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Decreased Residual Value
- Thread starter the_lorax
- Start date
How does one buy 13 Tesla’s from a car company that is only 15 years old?
I see, I had presumed they would have adjusted stock prices by now. In the UK, inventory cars have dropped in price accordingly. I wish we could get 60%+ residuals!
Pandamoanium
Member
Maybe I was early, but within reason, Tesl will not just magically start lowering prices and factors to generate an awesome deal I was hoping to get. They still gotta make money!
No doubt! How about starting with freedom of speech against the gov't. Oh wait, any negative words about Winnie the Pooh, their president, will land them in jail. Or how about just leaving Taiwan, a democratic country, alone and not try to invade and bring it back into "the motherland", Lol. How about not building artificial islands and declare sovereignty thousands of nautical miles away from your own coast line?
Super_Popular
Well-Known Member
SimonT
Member
Is it anything to to with impending competition from Audi and Jaguar? Tesla has had a monopoly on luxury EV's and now people have a choice and both the ipace and etron are cheaper than the Tesla?
I don't quite follow? Now they have reduced the price of new models significantly, inventory stock will be forced down unless people are into the idea of paying over new list price for a nearly new car.
Pandamoanium
Member
Sorry. Typing on phone and don’t check what it spits out. Lol.
I was trying to say I might have asked for quotes before the prices were adjusted accordingly. They must have decreased the residuals to offset the discounts. Because those inventory ones even with name changes should technically have the msrp of how they were built. Unless I’m wrong about that and they can change it however they want.
I was searching for high msrp models, around 60%+ residual and a huge discount to bring them down to current prices of new.
Yes. As a current new model x owner 100d and loosing the 15% Residual Value on the exact same model x 100d that my neighbor can buy for 20k less is insane. As much as I live my car the company is unstable.
Their is no new model. No new battery technology. No new hardware to super seed. And then follow the natural depreciation curve.
I'm luck I leased. So this drop actually will sit with Tesla model in 4 years. And then I will simply buy the 2019 model x that is 20k cheaper than mine.
Their is no new model. No new battery technology. No new hardware to super seed. And then follow the natural depreciation curve.
I'm luck I leased. So this drop actually will sit with Tesla model in 4 years. And then I will simply buy the 2019 model x that is 20k cheaper than mine.
No change in the residual for current leases. But those will be able to return car and not absorb that loss. Although if they did update the residual with the current decrease in price. I will buy the car at end of lease.
Sadly those who financed. Are stuck eating the price decrease already. Almost like the US mortgage crisis in 2008. People are holding a loan that is not worth the value of the loan.
Sadly those who financed. Are stuck eating the price decrease already. Almost like the US mortgage crisis in 2008. People are holding a loan that is not worth the value of the loan.
Pandamoanium
Member
Haha, even worse for early adopters like us. Oh well, at least we still enjoy the car. Upgrades could be in the future.
I will look at the costs when I do the buyout. Regular warranty will give me one extra year at least. Good question though.
Not sure what i'm going to do with massive price drops. I went to Tesla today to buy a performance X because I was told that if you are an exsisting model X/S owner that you get ludercouris for free along with the new motor and suspention on new builds. So I went to the local Tesla sales office and asked them about it. They confirmed that was correct. My new build was going to cost around 112k with FSD and ludercouris. Which was a couple of thousand less then what I paid for my X75 in May of 17. I was courious of what they would give me for my X They put in a request for a buy out of my car and they came back with 51K....lol. I asked them if that was a joke and they said no but if I took it to Carmax and they gave me a better buy out they said they would match it and that was only Carmax that they would do it with. So here is my delima I love my X but luckily I have a 3 year lease on it with exactly 1 year left on it. They tell me that they will give me 51K for it today. I am wondering what it will be worth next year when my lease is up. My residual at the end of the lease is 69k. At which I thought at the time was reasonable and I would have gladly paid for it because it has every option and free lifetime super charging plus it will be getting the new MCU3 when it becomes availiable. I am not rethinking my thoughts on buying it after the lease is up but I dont want to overpay on something that is not even close the worth of the residual value. I guess im just lucky I leased it instead of buying it. I am also rethinking about buying the new performance X.
I have trouble parsing this.
Are you saying nobody was leasing Tesla before the sunset of the Fed EV tax? This is obviously very untrue.
you paid more than $112k (without tax/fees ) for an x75?[/QUOTE]
Sadly I did...like I said I can buy a brand new performance X with lud and the new front motor and adaptive suspension and 10 to 15% more range for the same price I paid.
Sadly I did...like I said I can buy a brand new performance X with lud and the new front motor and adaptive suspension and 10 to 15% more range for the same price I paid.
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