Finance an Inventory MX with Huge Price Adjustment?

[ysquared2]

I was wondering if it makes sense to finance those $60k adjustment cars.

I reserved a P100D, MSRP is $153k and selling price is $93k,
at 3.75%, 72mo loan would be $1550/mo. (take out a 100k loan)

After 45mo I’ve paid $70k in total, and ~$39k left on the loan.

If the depreciation is 50% after 45 mo, I’ll end up paying approx $720/mo effectively.

Am I missing anything here? Thanks!

Inventory MX

 

[Ccs2a]

Wow, what the details of that inventory X? Build date, miles, etc...?

 

[ysquared2]

Wow, what the details of that inventory X? Build date, miles, etc...?

TeslaScout- 5YJXCBE43JF116826 - MODEL_X P100D

It has ludicrous turned off hence the 60k adjustment.

 

[ysquared2]

Wow, what the details of that inventory X? Build date, miles, etc...?

Has 2500 miles on it. Looks like it’s built in late 2018

 

[Ccs2a]

TeslaScout- 5YJXCBE43JF116826 - MODEL_X P100D

It has ludicrous turned off hence the 60k adjustment.

Ah, okay, here’s what you’re missing. The high msrp was before the price drop a couple months ago. Plus, without ludicrous, it’s $20k less than that. I’m guessing a new build with similar specs would be around $115k. So, the 92k price you’re getting is a 23k discount from a new 2019 one. The one you’re getting is a model year older, and has 2,500 miles on it. It’s still a good deal, but you need to look at it as a $23k discount on an older model X, not a $60k discount.

 

[ysquared2]

Ah, okay, here’s what you’re missing. The high msrp was before the price drop a couple months ago. Plus, without ludicrous, it’s $20k less than that. I’m guessing a new build with similar specs would be around $115k. So, the 92k price you’re getting is a 23k discount from a new 2019 one. The one you’re getting is a model year older, and has 2,500 miles on it. It’s still a good deal, but you need to look at it as a $23k discount on an older model X, not a $60k discount.

Ah that makes sense. Thanks!

What is a reasonable depreciation factor then? Lose 30% of the 2019 MSRP after 4 years 50k miles? Am I too optimistic?

 

[outie]

Realistically you are looking at about 50% of current msrp after 3 years.

 

[Ccs2a]

Ah that makes sense. Thanks!

What is a reasonable depreciation factor then? Lose 30% of the 2019 MSRP after 4 years 50k miles? Am I too optimistic?

After 4 years, it’ll be around 50% or so of MSRP.

 

[Lhshockey24]

Despite the high money factor right now, you could have an absurdly low lease payment given the price adjustment is essentially a cap cost reduction. In 3 years you can get into whatever updated X they’re offering.

 

[ysquared2]

Despite the high money factor right now, you could have an absurdly low lease payment given the price adjustment is essentially a cap cost reduction. In 3 years you can get into whatever updated X they’re offering.

Unfortunately they won’t approve any lease with >40k price adjustment. That rules out good p100d leases.

 

[Lhshockey24]

Unfortunately they won’t approve any lease with >40k price adjustment. That rules out good p100d leases.

Bummer! We leased our P100D with a $46k adjustment in 2017...

 

[ysquared2]

Bummer! We leased our P100D with a $46k adjustment in 2017...

Ya their finance department is a mess. Even if the adjustment is less than 40k they review it on a case by case basis. They don’t have a consistent guideline.