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How much is my 60kWh Model S worth?

Discussion in 'Model S: Ordering, Production, Delivery' started by GasDoc, Jun 24, 2013.

  1. GasDoc

    GasDoc Member

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    Not for sale...yet...but thinking about it.

    60kWh Model S 5500 miles
    Blue Metallic with Tan leather interior, Obeche gloss interior:
    Options: Pano Sunroof, Tech Package, Air Suspension, Supercharging
    Paint protective film on front fenders and mirrors.

    Car has been in an accident--currently at Chilton Auto in San Carlos California. Chilton is a Tesla Authorized body shop and repair work is under the direction and inspection of a Tesla engineer from Fremont.

    Repair consists of front bumper, frunk, bumper supports, headlights.

    I'd like to get a feel of prices because I'm considering 1) Diminution of Value claim against the driver who hit me and 2) Might be interested in selling so that I can get into a 85kWh model sooner than the 60kWh will be fixed.
     
  2. rolosrevenge

    rolosrevenge Dr. EVS

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    It is worth whatever someone is willing to pay for it. :tongue:

    - - - Updated - - -

    Actually, I'd say it's only worth $10k after the accident. You can sell it to me for that and claim all value loss against the guy who hit you.
     
  3. GasDoc

    GasDoc Member

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    Ha! If I that would work, I'd do it.

    Seriously, what do you think the market would pay? $60-65k?
     
  4. rlang59

    rlang59 Member

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    I'd be very surprised if you could get that much for a car that was in an accident like the one you had since it was slightly more than a fender-bender. I'd think you would more likely be in the $50-55k range, but really I have no idea.
     
  5. GlennAlanBerry

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    The fact that it was in a fairly significant accident is going to bother some people, especially on a new car type such as the Tesla.

    You also have to consider the Federal and State Income tax rebates that you were probably eligible for that a used buyer would not get. I don't think there is much of a used market for Tesla yet, so coming up with a value will be harder. I would price out a new 60 with exactly your options, then subtract the tax rebates, and then some more for your mileage and then some more to account for the accident.
     
  6. Zextraterrestrial

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    Does it come with a video of the M5 flipping?
    might be worth more in that case :wink:
     
  7. fiksegts

    fiksegts Active Member

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    my 2012 sold in 24 hours, there is demand for used ones...


     
  8. Trnsl8r

    Trnsl8r Blue 85kwh since 12/8/12

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    I think when Tesla sells demo cars they typically deduct $1/mile.
     
  9. EVNow

    EVNow Active Member

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    If you paid $75k, $65k is your net cost after tax credits/rebate. 5,000 miles would probably cost you about $5k. Then, there is the accident. So, probably $50 to $55k.

    BTW, your sig should say 60kWh.
     
  10. GasDoc

    GasDoc Member

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    #10 GasDoc, Jun 24, 2013
    Last edited: Jun 24, 2013
    I'm thinking calculate out the price as if it were a loaner car, take 20-30% off for the accident and then subtract out the tax credits.
     
  11. Trnsl8r

    Trnsl8r Blue 85kwh since 12/8/12

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    Hmm... if it starts heading far below $50k, then I would be tempted to take it on as a second car... :)
     
  12. fiksegts

    fiksegts Active Member

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    I would say current fair market value minus 10-15% due to the repairs and tainted history of the car....
     
  13. GasDoc

    GasDoc Member

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    So...Current Price of similarly configured car: 83,020
    Depreciation using Tesla's 1%/month and $1/mile model: (8000)
    Loss of Federal and State credits (10,000):
    So we are at $65k without adjusting for the accident

    Aside from the diminished value, I'm going to have to pay tax and registration again...will have to figure this into the math of the settlement.
     
  14. fiksegts

    fiksegts Active Member

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    you still get the federal tax credit....


     
  15. GasDoc

    GasDoc Member

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    But the buyer of the used car doesn't get any tax credit so the price should reflect that.
     
  16. blackoutRF

    blackoutRF Member

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    Sub-$50k and I might be interested. Keep us updated!
     
  17. brianman

    brianman Burrito Founder

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    Definitely keep us updated, GasDoc. The more depressed you are about the number (being low), the more likely someone on TMC will buy it. Silver lining, perhaps.
     
  18. GasDoc

    GasDoc Member

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    Not on the market right now but the low numbers make for a larger diminution of value claim.
     
  19. rlang59

    rlang59 Member

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    How often do those types of claims end up working out?
     
  20. deonb

    deonb Active Member

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    How about asking Tesla to do a quote for you as if it was for the trade-in for a loaner vehicle?
     

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