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How much of a depreciation hit do you take if you sell a very high mileage Roadster?

Discussion in 'Roadster: Technical' started by John W. Ratcliff, Jun 16, 2016.

  1. John W. Ratcliff

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    I guess we have a possible answer.

    Someone just sold a Tesla Roadster Sport with over 76,000 miles on it!

    The answer..apparently...$47,700.

    So, put that in your pipe and smoke it. Drive the crap out of your Roadster, run it into the ground, and that appears to be the price floor.

    Tesla: Roadster Sport
     
  2. gregd

    gregd Active Member

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    Lots of things can affect resale value, and it's only one data point. This one looks like it's seen a bit of physical use too, judging by the pictures. So, that was probably a fair price (though maybe a little bit low) from what he/she is showing, and given that you can find cars cosmetically a lot cleaner with as good of a battery.

    Personally, I'm less fussy about the odometer's mileage, vs how hard those miles were earned.
     
  3. shrink

    shrink Supporting Member

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    Reserve was not met in that auction, so it did not sell at that price.
     
  4. gregd

    gregd Active Member

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    Good catch. I was guessing it should go in the mid-$50's, so $47 would have been a bit low. But there would also be the eBay discount...
     
  5. hcsharp

    hcsharp Active Member

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    Even if it sold at 47k that's less depreciation than is common for most high-end sports cars with that amount of mileage and age.
     
  6. John W. Ratcliff

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    Doh, I didn't realize it didn't reach the reserve. Still, it did get a bid that high which I thought was decent.

    If I can drive the piss out of my Roadster and still get nearly 50k, I could live with that.
     
  7. jerry505

    jerry505 Member

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    Part of the depreciation of higher mileage is due to battery degradation as Roadsters do not have the same 8-year engine and battery unlimited miles warranty?

    Also, replacing a Roadster battery is expensive.

    Are prices still depreciating or have they swung up yet?
     
  8. John W. Ratcliff

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    >Are prices still depreciating or have they swung up yet?

    I'm not sure because I haven't been following the prices long enough. What I'm seeing currently is that a lot of cars are not selling. I follow cars for sale on Ebay and AutoTrader and the same cars just keep coming up over and over again without having sold.

    What I have seen is that you can reliably get about $70k for a relatively low mileage 2.5 sport. The earlier models are in the mid 50's.

    For anyone who's been tracking price for a much longer time, is that up, down, or holding steady?
     
  9. MileHighMotoring

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    My impressions from watching the market for 3 years are that the price was coming down slowly, but has been ramping up a bit now, I believe the 3.0 upgrade combined with the stronger EV knowledge in the marketplace is making the Roadster more desirable, albeit to a still small community of buyers. So, I would expect priced have stabilized and will keep creeping up, but may take time to sell. Pretty much like any other specialty car.
     
    • Informative x 1
  10. ElectricLove

    ElectricLove Member

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    I just sold mine, 1.5 w/ 19K miles, for 54K... As a price reference...
     
  11. DeedWest

    DeedWest 2010 Roadster 2.0 - VIN 523

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    Five years of watching the Roadster market intently have shown that prices have gradually come down each year, it seems. I believe that the piece of mind with warranty that comes with the Model S, X, not to mention Supercharging, are the reasons for that. Higher mileage Roadsters, and virtually no-mileage Roadsters seem to take the longest to sell. Also, cars with...interesting...color combinations have a tough time.

    Personally, I trust the car too much to even care what mileage is on it, as long as the service history is timely and the battery CAC / Standard Mode charge amount is normal for its age/mileage.
     
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