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

[John W. Ratcliff]

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

 

[gregd]

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.

 

[shrink]

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

 

[gregd]

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

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...

 

[hcsharp]

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.

 

[John W. Ratcliff]

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.

 

[jerry505]

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?

 

[John W. Ratcliff]

>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?

 

[MileHighMotoring]

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.

 

[ElectricLove]

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

 

[DeedWest]

>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?

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.