$39k Used Model 3's on Tesla Website

[Highlander1018]

Has anyone posted/commented yet on the huge influx of cheap Model 3's on Tesla's site right now? Am I to assume these are all recently completed 3-year leases now for sale? Sure, the mileage is low on these but my gosh, these deals seem pretty incredible to me. There are dozens in the $39-43k range.

 

[glide]

Didn’t these originally sell for $39K?

And now it’s 2 years old with 50K on the odometer. I guess that’s a deal in todays market?

 

[MP3Mike]

Didn’t these originally sell for $39K?

And now it’s 2 years old with 50K on the odometer. I guess that’s a deal in todays market?

It could have been delivered in November of 2019, so it could be almost three years old. But I wouldn't call ~60K miles low mileage for a three year old car.

 

[jjrandorin]

Has anyone posted/commented yet on the huge influx of cheap Model 3's on Tesla's site right now? Am I to assume these are all recently completed 3-year leases now for sale? Sure, the mileage is low on these but my gosh, these deals seem pretty incredible to me. There are dozens in the $39-43k range.

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Like the other two posters in this thread, I personally would not consider a vehicle with no factory warranty left on it at all, and almost 60k miles on it in 2-3 years being sold for 6-7k discount over brand new right now (and maybe 2-3k difference from when it was brand new) "an incredible deal".

 

[Kevy Baby]

One big difference is that they have added FSD to all these cars. I wonder if you could get them to take it off and reduce the price by $15K?

 

[jjrandorin]

One big difference is that they have added FSD to all these cars. I wonder if you could get them to take it off and reduce the price by $15K?

Tesla has not removed FSD from used cars in the past, at user request, so the answer to that would be no. They have done it for new ones (cars being sold as new, titled as such), but not used ones.

 

[ODWms]

Well, if it’s got FSD, that would actually be a great deal, especially to someone for whom FSD is a must.

 

[sleepydoc]

I knew Tesla had raised their prices but I hadn’t really paid attention since I have my car and I’m not looking to buy another right now, but holy crap! $63k for an a white all wheel drive before EAP or FSD! No wonder people are saying $40k is a steal for a car with 60k on the odometer. But yeah - I agree With the other posters - that’s too high.

There are other posters talking about a glut of used Tesla’s; with interest rates rising the economy changing I suspect prices will be coming down soon.

 

[Artomal]

I knew Tesla had raised their prices but I hadn’t really paid attention since I have my car and I’m not looking to buy another right now, but holy crap! $63k for an a white all wheel drive before EAP or FSD! No wonder people are saying $40k is a steal for a car with 60k on the odometer. But yeah - I agree With the other posters - that’s too high.

There are other posters talking about a glut of used Tesla’s; with interest rates rising the economy changing I suspect prices will be coming down soon.

$63k is for performance model, LR was $55k but now they don’t sell it until next year

 

[gsmith123]

One big difference is that they have added FSD to all these cars. I wonder if you could get them to take it off and reduce the price by $15K?

They value FSD at closer to $3-5k on used cars. You can't directly measure this, but anecdotally looking at prices on cars that are similar except for FSD it's clearly a lot less than $15k. Imagine a 3 year old SR+ for $25k, they'd sell instantly!

Also people have seen that they value it similarly on trade-ins.

 

[glide]

LR was $55k but now they don’t sell it until next year

May want to double-check that statement…

 

[glide]

They value FSD at closer to $3-5k on used cars. You can't directly measure this, but anecdotally looking at prices on cars that are similar except for FSD it's clearly a lot less than $15k. Imagine a 3 year old SR+ for $25k, they'd sell instantly!

Also people have seen that they value it similarly on trade-ins.

Ha! You clearly have not seen all the fanbois that claim FSD gets 100% of its purchase price back on the secondary market.

$3-5K sounds very accurate.

 

[3sr+buyer]

$63k is for performance model, LR was $55k but now they don’t sell it until next year

Model 3’s available Nov/Dec indicates that some are now showing up as "future inventory" cars, probably from cancelled orders for which they ran out of later orders to move up to those cars.

 

[raptor5244]

They value FSD at closer to $3-5k on used cars. You can't directly measure this, but anecdotally looking at prices on cars that are similar except for FSD it's clearly a lot less than $15k. Imagine a 3 year old SR+ for $25k, they'd sell instantly!

Also people have seen that they value it similarly on trade-ins.

Ironically, pre-pandemic used Tesla M3 SR+s were only worth $25-30k on trade-in and they were only a little over a year old. However, we were buying them for around $40k minus the $3,750 tax credit.

 

[raptor5244]

Ha! You clearly have not seen all the fanbois that claim FSD gets 100% of its purchase price back on the secondary market.

$3-5K sounds very accurate.

When I shopped offers for my Model 3 Performance the dealers would only offer $500 more if it had FSD.

 

[texas_star_TM3]

the car will be shot before FSD is Level 3... and long gone by the time it's Level 4

Well, if it’s got FSD, that would actually be a great deal, especially to someone for whom FSD is a must.

 

[raptor5244]

Has anyone posted/commented yet on the huge influx of cheap Model 3's on Tesla's site right now? Am I to assume these are all recently completed 3-year leases now for sale? Sure, the mileage is low on these but my gosh, these deals seem pretty incredible to me. There are dozens in the $39-43k range.

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As an 2019 SR+ owner who paid $36,250 brand new it is nice to see that value but I would not consider it cheap. You could buy yourself a brand new Lexus IS for $40k instead of a 3 year old car with 57k miles.

 

[texas_star_TM3]

When I shopped offers for my Model 3 Performance the dealers would only offer $500 more if it had FSD.

FSD doesn't really matter on used market... especially as it still is L2 and nowhere near FULL self driving.

 

[NyanM3P]

As an 2019 SR+ owner who paid $36,250 brand new it is nice to see that value but I would not consider it cheap. You could buy yourself a brand new Lexus IS for $40k instead of a 3 year old car with 57k miles.

You aren't going to find an new IS sitting at a dealership for 40K. Definitely not saying that 39K is a deal on a standard range with 50 on the clock though. Chances are that this is an off lease car. I assume most used inventory for Tesla are off lease cars as most of their client base is going to be trading in older ICE cars. Model S owners are the only ones who have reached an "average length of ownership" on a car in America of somewhere between 6-8 years, depending on where you get the numbers.

 

[raptor5244]

You aren't going to find an new IS sitting at a dealership for 40K. Definitely not saying that 39K is a deal on a standard range with 50 on the clock though. Chances are that this is an off lease car. I assume most used inventory for Tesla are off lease cars as most of their client base is going to be trading in older ICE cars. Model S owners are the only ones who have reached an "average length of ownership" on a car in America of somewhere between 6-8 years, depending on where you get the numbers.

It depends on the dealer. I just bought a CT4V Blackwing sitting on a lot for MSRP. Not all dealers are price gouging. Some dealers are ok selling at MSRP and willing to gain a repeat customer.

We are also heading into a declining economic market and more and more EV competition is hitting the market. A car is obviously worth what someone is willing to pay for it but as long as folks continue to pay these ADMs and crazy used prices the longer dealers will continue to charge for it. If you actually need the car it is one thing but to just blindly overpay is another. That said, at least when you overpay for a Tesla sold car Tesla gets the profit vs. some dealer who adds little to no value in the transaction.