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How long until used Model S hits base Model 3 prices

Discussion in 'Canada' started by ChooseGreen, Jul 13, 2018.

  1. ChooseGreen

    ChooseGreen Member

    Joined:
    Apr 6, 2016
    Messages:
    103
    Location:
    Ontario, Canada
    Unfortunately, I had to cancel my Model 3 reservation. I REALLY didn't want to. Funny to think of that evening almost 2.5 years ago stressing out that I couldn't get the website to work for 5 minutes when it first opened. All for not now!

    Admittedly I was fence-sitting already only because we have a 3rd child arriving this coming winter and have a dog as well. The removal of the $14k Ontario rebate was the final nail. The base Model 3 with the $14k rebate was already at the top of our comfort level.

    The question is: how long will it take early Model S cars to reach Model 3 prices. I would love to find a 7-seat Model S that we could afford. They have been slowly coming down over the years, but due to the rule of US-based used ones not being allowed to be sold here in Canada, they seem to be holding their value quite well. Good in a sense I suppose. Now that the Ontario incentive has been taken away, I feel like the Ontario used market will jump up in price.
     
  2. pcons

    pcons AWDs on the way to Canada!

    Joined:
    Jul 5, 2018
    Messages:
    412
    Location:
    Burlington, Ontario, Canada
    Basically zero chance of the used S coming down to a base 3 price (~45k) anytime soon. Most of the time they show up at around 80k, so for that car to drop by half will take quite a while unfortunately....probably will end up being able to buy a used model 3 well before that happens :)

    Even I'm the states, I think the cheapest I've seen an S listed for is around 40k USD, which is around 52k CAD. Plus, would you really feel comfortable spending 45k+ on a used car that likely has close to 200,000km on it?

    On the Canada CPO site there is only one S, it's a S70D with 40k km, and it's 84k....for that price you could get the performance model 3 with zero km, full warranty and a much faster car with much more range.

    I'm only sounding so negative because I spent about a week and a half considering if a used S was affordable if the rebates were cancelled, and the conclusion I came to was no...unless you really value the extra space the S has vs the extra range and warranty of a 3...
     
  3. Gen3

    Gen3 Member

    Joined:
    Dec 18, 2014
    Messages:
    193
    Location:
    AB, Canada
    I’m in the same boat. 7 seat MS is what I want/need. I have no problem with high mileage given the unlimited warranty.
     
  4. ewoodrick

    ewoodrick Member

    Joined:
    Apr 13, 2018
    Messages:
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    Location:
    Buford, GA
    I'm pretty sure that the S will never hot the same price points, mainly because it was never intended to. What you are probably wanting to think about is the Model Y, for which a prototype may occur next March. The Y is somewhat stated as being the Model X version of the Model 3, a SUV built on the Model 3 platform.
     
  5. EdisonR

    EdisonR Member

    Joined:
    Sep 4, 2015
    Messages:
    45
    Location:
    Albany, CA
    I don't know when but at that time you'll also be able to buy cheap an used model 3 for even less $$$.
     
  6. Koflach

    Koflach Member

    Joined:
    May 20, 2018
    Messages:
    462
    Location:
    Langley, BC
    you know this is a Canada section right?

    Based on the depreciation of the Model S I think it will take about 5 years before the Long Range Model 3 gets down to the base model Model 3's "new" price.
     
    • Informative x 1
  7. Uncle Paul

    Uncle Paul Active Member

    Joined:
    Nov 1, 2013
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    1,737
    Location:
    Canyon Lake,CA
    There is an issue here, when so many people wanted a Unicorn. That would have been to buy a $35,000 base Model 3 and take the $14,000 Ontario Rebate. Net cost of $21,000 for a brand new, highly in demand Tesla Model 3.

    That would have been the bargain buy of the Century, but alas it never came to be.
     
  8. CadillacJack

    CadillacJack Member

    Joined:
    May 21, 2015
    Messages:
    153
    Location:
    Mississauga, Canada
    Fwiw - Tesla offered me $44k for my Sig P85 w/seven seats and 71k Kms a few months back. It still has another year CPO warranty in it. No thanks. :)

    I think I could probably get $60kish for it, based on Auto trader prIces, +/- 20%. That’s pretty close to a post-rebate 3, if you don’t look at the taxation and options too closely.
     
  9. S'toon

    S'toon Knows where his towel is

    Joined:
    Apr 23, 2015
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    2,949
    Location:
    AB
    Once again, this is the Canadian section. The base model is currently C$45,600
     
  10. Dan43

    Dan43 Member

    Joined:
    Apr 27, 2013
    Messages:
    457
    Location:
    Vancouver, BC
    C$82,600 for this 70D with 40,843km

    Inventory Search | Tesla Canada

    Used S seem quite strong in the used markets pricing wise and I don't see many shifting, been looking for a few weeks and only a handful are not listed anymore, mostly CPO ones sell the quickest as I have seen it.

    I'd get a used S for Vancouver job, but the costs used are just way too high. Base Model 3 in 6 months looks best bet.

    See on the 3 configurator deliveries down 1-3 months.
     
  11. ChooseGreen

    ChooseGreen Member

    Joined:
    Apr 6, 2016
    Messages:
    103
    Location:
    Ontario, Canada
    Allright @Gen3; when I search I tend to search nationally. I'll let you know if anything good comes up west of Manitoba :)

    I agree with the above comments on Used units directly from Tesla. I have been keeping my eye on the private market. I have seen them creep towards $50k CAD; my hope was that in a year or so that would drop towards $40k CAD. Yes, there is still tax on that, but I'm hoping some of the aftermarket expenses won't be there (many come with two sets of tires/wheels, already wrapped, hopefully roof rack included, etc.). Emphasis on *hope* in the previous sentence :). Another thing going for me is that I have pretty low standards for condition. I really don't care if there are dings all over it and the seats are held together with duct tape; so long as it works, is safe and will continue to do so for a long while yet, I'll be happy.

    Yes, I will consider the Model Y with my three kids and dog. I have never been a fan of the SUV/CUV shape, but the almighty dollar may determine where I end up.

    Thanks for your help and positive thoughts all!
     
    • Like x 1
  12. RAM_Eh

    RAM_Eh Member

    Joined:
    Dec 10, 2013
    Messages:
    471
    Location:
    Toronto ON
    I sold my S for 47K, pictured in my profile one month ago....it had 170,000 km and there was a lot of interest.

    Problem is that all cars traded into Tesla in Canada are wholesaled back to the USA. None are resold in Canada unless they are pristine!
     
    • Informative x 1
  13. sauce

    sauce :P

    Joined:
    Jun 28, 2015
    Messages:
    217
    Location:
    CSU3
    Considering the mileage I'm putting on mine... shouldn't be too long! :D

    But I'll have such a huge financing balloon on the car that I'll not agree to part with it at market price anyway, so I'll do like I usually do with all my cars: drive it to the ground.

    My pleasure. ;P
     

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