified by McLaren
Verdad Gallardo
8 Classic Boxy Mercedes Designs That Have Aged Like Fine Wine
Verdad Gallardo
Flawlessly Restored Mercedes 190E Evo II Heads to Auction
Verdad Gallardo
Electric Mercedes C-Class Unveiled: 11 Things You Need to Know
Verdad Gallardo
Mercedes EQS Gets A Major Update: Everything You Need to Know
Verdad Gallardo
5 Underrated Mercedes-Benz Models That Don't Get the Love They Deserve
Verdad Gallardo
Mercedes 300D Has Pushed Well Past 1 Million Miles and It Ain't Stopping
Verdad Gallardo
MBWorld Fanatic!
Joined: Feb 2007
Posts: 2,550
Likes: 745
From: Cary, NC
2024 AMG EQE SUV , 2021 E63S Wagon - gone, 2018 E63S Sedan - gone
MBWorld Fanatic!
Joined: Oct 2021
Posts: 1,195
Likes: 636
From: Iowa
2008 CL550, 2022 EQB 300, 2023 EQS 450 4Matic
There has already been much spilled ink on this topic. 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 don't think it is people worrying about the battery, since it has such a long warranty. Typical cited reasons are early adopter technology depreciates quickly, all the rich people who wanted to be early adopters already bought one, MB made too many, Tesla kept cutting their prices bringing down all EV prices, people don't like the look, people who can afford these want new and not used, people don't want 'statement' cars, and more. One overlooked reason is all luxury cars depreciate like crazy, albeit more so for luxury ev's. That 7 Series or S class you bought a few years back will trade in at 40% of whatever you paid new. If you plan to keep your EQS like I do, depreciation is a moot point. If you are frequently trading new luxury cars, be prepared to lose anywhere from a lot to a really lot of money.
Junior Member
Joined: Oct 2024
Posts: 26
Likes: 7
'23 EQS 450 4matic
Lots of factors - they set the list price too high, requiring discounting, tax incentives added to this make the leases compelling, they over estimated how many they'd sell (or it made sense to make the numbers they made in order to reduce their CAFE fleet average - may be cheaper to give away EQS on cheap leases than buy CAFE credits fro Tesla) So now there's a glut of used ones, Even though the warranty is good, people are rightly cautious about even a bargain 120K car, if you have the money to buy a nice 60K or more CPO then leasing a new one is attractive, it's a circuitous issue.
Junior Member
Joined: Apr 2024
Posts: 58
Likes: 8
From: Maryland
Genesis GV60
The warranty in the U.S. is 4 year/50k miles and people are scared of high out of warranty repair costs. Do all of you think that is a legitimate concern, or will these cars be reliable with minimal repair?
Junior Member
Joined: Mar 2015
Posts: 71
Likes: 6
From: Massachusetts
2022 EQS 580 Nautical Blue Macchiato interior.
My solution was buy 2022 CPO last year & the depreciation is there, but certainly not as dramatic.
i just bought the CPO extended warranty so car under warranty until 2/2029. As I really like all aspects of the car, I figure to keep & continue to enjoy. So far, nothing out there has caught my attention to consider purchasing. By the time warranty expires, technology should be considerably better. In the event, something does come along, warranty is transferable which makes car easier to private sell.
i just bought the CPO extended warranty so car under warranty until 2/2029. As I really like all aspects of the car, I figure to keep & continue to enjoy. So far, nothing out there has caught my attention to consider purchasing. By the time warranty expires, technology should be considerably better. In the event, something does come along, warranty is transferable which makes car easier to private sell.
Junior Member
Joined: Mar 2015
Posts: 71
Likes: 6
From: Massachusetts
2022 EQS 580 Nautical Blue Macchiato interior.
My solution was buy 2022 CPO last year & the depreciation is there, but certainly not as dramatic.
i just bought the CPO extended warranty so car under warranty until 2/2029. As I really like all aspects of the car, I figure to keep & continue to enjoy. So far, nothing out there has caught my attention to consider purchasing. By the time warranty expires, technology should be considerably better. In the event, something does come along, warranty is transferable which makes car easier to private sell.
i just bought the CPO extended warranty so car under warranty until 2/2029. As I really like all aspects of the car, I figure to keep & continue to enjoy. So far, nothing out there has caught my attention to consider purchasing. By the time warranty expires, technology should be considerably better. In the event, something does come along, warranty is transferable which makes car easier to private sell.
MBWorld God!
Joined: Jul 2010
Posts: 31,277
Likes: 3,916
From: on my way
2012 CLS63
Aside from the battery I'm not sure what else could be a big ticket item to repair. I have no EV experience though. I have been eyeing the new VW bus though....pricey at around 55-70 for a 'nice' one though.
MBWorld Fanatic!
Joined: May 2005
Posts: 1,439
Likes: 540
From: Philadelphia, PA (USA)
2025 E53 Hybrid
There are plenty of potential big ticket repairs on an out of warranty EQS, especially as it approaches 100K miles. Air suspension struts and the 12v battery are two examples. Pretty much everything excluded from a CPO warranty are the most likely things to go wrong.
