This is just another insult to Tesla owners who bought the hype a few years back. I have been absolutely a$$ slammed by Tesla on depreciation. It’s turned me off so badly to the brand I’d likely NEVER buy another new one. The market for used ev’s is so bad right now that it’s borderline comical. Even good deals get blown off as buyers peruse for even better deals. You can literally get used low mileage Tesla’s for 60 to 75% off the original sticker price paid.
I’ll share a story about the Hertz debacle. A few weeks back I was visiting San Antonio. The media attack against electric cars has created a perfect storm that has absolutely crushed the used market. Their scare tactics have absolutely worked and officially swayed buyers who were on the fence into going hybrid many times. So I’m at the “dollar” rental car which I believe is affiliated or owned by hertz. It was a cheap Priceline booking because I wanted lowest price for 6 days. Guy at the counter goes, I can offer you a Kia forte. I said fine I don’t care I’m just driving it for under a week. Then he says snarkily, at least it isn’t electric! Now he didn’t realize his dumb a$$ comment was directed at a person who has not one but two Tesla’s at home. I said well, I actually have one at home. He goes oh, (pause), hopefully your other vehicle is gas powered and I go no I actually have two. What kind of anti ev country have we become when this is taking place? I said well if you are on a trip I can see about not wanting to worry about charging it but at home if you have a garage life is easy with an ev. He didn’t reply. So back to hertz, we need clarification from someone who actually purchased a used ev from them regarding the published prices on their site. I’m seeing cars listed for 24k that say ev credit. This would be impossible if the car is 28k and they are advertising the ev credit. The tax code says the starting price of the car must be 25,000 or less. I’m 99.9% sure the price advertised is before the ev credit. Which to me means the market is in complete disarray at this moment. You have long range 3s that are 2 years old with 70k miles and 50k miles of battery warranty going for 19,600 after credit. Yes I would absolutely consider a 3 from hertz especially if a large mileage gap existed on the remaining warranty. You have cars that literally have 30 to 50k of warranty left over another 6 year period. It’s borderline sickening to those buyers from a few years back to see Tesla depreciating 33% in 2023. Yes 33% and might get worse. Smfh
I’ll share a story about the Hertz debacle. A few weeks back I was visiting San Antonio. The media attack against electric cars has created a perfect storm that has absolutely crushed the used market. Their scare tactics have absolutely worked and officially swayed buyers who were on the fence into going hybrid many times. So I’m at the “dollar” rental car which I believe is affiliated or owned by hertz. It was a cheap Priceline booking because I wanted lowest price for 6 days. Guy at the counter goes, I can offer you a Kia forte. I said fine I don’t care I’m just driving it for under a week. Then he says snarkily, at least it isn’t electric! Now he didn’t realize his dumb a$$ comment was directed at a person who has not one but two Tesla’s at home. I said well, I actually have one at home. He goes oh, (pause), hopefully your other vehicle is gas powered and I go no I actually have two. What kind of anti ev country have we become when this is taking place? I said well if you are on a trip I can see about not wanting to worry about charging it but at home if you have a garage life is easy with an ev. He didn’t reply. So back to hertz, we need clarification from someone who actually purchased a used ev from them regarding the published prices on their site. I’m seeing cars listed for 24k that say ev credit. This would be impossible if the car is 28k and they are advertising the ev credit. The tax code says the starting price of the car must be 25,000 or less. I’m 99.9% sure the price advertised is before the ev credit. Which to me means the market is in complete disarray at this moment. You have long range 3s that are 2 years old with 70k miles and 50k miles of battery warranty going for 19,600 after credit. Yes I would absolutely consider a 3 from hertz especially if a large mileage gap existed on the remaining warranty. You have cars that literally have 30 to 50k of warranty left over another 6 year period. It’s borderline sickening to those buyers from a few years back to see Tesla depreciating 33% in 2023. Yes 33% and might get worse. Smfh
