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How Much is a Used Tesla Worth?

Discussion in 'Electric Vehicles' started by Vendor Content, Jan 24, 2018.

  1. Vendor Content

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    EDITOR’S NOTE: This is a sponsored post from Gumtree, a UK-based classifieds site. Tesla’s are all the rage at the moment. The hot new product that’s super cool…the Apple of the car industry. A brand new Tesla is mostly unattainable for the majority of drivers. However, prices are dropping on the used market. Are they...
    READ FULL ARTICLE
     
  2. Chickenlittle

    Chickenlittle Active Member

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    How much is a used tesla worth? Silly question. Obvious answer is what ever you can get for it
     
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  3. Pentium2004

    Pentium2004 Member

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    60 days with 2,000 miles. 30% depreciation.
     
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  4. jelloslug

    jelloslug Active Member

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    Is that before of after the tax credits?
     
  5. Pentium2004

    Pentium2004 Member

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    I guess it would be after because I'm claiming it. I paid $90k two months ago and the trade in is $61k.
     
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  6. joefee

    joefee 3M+ page views on TMC Threads

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    Mine is autographed by Elon Musk... Priceless
     
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  7. jelloslug

    jelloslug Active Member

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    Did you get more than one offer for the trade in? What are the private part offers for it?
     
  8. Pentium2004

    Pentium2004 Member

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    That was Tesla. One guy on here offered $68k
     
  9. ggr

    ggr Roadster R80 537, SigS P85 29

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    You can't claim the tax credit if the vehicle is purchased for resale. There is some provision for them to take back the credit. Here are the instructions for the form. Instructions for Form 8936 (2016) | Internal Revenue Service
     
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  10. Pentium2004

    Pentium2004 Member

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    Would a trade in be considered resale or are they referring to a dealer?
     
  11. ggr

    ggr Roadster R80 537, SigS P85 29

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    I think it would. The intent of the bill that introduced the credit was clearly that you have to hold on to it. In California, if you get the state incentive, you have to keep the car for three years.
     
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