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CPO Price vs Blue Book

Discussion in 'Model S: Ordering, Production, Delivery' started by Jtalberts, Jan 3, 2017.

  1. Jtalberts

    Jtalberts Member

    Joined:
    Dec 31, 2016
    Messages:
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    Location:
    Wheeling, WV
    I am looking at the following

    Tesla CPO
    2013 Model S85
    32,000 miles

    EXTERIOR
    Brown Metallic Paint
    All Glass Panoramic Roof
    19" Aerodynamic Wheels

    INTERIOR
    Tan Performance Leather Seats
    Piano Black Décor
    Standard Headliner

    OPTIONS
    Tech Package
    Smart Air Suspension
    Ultra High Fidelity Sound
    Subzero Weather Package
    Extended Nappa Leather Trim
    Premium Interior Lighting

    $63,000

    KBB on this car comes up at $58K and NADA is about $48K. These aren't taking into account CPO at all, but the NADA value just surprised me. Comparing the other CPO cars, the values is pretty spot on but Tesla is setting all those prices.

    I searched for threads on this and didn't really see anything directly related.
     
  2. Jtalberts

    Jtalberts Member

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    I guess I should post the question. Does that price seem like Tesla is high or pretty much the CPO adds that much value to the car price?
     
  3. jaguar36

    jaguar36 Active Member

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    It seems more like NADA is just wrong. The 3rd party market for Tesla's is tiny so there won't be much data for them to draw from, and its possible that things like salvages are pulling down their estimate.

    As for KBB vs CPO, I would absolutely say that the CPO adds $5k to the value of the car. You get an extra ~3 years and 30k miles of warranty, which is very likely to be worth a few grand. Add in the piece of mind of buying from Tesla, and its a better idea to go with the CPO.
     
  4. Jtalberts

    Jtalberts Member

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    FYI, I spoke with a buddy that works at a credit union loan department. He said a non-CPO Tesla, they put the value at $63k even. So their value is pretty spot on or even below what the market value is.
     
  5. skitch23

    skitch23 Member

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    Its actually 4yr/50k miles for CPO from Tesla, but I agree with you that it adds about $5k in value compared to cars out of warranty (or darn close to it).
     
  6. jaguar36

    jaguar36 Active Member

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    Right, but the car has a year and 20k of miles worth of the original warranty left on it, thus you get an extra ~3 years and 30k miles.
     
  7. Randaddy

    Randaddy Member

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    #7 Randaddy, Jan 4, 2017
    Last edited: Jan 4, 2017
    CPO warranty resets when the new owner takes delivery. If his CPO currently has 32k on it now, it'll be covered (up to) 82k or 4 years from the date its delivered to the new owner, under the CPO limited warranty.

    Also if OP is seriously considering a CPO, $63k for a '13 S85 with 32k miles seems high, I paid less for a '13 P85+ just last month with similar options. Check out the Tesla CPO consolidator sites like EV-CPO.com to get an idea of pricing, and contact your local CPO adviser for cars that may have not been listed.
     
  8. skitch23

    skitch23 Member

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    +1 for ev-cpo.com

    The car I bought a couple of weeks ago wasn't even listed on the main Tesla page yet, but ev-cpo alerted me to its availability.

    There is a whole thread about it on here too - EV-CPO.com CPO Consolidator support thread
     
  9. Jtalberts

    Jtalberts Member

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    That is where this car was discovered. I wasn't looking for the Performance version.
     
  10. Looking-for-S

    Looking-for-S Member

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    Set up an alert on ev-cpo if you are serious. I was looking at this price point but the CPI sales people were taking days to respond. A 2015 85D (AP1, Tech Package) showed up for $65k and I put my deposit online within 2 minutes. Had the car about a month now :)
     
    • Like x 1
  11. tdjvfr

    tdjvfr Member

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    It would seem buying from another owner that has purchased the extended warranty is a better deal.
    I purchased from an owner when the car had 18k miles. The extended warranty is good to 100k miles or 4 years. It adds to the end of the original warranty.
     
  12. Looking-for-S

    Looking-for-S Member

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    I asked about buying an extended warranty on a CPO car and was told no. I pointed out this discrepancy also - you can get more warranty by buying a used one from a private party and paying the first owner to extend the warranty before the transfer. Just got blank stares. Oh well...
     
  13. Randaddy

    Randaddy Member

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    Is extended warranty coverage different from the CPO 4 year/50K bumper to bumper limited warranty? I have read that repairs performed under the extended warranty still carry a deductible where the CPO warranty does not, so the amount you're saving would diminish if repairs were calculated in. The best deal you can find IMO, is a private party that's selling a CPO car after a short time of ownership, as the CPO warranty is transferable.
     
  14. Az_Rael

    Az_Rael Supporting Member

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    The extended warranty has $200 deductibles for repairs and REQUIRES you hit every maintenance within 1000 miles or 30 days. So it is actually quite a bit more expensive than the CPO warranty once you add in the maintenance costs.
     
    • Informative x 1
  15. mbhforum

    mbhforum Member

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    I just checked and KBB has the CPO I am in the process of buying at $77576 at Fair Purchase Price and Retail Price is $79k, I paid $72,500 for my CPO , so I really feel like I got a good deal. This one stuck out at me and luckily I grabbed it when another buyer fell through (I had the link bookmarked and on a whim decided to check it on New Years Day).

    2015 85D Midnight Silver Mettalic
    10,500 miles
    Tech Package
    Pano Roof
    AP 1.0
    19" wheels
    Subzero Package
    Black Nappa Leather Seats
    Obeche Matte Wood Trim
    Textile Headliner
     

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