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Maybe the wording of the down/deposit was different in the past when it was CPO vs now it's called "used", but here's the excerpt from my order agreement:
View attachment 398682
They make it very clear that the $2,500 is to make up for their cost to get this vehicle ready for you and it is non-refundable. There is no where in any of the agreements I saw indicating that the 7 day policy towards another car.
My bad...72 hrs, not 7 days, at least according to my order agreement.
The process is flawed and not in line with a new purchase where it has been stated, drive for a week or 1k miles and if you don't like it you can return it...
Congrats!This community has been so helpful to me in my Tesla purchasing process that I thought I would share some recent lessons learned for future CPO/used buyers on the 2015 85D I picked up last week. This is obviously just based on my ONE experience, which could differ with a different vehicle or different sales rep.
Here we go..
- Really do your research on not just the year of the car you are buying but preferably pinpoint to the exact month that it was manufactured to understand what options you are really getting. Tesla, unlike other manufacturers, constantly make changes to their cars. The same year car manufactured a month apart, or even in the same month, may have differences in them that you would actually care about. In my case, the seats from original standard to nextgen which 2015 had both. Once you know the cars manufactured month/year, use this website to see what options you may have/not have: Model S - Options by Year - Tesla Motors Club Wiki. Alternatively, use the VIN number to try to find some clues via research on these forums of what you may/may not have.
- Good used cars do go fast. I've seen vehicles I wanted take down the same day it was listed. Do your research, know what you want, and be ready to pull the trigger. Tesla seems to use some sort of time based discount system where I see a lot of vehicles get cheaper every day it is not sold. Good strategy to keep down inventory.
- The $2,500 towards the used vehicle that you're required to make prior to even seeing the car is a down payment towards that specific vehicle and NOT a deposit. The sale rep originally make it sound like a deposit and if I don't like the car I see in person, I could easily change that deposit to another used vehicle. He even told me that of the 150+ used Tesla's he's sold, only a few refused the delivery, and one was an example where they decided to get another Tesla instead (forgot it was another new or used one), making it sound like it was easy to swap my "deposit" from one Tesla car to another. Later on when I was hesitating about the seat (gen 1 /1.5) potentially not meeting my needs and asked if it wasn't comfortable for me, can I move my deposit to another used vehicle with Nextgen seats, he then changed his tone from that first call and said that the $2,500 is a down payment and the seats are not fitting my needs would not be a valid reason to refuse delivery, even though I tried to test these seats out before I purchased, but they were not available at the centers for me to try, and I also said I would drive to the car's location to try out the seats, but the sales rep refused to let me do that. So I was committed to buying a car that I can not test out the seats for, because of the impression he gave me on the first call that it was easy to switch the "deposit/down payment" as long as it was a car directly through Tesla. Luckily I didn't have to push to return since my wife ultimately preferred the standard seats over the more restricting bucket type nextgen seats.
- The pictures they send may not at all capture the damages of the vehicle, even ones that are significant/obvious. Of the pictures they sent me, it only depicted one of the damages which were scratches on the body near the tire, I looked through the pictures with the sales rep and we both agreed that it looks good except for that one picture. The day I inspected it, these were the issues I noted: 1) 2 rims had severe curb rashes, which event though there were pictures of each rim, they were really low quality and impossible to tell (they later indicated that they would fix it for free at a later service date and noted it in my account for this), 2) scratches on the right back side of car (this was the pictured damage; however, the picture of this had water drops all over it still and it was impossible to tell the extent of the scratch, which was much worse than depicted. They took the car back after i mentioned it and and later on buffed most of it out), 3) Big scratches inside the trunk lift gate (they indicated they can't fix this and it was part of normal wear. I wasn't too concerned with this as the items I carry would eventually scratch this part up anyways, and being black interior, it wasn't super noticeable), 4) big white scratch on back seat leather (they took it back and probably used some type of liquid leather repair or something, but they fixed it enough that it wasn't noticeable anymore, it helped that it was black leather I guess, 5) looked like a bunch of damage of sorts on the driver side silver door trim (scratches, discoloration, hard to tell at the time). They indicated that they cannot fix that damage, I was ready to have to have that trim replaced, but when I got home, took a magic eraser to it, and it came right off .
- On delivery day, do not rush to sign the agreements/forms, take your time to inspect the vehicle and call out all the imperfections and have them attempt to fix them (or put it on a Due Bill on your account which they will fix for free on a later visit). Take a good flash light with you to inspect the interior carefully, Re-inspect what they "fixed" when they come back and make sure it is satisfactory to you or else have them fix it again. There's a 37 point check list posted on these forums some where that I used as a checklist to run through. DO NOT let them rush you to sign.. the person tried to get me to do the paper work while they where fixing it, I refused and insisted on waiting until all fixes are done and the car is in a condition satisfactory to me. Don't sign anything until they have fixed it to your satisfaction.
Super long winded.. but hope that helps prospective buyers! With all this considerations and stress I went through with the process, I am still beyond giddy with my beautiful Tesla!
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All...this is really going to bite Tesla with the used model threes. They will not be in as good as the 100k cars coming off of lease agreement year or so ago. The better bring back the original full CPO program back!
Also, see picture of my order agreement circa Sept last year. Do you see the last sentence on your MVOA?
Too bad there is so much onus on the buyer now. When I bought in 2017 it was understood that the reason the CPOs were so expensive is because they extensively restored them. In my case, for example they removed curb rash and buffed scratches before I picked it up.
