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  1. CapeOne

    New Owner, First Impressions, Quick Question

    Tesla has removed FSD from cars they took in trade-in and later sold at auction. Sometimes the FSD wasn't removed fast enough and it ended up in the hands of the next owner only to be removed later during an audit. That doesn't appear to be the case here unless the car you bought had been...
  2. CapeOne

    The 2 Best Days In a Plaid Owner’s Life

    I really don't think this is about them not knowing they’d lose money, it's about the amount being (much) more than they expected and blaming at least part of it on Tesla's significant price cuts last year. Yes, and it can also be how used cars work as resales of used Teslas purchased were...
  3. CapeOne

    The 2 Best Days In a Plaid Owner’s Life

    Yes, some option prices have changed too. The price of FSD had been as much as $15k but is now $12k.
  4. CapeOne

    The 2 Best Days In a Plaid Owner’s Life

    I don't think it's unreasonable for people to complain that their MS Plaid lost (much) more in value than they expected due to Tesla dramatically lowering prices. These types of complaints happen in other industries too. Sometimes companies may try to appease buyers who paid "top dollar" by...
  5. CapeOne

    The 2 Best Days In a Plaid Owner’s Life

    Exactly. The base price of a new MS Plaid went from $135,990 to just $89,990 ( a 1/3rd drop) last year. That really hurt resales!!
  6. CapeOne

    Is this Lease a good deal?

    I certainly wouldn't say it’s never a good idea to lease cars as part of it can depend on the actual resale value of the car at the end of the term. For example, if the market were to unexpectedly drop for a particular make/model after someone leased they could end having paid less with the...
  7. CapeOne

    Timeline to buy used Model Y on Tesla.com?

    I can't predict what the market will be like next August but generally speaking, you should be able to take delivery of used MY from Tesla within a week or two once you've found the car you want. How particular you are about what you are looking for (trim, colors, price point, etc.) would be a...
  8. CapeOne

    Curious why Tesla penalizes Canadians more than other manufacturers?

    Based on my calculations, prices between U.S. and Canada are fairly similar when factoring in exchange rate. Teslas in Canada are sometimes lower priced than they are in the U.S. For example, the price of a RWD Model Y in the U.S. (including destination fee and order fee) is $45,630. The price...
  9. CapeOne

    Buying used Plaid from Tesla? If it looks worse than expected and you reject the vin/car do you lose order fee and transport fee or use it on another?

    The "Ordering a Used Tesla Vehicle" FAQ section linked below should provide answers to your questions. https://www.tesla.com/support/ordering-used-tesla
  10. CapeOne

    What does tesla charge for processing the registration and title?

    Tesla has long rolled a doc fee into the destination fee (currently $1,390). There is also the order fee of $250. Other fees may include acquisition fee ($695) and disposition fee ($395) on leases. I imagine at least a portion of these fees are meant to cover “traditional” doc fees. State...
  11. CapeOne

    Inventory or order new for best possible deal?

    There are several MS Plaid new/demo inventory cars in California for less than factory order (full retail) prices, although discounts on Ultra Red cars may not be as good as some other colors. For example, there is an Ultra Red MS Plaid in San Diego with a $1,140 discount. Link below...
  12. CapeOne

    Inventory or order new for best possible deal?

    It's difficult to say but at the end of last year, Tesla offered $7,500 discounts and 10,000 free supercharging miles on models including the MS. However, that was before the SIGNIFICANT price reductions that occurred this year. The base price of a new MS Plaid is already $46k lower than it...
  13. CapeOne

    5 years worth of subscription = buying it

    Not usually. It typically stays with the car unless it is traded back to Tesla who may choose to remove it.
  14. CapeOne

    5 years worth of subscription = buying it

    There could be a couple of potential reasons to buy FSD: 1. The $199/month subscription price may go up which means you wouldn't be able to get five years of FSD for under $12k. Of course, it could also go down. 2. FSD could have resale value at time of sale/trade whereas a subscription would...
  15. CapeOne

    From the cockpit of my childhood dream car

    I haven't thought about the Vector in a while. Auto Panache, an authorized Vector dealer in Fort Lauderdale, used to advertise the M12 in the duPont Registry magazine when they were being sold new.
  16. CapeOne

    Why does Tesla sell used cars with Full Self Driving?

