Table Of Contents
Mercedes-Benz EQC Lease Overview
Mercedes-Benz EQC Production and Future
Financial Considerations for EQC Lease
Preparing for EQC Lease End
FAQ
As the Mercedes-Benz EQC lease period draws to a close, lessees are faced with several decisions and options. This comprehensive guide aims to navigate through the intricacies of lease end processes, financial considerations, and future prospects for Mercedes-Benz's electric SUV lineup. Whether you're contemplating the return process, pondering a purchase, or simply curious about what's next for the EQC, this article provides essential insights and updates.
TLDR
- Explore current lease offers, incentives, and special rates for the Mercedes-Benz EQC.
- Understand the lease end options, fees, and the return process for a smooth transition.
- Gain insights into the EQC's production updates, discontinuation, and future electric SUV plans from Mercedes-Benz.
- Learn about financial considerations, including dealer contributions, acquisition fees, and certified pre-owned finance offers.
Financial Considerations at Lease End
As the lease term for your Mercedes-Benz EQC approaches its conclusion, understanding the financial landscape becomes paramount. This segment delves into the pivotal financial considerations, ensuring lessees are well-equipped to make informed decisions. From dealer contributions to acquisition fees, and the allure of certified pre-owned finance offers, we unravel the fiscal intricacies awaiting at lease end.
-
Dealer Contributions and Incentives: Dealerships often provide enticing contributions and incentives to encourage lessees to either purchase their leased vehicle or lease another Mercedes-Benz model. These contributions can significantly reduce the overall cost, making it a financially viable option for many. It's advisable to inquire directly with your dealership about current offers as they frequently change.
-
Acquisition Fees: Typically, if you decide to purchase your leased EQC, an acquisition fee may be applied. This fee covers the cost of processing the purchase option and varies by dealership. Understanding this fee upfront can prevent any surprises during the financial settlement.
-
Certified Pre-Owned Finance Offers: For those considering transitioning into a certified pre-owned (CPO) Mercedes-Benz EQC, attractive finance offers are often available. These CPO vehicles undergo rigorous inspections and come with a manufacturer's warranty, offering peace of mind alongside financial benefits. Current finance rates and offers can be found on the Mercedes-Benz website or by contacting your local dealer.
"Exploring all financial avenues and understanding the implications of each decision is crucial as you approach the end of your EQC lease. Our goal is to ensure a seamless transition, whether you're returning, purchasing, or exploring other Mercedes-Benz electric SUVs," states a Mercedes-Benz financial advisor.
By meticulously evaluating these financial considerations, lessees can navigate the lease-end process with confidence, ensuring a decision that aligns with their personal and financial circumstances.
Mercedes-Benz EQC Lease Overview
Current Lease Offers and Incentives
General Lease Offers
If your Mercedes-Benz EQC lease is wrapping up, you'll want to peek at the latest lease offers and incentives. Mercedes-Benz often rolls out sweet deals, like bonus cash on select models, which can seriously slash your monthly payments on a new lease.
Right now, Mercedes-Benz is dishing out $7,500 Lease Bonus Cash on some EQ models if you lease through Mercedes-Benz Financial Services (MBFS). This deal does need MBFS credit approval and might change based on the deal's structure. There are some exclusions, so it's a smart move to chat with your Mercedes-Benz dealer for the nitty-gritty. This offer is on the table until April 1, 2024, so you've got time to weigh your options (MBUSA Special Offers).
Here's a quick look at what's cooking:
| Model | Lease Offer | Expiry Date |
|---|---|---|
| Select EQ Models | $7,500 Lease Bonus Cash | April 1, 2024 |
These incentives can make jumping into a new Mercedes-Benz a no-brainer. Make sure to hash it out with your dealer to see how these offers can fit into your situation and explore all your options as your lease winds down.
Special Lease Rates and Pricing Details
Digging into the current lease offers and incentives is a smart play as you mull over what to do post-EQC lease. Mercedes-Benz often has special lease rates and pricing details that might not be front and center on their website. For example, there's a $7,500 Lease Bonus Cash on the table for select EQ models leased through MBFS. But remember, this isn't a pre-approval situation; MBFS credit approval is a must (MBUSA).
