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Carmax, Vroom etc Model Y used catch/experience
- Thread starter AJ..
- Start date
ZenRockGarden
Active Member
Well the answer to this is easy - the Fed $7.5k tax rebate only applies to new cars. So no.
Not the same but… If it’s 2021 or older (for 2023), and under $25K resale price, there is a 30% tax rebate, capped at $4K.
ZenRockGarden
Active Member
correct, but completely useless for a MYLR, the oldest of which are still worth way above $25k
Just did a quick Cars.com search for used MYP in a 500 mile radius of my zip code, filtered by most expensive, and the first 30 or so cars are listed from $75k down to $62k. Lot's of dealers will be taking a bath on these. Sorry, not sorry.
I just got mine two weeks ago from Carmax. 2022 MYP with only 3k miles. It was fine. Checked battery, checked inside for rip or tears. Didn’t care about panel gaps. Only cared about USS, matrix headlights, real p rear brakes, bio defense, heated steering wheel. Didn’t look or care about scratches on wheels. Didn’t care about any fine scratches. It’s a “used” car and tesla will warranty items that a body shop can’t fix
Just some food for thought, I Sold my MYLR to Vroom last year when the resale prices were insane, I left the car connected to my account for curiosity and they had it sitting in a parking lot for a couple months with a dead battery so that's something to consider. Also not sure if this was normal but vroom didn't even inspect the vehicle on pickup so yeah be careful
fiehlsport
Tire Guy
That cleaned up nice!! Is it an Intel or a Ryzen car though? The infotainment chip is a lot more important than the rear brake calipers!
I would definitely say buy from Carmax over Vroom or Carvana. Those other two you have to buy the car sight unseen. You also have a month to drive it 1500 miles max and if you don’t like it you can return for 100% of the cost including all TTL and fees.
You could technically abuse this system and consider it a “rental car” for free and they will give back month after month but I wouldn’t advise doing this unless you have funds to cover two cars at the same time (new purchase while waiting for old funds to return) or they have another car on the lot they offer an alternate car and the 30 days start over again.
Again I’m not advising or promoting this but if you have cash and time on your hands…it’s possible.
Ryzen of course
. This chip is 4x faster than the Intel in my 2018 model 3. Sentry viewing, YT, responsiveness, etc. Also has CCS which I forgot to add.
fiehlsport
Tire Guy
Got the perfect build then!Ryzen of course
Lol didn’t know about that interesting. After selling to vroom I would never buy from them.I would definitely say buy from Carmax over Vroom or Carvana. Those other two you have to buy the car sight unseen. You also have a month to drive it 1500 miles max and if you don’t like it you can return for 100% of the cost including all TTL and fees.
You could technically abuse this system and consider it a “rental car” for free and they will give back month after month but I wouldn’t advise doing this unless you have funds to cover two cars at the same time (new purchase while waiting for old funds to return) or they have another car on the lot they offer an alternate car and the 30 days start over again.
Again I’m not advising or promoting this but if you have cash and time on your hands…it’s possible.
Ryzen of course
The whole process on the selling side was supposed to be straight forward but they had delayed sending someone out to pick up the car multiple times when they said someone would be showing up. They used some third party courier that just showed up around 9 pm without any notice lol, didn’t even have a BOL to give me when picking up the car just a huge headache.
fiehlsport
Tire Guy
I sold my ID.4 to Vroom, and it was a local third party flatbed that picked it up. They took pics and gave me a BOL, but the pics were for their own sake, nothing that Vroom actually requested.
Then again, my car went straight to the Manheim auction downstate, and never hit Vroom's website. They flipped it at a $2,000 loss, even at the peak of the used market.
Then again, my car went straight to the Manheim auction downstate, and never hit Vroom's website. They flipped it at a $2,000 loss, even at the peak of the used market.
That's crazy. They are obviously overpaying for used vehicles. These companies will be in trouble soon if they aren't already. I know Carvana has major problems.
I would also be very wary of vroom and Carvana as I have heard the same as posted above. If you look at the history report you should be able.to.see how long it's been sitting. Battery isn't the only issue when a car sits that long.
ZenRockGarden
Active Member
I sold my older 22 MYLR to Vroom during the peak last year. I tracked it - they took it up the coast and almost immediately into a new owners hands - I presume at a small gain despite crazy high prices at that time.
The return of prices to normal has really whacked what is essentially intended to be a light arbitrage service for used cars. It'll settle down, but yeah there may be opportunities to find desperation-deals in the short term as inventory settles back to reality
The return of prices to normal has really whacked what is essentially intended to be a light arbitrage service for used cars. It'll settle down, but yeah there may be opportunities to find desperation-deals in the short term as inventory settles back to reality
Thanks to all wonderful comments - very helpful
I am also trying to wrap my head around how the used car market looks at Tesla/EV in general. I guess it seems outdated if they apply the same “formula” for depreciation as ICE cars esp given there is hardly any degradation (apart from say battery if at all, which may be replaceable down the line hopefully cheaply). I can imagine market supply/demand plays into it but longer term ICE may be like “nokia” phone in 2000s compared to used EV with touchscreens, and hardly any wear
Would anyone with experience in used car market suggest waiting on selling their <2yr old Tesla to look to sell (hopefully market improves given the dip last 3/4 months and also Tesla price drops - albeit short term) ? Thanks
I am also trying to wrap my head around how the used car market looks at Tesla/EV in general. I guess it seems outdated if they apply the same “formula” for depreciation as ICE cars esp given there is hardly any degradation (apart from say battery if at all, which may be replaceable down the line hopefully cheaply). I can imagine market supply/demand plays into it but longer term ICE may be like “nokia” phone in 2000s compared to used EV with touchscreens, and hardly any wear
Would anyone with experience in used car market suggest waiting on selling their <2yr old Tesla to look to sell (hopefully market improves given the dip last 3/4 months and also Tesla price drops - albeit short term) ? Thanks
sure. Right under $50k. USS was my number 1 need. Also this was before the change in the language and $80k increase. That site was getting hammered and I had to refresh constantly every minute to snag this.
