Happy to sell these all day at $70K if anybody wants one. Shipping included.
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You can totally see why MB switched to 13 month deals on these. The 24 month deals are gonna kill them on returns.
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The initial depreciation is the worst. 13m will be probably be a bigger loss for FS than 24m
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You were right, the final figures were correct but fees were not. I revised it to include the acquisition fee. Hope this is better
it was $1095. i updated link
Technically that link isn’t a valid lease structure. The Depreciation is negative each month. And having dealt with BMWFS and MBFS on this issue recently they absolutely will not form a lease with negative depreciation.
I think there’s a difference between someone leasing and someone buying the vehicle for $70k or whatever. There is 0% chance I’m buying out this EQS450 (I mean CQS450) even if Selenite Grey Magno is such a badazz color heh. The 74% 13-month resid they’re setting is way too high as you’ve noted. But that just means the lease is the better financing option… not that the car isn’t worth it.
In a year when my car is turned in, for sure they’re going to have a tough time finding buyers at $70k all day. I agree, someone who paid $120k for a EQS450 is in for a rude awakening if they try to exit the vehicle in 2023 or 2024. But that’s why we’re all here leasing instead of buying lol.
The ~$10k annum leases on a EQS450 are very attractive for the level of vehicle that the leasee gets to use. Compare that with the ~$9k per annum i4 eDrive deals advertised on LH… the two vehicles are huge levels apart. IMO both cars are hideous on the outside; but the best part is when you drive a car you sit inside. I don’t know what the German design teams are doing.
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I’m not sure what i’m doing wrong here. it’s got to be some misc fees or something that i am putting into the wrong section but the final numbers are what is being paid.
So how does Mercedes-Benz end this cycle of plummeting value? Is it something they can even control?
Can I buy new EQS for 70K anywhere? I have a cash buyer if you have one for sale.
A few dealerships around the country are willing to do 20% off before incentives. With 12.5k incentives you will get a selling price in the $70k range. Lease it then buy it out.
I’d assume buyers of this car in their right mind don’t qualify for any incentives. My lease is $650 pretax, zero down and residual is $74K, and this will be underwater lease for buying out
I call $70K for brand new EQS wishful thinking or a unicorn deal. Similarly, you can sure find 2022 s class with $120K MSRP selling for $80K at CarGurus. Does it mean it’s a $80K car? Of course not. It is $120k car with accelerated depreciation. And you are getting it new, not used.
Does 0 miles and 3000 miles filled with farts really make a big difference?
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It’s doesn’t. My point is that EQS is a $100k+ car, for the same reason as why S-Class is. People in this thread making argument that if a used car costs $80k then $800/month for leasing it new is a bad deal. F no, it’s an excellent deal for a luxury car like EQS. Bad deal was 2021 when people paid double the price for Bronco.
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What do u mean underwater lease for buying out?
This means the car would be worth less than the buyout at the end of the lease. In a sense, it would make none to keep it.
Congratulations, great deal! Enjoy the car!!
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Tips:
Mercedes Fort Mitchell- 450+ loaners good deals for locals
Mercedes Knoxville - will ship out of state at good selection of 200 day loaners
Mercedes clearwater- good selection of 450 SUVs and EQEs loaners/demo
Mercedes creve Coeur - good selection of 580 loaners
Mercedes Stevens Creek - 3-4 new cars over 22% off. Some 580 SUVs 21% off. Sign up for an account and you can see e-price.
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Yeah I’m kind of disappointed the mods seem fine with this thread being a place for people to judge other LH-ers deals. Or judge the cars being leased.
I thought there was a general LH premise that if someone is asking for advice folks could recommend a way to negotiate a better outcome. But after a deal is signed, it doesn’t do anyone any good to crap on the lease deals others already signed.
IMO $850 a month for a car as well equipped inside (and cheap fuel!) as an EQS is a great bargain. Thanks to the federal taxpayers!
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The whole general LH premise is to learn how to be as effective at getting a good lease as possible. Critiquing deals is 100% part of that. It absolutely does a lot of people good to have a solid foundation of reviewed deals to reference and learn from. If one only has their own deals to learn from, they’re studying a very small dataset.
Further, what is a “good lease” has a lot more than goes into it than just what the msrp is. Looking at the actual value offered is a big part of that.
Now, that doesn’t mean one has to be a dick while critiquing a deal, but critique of signed deals should absolutely be encouraged in my opinion.
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