Depreciation

[Yev000]

The SR+ was £ 37k inc grant before the price increase so £41k before the grant.

As a cash buyer you also are effectively saving the cost of financing say around 5% a year which lease companies would be factoring into their prices.

Right, sorry my head still calculates my trade in which puts it below 35.

I got a 2% loan on 36k, which works out to about 2k interest over 5 years. So not quite, but about 2k better off than hire purchase from the Tesla site.

 

[Rooster6655]

You can see why some people call Musk a 'Con man'. The Model 3 was suppose to be the 'affordable' EV, and allow more owners to enjoy the Tesla brand.

Based on that spec a P Model 3 is coming in at £61k, even a half decent spec LR AWD is nearly £50k.

In effect lots of people waited years and yeads for no reason, as they could have got into a Model S for similar price back in 2015/16!!

The best way to avoid depreciation is a used Model S, at £30k ish its an absolute bargain compared to a new 3.

2015 Model S 70 £47k
-No Autopilot 2
-AP 1 not included in price add £4k
-220 real miles
-No Dual motor
-No FSD potential
So your looking at £51k with AP1 minimum

vs
Model 3 SR+
£37k OTR
-AP2
-220 real miles
-FSD potential

I will agree however there are some good deals on a used Model S from Tesla for around £40k but in a few years it will be similar for the Model 3

 

[Yev000]

Haha don't make me laugh, half of what Musk says is a con.

The fact a Model 3 costs nearly as much as a Model S is a perfect example. I wonder why Tesla stopped offering the 'cheaper' Model S, could it to create the illusion that the Model 3 is actually good value, when the reality is far from that!

"cheaper" model S actually don't compare favorably to the Model 3 P. It's just bigger.

So don't quite get what you are talking about. Model 3 is clearly better value in almost every way.

You are also comparing prices from when the £ was a lot stronger.

 

[Rooster6655]

You are also comparing prices from when the £ was a lot stronger.

Yes it was around 1.5-1.6 during 2014-15

 

[gangzoom]

So don't quite get what you are talking about. Model 3 is clearly better value in almost every way.

Yeaph getting people to be happy with paying £40k+ for a 'cheaper' EV, sums up why Musk is so good at what he does.

Musk is as good as a PR man as the best BMW/Audi could ever wish for. Its not a bad thing for Tesla, as getting people to spend ££££ is the ultimate aim, but equally you have to admit the Musk is full of BS as the rest of the automotive companies.

 

[GeorgeSymonds]

I'm not sure that used Tesla cars in the UK seem to be as sought after as some people are suggesting.

I was tracking prices of used Model S cars on the Tesla UK website a few weeks ago and couldn't believe that the prices were being discounted on a daily basis, some cars were being reduced by £100 a day (2015 Model S 85 with 56k was reduced down to £32,900), and some were going down by £500 a day.

There was a 2017 Model S P100D with Ludicrous (26k miles) that was reduced by £2,400 over the course of a week and was showing as £63,900 for a car that someone bought for around £120k just two years ago.

Its hard work tracking prices on the Tesla website, I tend to use tesla-info

This one is not a P100D but a P90D with a few more miles, there was a lower mileage one whch has sold, but you can see the prices fall daily and the upwards tick was when the other car sold

Tesla Info: 2016 MS P90D in UK listed at £52390

 

[pdk42]

I got a 2% loan on 36k, which works out to about 2k interest over 5 years. So not quite, but about 2k better off than hire purchase from the Tesla site.

Where did you get £36k at 2% from? Would be interested to know since I'm moving to the view that I'll just finance it on a straight loan.

 

[Yev000]

Where did you get £36k at 2% from? Would be interested to know since I'm moving to the view that I'll just finance it on a straight loan.

Barclays using a mortgage....

2.04% fixed for 5 years

I actually only have 34,261 left on it since Barclays was a few months faster than Tesla.