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CPO prices coming down?
- Thread starter Stan Moraski
- Start date
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- Model S
king_rubin
Member
Are you referring to 85 kWh Performance Model S 5YJSA1H27EFP65555 | Tesla?
Its a good deal overall, I bought literally same mileage with the 21” wheels and aome extra addons (spoiler, carbon interior) for a tint bit above that price on January 2nd 2018 also cpo with the same warranty.
Its a good deal overall, I bought literally same mileage with the 21” wheels and aome extra addons (spoiler, carbon interior) for a tint bit above that price on January 2nd 2018 also cpo with the same warranty.
I am not very aware of the bmw market however for a Tesla this mileage is not very significant, especially taking into account the 4 years warranty unless you drive high mileage and will consume the 50k miles earlier which I wont.
The thing is this, as with many luxury $100k+ cars, thinking buying a 4 years old one for much cheaper than new would save much money may not be true (this depends a lot on price of course).
As with most such cars, after 8 years and 100k miles, especially with new generation Model S and much better batteries coming out probably within the next couple years (this also applies to any MB, BMW 100k+ cars as new generation and much better new cars come out), the car will be worth like ~10k. Let's just call it 10k; so the buyer of this pre-owned car is going to basically lose 56k on depreciation over the next 4 years.
I mean how much was this car new? 66 + 56 is over 122k... Did this car even cost that much after tax credit when new? Also as with pretty much all CPO, wear and tear items are not covered and owner will have to spend money to fix those things and they are generally expensive on expensive cars.
Seems the used car is not any cheaper in terms of operating cost compared to the new car (maybe even more expensive). Ya the price looks attractive, but when you actually think about it, it's not.
As with most such cars, after 8 years and 100k miles, especially with new generation Model S and much better batteries coming out probably within the next couple years (this also applies to any MB, BMW 100k+ cars as new generation and much better new cars come out), the car will be worth like ~10k. Let's just call it 10k; so the buyer of this pre-owned car is going to basically lose 56k on depreciation over the next 4 years.
I mean how much was this car new? 66 + 56 is over 122k... Did this car even cost that much after tax credit when new? Also as with pretty much all CPO, wear and tear items are not covered and owner will have to spend money to fix those things and they are generally expensive on expensive cars.
Seems the used car is not any cheaper in terms of operating cost compared to the new car (maybe even more expensive). Ya the price looks attractive, but when you actually think about it, it's not.
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Except it is, never mind the fact that I don't think that a P85D will be worth 10k in 4 years (more like 30 IMO) the car itself was yes around 120k when it was new.
btw, a 2010 M5 w/ 85k miles and standard options is worth 25k on kbb - I doubt a MB is any different so it's worthless for me to spend more time to prove this point.
btw, a 2010 M5 w/ 85k miles and standard options is worth 25k on kbb - I doubt a MB is any different so it's worthless for me to spend more time to prove this point.
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legend502
Member
What do you guys think of this option for CPO? ~ $55K
85 Model S 2014
85 Model S 2014
- 85 kWh Battery
- 265 miles range (EPA)
- 5.4 seconds 0-60 mph
- 24K miles
- Black Solid Paint
- Grey Nappa Leather Seats
- 19" Wheels
- Body Color Roof
- Carbon Fiber Décor
- Standard Headliner
- Autopilot with convenience features
- Free Supercharging
- Keyless Entry
- Power Liftgate
- GPS Enabled Homelink
Ah, now you make sense
I was specifically talking about the P85D/P90D/P100D and their respective L versions.
The P85D that started this thread is faster than a 75D (significantly), and if you are like me some one who cares dearly about road handling as well, the no longer offered plus suspension is an additional bonus that you just cant get anymore.
As for cost, you are 100% right, driving a new tesla off the lot today will depreciate immediately and in my opinion a P85D that already took a large hit to depreciate will hold or even be better than a new 75D, however for entry models such as 85D vs 75D, i'd probably opt for the newer 75D if I could afford it, the $20k swing is still non trivial to some buyers even if it's just $5k a year that's still $5k
Some very good discussion about the exact same topic I looked at CPO (P)85D vs New 75D
henderrj
Active Member
I have a December 2014 85 that I do love. But I couldn't do a solid roof. Also this doesn't have the cold weather package. Although it's only seeds and windshield it's still pretty nice to have. Is this one that Tesla offered you, that is to say with a full warranty?
I think CPO prices are worthless now that we have a car that is not actually refurbished being sold.. for all I know that car can have 10k of body work & paint to bring it to the pristine status of my P85D I bought in January, and I paid about the same as the prices you mentioned above. So I personally don't see the prices going down actually rather staying flat.
It's been discounted over $11K since originally listed, so I have to guess that it's in rough shape cosmetically.
whitex
Well-Known Member
Have you ever seen such pictures? How detailed are they? Does Tesla guarantee those (as in, if it shows up with damage not shown in any of the pictures, they will fix it)? Anyone vouch for "no funny smells"?
CPO nowadays seems like buying "a cat in bag". At least with used car dealers you can personally inspect the car before putting down non-refundable deposit.
