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Help with used car pricing

Discussion in 'Model S: Ordering, Production, Delivery' started by TravelSD80, Apr 16, 2016.

  1. TravelSD80

    TravelSD80 Member

    Joined:
    Mar 29, 2016
    Messages:
    71
    Location:
    San Diego
    I'm having a hard time determining if the asking price for a used MS is realistic or not. Edmunds, and KBB don't estimate used Tesla values. I did find a MS in the region that is appealing, but my gut tells me asking is a bit much. Cars.com did have Tesla as an option, but threw back an error on a 2016 model estimate.

    70D 2016 model
    5K miles
    AP *NOT* enabled
    Pano roof
    Base black paint
    Subzero package

    A few aftermarket items such as tinted windows, custom rims (which I actually don't like), and clear bra. Asking $70K. Using the MS design page, the same car runs about $80K new. So that's $10K savings for 5,000 miles and a few months old.

    Thoughts on the value? Its been listed for almost two weeks, so hasn't gotten immediately snapped up.
     
  2. Ryan Dodson

    Ryan Dodson Member

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    Location:
    Winston-Salem, NC
    I would look at pre-owned cars on Tesla's website and try to gauge a fair price from there.
     
  3. TravelSD80

    TravelSD80 Member

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    Well the issues is there's like exactly 4 CPOs on the web site. So it's hard to gauge any relevant depreciation trend. I'm also thinking CPOs well for more than private, since Tesla has to make some money on them. I've seen other comments that it seems private sale prices are inflated.
     
  4. Norfolk Enchants

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    Mar 16, 2016
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    Location:
    MidWest
    I have found the EV-CPO site to be somewhat out of date, and not show all the cars that are available to a Tesla sales staff. Being in the hunt at the moment too, my advice would be to make contact with a Tesla salesman or 'Owner Advisor' at your nearest dealership and work with them. The 'Owner Advisor' that I am working with seems to have access and details to a lot more cars than are listed on ev-cpo, and the prices seem as good as the private sale asking prices, so my current thinking why not buy a used one from Tesla and get a fresh 4 year warranty?
     
  5. TravelSD80

    TravelSD80 Member

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    That is an excellent point...I did take a test drive in a new MS today. I like the owner advisor I have, so I'll reach out to him. Thanks!
     
  6. brkaus

    brkaus Member

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    Does the new car price you quoted also get you $7,500 tax break?
     
  7. TravelSD80

    TravelSD80 Member

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    Yes I'll get $10K back (Fed/CA).
     
  8. brkaus

    brkaus Member

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    So it's actually a $2500 savings by purchasing a few months old and 5k miles. Not something I would do. Rather be the first person on the warranty, etc.
     
  9. tstafford

    tstafford Member

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    I agree with this. Seems there should be more of a break than $2500 to get a used car and not have all the conveniences of buying directly from Tesla.
     
  10. brkaus

    brkaus Member

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    Oops, rereading your reply... $10k back from rebates, so same price new or used. I would get new just to not worry about anything.

    Big depreciation driving anything off the lot, even bigger with the rebates.
     

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