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Depreciation on 3 year old Model S 90d

Discussion in 'Model S' started by evalst2018, Dec 4, 2019 at 2:24 PM.

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  1. evalst2018

    evalst2018 Member

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    #1 evalst2018, Dec 4, 2019 at 2:24 PM
    I recently went to Tesla, to trade in my 2016 Model S 90d with the following options:

    Model S 90D $88,000.00
    All wheel drive Included
    Midnight Silver $1,000.00
    All glass roof $1,500.00
    Grey Leather Seats $2,500.00
    Autopilot $2,500.00
    Premium Package $3,000.00
    Ultra fidelity sound $2,500.00
    Rear facing seats $3,000.00
    $104,000.00 ​

    Car is in excellent condition, with 62k miles, and has lifetime unlimited charging.

    Who wants to guess what Tesla offered me to trade-in for a new 2019 Long range Model S?
     
  2. zanary

    zanary Member

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    #2 zanary, Dec 4, 2019 at 2:26 PM
    I would guess around $65K.
     
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  3. SilverGS

    SilverGS Member

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    #3 SilverGS, Dec 4, 2019 at 2:26 PM
    • Like x 1
  4. IDag

    IDag Member

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    #4 IDag, Dec 4, 2019 at 2:28 PM
    Well I know my trade in value on a domestic non-tesla was about half what its book value was and a 1/3 less then other dealerships offered as trade in...hoping since authentic tesla used are pretty valuable they gave you better!
     
  5. evalst2018

    evalst2018 Member

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    #5 evalst2018, Dec 4, 2019 at 2:45 PM
    Last edited: Dec 4, 2019 at 3:42 PM
    Guys common, we all know Teslas have the least amount of depreciation of any vehicle, Elon has said so many times.
     
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  6. pilotSteve

    pilotSteve Active Member

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    #6 pilotSteve, Dec 4, 2019 at 2:49 PM
    yeah, even if you OWN it instead of LEASE it.
     
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  7. brkaus

    brkaus Well-Known Member

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    #7 brkaus, Dec 4, 2019 at 2:49 PM
    Don’t forget to subtract the $7.5k from the purchase price.
     
  8. ICE collector

    ICE collector Chrome wont get you home...

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    #8 ICE collector, Dec 4, 2019 at 3:02 PM
    @evalst2018 I would say around $35K tops. If its higher than that the question to ask is how does Tesla even make any revenue reselling used vehicles?
     
  9. AMPd

    AMPd Active Member

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    #9 AMPd, Dec 4, 2019 at 3:05 PM
    40k
     
  10. AMPd

    AMPd Active Member

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    #10 AMPd, Dec 4, 2019 at 3:06 PM
    Lol, joke?
     
  11. trm2

    trm2 Member

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    #11 trm2, Dec 4, 2019 at 3:16 PM
    then probably another 2.5k from CA.

    I’d guess $32,500
     
  12. TonyT

    TonyT Member

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    #12 TonyT, Dec 4, 2019 at 3:19 PM
    I second the 35k.
     
  13. r1200gs4ok

    r1200gs4ok Member

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    #13 r1200gs4ok, Dec 4, 2019 at 3:34 PM
    so what did they offer or dod I miss it
     
  14. PWlakewood

    PWlakewood Active Member

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    #14 PWlakewood, Dec 4, 2019 at 3:39 PM
    37k
     
  15. evalst2018

    evalst2018 Member

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    #15 evalst2018, Dec 4, 2019 at 3:45 PM
    You guys know your numbers too well. PWlakewood is the winner.

    Model S 90D $88,000.00
    All wheel drive Included
    Midnight Silver $1,000.00
    All glass roof $1,500.00
    Grey Leather Seats $2,500.00
    Autopilot $2,500.00
    Premium Package $3,000.00
    Ultra fidelity sound $2,500.00
    Rear facing seats $3,000.00
    $104,000.00

    3.75 years old/62kmi $37,900.00
    Depreciation 63.56%     ​
     
  16. r1200gs4ok

    r1200gs4ok Member

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    #16 r1200gs4ok, Dec 4, 2019 at 3:55 PM
    ouch.......I. might re-think my 2020 Model S that I have on order
     
  17. cucubits

    cucubits Member

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    #17 cucubits, Dec 4, 2019 at 3:56 PM
    Even I am amazed by that number. I would've guessed a little over 40.

    Maybe because of the high-ish mileage? Maybe they're just crazy?

    Is it a facelift? Maybe you could sell it privately for around 50
     
  18. iRia

    iRia Member

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    #18 iRia, Dec 4, 2019 at 3:59 PM
    Crazy. You can't even buy the cheapest one on their website (SR+ Model 3) with that offer. But I am not surprised. Seems about average.
     
  19. ZAKEEUS

    ZAKEEUS Member

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    #19 ZAKEEUS, Dec 4, 2019 at 4:12 PM
    The real problem is you can get a new Long Range Mode S with similar configuration, close to 100 more miles of range, and FSD hardware for $83k.
     
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  20. r1200gs4ok

    r1200gs4ok Member

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    #20 r1200gs4ok, Dec 4, 2019 at 4:23 PM
    yep....thats what I did
     
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