High CPO prices?

[robski]

Tesla plays the shadow inventory game. One day they list 100's for sale, the next they delist them. Prices fluctuate depending on their mood.

Maybe they're momentarily looking for some relief on their assembly line or supply chain? IDK and I still don't get it. Then again, I've never followed ICE dealers this close so maybe they do the same thing.

 

[Zorg]

Toured the factory last week. Plenty of cars in production.

 

[SSedan]

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.

My experience with the CPO person was they want to send you an email with a few cars and then get your deposit, forget asking questions or anything reasonable like that, I ended up buying a car locally and did have an out of warranty issue but money wise still well ahead of CPO.

Now on the pricing and listings, I think Tesla uses the CPO inventory, pricing and sales as a tool to adjust new sales, quarterly financials and a host of other things. I am NOT saying that is a bad thing, just saying it is a thing. If you want to make sure you have a full production backlog you jack the price and pull some cars off the inventory page. If you need a cash influx end of quarter you list as many as possible and price them to move. Just another tool to use in being successful

 

[whitex]

Toured the factory last week. Plenty of cars in production.

Tail end of q1 orders. I have one still in pre-production, to be delivered by end of March.

 

[twonius]

What surprises me is how much the rest of the used market seems to be following the CPO prices. Even private party cars seem pretty pricy still.

I'm also not a fan of how a lot of dealers seem to by trying to catch the unweary by not being upfront if the car is a 60 or an 85.
It seems like the only cars I ever see with shaved badges are in dealer ads. I find it hard to believe that they don't know that the trim level matters a lot for the value

https://www.cars.com/vehicledetail/detail/728463616/overview/?aff=atempest&CMP=atempest

Even stuff i would generally call "high mileage" seems to be holding up. We'll see if it sells at this price though
https://www.cars.com/vehicledetail/detail/715505460/overview/?aff=atempest&CMP=atempest

 

[P85Dave]

What surprises me is how much the rest of the used market seems to be following the CPO prices. Even private party cars seem pretty pricy still.

I'm also not a fan of how a lot of dealers seem to by trying to catch the unweary by not being upfront if the car is a 60 or an 85.
It seems like the only cars I ever see with shaved badges are in dealer ads. I find it hard to believe that they don't know that the trim level matters a lot for the value

https://www.cars.com/vehicledetail/detail/728463616/overview/?aff=atempest&CMP=atempest

Even stuff i would generally call "high mileage" seems to be holding up. We'll see if it sells at this price though
https://www.cars.com/vehicledetail/detail/715505460/overview/?aff=atempest&CMP=atempest

Honestly I don;t think a lot of them know the difference. This is going to be even more interesting with the Model 3 because it does not have any badging! I have been monitoring the used car values for a while as we will likely sell ours as soon as the Model S is updated and I see many cars priced way above what it will sell for and the cars languish.

Anyone can ask whatever they want but I think people are probably more sensitive in the used car market or otherwise they would have bought a new car to begin with. Indeed I think part of the CPO strategy might have been to compel people to buy new.

 

[Fuhrman2408]

I'm a CPA so maybe I'm trying to analyze numbers too much, but a lot of the CPO prices don't offer much value. The lone exception seems to be the top of the line high performance cars... I think a P85D is listed in the mid 60's right now through Tesla which seems pretty good. The issue is that the technology is dated pretty badly already on that. Curious to see how this shakes out over time. I really would like to buy but I'm philosophically against buying new and the used don't seem to be the deals I would expect. Curious to see if the bottom drops out on CPO balues when M3 base starts hitting the market. I don't see a lot of people spending $50k on a MS with 60k miles and no AP, when they can get a brand new M3 with AP for 40. I hope it's not the case because then it's the people stretching their budgets to buy used who get killed on the depreciation. We'll see....

 

[Zorg]

Last year got a CPO S85 with AP1 and 30k miles for 54k. Right now those are going for low 60s...

 

[Electroman]

My CPO adviser sent me one - Multi coat Red, S85, SAS and Sunroof with 47k miles - $60k.

it is those options that I don't care about that jack up the price.

 

[FlyinLow]

Look here on TMC in the For Sale thread. That’s where I found mine. Fair price and well cared for car.

 

[Electroman]

I missed one by a few hours.. would have paid $1k more than the asking price.. was just procrastinating for a few hours and the owner sold it to a dealer. Listed it on Friday I believe and sold it on Monday. I am only blaming myself..

 

[Buddyroe]

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.

Excuse my confusion. 1000 miles from Atlanta to St Augustine? Took the back roads? Haha

 

[twonius]

Honestly I don;t think a lot of them know the difference.

I'd buy this if they weren't exceedingly competent at advertising BMW's hodgepodge of alphanumerics accurately, pretty much any other car. It literally shows it to you on the gauge pod. Also most of the time it turns out to be a very optimistically priced 60 when they're being coy about it.