Junior Member
Joined: Mar 2015
Posts: 71
Likes: 6
From: Massachusetts
2022 EQS 580 Nautical Blue Macchiato interior.
Not sure if you are indicating the air suspension is NOT covered in the CPO warranty (extended), here is the coverage per contract.
SUSPENSION: Coil springs, anti-sway torsion bar as well as
associated linkage and brackets, ADS pump (where applicable),
reservoir, valves, accumulators, valve linkage, suspension pressure
reservoir, gas spring reservoir, oil reservoir and cover, oil level sending
unit, high-pressure oil hose, distribution valve, switch level adjustment,
solenoid locking valve, suspension acceleration sensor, body
acceleration sensor, switch load sensor, upper and lower control arms,
as well as all suspension links and bushings, ball joints, wheel bearings,
wheel bearing seals and air suspension struts.
SUSPENSION: Coil springs, anti-sway torsion bar as well as
associated linkage and brackets, ADS pump (where applicable),
reservoir, valves, accumulators, valve linkage, suspension pressure
reservoir, gas spring reservoir, oil reservoir and cover, oil level sending
unit, high-pressure oil hose, distribution valve, switch level adjustment,
solenoid locking valve, suspension acceleration sensor, body
acceleration sensor, switch load sensor, upper and lower control arms,
as well as all suspension links and bushings, ball joints, wheel bearings,
wheel bearing seals and air suspension struts.
MBWorld Fanatic!
Joined: May 2005
Posts: 1,439
Likes: 540
From: Philadelphia, PA (USA)
2025 E53 Hybrid
Not sure if you are indicating the air suspension is NOT covered in the CPO warranty (extended), here is the coverage per contract.
SUSPENSION: Coil springs, anti-sway torsion bar as well as
associated linkage and brackets, ADS pump (where applicable),
reservoir, valves, accumulators, valve linkage, suspension pressure
reservoir, gas spring reservoir, oil reservoir and cover, oil level sending
unit, high-pressure oil hose, distribution valve, switch level adjustment,
solenoid locking valve, suspension acceleration sensor, body
acceleration sensor, switch load sensor, upper and lower control arms,
as well as all suspension links and bushings, ball joints, wheel bearings,
wheel bearing seals and air suspension struts.
SUSPENSION: Coil springs, anti-sway torsion bar as well as
associated linkage and brackets, ADS pump (where applicable),
reservoir, valves, accumulators, valve linkage, suspension pressure
reservoir, gas spring reservoir, oil reservoir and cover, oil level sending
unit, high-pressure oil hose, distribution valve, switch level adjustment,
solenoid locking valve, suspension acceleration sensor, body
acceleration sensor, switch load sensor, upper and lower control arms,
as well as all suspension links and bushings, ball joints, wheel bearings,
wheel bearing seals and air suspension struts.
Service and Warranty Mercedes-Benz Certified Pre-Owned Limited Warranty — Exclusions
Items Excluded From This Warranty
1. Vehicle batteries
2. Shock Absorbers/Suspension Struts
3. Phone
4. Soft top, including: • Fabric top • Rear glass/plastic window • Headliner
5. Glass
6. Vehicle paint and trim
7. Damage caused by outside influences: Resultant Damage from factors such as: • Fuel • Fluid contamination • Improper fuel usage • Improper adjustments • Corrosion and algae
8. Damage due to accidents, fraud, negligence, misuse, improper adjustments, modification, alterations, disconnection, or tampering. Damage due to accidents or acts of nature of other events beyond the control of MBUSA; damage from objects striking the vehicle. Misuse of the vehicle, such as, but not limited to: • Driving over curbs • Overloading • Improper operation • Operating without regard to vehicle warning lights • Storage or transport (Proper vehicle use is described in the Operator’s Manual.)
9. Damage due to lack of maintenance or lack of proper maintenance or failure to use specified maintenance parts and fluids as described or indicated in the vehicle’s Service Booklet.
10. Normal maintenance such as: • Cleaning and polishing • Lubrication and filter changes as specified • Engine tune-up • Wiper blades • Replacement of worn brake pads and discs Refer to the Service Booklet for details.
11. Damage due to alterations (changes or additions) to the vehicle that adversely affect its performance, reliability, and longevity.
12. Damage Caused By Other Than Original Equipment Parts: Any malfunctions caused by the use of other than Mercedes-Benz original equipment or Mercedes-Benz approved spare parts or accessories.
It seems that there may be some contradictory clauses in the CPO warranty document.
Last edited by LAZARU5; Jan 1, 2025 at 08:44 PM.
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
MBWorld Fanatic!
Joined: Oct 2002
Posts: 4,976
Likes: 1,345
From: Cincinnati
2010 E350 4Matic
My statement that the air suspension was NOT covered by the CPO warranty was based upon my personal experience with a failed air suspension strut in a CPO GL450 SUV as well as this text that is in the same warranty document as the paragraph you referenced.
