I think he was comparing apples to apples (USA build for < 2024 to USA build for 2024).
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2024 Model 3 Performance Announced - Discussion thread post announcement
- Thread starter j0shm1lls
- Start date
Sellout
Member
They absolutely lowball trade-ins, but so does everyone else. Carvana, Carmax, Tesla, normal car dealerships, etc. they all offer $10k under the real market value of the car.
Every. Time.
P-Lo801
Member
For what it's worth, I just sold my 21 BMW m340i for 42k to local BMW dealer in anticipation of this release, and they offered me 2-3k more than CarMax and carvana, and 6k more than Tesla. And KBB had it valued at 45-48k for private sale. I actually purchased it pre-owned for 48k before taxes last year from BMW. Sometimes the market can be hit or miss, but I feel pretty fortunate on what I was able to sell it for after only a year.
When I traded in my Kia last summer, Tesla was the high offer over Carvana, Carmax, and Vroom. It absolutely shocked me because everyone had warned me that Tesla in particular is terrible. I thought for sure they'd 'adjust' the trade value before my purchase was settled, but it held.
So when I trade in my current M3RWD this summer, I am FULLY expecting them to lowball. I was just glad I had one good trade with them at least!
Definitely worth checking around, only costs a bit of time.
Sorry but all new Tesla’s are depreciation machines. This is especially true if you buy one at msrp with no tax credit. The newest m3p will be no exception, even with the tax credit. The car is fast but it will also depreciate fast. Especially with Tesla’s absurd and bizarre pricing practices.
Jeremy3292
Active Member
Not really. Bought my 2021 M3LR for $50k brand new in Sept 2021. Carmax next to my house has an almost identical one with similar mileage for sale for $31k. $19k depr over 3 years isn’t excessive at all actually. In fact I think that’s pretty dang good tbh.
Just don’t make bad financial decisions, e.g. buying during pandemic pricing, and you will be fine. Everyone knew at the time the pricing was outrageous bc supply prices (lithium) were outrageous.
This idea that Tesla’s are depreciation pits is bc people made bad financial decisions. What about all those people that bought RAV4s for $50k instead of their $30k normal price? Same issue.
Midnightsun
Active Member
Last winter I asked Tesla for a price as a trade in on the Y just for an idea of how little they would give me as I had a previous experience and was not expecting much at all. Turns out I have FSD which they give you 0 for and also AB which is worth 0. Bottom line is the car was a hair over 3 years old, paid around 85,000 cad and they offered me 25,000. Going rates were around 45,000-50 every where I looked without FSD or AB. When Juniper comes out either I will sell it locally or hang on to it for a family member.
When I bought the MS I asked to trade in my Mercedes 43 AMG which I had paid 90,000, they offered $25,000. Sold it privately for 53,000.
Maybe this is only in Canada but I would call it lowball on lowball. The Merc was a company car so I bought it for what they offered me as proof of value, made 28,000 when I sold it a year later.
When I bought the MS I asked to trade in my Mercedes 43 AMG which I had paid 90,000, they offered $25,000. Sold it privately for 53,000.
Maybe this is only in Canada but I would call it lowball on lowball. The Merc was a company car so I bought it for what they offered me as proof of value, made 28,000 when I sold it a year later.
Most of your statements aren’t accurate. The typical car buyer in the USA doesn’t see a 19 k loss on a 50 k car as low depreciation. Ask a Camry buyer how much depreciation they take on a 3 year old car. It would be similar to an accord. Tesla’s are depreciation machines period. The model s is just unbelievable at this point. You can get a 2018 p100d for 31,999. Now that the market is back to reality most of those examples you have don’t apply. The new and nice Camry is 35,000 for an upgraded se. You think this would take even 10k depreciation in 3 years it won’t. Most Tesla cars have lost 1/2 to 3/4 of their value in 4 years. I just saw a 2020 s performance ludicrous sell for 39k w 49k miles. That’s about 70% in 4 years
Where is this Model S Luda for 39K? I want to check it out.
cptnslo
Member
If you watch the yt video from out of spec reviews you might be able to figure out which showroom he’s at
P-Lo801
Member
There's a YT video published by DennisCW yesterday and he lists all the Tesla stores that have it on display in their showroom. I know there are four in CA, and the rest were spread through out the central and east coast.
We're seeing used '21 plaids in the upper $50k range now, so an old model s performance isn't even worth $40k.
Thanks! Looks like I’ll be making a trip to Santa Monica shortly.
