Plummeting EV value is the least of my worries if you want to ride this car for 8 years. Even ice car will have little value left by 8 years.
Totally agree,
I signed this because I thought itâs worth it, and I want to keep it for at least 8 years, with the coverage of GAP insurance in the first few years.
The plummeting EV value is whatâs panicking me, many with only 3-4k miles.
Now I know that getting a pre-owned would be a much better deal for me.
Thanks for your help.
I think the problem is he signed this in March 2023. Back then the EQS Superthread was pretty new and it was a novel revelation that something was going on with the field stock of EQS across North America prompting some really aggressive incentives from corporate to flush the inventory.
I mean, look at the EQS superthread dated back that far. Itâs not like there was a huge slate of EQ offers in the LH marketplace. Hackers were still struggling to find an awesome deal (way more struggle than today).
So yeah, someone taking a full MSRP less EV $7,500 offer may have actually been somewhat ânormalâ for the market conditions at that time. Especially in Grapevine, TX.
Iâm thinking this deal is just a reminder to all of us how far the new car market has come in 12 months; especially around the EQS.
I would wager if you found someone with an Audi RS Etron lease or Taycan lease that originated in March 2023, itâll also be a shocking monthly with massive MF markups.
Agree,
But I thought at least itâd be spread out, with no gasoline and maintenance cost not as high as ICE cars.
Yeah, I think thatâs about the time that Audi knocked back max markup down to 40bps from 125bps.
Iâm still new to this myself, but the current depreciation levels donât matter, right?
I mean the depreciation cost is already by the lease contract, so the value could go to 0 and it wouldnât matter, right? You just walk away at the end if itâs not worth buying then, no?
The problem is youâre continuing to pay an absurdly high money factor on the entire financed value of the vehicle (which is very high). If you finish this lease itâs basically paying like 9% on $166k of debt for 24 months. Itâs almost $1,000 a month of ârent chargeâ or interest.
Yeah, thanks.
My wife had an accident and totaled her X4.
Thatâs why we were so concern of getting such an expensive car without the GAP coverage, hence why we leased it.
I shouldâve walked away, but when we signed it, we thought of keeping it long term, at least 8 to 10 years.
But if he buys out the lease then he does have to worry about escalating potential depreciation, no?
Whatâs the value of the EQS on the used market now?
Check your paid off amount, get a used car loan to pay it off so you donât get stuck with high MF lease youâre currently paying. You can get a gap insurance policy separately.
I do love the car and it has no issues.
Just the EV plummeting, making me question whether itâs worth it to keep it.
Thanks for the idea, Iâll check whatâs the buy out for it.
He said it many times he wants to keep this car for 8 years. For 8 years, depreciation wonât matter anymore, even ICE car lose most of its value by 8 years. If I have to pay 100k total lease cost, I might as well buy it off and keep it until all the depreciation is done.
Yknow, you can buy gap coverage on a financed car.
For that price⌠Iâd have gotten a G-wagon⌠but thatâs just me.
Looks like it was just first adopter pricing when you got it. Enjoy the car as much as you can 
This cant be real⌠but if it is⌠OP what was the market adjustment on the MSRP you agreed to pay?
Surprised it took so long for someone to finally point this out. Live and learn for next time, OP. You at least like the car. There are people stuck with shitty payments on cars they hate.
Will do.
Thanks again!
True,
It just came out and we instantly loved it.
I think the bad review of its shape and EV reputation created a toxic combination.
Yup, live and let live.
I love the car and should just enjoy it; I need to stop looking on the internet on its (decreasing) market value.
I believe they said: since itâs a totally new and hot car, they had to âobtainâ it from another dealership.
Or something like that.
Fool me onceâŚ