 

[aromasca]

I'm a CPA so maybe I'm trying to analyze numbers too much, but a lot of the

I'm a CPA so maybe I'm trying to analyze numbers too much, but a lot of the CPO prices don't offer much value. The lone exception seems to be the top of the line high performance cars... I think a P85D is listed in the mid 60's right now through Tesla which seems pretty good. The issue is that the technology is dated pretty badly already on that. Curious to see how this shakes out over time. I really would like to buy but I'm philosophically against buying new and the used don't seem to be the deals I would expect. Curious to see if the bottom drops out on CPO balues when M3 base starts hitting the market. I don't see a lot of people spending $50k on a MS with 60k miles and no AP, when they can get a brand new M3 with AP for 40. I hope it's not the case because then it's the people stretching their budgets to buy used who get killed on the depreciation. We'll see....

The P85D are the unicorn here.. for example in my case I am a petrol head, love performance car and will not settle for even a 100D.
Now, the P100D are ridiculously expensive, and even then they do not have the plus suspension anymore so getting a P85D+ was the sweetest deal possible as that car already took %50+ depreciation, has AP1 which actually works today and is the car I'd enjoy most.

The other prices being posted are high, but working with an OA you can definitely buy a 2014 S85 w/ AP1 for less than $50k even if they are posted for $60k on their website, and thats with the 4 years / 50k warranty.

 

[JonG]

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.

There are over 150 new inventory MS cars available, it’s just very few people list them all.

Tesla are just manipulating the market, they also took 100 CPO cars off line over night a short while back, I don’t think anyone really thinks they sold them all. They’ll still exist somewhere. The only way to know about trade in value is to ask, Tesla may do a great deal in upgrading you as they need the new car sales.

I’d post a link to my not for profit, no subscriptions, total free, no adverts site, but others on here don’t like the competition.

 

[Fuhrman2408]

Cool, will try tomorrow.

Alas - buying at the store will bring sales tax with it. Not sure how I feel about that - basically adds another $3k to the sales price.

The P85D are the unicorn here.. for example in my case I am a petrol head, love performance car and will not settle for even a 100D.
Now, the P100D are ridiculously expensive, and even then they do not have the plus suspension anymore so getting a P85D+ was the sweetest deal possible as that car already took %50+ depreciation, has AP1 which actually works today and is the car I'd enjoy most.

The other prices being posted are high, but working with an OA you can definitely buy a 2014 S85 w/ AP1 for less than $50k even if they are posted for $60k on their website, and thats with the 4 years / 50k warranty.

I gave Tesla a ring the other day. They gave me the company-line that everyone is treated equal and that everything on their CPO site is what they have available. They did take my info and pass it along to someone in used car sales that they said would contact me, but I haven't heard anything. I wish I wasn't so patient on this - while I wait for reasonable prices I'll continue to drive the gas guzzler into the ground. Ugh, nevermind, only has 50k miles so I can't really justify the Tesla purchase to my fiancee (also a CPA)...

 

[cab]

My experience working with a CPO advisor was good (18 months ago), but the stuff he found that wasn't on the website typically had a Carfax "blemish" of some kind. The prices were fair, but I just didn't want the hassle at resale (been there, done that). It didn't help that I wanted a pretty explicit combo (P85 or P85+ , red, air suspension, etc.) which further whittled down my selection.

I agree current CPO prices seem designed to push people to new cars...or maybe they are just hoarding them to have a sea of loaners (which I suspect the, um, "beta" Model 3 owners might be needing...unfortunately).

 

[HankLloydRight]

Toured the factory last week. Plenty of cars in production.

They only fire up the MS/MX line during the tours.

The issue is that the technology is dated pretty badly already on that.

Really? Except for the new nosecone (cosmetic) and AP1 vs AP2.x (still lagging behind AP1 by many accounts) , I'd say the core technology between the P85D and the P100D are pretty similar, if not the same. If you don't need the extra range (few people actually need the added range for daily use, it's more "nice to have"), and "Ludicrous Mode" (available in some P85Ds if you're lucky), getting a P85DL+ is in most aspects significantly better than any new P100D with the mush suspension for more than twice the price. As a CPA, if you calculate 'bang for the buck' nothing even comes close to the P85D+ (with optional "L").

Now, the P100D are ridiculously expensive, and even then they do not have the plus suspension anymore so getting a P85D+ was the sweetest deal possible as that car already took %50+ depreciation, has AP1 which actually works today and is the car I'd enjoy most.

Preach it brother!

 

[Pipcecil]

when I purchased my CPO in January of last year, my advisor picked three vehicles that were not listed on Tesla's site nor on EV-CPO. I got a really good deal IMO - 48k for a S 85 w/ tech, sunroof, air suspension, rear facing seats, and dual chargers. This was all with the 4 year full warranty (which i have used quite a - so well worth it IMO)

 

[twonius]

Jan 2017? Yeah i remember there were still good deals back then. It seems to come in waves.

Love that green. Wish they still made it. Makes the car look like what Aston Martin should be building.