Service and Warranty Mercedes-Benz Certified Pre-Owned Limited Warranty — Exclusions
Items Excluded From This Warranty
1. Vehicle batteries
2. Shock Absorbers/Suspension Struts
3. Phone
4. Soft top, including: • Fabric top • Rear glass/plastic window • Headliner
5. Glass
6. Vehicle paint and trim
7. Damage caused by outside influences: Resultant Damage from factors such as: • Fuel • Fluid contamination • Improper fuel usage • Improper adjustments • Corrosion and algae
8. Damage due to accidents, fraud, negligence, misuse, improper adjustments, modification, alterations, disconnection, or tampering. Damage due to accidents or acts of nature of other events beyond the control of MBUSA; damage from objects striking the vehicle. Misuse of the vehicle, such as, but not limited to: • Driving over curbs • Overloading • Improper operation • Operating without regard to vehicle warning lights • Storage or transport (Proper vehicle use is described in the Operator’s Manual.)
9. Damage due to lack of maintenance or lack of proper maintenance or failure to use specified maintenance parts and fluids as described or indicated in the vehicle’s Service Booklet.
10. Normal maintenance such as: • Cleaning and polishing • Lubrication and filter changes as specified • Engine tune-up • Wiper blades • Replacement of worn brake pads and discs Refer to the Service Booklet for details.
11. Damage due to alterations (changes or additions) to the vehicle that adversely affect its performance, reliability, and longevity.
12. Damage Caused By Other Than Original Equipment Parts: Any malfunctions caused by the use of other than Mercedes-Benz original equipment or Mercedes-Benz approved spare parts or accessories.
It seems that there may be some contradictory clauses in the CPO warranty document.
Service and Warranty Mercedes-Benz Certified Pre-Owned Limited Warranty — Exclusions
Items Excluded From This Warranty
1. Vehicle batteries
2. Shock Absorbers/Suspension Struts
3. Phone
4. Soft top, including: • Fabric top • Rear glass/plastic window • Headliner
5. Glass
6. Vehicle paint and trim
7. Damage caused by outside influences: Resultant Damage from factors such as: • Fuel • Fluid contamination • Improper fuel usage • Improper adjustments • Corrosion and algae
8. Damage due to accidents, fraud, negligence, misuse, improper adjustments, modification, alterations, disconnection, or tampering. Damage due to accidents or acts of nature of other events beyond the control of MBUSA; damage from objects striking the vehicle. Misuse of the vehicle, such as, but not limited to: • Driving over curbs • Overloading • Improper operation • Operating without regard to vehicle warning lights • Storage or transport (Proper vehicle use is described in the Operator’s Manual.)
9. Damage due to lack of maintenance or lack of proper maintenance or failure to use specified maintenance parts and fluids as described or indicated in the vehicle’s Service Booklet.
10. Normal maintenance such as: • Cleaning and polishing • Lubrication and filter changes as specified • Engine tune-up • Wiper blades • Replacement of worn brake pads and discs Refer to the Service Booklet for details.
11. Damage due to alterations (changes or additions) to the vehicle that adversely affect its performance, reliability, and longevity.
12. Damage Caused By Other Than Original Equipment Parts: Any malfunctions caused by the use of other than Mercedes-Benz original equipment or Mercedes-Benz approved spare parts or accessories.
It seems that there may be some contradictory clauses in the CPO warranty document.
Last edited by MBNUT1; Jan 2, 2025 at 08:41 AM.
MBWorld Fanatic!
Joined: Jun 2010
Posts: 2,757
Likes: 957
From: Atlanta
2022 Mercedes EQS 580
The answer to this question is excess supply insufficient demand.
Why is there excess supply - Mercedes was a bit too exuberant with regards to how many EVs it could sell.
Why is demand insufficient - various factors:
Why is there excess supply - Mercedes was a bit too exuberant with regards to how many EVs it could sell.
Why is demand insufficient - various factors:
- Aesthetics don't appeal to enough people at this price point. This is why they brought in the S-class grille and hood star for 2025. A more boxy shape will be needed too.
- Cheapish interior. The use of Neoprene instead of leather on the dashboard is a turn off for many at this price point. Mercedes thought they could save money because Tesla interiors are cheap, but they aren't competing against Tesla, they are competing against other luxury ICE cars.
- Concerns about battery life - which are largely due to lack of education on the part of the average car buyer. Mercedes should have offset this with a 12 year battery warranty and priced it into the car.
- Doesn't make sense for anyone to "buy" this car so only leasers will take one. This is because of the history of rapid depreciation.
MBWorld Fanatic!
Joined: May 2005
Posts: 1,439
Likes: 540
From: Philadelphia, PA (USA)
2025 E53 Hybrid
Member
Joined: Apr 2023
Posts: 76
Likes: 35
2022 EQS 450+, 2020 BMW i3, 2017 BMW 328d
Super Member
Joined: Aug 2022
Posts: 792
Likes: 86
GLC EQB GLS C300 convertible
Add damaged pins on the charger receptacle. This would be a $6-$7K job at the dealer and not covered by any warranty since it's outside influence.