    I think Tesla simply wants to get as many people as possible using FSD and including it on most used cars they sell is a way to do so. I also felt they did it so they could roll it into the used car price for much less than full retail without "degrading" the perception/image/opinion of FSD by...
  17. CapeOne

    Market value for Plaid

    You are mistaken about the degree MSRP plays in determining asset values by financial institutions, and especially guide books like KBB. KBB’s valuations can be quite wonky at times and obviously have no relation to a model’s original MSRP, even models of same year, mileage, etc.
  18. CapeOne

    Market value for Plaid

    How insurance companies assess prices can vary by state but in general, are based on selling price, current market prices, etc. depending on the circumstances. The "used car market" estimates car prices based on results of auctions, dealer sales, private sales, etc. MSRP is NOT necessarily a...
  19. CapeOne

    Market value for Plaid

    Tesla is a dealer. They have a dealer license in many states which allows them to sell new and used vehicles, participate in dealer-only auctions, etc. As far as prices are concerned, whether it be a franchised dealer (like BMW) or a manufacturer/dealer (like Tesla), a price increase is a price...
  20. CapeOne

    Tesla drops prices on X/S $20k. All colors free. Bye bye resale

    FSD also dropped in price from $15k to $12k.
  21. CapeOne

    Tesla drops prices on X/S $20k. All colors free. Bye bye resale

    The Tesla markups were just as "arbitrary." Both Tesla and independent dealership raised prices largely due to supply/demand factors tied to inventory shortages, supply chain issues, etc. in the market. I don’t necessarily see the money going to $700+ BILLION Tesla as being any better than the...
  22. CapeOne

    Tesla drops prices on X/S $20k. All colors free. Bye bye resale

    Well, the base price at the beginning of the year was $135,990 and is $89,990 now. I added Tesla’s mandatory destination fee and order fee to brings them to $137,440 and $91,630.
  23. CapeOne

    Market value for Plaid

    Tesla is a dealer. They happen to own their dealerships while franchised dealerships are typically independently owned. The multiple price increases Tesla implemented last year are comparable to some of the markups some dealers had.
  24. CapeOne

    Tesla drops prices on X/S $20k. All colors free. Bye bye resale

    Tesla isn't really any better. They jacked up prices last year which is similar to adding dealer markups. The difference is Tesla owns its dealerships while franchised dealers are largely independently owned. Tesla has now essentially removed those markups (and more). The starting price of...
  25. CapeOne

    Prediction: Model X price will be reduced to $78K in January 2024

    If you sell, yes. MX and MS prices have dropped SIGNIFICANTLY this year. A real shame for those who want/need to sell.
  26. CapeOne

    Looks like Tesla brought back the standard range Model S and X!

    In the last few years it has typically started at or near the beginning of Q4, therefore October,
  27. CapeOne

    Model S existing inventory and pricing

    Keep in mind that the posted new inventory prices ($99,240 in this case) do not include Tesla's mandatory destination fee and order fee. $99,240 is actually $100,880.
  28. CapeOne

    Looks like Tesla brought back the standard range Model S and X!

    For some customers, 320 miles range is more than adequate for their needs and if they can save $10k in the process it's worth it to them. The fact that they will presumably be able to "unlock" the battery later (at a cost, of course) if their needs change is a plus too.
  29. CapeOne

    Model S LR vs Plaid X - Price?!

    A new ultra red MS with cream interior, yoke steering and 21" wheels has $9,750 in options bringing the total price to $99,880. A new white MX Plaid with cream interior and yoke steering has $2,250 in options bringing the total price to $112,380. This is a difference of $12,500. The price...
  30. CapeOne

    Buying used MS from Tesla.com?

    Tesla does sell many cars at auction but they currently have a lot more than "less than 5"used MS for sale in the U.S.
  31. CapeOne

    Buying used MS from Tesla.com?

    If think your new versus used price comparisons are a bit off, at least if you’re talking about buying from Tesla. The cheapest used 2022 MS posted in their inventory right now is $75,600. Similarly equipped new 2023 exiting inventory cars can be had for less than $10k more.
  32. CapeOne

    thinking to get x plaid

    I suppose that depends on when the next "major release" is, what you consider a "major release" and what pricing may be at that time. Right now, you can get new existing inventory MX Plaids for $7,500 off which can bring the price down a total of $38,000 versus retail pricing at the beginning...
  33. CapeOne

    Can you get $7500 inventory price reduction for an ordered car?

