2019 Model 3 long range dual motor

[galavizjg]

2019 Model 3 Long range Dual Motor AWD, midnight silver metallic, premium interior, I purchased it new in Feb 2019. Date of manufacture 1/2019. I purchased the auto pilot. I did not purchase the FSD.
Currently has 41,708 miles, small scratch on front bumper (shown in photo). New tires recently installed. asking $41,500.

 

[rsgonzo]

What is your range at 90% and 100% charge?

 

[bmms8]

Looks like its also tinted, OP should mention.

Good price! 41k miles is nothing..

 

[galavizjg]

Yes 20% tint all around & 3D Maxpider all weathers mats fronts and rear. i also have the Tesla sun shade for the front portion of the glass roof and 4 lifting jack pads.

 

[dzmconstr]

Monroney sticker? What options?

 

[galavizjg]

 

[Sunshine State]

Looks like its also tinted, OP should mention.

Good price! 41k miles is nothing..

Hmmm, nothing at all negative about the car or price but in regards to the comment.....41,000 miles sure seems like over 80 percent of the warranty and that is significant.

 

[bmms8]

Hmmm, nothing at all negative about the car or price but in regards to the comment.....41,000 miles sure seems like over 80 percent of the warranty and that is significant.

fair but Tesla’s don’t seem to have major mechanical work for quite some time if any

 

[Sunshine State]

fair but Tesla’s don’t seem to have major mechanical work for quite some time if any

The battery and drivetrains have longer warranties (100k/120k) so those parts will be covered for longer. If you follow Tesla history they do change quite a few drive units and batteries. The 3’s haven’t been around very long to judge how they handle higher miles in normal day to day stop and go use. The OP’s car has probably had more highway use to get that many miles in a short period of time so it will probably hold up better than a car with the same number of local miles. Steady state driving puts very little stress on components. Over the road truck tractors average 100k per year and are reliable till around a million miles and then typically they are used locally for a few hundred thousand more.

 

[galavizjg]

price reduced to $39,500

 

[Palmtree]

Is this car still for sale?

 

[galavizjg]

Yes!

 

[KCapital]

I am surprised how well the Model 3 is holding the resale price, generally 40K miles over 2 year timeframe would easily result in 45-50% depreciation. I thought that 2.49% interest rate on new purchase will really mess up the used Tesla market, but surprising it is holding up very well.

What is even more amazing is that a brand new 2020 Model 3 AWD/Dual Motor in New Jersey is $46,990 + $1200 - $5000 EV rebate (no sales tax) = $43,190 out the door. Inventory/Demo models would be even cheaper.

Beautiful car, GLWS.

 

[Cisco_248]

From a state with no EV rebate, this looks like a pretty good deal.

 

[sperry729]

Potentially interested. Any particular reason(s) for selling?

 

[CapeOne]

I am surprised how well the Model 3 is holding the resale price, generally 40K miles over 2 year timeframe would easily result in 45-50% depreciation. I thought that 2.49% interest rate on new purchase will really mess up the used Tesla market, but surprising it is holding up very well.

45%-50% depreciation from purchase price (unlike Tesla, cars typically DON'T sell for full sticker) to PPV or retail would be on the upper end for most cars at just a year and a half even with 40k miles e.g., a 2019 Lexus IS300 with basic equipment would've sold new for around $33k to $34k and today with 40k miles would have a PP to retail value of upper $20s to low $30s which is nowhere near a 45% to 50% drop.

 

[KCapital]

45%-50% depreciation from purchase price (unlike Tesla, cars typically DON'T sell for full sticker) to PPV or retail would be on the upper end for most cars at just a year and a half even with 40k miles e.g., a 2019 Lexus IS300 with basic equipment would've sold new for around $33k to $34k and today with 40k miles would have a PP to retail value of upper $20s to low $30s which is nowhere near a 45% to 50% drop.

Depreciation is from present purchase price of new car given how much Tesla prices have come down, and I doubt you will only get 10-15% depreciation for an ICE Car after putting 40K miles on it, that much depreciation on ICE car is for driving off the dealership lot on Day-1 itself.

That is where it is great that Tesla is holding value better in used market.

 

[CapeOne]

Depreciation is from present purchase price of new car given how much Tesla prices have come down, and I doubt you will only get 10-15% depreciation for an ICE Car after putting 40K miles on it, that much depreciation on ICE car is for driving off the dealership lot on Day-1 itself.

That is where it is great that Tesla is holding value better in used market.

In the case of this listing, a comparable new 2020 M3 LR would be $49,190. The seller is asking $39,500 or about 20% below typical current new selling price. The example I gave was a Lexus IS300 which for 2020 can be had for around $33,500 and 2019 IS300s with above average (40k-ish) miles commonly have asking prices in the upper $20s which would be less than 20% below.

The 45% to 50% value drop you mentioned previously is more like what you’d see among the worst depreciating cars e.g., large sedan ex-rentals.

I'm not saying the M3 doesn't have good resale, just that plenty of ICE cars can and do too and they typically don't have as bad of resales as you seemed to suggest.

 

[KCapital]

In the case of this listing, a comparable new 2020 M3 LR would be $49,190. The seller is asking $39,500 or about 20% below typical current new selling price. The example I gave was a Lexus IS300 which for 2020 can be had for around $33,500 and 2019 IS300s with above average (40k-ish) miles commonly have asking prices in the upper $20s which would be less than 20% below.

The 45% to 50% value drop you mentioned previously is more like what you’d see among the worst depreciating cars e.g., large sedan ex-rentals.

I'm not saying the M3 doesn't have good resale, just that plenty of ICE cars can and do too and they typically don't have as bad of resales as you seemed to suggest.

I was basing it on the residual value that car mfg/dealer including Tesla use for lease, i.e. for 12K miles/year, for 3 year lease are around 50% for ICE cars, 52-55% for Tesla Model S/X, and about 60% for Tesla Model 3. Alternatively, 15K miles/year for 2 year lease are around 55-60% for Tesla Model S/X.

I hope this helps.

 

[JPELKA]

Pm sent