It does seem like a very deliberate change in Tesla's philosophy for their used inventory when they switched from CPO to Used. Instead of spending their time/money on getting that used vehicle to a high standard condition and charge higher prices for it, they sell it pretty much "as is".....
And where is that "70 point inspection"? No where AFAIK.
I was looking forward to 2025, to getting a CPO Roadster. Not any more, just going to keep what I have....
I think you're right that there are indeed savings, because the price of all the cars on EVCPO have been dropping rapidly. The problem is it leads to a pretty confusing process for me. The resale prices are also tanking I guess because of all the other actions Tesla's been taking, like dropping the prices on new MS's by huge amounts all of a sudden.It does seem like a very deliberate change in Tesla's philosophy for their used inventory when they switched from CPO to Used. Instead of spending their time/money on getting that used vehicle to a high standard condition and charge higher prices for it, they sell it pretty much "as is" with general mechanical inspections only, but then passing some of that savings to us I guess.
I think you're right that there are indeed savings, because the price of all the cars on EVCPO have been dropping rapidly. The problem is it leads to a pretty confusing process for me. The resale prices are also tanking I guess because of all the other actions Tesla's been taking, like dropping the prices on new MS's by huge amounts all of a sudden.
It's confusing me because I'm trying to figure out if I want to "upgrade" my CPO P85 to a slightly newer car with AP1 (like an 85D, P85D, 90D; I might also consider 70Ds if they're "uncorked"). They have dropped a lot in price and are now way south of 40k. but I have no clue how much id get for mine. something tells me I'll be quite disappointed
Anybody know how to truly estimate the value of your Tesla on the used market? I am interested in selling mine to fund the purchase of a newer model as I JUST missed the AP2.0 by two months and I use it HEAVILY. Want to be able to use the AP3.0 when released. I contacted Tesla and am not happy with the trade in value I was quoted for my 6/2016 S90D...
I'm staying away from checking prices now just to avoid the instant buyer's remorse factor haha.. I have no doubt that in a year, I could probably get a P85D, same mileage same condition, for what I paid for my 85D now, or less!
Yeah, I don't think they offer good trade-in values.. not sure on Teslas specifically, but I'm just basing it on what they offered for my 2010 VW GTI. They offered $5k whereas Carmax gave me $6.5k. They do price match though.
In my case it was the reverse. Tesla offered me $8k for my car which the wackos at Carmax offered me something nutty like $1.5k for. That was definitely a joke and they thought I was a moron. It was a turbocharged convertible with 265hp. and it was June.I'm staying away from checking prices now just to avoid the instant buyer's remorse factor haha.. I have no doubt that in a year, I could probably get a P85D, same mileage same condition, for what I paid for my 85D now, or less!
Yeah, I don't think they offer good trade-in values.. not sure on Teslas specifically, but I'm just basing it on what they offered for my 2010 VW GTI. They offered $5k whereas Carmax gave me $6.5k. They do price match though.
hope it goes well for you...Good initial post. I agree with most comments on here...poor pictures, hit and miss sales reps, etc. I'm early in the process, just paid deposit of $2500 today. Will do a write-up of my experience when completed. So far I've emailed and called my sales rep several times before putting down a deposit when I had questions about other cars (that all sold within a few days) and my sales rep has yet to contact me back at all other than the initial 1st email that is a copied and pasted response referencing various warranty and purchase info from their website. Luckily my local new vehicle sales dealership answered some questions for me and seemed genuinely interested in helping me as a customer.
Fingers crossed as each day passes....
hope it goes well for you...
I live in FL, picked up CPO in NY (pre delivery option), it was registered in NJ and was given CO temp plates...
purchased (in full) last Oct...got title and plates mid Jan...
so a total mess for me...and during the 7 days that I had from deposit to taking delivery, they lost the car, 48 hrs prior to my arrival, they hadn't located it (ended up they thought it was being delivered to them, but it sat at a Manheim facility and they had to go and get it themselves)....
reps are def on both ends of spectrum... I got both
best of luck...
and congrats!!
I'll say this... in the end, I could give 2 fks about the poor service (I left out other bs I experienced).... the car is so fkn awesome!
Maybe the wording of the down/deposit was different in the past when it was CPO vs now it's called "used", but here's the excerpt from my order agreement:
View attachment 398682
They make it very clear that the $2,500 is to make up for their cost to get this vehicle ready for you and it is non-refundable. There is no where in any of the agreements I saw indicating that the 7 day policy towards another car. In talking to the sales rep, they said it's to prevent people from "shopping" while they incur all this cost to get the vehicle ready for me.. which I don't really understand what they really did besides a car wash, interior vacuum, shipping the car in their normal mass transit schedule for 70 miles .. because they definitely didn't make an effort for any "repairs" that seemed obvious which I made them do at the delivery center.
My car was manufactured March 2015.
Absolutely I agree that buying used through them is still 100% better than PP. for some weird reason, it seems like PP was actually MORE expensive than the Tesla used site for the ones I saw. Add on the 4yr/50k miles warranty it was a no brainier.
It's very obvious that they just don't care very much about their used sales process. They just want a fast efficient way to get that used inventory out their door ASAP. Even their regular sales center reps kept asking me why I'm buying used S and tried to get me to buy a new 3 or Y instead.. it's just their priorities it seems.