    An existing inventory car can also mean an already built car in inventory at the factory.
  34. CapeOne

    Need advise! 2014 model s p85

    The $10k price is unusually, almost suspiciously, low. The miles are on the high side but I would think even CarMax, Carvana, etc. would offer as much or more. Has the seller acknowledged that they are selling at a very low price and if so, why they are looking to sell it so cheap?
  35. CapeOne

    New 2022 MS buyer, need help

    True, although shoppers need to keep in mind that $82k-$83k is in reality closer to $84k-$85k when you factor in the mandatory destination fee and order fee.
  36. CapeOne

    New 2022 MS buyer, need help

    Asking prices for cars like that would tend to be in the upper $60s to low $70s but right now asking is not necessarily getting. With Tesla raising and then lowering prices as much as they did over the past year or so, the market is pretty volatile.
  37. CapeOne

    Model S/X minor refresh coming soon?

    On the subject of range, below is a Reuters article regarding Tesla range numbers and complaints. https://www.reuters.com/investigates/special-report/tesla-batteries-range/
  38. CapeOne

    Can you get $7500 inventory price reduction for an ordered car?

    Typically yes but if the particular car is located out of state, you;ll want to confirm with your sales advisor that Tesla is willing to transfer and register it in your state.
  39. CapeOne

    Can you get $7500 inventory price reduction for an ordered car?

    There are many new inventory MXs with additional $7,500 discounts however, specific availability can vary by region. Your best bet may be to talk to a sales advisor at your local store and see if they can find a new existing inventory car that meets your color/options criteria. If the car is a...
  40. CapeOne

    3rd party leasing to get tax credit?

    I'm not sure how it would work under the current tax credit rules but automakers in the past (including Tesla) typically included the tax credit in the lease one way or another. In Tesla's case, they would take the credit and add it to the residual (lease end) value. If a car had a residual...
  41. CapeOne

    Tesla Leasing and the Inflation Reduction Act (IRA)

    In the past, Tesla would add the tax credit to the residual (lease end) value e.g., if a car had a residual value of $60,000 and the tax credit was $7,500, Tesla would take the $7,500 and make the residual $67,500. I never liked the way Tesla did this as it made the car $7,500 (in this example)...
  42. CapeOne

    Prediction: Model X price will be reduced to $78K in January 2024

    True. They don't seem to care and there are many customers and lease underwriters that can be hurt by this. Tesla margins are high in part because they are not only the manufacturer but also the dealer. They get margins at both levels unlike most other automakers which only see profits...
  43. CapeOne

    Model X Accident with FSD any advise?

    I don't know what options the car has (beyond FSD) but 50% of original price could be about right. The insurance company should be paying what a used 2018 MX 100D with similar miles and equipment can be purchased for today. It may (insurance rules vary by state) also include sales tax and/or...
  44. CapeOne

    Prediction: Model X price will be reduced to $78K in January 2024

    Yes, but destroying resale values can turn off current owners and/or concern potential future buyers. Also, what about all of the higher priced cars eventually coming off lease? That can be a real financial hit to Tesla or whatever companies underwrote those Tesla leases. Although I think...
  45. CapeOne

    Prediction: Model X price will be reduced to $78K in January 2024

    If that were to happen, it would further destroy resale values especially on MXs bought last year or early this year. The MX base price (before destination fee, order fee or any potential extra cost options) was $120,990 at the beginning of the year. $78,000 would be more than a 35% retail...
  46. CapeOne

    Help escalate issues for a new car purchase above the GM level (any help)?

    I agree they should honor the agreed price (with discount). Unfortunately, Tesla prices have been all over the map this past year from multiple increases last year, significant price cuts early this year, additional discounts on new existing inventory cars, pricing/availability varying by...
  47. CapeOne

    Help escalate issues for a new car purchase above the GM level (any help)?

    It’s unfortunate that you had such a poor experience. I realize the car market remains somewhat volatile right now but a final value coming in tens of thousands less than the low end of the estimate is pretty bad. Did you ask them why it was so far off the estimate? While delaying delivery...
  48. CapeOne

    Model S existing inventory and pricing

    Probably. At least try to. Tesla currently has a 2018 M3 LR with FSD and more miles (76k) and an asking price of $32,200. They're in business to make money like other manufacturers and dealers.
  49. CapeOne

    Model S/X minor refresh coming soon?

    The steering wheel looks odd, at least from that angle. It looks like a round steering that was left out in the hot sun too long. 😀
  50. CapeOne

    New Tesla Model 3 2024

    The only "free" thing Tesla is offering right now is three months of supercharging. However, when you consider that an M3P started at $64,440 at the beginning of the year and new existing inventory M3Ps can now be had for as little as $52,000 or so (even less if a demo), that's over $12,000 in...