The way Lease Bonus Cash fits into your deal can vary, and there are exclusions to keep in mind. It's best to have a sit-down with your Mercedes-Benz dealer for tailored info. And heads up, the special lease rates might not always match up with the lease calculator prices on the MBUSA website, so getting the final pricing from your dealer is key (MBUSA).
Staying in the loop on these incentives and having a chat with your dealer can help you nail down better terms for your new lease or make a more informed decision about your lease-end options.
Lease End Options and Fees
As your Mercedes-Benz EQC lease nears its end, you've got a few paths you can take. You can return the vehicle, buy it out, or jump into another Mercedes-Benz lease. If you're leaning towards returning your EQC, be mindful of potential fees and the process involved.
First off, consider scheduling a complimentary pre-inspection with an independent third-party inspection company. This can spotlight any excess wear and use, giving you a chance to fix things up and dodge extra charges. If you're eyeing another Mercedes-Benz, you might snag up to $500 credit for excess wear and use, and a credit for the vehicle turn-in fee, up to $595 (MBUSA).
When return day rolls around, make sure you've got all the essentials like both sets of keys, and any original equipment you removed during your lease. Hit up your dealer to schedule the vehicle return. Keep in mind, you'll need to cover any official fees and taxes tied to the scheduled termination, excess wear and use at $0.25/mile over 30,000 miles, and a $595 vehicle turn-in fee (MBUSA Special Offers).
Opting for a new Mercedes-Benz lease or purchase can come with financial perks, like loyalty credits, smoothing out the transition and keeping more cash in your pocket. Always best to have a pow-wow with your dealer or Mercedes-Benz Financial Services to land on the best decision for your situation.
Mercedes-Benz EQC Production and Future
Production Updates
EQC Discontinuation and Sales Performance
The Mercedes-Benz EQC, the brand's first electric SUV, is wrapping up production in May 2023, as CarExpert spilled the beans. This move isn't too surprising, given the EQC's struggle to light up the sales charts. In Germany, its best year only saw 3,825 units sold, and across Europe, it couldn't keep up with the Audi e-tron. The EQC never even made it to the USA, one of Mercedes-Benz's biggest playgrounds, after plans for its launch got axed.
Down under in Australia, the EQC managed to find 760 homes since its late 2019 debut, edging out rivals like the Audi e-tron and Jaguar I-Pace in 2020. But even with that win, it's clear the EQC had a tough time making waves. Its curtain call signals Mercedes-Benz's pivot towards electric vehicles designed from the ground up, leaving the EQC, which was built on a traditional internal combustion engine platform, in the rearview mirror.
| Vehicle | Sales in Germany (Best Year) | Sales in Australia (Total) | Introduced in the USA? |
|---|---|---|---|
| Mercedes-Benz EQC | 3,825 | 760 | No |
| Audi e-tron | Outsold EQC | 108 (2020) | Yes |
This table lays out the competitive scene and how the EQC fared, showing it had its work cut out from the get-go.
Future Electric SUV Plans
EQC Replacement and Upcoming Models
With the Mercedes-Benz EQC bowing out in 2023, everyone's wondering what Mercedes-Benz has up its sleeve for the electric SUV market. Though the first-gen EQC rode on the GLC's coattails, its exit leaves us guessing about its successor. Rumor has it, a new EQC is in the cards, especially with electric SUVs becoming the go-to for luxury brands (CarExpert). But with the new MB.EA electric vehicle platform not hitting the scene until 2025, details on what's next are still up in the air.
In the meantime, Mercedes-Benz isn't hitting the brakes on electric. The brand rolled out the EQA and EQB models, which, despite their ICE roots, are key players in Mercedes-Benz's electric playbook. Plus, with the debut of the swanky EQS SUV and the upcoming EQE SUV, both riding on a dedicated Electric Vehicle Architecture, Mercedes-Benz is all in on electrifying its lineup.
