High CPO prices?

[twonius]

Is it just me or has the used market been really expensive lately?

I hear rumors of cars in the low 40's and I remember the CPO sales from months back, but I would've thought the S would've depreciated quite a bit more by now.

Am i only seeing a subset of what's out there on ev-cpo? I did some autotempest searches as well and it looks like the markets found a hard floor around 40k for clean title cars.

My hypothesis is much cheaper and you start pulling in some of the 400k model 3 reservation holders.

P85Ds are starting to look pretty tempting in the mid 60s though.

 

[HankLloydRight]

P85Ds are starting to look pretty tempting in the mid 60s though.

You better act fast! Tesla just raised the prices of these two P85Ds by $16k and $20k!!

Used Inventory | Tesla (+$16,300)
Used Inventory | Tesla ( +$20,600 )

 

[twonius]

You're right. The red one I saw earlier must've gotten snatched up

Still under 70 this is a pretty beastly car for the money. Good luck finding a decent GT-R with similar miles
85 kWh Performance Model S 5YJSA1H28EFP68173 | Tesla

Is it just me or do the panel gaps in Tesla's own photos of white cars look horrendous. Like they're not that bad in real life.

 

[Electricious]

Is it just me or do the panel gaps in Tesla's own photos of white cars look horrendous. Like they're not that bad in real life.

Maybe then are now using actual photos of cars they sell?

 

[twonius]

Maybe then are now using actual photos of cars they sell?

Can't be. The window trim lines up.

 

[Zorg]

Best deals get picked up quick. Those p85d are pretty pricey

 

[whitex]

CPO's are the only Tesla's available before June. There are no inventory cars, new order delivery dates start in June. Previous new orders have end of March delivery, so there will be a dead period with no upgrade trade-in between March and June. So, with almost no new supply of CPO's and no new cars available, it makes sense to raise the prices of existing stock.

 

[HankLloydRight]

Yeah, but +$20,000?????

I could see a small increase of up to maybe $5,000. Not 20.

 

[whitex]

Yeah, but +$20,000?????

I could see a small increase of up to maybe $5,000. Not 20.

I bet they want to make sure they have a selection ranging from low to high. It's a common sales technique, if you are presented with 3 watches, $100, $200, $300, you are likely to see the $200 as a better deal than if your choices are only $100 and $200, especially if the $300 watch has very little extra features over the $200. So, if some high priced models sold or were otherwise removed, they want to fill that gap (see how without it there would be a gap in the distribution below).

Also, during the dry spell of no new cars and no new CPO's, I bet they don't want to sell out completely, so it makes sense to price some cars out of reach. Selling all CPO's would then fall back solely on private-sale market to determine used car values, which Tesla might prefer to not happen.

 

[Skateboardgolf]

Does this mean our trade-ins to Tesla are worth $15,000 more now?

 

[whitex]

Does this mean our trade-ins to Tesla are worth $15,000 more now?

If you have a right car, possibly. If you had a 2 month old P100D, I think you could get $15K more on trade-in next today than a month ago. If you're talking your 2015 P85+, those are probably not affected as much. My guess would be all "D" cars less than 2 years old will probably have higher trade-in values for the next couple of months, though the only people who would benefit from that would be people going from 2016+ D to a Model 3, since no new cars available and if going to a CPO, CPO prices are also higher so no gain there.

 

[HankLloydRight]

Good points, White.

 

[Ketchups]

Is it just me or do the panel gaps in Tesla's own photos of white cars look horrendous. Like they're not that bad in real life.

They are worse in person.

 

[JammyP]

In the UK I paid £65K for a September 2017 75D in December. Last one on inventory appears to have now gone, but was just shy of £80K

 

[Lasttoy]

I have looked at CPO cars, only 4 this morning? I went to JAX last week, they had 4 just sitting there. I called a couple of buddies, there seems to be a lot of used S siitning at service centers. Economics says keep them so u can jack up current prices. Other than getting a zero mile warranty, i can see no reason to purchase from Tesla? I tried, they would not bargin. I bought from private owner at a good fair price. There are a lot on internet, you can deal , get a good cash price. I flew to Atlanta to get mine. It was fun experience driving off on a 1000 mile trip on mile one.

 

[Zorg]

Once tax credit goes away, prices will go up some more

 

[Electricious]

Once tax credit goes away, prices will go up some more

Not really. There will be a lot more Teslas by then and competing and compelling EVs by other manufacturers as well. Tesla will likely REDUCE prices a bit to be competitive with competing models, especially in the low end.

 

[twonius]

Not really. There will be a lot more Teslas by then and competing and compelling EVs by other manufacturers as well. Tesla will likely REDUCE prices a bit to be competitive with competing models, especially in the low end.

Unless the iPace really starts to eat into Tesla's demand (hahahaahahahaha) there's nothing competitive on the horizon for the next couple years, once i see 100kw non supercharger stations widely available and reliable i'll change my tune.

I saw a similar phenomenon in Norway (Teslas 2nd biggest market!) when the NOK started to fall. New prices went up and my friend ended up selling his 2013 P85 for basically what he bought it for. Not banking on it but it wouldn't shock me if we saw a little bump in prices.

 

[dgpcolorado]

I have looked at CPO cars, only 4 this morning? I went to JAX last week, they had 4 just sitting there. I called a couple of buddies, there seems to be a lot of used S siitning at service centers. Economics says keep them so u can jack up current prices. Other than getting a zero mile warranty, i can see no reason to purchase from Tesla? I tried, they would not bargin. I bought from private owner at a good fair price. There are a lot on internet, you can deal , get a good cash price. I flew to Atlanta to get mine. It was fun experience driving off on a 1000 mile trip on mile one.

I think that it is worth reminding CPO shoppers that the CPO sales specialists have access to a lot more cars than are typically listed on the website. Best thing to do is to talk to a CPO sales person and let him/her know what you are looking for and what price range is acceptable. A car might pop up that fits your needs before it ever gets listed on the website.

If you can buy from a private party for a lot less than a CPO, the money saved can pay for a lot of out of warranty repairs, so that's something else to consider.

 

[Uncle Paul]

As an owner I look at this a little differently.

Like the idea that Tesla is keeping the resale prices of their cars high.