For Sale 2023 Model Y Dual Motor LR (NJ)

[NJEV]

2023 Model Y Long Range Dual Motor All-Wheel Drive

VIN 7SAYGDEE3PA045827
Mileage: 1010 mi
New condition, garage kept, no pets, no smoking

Description:
Dual Motor All-Wheel Drive
Five Seat Interior
All Black Premium Interior
Deep Blue Metallic Paint
19’’ Gemini Wheels
Autopilot

Asking Price $55,500

 

[NJEV]

 

[DomePiece]

Where in NJ, interested if in Northern NJ. After todays price drop, I can do $40k

 

[JER85]

You might want to adjust your price here... this can be had for 50.9K brand new from Tesla with same config. You have to keep your head on a swivel with Tesla pricing these days.

 

[lzt815]

why do you ask a price which is much higher than the listing price, and there is additional tex credit for the new ones. you can't make profit on used teslas anymore. I would suggest you calculate how much you saved from the federal tax credit and also tax rebate from NJ and sell it at a much lower price.

 

[Grame Smith]

The effective price of a new MY in blue color at the moment is $42,500 (provided you are eligible for tax credit)

If you are serious you will price it at no more than $40K. Sorry that you have to make a loss but that is the reality.

 

[Kairide]

The effective price of a new MY in blue color at the moment is $42,500 (provided you are eligible for tax credit)

If you are serious you will price it at no more than $40K. Sorry that you have to make a loss but that is the reality.

You can’t expect a private seller to knock the new EV $7500 tax credit off the sale of a used car. They are selling a used car, not new. Also, it’s a tax liability credit, not a point-of-sale instant rebate. Not everyone will qualify for it anyways depending on their tax liability and income.
The price should be lower than new, but shouldn’t take in to account the $7,500 credit.

 

[Petevb]

You can’t expect a private seller to knock the new EV $7500 tax credit off the sale of a used car. They are selling a used car, not new. Also, it’s a tax liability credit, not a point-of-sale instant rebate. Not everyone will qualify for it anyways depending on their tax liability and income.
The price should be lower than new, but shouldn’t take in to account the $7,500 credit.

So you’re saying most NJ residents should simply order a new Model Y for 50k, drive it a couple months, sell it for mid to high 40s and then wait for their 5k profit to roll in come tax time? Good luck with that…

Used values will settle below new with the incentive. It will take time, however, so the OP does have the opportunity to get out before the full impact is felt. The unfortunate reality is that Model Y’s have been depreciating at >$600 per week for the last nine months, and with ongoing price adjustments and ever increasing production volume that trend looks set to continue.

Tesla Model Y Price Trends and Pricing Insights

Track Tesla Model Y price trends and get real-time, industry leading Tesla Model Y pricing insights.

www.cargurus.com

 

[Kairide]

So you’re saying most NJ residents should simply order a new Model Y for 50k, drive it a couple months, sell it for mid to high 40s and then wait for their 5k profit to roll in come tax time? Good luck with that…

Used values will settle below new with the incentive. It will take time, however, so the OP does have the opportunity to get out before the full impact is felt. The unfortunate reality is that Model Y’s have been depreciating at >$600 per week for the last nine months, and with ongoing price adjustments and ever increasing production volume that trend looks set to continue.

Tesla Model Y Price Trends and Pricing Insights

Track Tesla Model Y price trends and get real-time, industry leading Tesla Model Y pricing insights.

www.cargurus.com

Again, it’s a tax credit, you aren’t getting a check mailed to your during tax season for $7500.
Not everyone will qualify for the tax credit. So if you’re looking for a used Y and can find a newish one in the mid-40s, and don’t qualify for the tax credit then why buy new.

 

[T3SLAROD]

So you’re saying most NJ residents should simply order a new Model Y for 50k, drive it a couple months, sell it for mid to high 40s and then wait for their 5k profit to roll in come tax time? Good luck with that…

Used values will settle below new with the incentive. It will take time, however, so the OP does have the opportunity to get out before the full impact is felt. The unfortunate reality is that Model Y’s have been depreciating at >$600 per week for the last nine months, and with ongoing price adjustments and ever increasing production volume that trend looks set to continue.

Tesla Model Y Price Trends and Pricing Insights

Track Tesla Model Y price trends and get real-time, industry leading Tesla Model Y pricing insights.

www.cargurus.com

What $5k profit?

 

[Petevb]

What $5k profit?

NJ incentives plus the tax credit. They are not paying sales tax like we do in CA.

 

[Petevb]

Not everyone will qualify for the tax credit. So if you’re looking for a used Y and can find a newish one in the mid-40s, and don’t qualify for the tax credit then why buy new.

Most people that can afford the car in NJ will both qualify and have a 7.5k tax liability, which is why I specified “most NJ residents”, not all.

As long as people can flip these cars for a profit they will, which in turn will bring the used price down. If there was only a small pool that got the credit supply and demand would dictate prices stay high, but there’s a large pool and plenty of vehicles. There will be some delay as with any market but it will move simply because there will be more people willing to sell at the lower price than buyers willing to buy at the higher one. Factor in additional supply and price cuts and I’m guessing used 2023s are <35k cars by the end of the year, basically continuing the deprecation of the last 9 months for the next 8 months. As an owner I don’t like it but that’s what I see.

 

[s33t33]

Bro is data-fenced to mid 2021 like ChatGPT and still thinks used Teslas are worth more than new ones

GL trying to sell it, not even Carvana will take them now

 

[OutRun]

Might as well drive it and enjoy it.

 

[gillmj24]

Someone should take this on a Kramer Test Drive, too bad teslas don't have a "needle"

 

[Yoitskenn]

When flipping goes wrong

 

[NJEV]

Perhaps the new car price will go up again, like it did with S and X couple of days back.

 

[gillmj24]

Registered on April Fool's Day....

 

[reefkid]

I would pay $40,001 and pick it up this week.

 

[saj070]

I would pay $40,001 and pick it up this week.

If you buy it from Tesla after taxes and rebate you paying the same thing

Remember you pay $40k the registration title And taxes $$3k so $43k OTD


Buy from Tesla $48630 $52k OTD minus $7500 taxes

$44500 and $46500 for LR