For those eyeing a Mercedes-Benz electric SUV lease, this transition period is like a buffet of choices. From the outgoing EQC to fresh faces like the EQA, EQB, and the plush EQS SUV, there's something for everyone, keeping Mercedes-Benz in the electric game.
Financial Considerations for EQC Lease
Lease Pricing Details
Dealer Contributions
If you're eyeing a Mercedes-Benz electric vehicle lease, you gotta check out the dealer contributions. Mercedes-Benz is throwing in a $7,500 Lease Bonus Cash for some EQ models if you go through Mercedes-Benz Financial Services (MBUSA). This deal can seriously slash your monthly payments and the total lease cost.
Breaking Down the Fees
Let's dive into what your lease might look like, especially with those pesky acquisition fees. Say you're leasing a 2023 EQS 450 4MATIC SUV. You're looking at $999/mo for 36 months, with an upfront payment that includes a $795 acquisition fee (MBUSA). This fee is pretty standard in the leasing game and covers the lease processing cost. Here's a quick look:
| Model | Monthly Payment | Acquisition Fee | Initial Payment Components |
|---|---|---|---|
| 2023 EQS 450 4MATIC SUV | $999 | $795 | $999 First month's payment, $7,649 Capitalized cost reduction, $795 Acquisition fee |
| 2023 EQE 500 4MATIC Sedan | $799 | $795 | $799 First month's payment, $6,419 Capitalized cost reduction, $795 Acquisition fee |
| 2024 EQS 450+ Sedan | $1,249 | $795 | $1,249 First month's payment, $7,619 Capitalized cost reduction, $795 Acquisition fee |
While the monthly payments and down payments change depending on the model, that acquisition fee doesn’t budge. It’s a fixed cost, but remember, those dealer contributions can really help offset it.
Thinking about what’s next after your Mercedes-Benz EQC lease wraps up? Peeping the Certified Pre-Owned (CPO) finance offers is a smart move. Mercedes-Benz often rolls out Special APR Financing Rates for CPO vehicles, making it a sweet deal for anyone looking to stick with the brand without forking over the cash for a brand-new ride.
One of the killer offers from Mercedes-Benz Financial Services is the $7,500 Lease Bonus Cash for some EQ models, including the EQC, for those leasing through MBFS. This perk can make a big difference in the affordability of leasing another vehicle after your current lease is up. For the nitty-gritty on current deals, hitting up the official Mercedes-Benz special offers page is your best bet.
| Offer | Details |
|---|---|
| Special APR Financing Rates | Makes jumping from a lease to ownership easier on the wallet for Certified Pre-Owned vehicles. |
| $7,500 Lease Bonus Cash | Aimed at select eligible EQ models, including the EQC, leased through MBFS. |
Keep in mind, these deals depend on credit approval and can change, so chatting with your dealer to snag the best deal for your situation is key. Moving from a lease to a CPO vehicle can be a smooth transition, letting you keep enjoying the Mercedes-Benz luxury with a more wallet-friendly setup.
Preparing for EQC Lease End
Lease Return Process
What You Need to Know When Your Lease Ends
As the end of your Mercedes-Benz EQC lease draws near, you've got a few decisions on your plate. Let's break it down, starting about four months out from your lease's maturity date. Here's the lowdown on your options and what to expect:
-
Get Your Vehicle Checked Out: First things first, hit up a complimentary pre-inspection with an independent third-party. They'll check your ride from top to bottom, and you can set it up wherever works for you. For the nitty-gritty, swing by Mercedes-Benz Financial Services.
-
Figure Out Your Next Move: When it's crunch time, you've got a couple of roads you can go down:
- Hand Over the Keys: Ready for something new or just wanna return your EQC? Your dealer's got your back to make things smooth and can show you the latest models if you're thinking about another lease.
- Keep Your Ride: If your EQC has become more than just a car to you, buying it is always an option. Give your dealer a shout or ring up Mercedes-Benz Financial Services at 800-873-5471 to get the ball rolling.
