Fancy driving around in a brand-new Mercedes-Benz EQS for less than $500 a month? Well, if you’re lucky, you might be able to pick up the keys to the luxurious EV for a price that simply defies all logic.
A member of the Leasehacker community was recently able to pick up the keys to a new Mercedes-Benz EQS for just $497 per month for 24 months. At the time, many other members of the community thought it would be impossible for them to replicate such an impressive deal. However, various other members have been able to score some very affordable leasing deals for the EV, including one member who is paying just $445 a month.
Picking up the keys to an EQS for such a cheap price isn’t easy, however, and requires following a series of steps and even then, you may not be able to find a dealership willing to play ball.
First, Leasehacker says it is important to agree on a discounted selling price before incentives. Next, you will need to ensure you are eligible for as many incentives as possible, including the $7,500 federal EV tax credit, the $1,500 conquest incentive for current EV and PHEV owners, and a possible $3,500 Affinity credit through Navy Federal/Sams Club. Those not eligible for this $3,500 incentive can receive a $2,500 rebate instead.
Read: Mercedes Must Recall 3 EQS Sedans To Keep The Rearview Mirror From Falling Off
Keen shoppers then need to make sure they are aware of the base money factor and are able to make a one-pay lease or multiple security deposits to reduce the money factor. One of the members also noted that as part of the $497/month deal he got, he is capped at just 8,500 miles per year.
One member notes that many Mercedes-Benz dealerships are offering large discounts on aged and demo examples of the EQS. He notes the German electric sedan hasn’t proven to be as popular as the German marque would have hoped, stating that one-year-old examples are already selling for around 66% of their MSRP at auction.
