ucmndd
Well-Known Member
Were we not supposed to note most of the cars listed in your example had list dates from 2017 ?
Surely an oversight on your behalf.
Most certainly an oversight. I went to the OnlyUsedTesla site and added search filters for comparable cars. It's rather absurd to me that they'd be displaying listings from 3 years ago. What possible value does that have?
Regardless, I'm not suggesting that those values are accurate either - they're almost certainly aspirational at this point, particularly after recent price reductions, and the real transaction numbers are somewhere lower.
As for the "great thing about mathematics"... yes, the numbers don't lie - they tell exactly the story you intend them to. In your case, you're suggesting the actual market value of your car is $18,500 and basing your depreciation math on that. "The math" isn't lying in that case, it's the person setting the values in the equation.
Allow me to put it another way. Post your car for sale in the classified section of this forum for $18,500. It will be gone in 24 hours. That's a strong indicator that you're probably below actual market value.