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Thanks for the replies, I wouldn’t be selling because I have to quite the opposite, I’d sell it simply because I despair at losing such a large sum of money in such a short period of time, for me it’s time to ‘cash out’ as the saying goes. And even with prices being as low as they are I wouldn’t buy again just yet.
Thanks again, anybody want an absolute bargain of a car Lol
Loss in Valuation is a sunk cost. Nothing you can do. Keep it if you need the car or sell it at the loss if you want some money back.Ok basically long story short, I have a model3p full fsd the usual generic Tesla car, I have owned luxury mid range cars for over 30 years, in that time I’ve had new E classes, BMW’s, Porsche etc etc you get the picture. I Bought this car used about nine months ago as we have the solar panels and battery set up at home so it seemed like a good idea. I have never lost so much value on a car in such a short period of time, and that includes around ten new cars over my driving lifetime, I bought it at a good price and if I was to sell today I’d lose around 16k. The car doesn’t cost anything as I bought outright but after doing a bit of web research it appears not only are they going to stay low there likely to carry on falling like a brick.
I like the car, well it’s ok, there’s a lot of party trick features to it that simply is a waste of time apart from demonstrating to others what it can do, kids seem to think it’s cool, I could also pull it apart after coming from an S class but that’s another topic.
So do I sell and take the hit, maybe buy one again after a year once the ev market stabilises, or stick with it hope for the best and put my blindfold back on.
No abuse please, this is just a general question as nearly everyone on here is in the same boat if you own your Tesla.
Thanks.
Ps, sorry not so short after all.
So, you classify the top end of the Model 3 a "generic" Tesla?I have a model3p full fsd the usual generic Tesla car...
Yes, I get the picture: you like to bragI have owned luxury mid range cars for over 30 years, in that time I’ve had new E classes, BMW’s, Porsche etc etc you get the picture.
9 months ago (circa May 2022) was the height of the over-priced cars trend. You literally bought at the top of the bubble and are surprised that it has lost so much value?I Bought this car used about nine months ago as we have the solar panels and battery set up at home so it seemed like a good idea. I have never lost so much value on a car in such a short period of time, and that includes around ten new cars over my driving lifetime, I bought it at a good price and if I was to sell today I’d lose around 16k.
I'm sure there is no confirmation bias going on here......but after doing a bit of web research it appears not only are they going to stay low there likely to carry on falling like a brick.
You are comparing two vastly different cars: the S Class starts at $114,500 and the M3P starts at $54,000I could also pull it apart after coming from an S class but that’s another topic.
Yes, please doSo do I sell and take the hit
Very presumptive to assume everyone is in the same boat as you. I have no intention of selling my M3 SR+ any time soon: I hope to get 200,000+ miles out of it (currently at 67,000+).No abuse please, this is just a general question as nearly everyone on here is in the same boat if you own your Tesla.
Two things I would say! Seems like owners can’t swallow the “overnight” depreciation on their cars as they are too high for many owners who purchased in 2021/2022. This means they will try to get as much for their car as they can so I would assume that is keeping the pricing high. Second, usually around this time in the year used car prices are strong due to tax refunds coming through, and people having “extra” money to spend on items like a car. This is why I think the prices haven’t decreased as quickly as they should have but at some point they will. Especially with subprime borrowers having the highest delinquencies in the last 20? Years or so.It is going to be two months since Tesla slashed prices in January. There was further $500 reduction in Feb also. Model 3 (Even Model Y) used car prices are still holding up good and are even higher than than buying new. With Tax rebates, a RWD Tesla is $37K ($42.9 + Destination etc - $7.5K Tax rebate). Waiting times are much lower also.
Agree that high income folks ( Single $150K, married couples filing jointly $300k etc) will not quality for tax rebates. Also, there will always be someone who wants the car the very next day. By and far, I assume this number should be low.
While I don't know the actual sales price of these cars, listing prices seem to suggest that owners are expecting higher dollars than the new ones. What is going on Tesla used car market?
Likely because some people can’t wait for delivery times or are not fully informed about the tax incentives (or don’t qualify). Also just because you can get one for 37K brand new doesn’t mean it will have the exterior/interior color and packages people desire (these will drive the cost for a new vehicle up if you add these items in). You also still have to pay sales tax on the new vehicle.It is understandable that current owners will find it difficult to swallow the price reduction on their cars. What I am surprised is about the asking price people demand when you can get a Model 3 for $37K.
Without someone willing to pay prices in that higher range, why would people put those kind of prices? I have to assume that there is a market out there willing to pay higher prices?
There is a google document that goes through pricing histories for Tesla cars that can be found here:Not sure when Tesla will start taking orders for Long Range AWD. What is the price difference between RWD and Long Range AWD versions? Based on some old price comparisons, I see close to $9K difference. Can anyone comment. Thanks
Thanks. This is really useful. As I see it, from approx $11k difference in 2022, it is $6K difference now between RWD and LR AWDThere is a google document that goes through pricing histories for Tesla cars that can be found here:
If I were to put an estimate at how much the LR AWD M3 would cost in the future it would probably be right around 49K. That would sit slightly under performance but above SR+, which would make it an attractive price for people to upgrade.