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Used car prices don’t rise.
Except for the number of used Model S was higher last year & began falling end of last year into the start of this year & took a nose dive the last few months.It will certainly be a supply/demand function somewhere.
If I had to guess the glut was caused by the expiry of the end of 4 year leases, the leasing program started late 2014 (deliveries early 2015). There was also a 5 year leasing option so perhaps a similar glut will occur early next year. At which point the supply of used Tesla's will normalize to a steady rate.
They certainly can temporarily when one entity controls nearly all of the supply.
There's no more CPO program. These are Tesla inspected used cars.
Except for the number of used Model S was higher last year & began falling end of last year into the start of this year & took a nose dive the last few months.
Used car prices don’t rise.
What? I’ve never heard of a 5 year lease.It will certainly be a supply/demand function somewhere.
If I had to guess the glut was caused by the expiry of the end of 4 year leases, the leasing program started late 2014 (deliveries early 2015). There was also a 5 year leasing option so perhaps a similar glut will occur early next year. At which point the supply of used Tesla's will normalize to a steady rate.
What? I’ve never heard of a 5 year lease.
Tesla only offered 2 and 3 year leases with a 6 month extension option
Not sure where you got the 4-5 year leases from
At the start your lease, you can choose a lease term from 1 to 5 years. You also have the option for an early buyout, subject to the term and conditions of the lessor.
Wow never heard of that before.
Ah now I look into it further it may have been corporate leases only, and usually for small fleets. I thought they had it for individuals at first too, then cancelled it but can't find much to back that up now. Am 99.99% sure there were 4 year leases at first and that was a really good option at that time and is still my main justification for a small glut in used cars at the start of this year.Wow never heard of that before.
I agree with you. It was just after the end of the quarter when they pulled the less desirable cars off the used website.I just bought a cheaper s60 car from Tesla 3 weeks ago and now am looking for a second one... me and a few other forum members think they may use them as loaners or they will relist them towards the end of this quarter to get the revenue numbers up.
Prices of used Tesla's in the US are so much better than in Canada. Here's a listing close to where I live in Ontario. Prices are in CAD and the exchange rate is 1 US $ is = $1.35 CADI was able to snag a USED/CPO 2015 S 85D with 27K for $44,800. Took delivery April 27th. It was fairly loaded except Air Suspension and UHFS. It even had the LTE upgrade. Car is in MINT condition. It started at $47,200 and was lowered every week or so until I pulled the trigger. It looks as though many of the same year/model/options cars are now starting in upper $40k's.