Hey folks, I’m stuck choosing between a used Mercedes EQE and EQS. Both have similar mileage and features, and the prices are almost the same. My main concern is how fast these cars will lose value in the coming years.
Both have already dropped around 50% in value, so I wonder if that was the worst of it. Any thoughts or advice on which one will keep its value better would be appreciated!
If the price is similar, I’d go with the EQS. When new, the EQS is priced way higher than the EQE, usually by 20-40k. It’s also a bit more comfortable and luxurious, while the EQE is more driver-focused. Test both and see which one fits your style better!
The EV market in general is a bit shaky right now, and Mercedes hasn’t been spared. But newer models like these should hold value a bit better because they’ve improved on things that matter to buyers. However, expect depreciation to be slower over time.
SUVs tend to keep their value better, but honestly, I think depreciation will slow down soon. It also depends on where you are. In some places, the EQS might lose value faster, while in others, it’ll hold steady.
The big surprise with EVs like these is they don’t have the crazy maintenance costs like gas-powered German cars. As long as you rotate tires, check fluids, and take care of minor things, you can expect them to last a long time.
If depreciation is your biggest concern, I’d definitely recommend buying used. You don’t know how well the car was treated before, but you avoid that big hit on value.
As for which one holds value better, if you want something that barely loses value, you’d need to buy a rare Porsche 911 and never drive it! Otherwise, it’s always a guessing game with luxury cars.
@Uma
I agree with you. I’d only buy a used model if I go for an electric car. Something with about 20,000 kilometers on it would be ideal. What do you think about how these cars will depreciate in the next couple of years?
@Greer
With the new EQS already having better batteries, and the EQE set for a refresh next year, depreciation will hit both of them. The thing is, they are so similar in tech. The EQS is just bigger, but both are solid cars. Pick the one that feels right when you drive it and live with it.
Has anyone mentioned leasing? Why not lease instead? You can find great deals on certified pre-owned (CPO) EQ models, and then you don’t have to stress about depreciation. EVs will keep losing value for a while, so leasing might be a good option.
@Sky
Wait, you can lease a used EQ? How does that work? I thought they only leased new cars.
Hero said:
@Sky
Wait, you can lease a used EQ? How does that work? I thought they only leased new cars.
Yes, some dealers lease CPO vehicles. They need to have under a certain mileage, like 10,000 km, and the dealership has to certify them. It’s mainly ex-loaners and cars that were used as demos. It’s worth asking about!
People keep talking about the SUV, but don’t forget the EQE is pretty long itself. It’s longer than the older E-class by about 25 cm, and the EQS is the same distance longer than that. It’s something to think about if parking or space is a concern.