Mercedes-Benz Slashes Prices on 2023 EVs, Offers Up to $20,000 Discounts

2023 Mercedes-Benz EQS models see steep discounts in a major inventory clear-out.

Saturday, March 30, 2024 6:48 AM UTC

In a bold move to clear inventory, Mercedes-Benz offers unprecedented discounts on its 2023 electric vehicle (EV) models, with savings of up to $20,000. The luxury automaker's aggressive pricing strategy aims to make room for the upcoming refreshed EQS sedan, aligning Mercedes-Benz with other automakers in a competitive push to enhance EV accessibility and adoption rates.

Mercedes Rolls Out Major Discounts on 2023 EQS Models Ahead of Refresh Launch

Mercedes will launch the EQS electric sedan in the United States in the fall of 2021. The following August, it began production of the EQS SUV and batteries at its Alabama plant in Tuscaloosa.

Old models are being cleared out with plans to launch a refreshed EQS sedan later this year.

According to a recent dealer note, 2023 Mercedes EQS EV models could receive discounts of up to $20,000 off MSRP. However, you may need to act quickly because the deal is only valid until April 1st, and vehicles sell out quickly.

On its website, 2023 EQS models are advertised with a $7,500 lease bonus cash incentive. However, in the fine print, Mercedes states that the offer includes a $9,699 dealer contribution. According to CarsDirect, this could cost up to $10,000.

Mercedes is offering this deal on the EQS SUV and sedan models. It's beneficial when purchasing or leasing.

Mercedes Launches Substantial Cash Incentives for AMG EQS Sedan, Discounts Up to $20,000

According to CarsDirect, Mercedes offers a new "Full-Court Press" cash incentive of up to $10,000 on the AMG EQS Sedan. With stackable incentives, the 2023 Mercedes EQS AMG is up to $20,000 off MSRP. Meanwhile, the EQS 580 receives $7,500, while the EQS 450 receives a $5,000 discount.

Having said that, these deals will not last long, and inventory is very limited. The new 2024 models are only eligible for a $1,000 incentive; no other discounts are available. The new offers come after other automakers, such as Volkswagen, Ford, and Hyundai, announced significant discounts to clear out EV models.

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