2021 Model S LR+ sale ideas while I wait for my 2022 LR+

[DustinT]

Hey, soooo Im the proud owner of a 2022 Model S LR+ with about 10k miles, blue over the cream interior and FSD. Retail on this is currently in the $80-90k range which is a bit more than I paid for the car at $69,420 + options and tax.

I’ve got an order for a 2022 LR+, same spec with an order total cost of $93k and a Feb estimated delivery date.

Here’s my plan, y’all tell me if I’m crazy or not. Sell the 21 S for as much as possible, probably north of $80k net. Pocket the proceeds and order a M3P for $57k to drive for the six months I need to wait for the 22 S to be ready.

If my numbers are right, I’ll pocket $20-30k for about six months. Then the trade for the 22 S will be pretty inexpensive.

Am I crazy?

 

[glide]

Hey, soooo Im the proud owner of a 2022 Model S LR+ with about 10k miles, blue over the cream interior and FSD. Retail on this is currently in the $80-90k range which is a bit more than I paid for the car at $69,420 + options and tax.

I’ve got an order for a 2022 LR+, same spec with an order total cost of $93k and a Feb estimated delivery date.

Here’s my plan, y’all tell me if I’m crazy or not. Sell the 21 S for as much as possible, probably north of $80k net. Pocket the proceeds and order a M3P for $57k to drive for the six months I need to wait for the 22 S to be ready.

If my numbers are right, I’ll pocket $20-30k for about six months. Then the trade for the 22 S will be pretty inexpensive.

Am I crazy?

Yes you are crazy. You’re talking about running through 3 cars. That means you’re paying sales tax 3 times and registration fees 3 times. AND to top it off, you bought FSD already.

All this to ultimately end up with the same vehicle.

 

[DustinT]

Yes you are crazy. You’re talking about running through 3 cars. That means you’re paying sales tax 3 times and registration fees 3 times. AND to top it off, you bought FSD already.

All this to ultimately end up with the same vehicle.

Sales tax and registration on the 21 Model S was $5650, the Model 3P would be $3800. I’m lucky to live in a low tax area. Doesn’t seem like a deal breaker to me.

 

[DustinT]

Whats the latest on FSD transferring with the sale of the vehicle? I know I won’t keep it but does the next owner get the benefit?

 

[bmms8]

Im not sure where you are coming up with 20-30k but you may be able to break even or make a little after taxes. Not a bad idea imo.

 

[HankLloydRight]

You buy/sell three cars, only to end up with $20k in cash for three months? And end up in the exact same car you have now? That's not crazy. That's insane.

edit to add: You're also not including the depreciation hit on the M3P when you go to sell it six months later as a used car. That will eat a bug chunk of your "profit".

 

[Marcust99]

Hey, soooo Im the proud owner of a 2022 Model S LR+ with about 10k miles, blue over the cream interior and FSD. Retail on this is currently in the $80-90k range which is a bit more than I paid for the car at $69,420 + options and tax.

I’ve got an order for a 2022 LR+, same spec with an order total cost of $93k and a Feb estimated delivery date.

Here’s my plan, y’all tell me if I’m crazy or not. Sell the 21 S for as much as possible, probably north of $80k net. Pocket the proceeds and order a M3P for $57k to drive for the six months I need to wait for the 22 S to be ready.

If my numbers are right, I’ll pocket $20-30k for about six months. Then the trade for the 22 S will be pretty inexpensive.

Am I crazy?

Legit wacko. Unless you've been smoking some electric lettuce early this morning.

I got tired just reading that and thinking of the effort it would take to pull off.

 

[HankLloydRight]

Unless I misunderstood your plan, here's my take on it:

 

[bmms8]

I took it has he has a pre refresh and wants to get refresh? He mentioned 2022 currently, but 69420 was pre refresh price no?

 

[HankLloydRight]

Ok, I didn't catch that. The numbers still don't change. He'd be better off skipping the M3P all together and just waiting, that way he's only out $8k and without the hassles.

 

[DustinT]

Ok, I didn't catch that. The numbers still don't change. He'd be better off skipping the M3P all together and just waiting, that way he's only out $8k and without the hassles.

Yup! I didn't think I needed to spell out that one car is pre-refresh and the other is post refresh. Y'all know this, but the extra 120 horsepower, ventilated seats, and massively upgraded interior all have value to me. If I could just give $8k and upgrade, that would be a no brainer.

