FlatSix911
Porsche 918 Hybrid
As many have already suggested ... $75K is about right based on the current market. Data is your friend
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Sold 27 day old 2016 Model S 75D AP HW2–Only 200 miles- $85k
- Thread starter eurek
- Start date
As many have already suggested ... $75K is about right based on the current market. Data is your friend
It's your car eurek. Price it however your like. Just don't be surprised if you need to lower the price to make a sale. The market can do basic math and can subtract $7,500 easily.
Price being equal, everyone would buy from a dealer way before buying from a stranger. Without a price incentive, no one is buying off this site or Ebay.
Price being equal, everyone would buy from a dealer way before buying from a stranger. Without a price incentive, no one is buying off this site or Ebay.
cman8
Member
+1 with above said. If it was a supply and demand thing, I would say go for it however high the price. But as it stands now, if someone is desperate or stupid enough to pay the price, then I feel bad for them.
No, the are 100 S "D"'s listed in inventory but that list is only a partial list as Tesla doesn't list the full inventory so as not to delute value. I said since your car is a fairly stripped car that the people interested in one like that more than likely want to save money, everyone wants something nicer but half the country is in the south and don't nessasarily need a "D" It's still priced higher than you can buy a new inventory 75D for after all is said and done. You are getting the $7500 tax credit and you still want over purchase price. Good luck selling it I just think it's not fair to try to overcharge someone as it's clearly overpriced
You may sell it on eBay if those bidders are paying sellers and not just deadbeats. If it gets anywhere close to $70k grab it and run you will be ahead of where you will be on it in a couple months. I own an auto dealership But am not sure about eBay. With Tesla it seems that new is usually the best option to purchase with the tax credits and the fact that after a year the depreciation slows down a bit. The only other real used deal is from the new buyer who has buyer remorse and has to loose $10-15k over the $7500 credit to sell a couple month old car.
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SageBrush
REJECT Fascism
My arithmetic* says you are now offering a $300 discount to buy your used car instead of a new, custom order from Tesla with similar options minus the free Supercharging and perhaps the referral discount if still available. And fwiw, you are in the same boat as Tesla itself: the S60 or D60 is a much better value than the corresponding 75, unless you must have the extra 40 miles of range today.
And honestly ? If I was in the market for this model, I would presume you are not stupid and then conclude that you hoped for a sucker to take advantage of. That elevates the risk of buying from you to a level I would avoid unless the discount was worth the worry, extra due diligence and time.
In your shoes, if you really do intend to buy an X model, I would try and negotiate a swap with Tesla. If they agree to take your car back it might save you the sales tax which is probably half of your expected losses.
*After federal tax credit for the new car
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thefortunes
Active Member
Not going to add to the price discussion (you are too high), but I always laugh when people say this. All you need to do is adjust your withholding/quarterly payments and you can "get" your tax credit as soon as you wish.
SageBrush
REJECT Fascism
Exactly.
And if that is too much effort, then carry the loan for a year. That works out to about $225 in interest which is the unadorned upper limit of value to getting the tax credit today.
FlatSix911
Porsche 918 Hybrid
Well, the market has spoken and the car did not sell at $70K ... we tried to help you price the car realistically
2016 Tesla Model S
Shawn Snider
Member
This wreaks of a bad deal, really just looks like you're trying to flip your car and profit some. Best of luck!
FlatSix911
Porsche 918 Hybrid
Agree with this assessment ... priced higher than CPO with cloth seats and no tax credit make for a hard sell
hill
high fiber member
Most states don't do the $2,500 cali rebate, & he's not here anyway. Similarly, the Fed's $7,500 can't go the 2nd purchaser after new. And original seller might as well not claim it because if you don't keep the car 2 years, you loose the tax credit.
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You lose the Federal tax credit if you don't own for two years?
I didn't know that. Do you know where that is shown for Federal?
-Just looked it up. There is no minimum holding time for Federal. There is for CA.
Federal just states you can't buy the car with the intention of resale. You can resell it after a short time and still get the credit if you have a reason (e.g. loss of job, suspension sucks, etc).
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hill
high fiber member
yes - i overgeneralized - under 2yrs is a rebuttable presumption - just don't let the tax court judge discover you have a buyer lined up, even before you take delivery
plus - the full $7,500 phase out begins @ 200k units sold (i better say "US sales" or you'll catch me over generalizing again) - + if you fall under alt min tax rules, you don't get it either - and you don't get it if AGI (married example) is ~ > $300k. Plus unless you actually owe $7,500 by the end of the tax year, you don't get the full amount. No carryover. Exception being if it's registered as a business car
iow - it's not w/out a few hurdles
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thefortunes
Active Member
This is not true (and there are ~1000 other threads on TMC about this so let's not turn this into another). What you "owe by the end of the year" is irrelevant - what matters is that your tax (after other credits) is at least $7500.yes - i overgeneralized - under 2yrs is a rebuttable presumption - just don't let the tax court judge discover you have a buyer lined up, even before you take delivery
plus - the full $7,500 phase out begins @ 200k units sold (i better say "US sales" or you'll catch me over generalizing again) - + if you fall under alt min tax rules, you don't get it either - and you don't get it if AGI (married example) is ~ > $300k. Plus unless you actually owe $7,500 by the end of the tax year, you don't get the full amount. No carryover. Exception being if it's registered as a business car
iow - it's not w/out a few hurdles
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hill
high fiber member
ok we won't turn it into anorher thread. And if you believe one who has already paid their tax debt via weekly payrole deductions or quarterly payments - and still get a credit, though you owe nothing - great. remember ... no turning the thread
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thefortunes
Active Member
Since I am a CPA and have taken this tax credit multiple times over the years, yes. Please don't comment on areas you don't understand.ok we won't turn it into anorher thread. And if you believe one who has already paid their tax debt via weekly payrole deductions or quarterly payments - and still get a credit, though you owe nothing - great. remember ... no turning the thread
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hill
high fiber member
Right - what i won't comment on is the number of diplima mill cpa's that get successfully sued for neglegent advice. Then they have to hire attorneys to help them understand the substantive difference between a refundable & non-refundable credit. and no i'm not going to do a "wave my 'credential' or wave my anecdotal 'multiple times' evidence" pissing contest - which neither proves or disproves anything.
What i "don't understand" is why people presume their different 'view' automatically means it must be because 'they're wrong'. Believe whatever you want & have a great day
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