My dealership is offering a one-pay lease of $57K for an 2024 AMG EQS (MSRP $150K) with 12,000 miles/year for 3 years, as I don’t qualify for monthly leasing terms. Alternatively, I’m looking at purchasing a used 2022 EQS 580 10k miles for $65K.
Given the significant MSRP of the AMG, does the one-pay lease make more sense, or would the used EQS 580 be the better option for long-term value? I’d love some advice from those familiar with these models!
Those options both sound horrible.
The thought of writing a check for $57k for a lease on an EQS makes me nauseous, as does the thought of financing a 3 year old one that will be out from under warranty soon. I’ve never heard “used EQS” and “long term value” used in the same sentence.
If you’re dead set on an EQS then I’d go the new route, but definitely not with that nonsense. Lots of MB brokers on here, see what they’re offering.
How does one not qualify for a monthly lease but can qualify a one-pay of $57K? That makes no sense to me.
Welcome to the site! I’d recommend you spend some time researching the EQ line here. Start with the monster EQS thread part 2. No one here would ever recommend buying a used EV, and to pay $57k to lease this car is absurd.
One of the best hackers here got one of those for a $7,200 one pay. Not likely you can do the same, but it highlights the vast gulf between what you’re considering and what the savviest people can do. You’ll want to get as close to that other number as possible, and you can learn that know-how here. It won’t be easy but it’ll be worth it.
I would also like to know.
@Mike567567 - Did the dealer give you an explanation? Are you on a temporary visa?
Although it might seem like a deal, do not buy a used EQS.
Lease a 580 loaner or new from the Marketplace
This thread doesn’t need me, it needs @BENZORNOTHING
Lots of used EQS hate here, but it’s a good option for a balloon loan with return rider. You can always extend the warranty via the MB ELW program. Biggest issue going this route is you are paying tax on the full purchase price, which is probably non-trivial.
Make no sense to me too, they told me the reason was because i had no previous auto loan record so i wasn’t approved for monthly leases.
IMO, if he can’t get approved for a closed end lease without closing it all at signing with a one-pay, he won’t get approved for an open end lease balloon.
Thank YOU! In my professional opinion. Never buy, even used.
We can use so many examples , but EVs will go lower and lower, look at Taycan.
I do suggest the AMG one pay, or even a EQS580 Onepay. There are more dealers that have a EQS580.
But if you like the EQSAMG, then that is an amazing offer
If you have good credit (720+) and a stable income, I would suggest financing something cheaper (like a new Honda or Toyota). It will help you build an auto-laon history.
I was in the process of finalizing a lease for an AMG EQS with Edward, who informed me on Tuesday that the lease was approved and the paperwork was ready for signing. However, I have not heard back from him since then, and there has been no further communication.
I paid $12K one pay lease for same car. Don’t do this deal
for the amg eqs?
I also paid $7000 for a one pay on a 580
You probably won’t get close to these numbers but even paying double what I paid is possible
Message @EVKingsPlus @oarfish18 @BENZORNOTHING
I am sorry. I thought our finance manager gave you a call.
Sorry, we are both new to this dealership. I will be sure that you will get a call. I apologize— it’s been done and Edward and I have been working hard to get your deal completed. Sorry to put this out publicly
I was in same boat. I have too many auto loans and only let me do one pay