And thanks for running the numbers, you largely confirmed me theory. The biggest factor is what resale value is on the cars and that's unfortunately the area where I have the least visibility. KBB doesn't have a resale value which have been my go to source for a while.

How can I determine what the market is for my current car, and the historical resale values for the M3P?

 

[HankLloydRight]

FWIW, in 2017 I sold my 2013 P85+ and bought a 2014 P85D(used) and was out about $25k when it was all said and done.

Best $25k I ever spent.

Especially now that I have turned it into a P100DL+.

 

[bmms8]

Yup! I didn't think I needed to spell out that one car is pre-refresh and the other is post refresh. Y'all know this, but the extra 120 horsepower, ventilated seats, and massively upgraded interior all have value to me. If I could just give $8k and upgrade, that would be a no brainer.

And thanks for running the numbers, you largely confirmed me theory. The biggest factor is what resale value is on the cars and that's unfortunately the area where I have the least visibility. KBB doesn't have a resale value which have been my go to source for a while.

How can I determine what the market is for my current car, and the historical resale values for the M3P?

I would buy a used Model 3, cheapest as possible, and sell it when the time comes

 

[DustinT]

I would buy a used Model 3, cheapest as possible, and sell it when the time comes

Not a bad idea… but the resale on the M3 seems to be very close or the same to the new purchase price… Where do you find deals?

 

[glide]

Not a bad idea… but the resale on the M3 seems to be very close or the same to the new purchase price… Where do you find deals?

That isn’t going to last forever but at this point, it’s best to buy new if you plan on keeping it. If not, maybe look into a lease.

 

[DustinT]

That isn’t going to last forever but at this point, it’s best to buy new if you plan on keeping it. If not, maybe look into a lease.

That’s a good point! Thanks. I’m going to shop around a bit for the best resale value I can get on the Model S. If I can find a valuation over $80k I think the numbers make enough sense for me to do it.

 

[rameshratan]

Hey, soooo Im the proud owner of a 2022 Model S LR+ with about 10k miles, blue over the cream interior and FSD. Retail on this is currently in the $80-90k range which is a bit more than I paid for the car at $69,420 + options and tax.

I’ve got an order for a 2022 LR+, same spec with an order total cost of $93k and a Feb estimated delivery date.

Here’s my plan, y’all tell me if I’m crazy or not. Sell the 21 S for as much as possible, probably north of $80k net. Pocket the proceeds and order a M3P for $57k to drive for the six months I need to wait for the 22 S to be ready.

If my numbers are right, I’ll pocket $20-30k for about six months. Then the trade for the 22 S will be pretty inexpensive.

Am I crazy?

I think the best option is to keep the current S and sell it when you get the new refresh MA. Least hassle option. You may still get a good price for your current MS in the future.

 

[a1machinista1]

Not a bad idea… but the resale on the M3 seems to be very close or the same to the new purchase price… Where do you find deals?

There are no deals. In 6 months you should be able to sell it for close to what you paid.

 

[DustinT]

I think the best option is to keep the current S and sell it when you get the new refresh MA. Least hassle option. You may still get a good price for your current MS in the future.

This is what I have decided to do. The MS is just too good to let go of. I drove several m3 recently and it’s just not for me. Thanks!

 

[leeh97]

Hey, soooo Im the proud owner of a 2022 Model S LR+ with about 10k miles, blue over the cream interior and FSD. Retail on this is currently in the $80-90k range which is a bit more than I paid for the car at $69,420 + options and tax.

I’ve got an order for a 2022 LR+, same spec with an order total cost of $93k and a Feb estimated delivery date.

Here’s my plan, y’all tell me if I’m crazy or not. Sell the 21 S for as much as possible, probably north of $80k net. Pocket the proceeds and order a M3P for $57k to drive for the six months I need to wait for the 22 S to be ready.

If my numbers are right, I’ll pocket $20-30k for about six months. Then the trade for the 22 S will be pretty inexpensive.

Am I crazy?

You currently own 2022 MS LR+as your first sentence states.

I don't get it, did you also buy a DeLorean from Marty Mcfly? You time traveled to get a 2022? Did Musk also release a new version called LR+ in your time travels.

Personally I'd stick with the DeLorean if you got that Flux capacitor.