$105K Mercedes EQS Leased for $497/Month, $1,125 + MSD DAS
In this trending conversation, Leasehackr member @HersheySweet shares a one-off unicorn of a deal negotiated on a 2022 Mercedes-Benz EQS 450+ ex-loaner:
This is very much not replicable. This was the last EQS my dealer had, and I’m sure a few brokers will get a message asking about a replication, feel free to ask questions to me but unless you have a car you have found, it’s not going to be easy. I could have made this even cheaper if I had an EV or hybrid in the household, or by extending to a 36 or 39 (cheapest) month flex term. Additional rebate from new credit card signing bonus valued at $1400 in travel plus cashback on MSDs. There is minimal inventory and minimal dealers are willing to play ball.
Shout out to @amatot for “Keeping his mouth shut” while attempting to replicate for him :), and @senwia for suggesting flex terms on 27 months which didn’t work out (dropped this month, oops_)(whew!). Sorry to steal the thunder from @Dany1122.
On that note, officially the last car I’ll hack as a teenager | Deposit is in, dad picks up Saturday.
MSRP: $105,500
Selling Price: $79,900
Monthly Payment: $497+tax ($541.78)
Drive-Off Amount: $1124
Months: 24
Annual Mileage: 12,000
MF: 0.00184 - 0.00114 post MSDs
MSD: $6500
Residual: 63% (8500 mile RV adjustment to 62.xx%)
Incentives: 7500 Fed EV as lease cas, 2500 dealer cash included in the discount
Region: PA
Leasehackr Score: 17.6 (higher including CC rebates)
While this is by far the best EQS lease deal we’ve seen (followed by this $749/month deal from @Dany1122 in second place) and is unlikely to be replicable, it does point to the large discounts some Mercedes-Benz dealers are offering to move EQS inventory, especially on aged or demo units.
Much to Mercedes-Benz’s disappointment, the egg-shaped EQS luxury sedan has not been well-received in the marketplace, which is most apparent in the vehicle’s poor wholesale performance in the secondary market — one-year-old examples are selling for approximately 66% of MSRP at auction.
If you’re in the market for an EQS Sedan, we definitely suggest leasing instead of buying — first, to take advantage of the $7,500 lease credit not available on a purchase, and secondly, to let Mercedes-Benz Financial Services take on the risk (and considerable expense) of depreciation.