TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

6-18 Month used Model 3

Discussion in 'Model 3' started by sdugan99, Jun 27, 2017.

  1. sdugan99

    sdugan99 Member

    Joined:
    Apr 4, 2017
    Messages:
    10
    Location:
    elkridge, md
    What are peoples thoughts on the Market value of a used model 3 6-18 Months after first ones are delivered. Think of a scenario where someone who was early reservation holder, purchases one of the first cars regardless of options. Then 6-18 months later there are more options(AWD, Battery etc). They decide to sell that original car and upgrade. Does the value hold due to demand? Does it diminish quicker do to "outdated" version?

    Thoughts?
     
    • Disagree x 1
  2. SageBrush

    SageBrush Active Member

    Joined:
    May 7, 2015
    Messages:
    3,660
    Location:
    Colorado
    Ask in about 6 months.
     
    • Funny x 2
    • Like x 1
  3. cgiGuy

    cgiGuy Active Member

    Joined:
    Jul 9, 2013
    Messages:
    1,227
    Location:
    Sacramento, CA
    Demand vs supply would only be on your side for the first year. Once they're pumping them out at full capacity, I'd think someone would just order new. Plus, as you've alluded to.. 18 months is plenty of time to develop AP 3 or 4, and HUD 1.0. ;)
     
    • Like x 1
  4. eSpiritIV

    eSpiritIV Member

    Joined:
    Mar 24, 2016
    Messages:
    134
    Location:
    Portland, OR
    You buy a M3 because you want a great car to keep for a long time (Low maintenance)

    You try to sell, you will be up against selling a car they can get more options on. You may break even at best if you figure in your Federal tax incentive.
     
  5. sdugan99

    sdugan99 Member

    Joined:
    Apr 4, 2017
    Messages:
    10
    Location:
    elkridge, md
    Probably should have clarified I would be on the "Buy side" of this transaction as I reserved late so I won't get mine until Late 2018/2019.
     
    • Funny x 1
  6. flamingoezz

    flamingoezz Member

    Joined:
    Apr 13, 2016
    Messages:
    316
    Location:
    NJ
    i would think resale value would be VERY good because tax credits will be expiring shortly after. the options for those near the back of the line or just now considering a model 3 are to

    1) wait 18 months and pay full price (35K base)
    2) buy slightly used and get the car now

    I would think you could sell near the price you paid after tax credit to a prospective buyer.
     
    • Like x 2
  7. JeffK

    JeffK Well-Known Member

    Joined:
    Apr 27, 2016
    Messages:
    5,146
    Location:
    Indianapolis
    As far as build quality it generally gets better over time. If you wait you might receive a better vehicle. That said, even if you reserved late there's still a chance you'd be able to get a RWD model earlier than I'd get a performance model even though my reservation was on March 31st.
     
  8. EXOTIC1

    EXOTIC1 Member

    Joined:
    Jan 23, 2014
    Messages:
    316
    Location:
    MANY PLACES
    You'll be able to drive the car for basically FREE the first 12 months if you were in line on reveal.
    Demand will outweigh supply.
     
    • Like x 1
  9. BluestarE3

    BluestarE3 Active Member

    Joined:
    Apr 2, 2016
    Messages:
    2,515
    Location:
    Norcal
    Similar discussion here (for additional insights, opinions, speculations): Used Model 3 market
     
  10. timk225

    timk225 Member

    Joined:
    Mar 24, 2016
    Messages:
    538
    Location:
    Pittsburgh
    If I have my 3 for a year or so and decide I don't like it, the sale price will be at least what it cost me new! Supply and demand!
     
  11. montreid

    montreid Member

    Joined:
    Apr 6, 2016
    Messages:
    107
    Location:
    san diego,ca
    So if I have 2 In store reveal day reservations -- buy 1 now and spec the 2nd one loaded that will take 1 year; sell Car#1 at cost and get into Car#2 loaded? Hmmm.......
     
  12. 03DSG

    03DSG Member

    Joined:
    Apr 5, 2016
    Messages:
    287
    Location:
    Cobourg, Ontario
    Bingo. I would love to go back to Mar 31,16 and add a second. This is exactly what I would do. Damn! Now I have to go reserve a second one now!
     
  13. dhanson865

    dhanson865 Active Member

    Joined:
    Feb 16, 2013
    Messages:
    2,021
    Location:
    Knoxville, Tennessee
    I'd say it'll be like trying to catch a falling knife that bounces or floats in unpredictable ways.

    Long term the price will drop, the swings in price could be drastic at times but will plateau at others.
     

Share This Page