-
Perks for Sticking Around: Mercedes-Benz digs loyalty. If you're jumping into another Mercedes-Benz lease or purchase after you return your old one, they'll hook you up with up to $500 off on any excess wear and tear charges and waive the vehicle turn-in fee up to $595. It's their way of saying "thanks" for sticking with the fam.
Communication is key, so make sure to chat with your dealer or Mercedes-Benz Financial Services to pick the path that's right for you and get the scoop on any costs that might pop up during your lease return.
Lease Return Process
Checking Your Ride for Wear and Tear
When it's time to say goodbye to your Mercedes-Benz EQC, you'll want to make sure it's in tip-top shape to avoid any surprise fees. Mercedes-Benz has this cool thing called The Credit Card Test®, which is pretty much what it sounds like. If damage doesn't fit under a credit card, you're probably in the clear. But if your EQC has taken a few too many hits, it's a good idea to get those fixed up at an authorized Mercedes-Benz dealer before you return it.
And hey, if you're sticking with Mercedes-Benz for your next ride, they'll throw in up to $500 to cover any of those wear and tear charges and waive the turn-in fee up to $595. It's their way of rolling out the red carpet for loyal customers. For all the details on checking your vehicle and understanding potential fees, Mercedes-Benz Financial Services has got you covered.
FAQ
What lease incentives are currently available for Mercedes-Benz EQ models?
Mercedes-Benz is offering $7,500 Lease Bonus Cash for select EQ models if you lease through Mercedes-Benz Financial Services. This offer is valid until April 1, 2024, but requires MBFS credit approval and may have exclusions.
Can I get a pre-inspection before my Mercedes-Benz EQC lease ends?
Yes, you can schedule a complimentary pre-inspection with an independent third-party inspection company. This helps identify any excess wear and use, giving you the opportunity to address issues before returning your vehicle.
What are my options at the end of my Mercedes-Benz EQC lease?
At the end of your EQC lease, you can return the vehicle, buy it out, or lease another Mercedes-Benz. If you choose to return it, be aware of potential fees for excess wear and use, mileage overage, and a vehicle turn-in fee.
Are there any loyalty perks for sticking with Mercedes-Benz after my lease ends?
Yes, Mercedes-Benz offers up to $500 credit for excess wear and use and a credit for the vehicle turn-in fee, up to $595, if you lease or purchase another Mercedes-Benz after returning your leased vehicle.
What should I do to prepare my Mercedes-Benz EQC for lease return?
Ensure your EQC is in good condition to avoid extra charges. Consider getting any damage repaired at an authorized Mercedes-Benz dealer and make sure you return all original equipment, including both sets of keys.
How does the $7,500 Lease Bonus Cash affect my lease?
The $7,500 Lease Bonus Cash can significantly reduce your monthly payments and the total lease cost for eligible EQ models. However, the exact impact depends on the lease terms and requires MBFS credit approval.
What fees should I expect when leasing a new Mercedes-Benz electric vehicle?
When leasing a new Mercedes-Benz electric vehicle, expect to pay an acquisition fee, which is typically around $795. This fee covers the cost of processing the lease. Monthly payments and down payments vary by model.
Is the Mercedes-Benz EQC being discontinued?
Yes, production of the Mercedes-Benz EQC is ending in May 2023. Despite its initial promise, the EQC struggled in sales compared to competitors and never launched in the USA.
What future electric SUV plans does Mercedes-Benz have?
Mercedes-Benz is focusing on electric vehicles designed from the ground up, with the EQA, EQB, EQS SUV, and the upcoming EQE SUV being key players in their electric lineup. A new EQC model might be in the works, but details are pending the new MB.EA electric vehicle platform expected in 2025.
How can I finance a Certified Pre-Owned (CPO) Mercedes-Benz after my lease ends?
Mercedes-Benz Financial Services offers Special APR Financing Rates for CPO vehicles, making it easier to transition from leasing to owning. Check the official Mercedes-Benz special offers page for the latest deals.
