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P3D will never be P85D
You're right, the P3D is way better.
The i3 is a bit of an anomaly of high depreciation. I just sold my like new 2015 i3 REX for a crazy low price IMHO due to the small demand. The i3 low value It may be because of its high original list price, controversial styling or a combination of both. The i3 is a way undervalued for used car, amazing performance and technology in a distinctive package. Tesla is a bit like Apple with a exceptionally loyal following paying top dollar originally and others who can’t afford the high entry price willing to pay an unrealistically high price on the used market to enter that Tesla fold. I do love our Tesla cars but they are way overvalued both new and used.Been watching used Tesla's values for the past 24 months. The prices seemed to hit a relative low in 2016, but have since rebounded. As % of value retained, Tesla's currently outperform all other electrics. Case in point, I'm currently looking at a 2015 BMW CPO i3 for a daily commuter car. Retailed for around $45K, but now selling for $15K. It's lost over 2/3 of sticker price (66% depreciation). Compare that to a 2015 Model S 60, which retailed for $75K, but is currently available as a CPO for $50K+. It's only lost 1/3 of sticker (33% depreciation). Granted, there are people who suspect that Tesla purchased inventory to artificially constrain supply of used vehicles (myself included), but anecdotally speaking, a used Nissan Leaf is cheaper than a comparable Sentra right now. Nobody seems to want them. Tesla is still a highly coveted brand and product and I wouldn't be surprised if the depreciation curve continues to be really flat over time. Battery and drivetrains seem to be holding up well past 100K miles and buyers may start discounting mileage when valuing car values.
Until viable choices from other EV brands exist.TI do love our Tesla cars but they are way overvalued both new and used.
I’m just comparing the high cost to other cars in generalUntil viable choices from other EV brands exist.
The i3 is a bit of an anomaly of high depreciation. I just sold my like new 2015 i3 REX for a crazy low price IMHO due to the small demand. The i3 low value It may be because of its high original list price, controversial styling or a combination of both. The i3 is a way undervalued for used car, amazing performance and technology in a distinctive package. Tesla is a bit like Apple with a exceptionally loyal following paying top dollar originally and others who can’t afford the high entry price willing to pay an unrealistically high price on the used market to enter that Tesla fold. I do love our Tesla cars but they are way overvalued both new and used.
If BMW manipulated the used car market by withholding inventory the i3 prices will be higher as well...
But I agree with the rest of your premise in that the i3 is a far less desirable car.
There are many great used Tesla deals to be had if you are careful and take your time. I've seen private party P100Ds in impeccable condition for the mid 90s. If you buy from Tesla, you better do your diligence though because their pricing is all over the place and you can totally get screwed overpaying for a car. I feel bad for anyone who bought a CPO P85D a few months ago when they were priced around $90K!
For all that Tesla has done to make the process of buying a new Tesla a wonderful experience, they've turned the experience of buying a used Tesla into a horrible experience given how their pricing is all over the place (up and down by tens of thousands in weeks) and how they try to sell some cars all beaten up in dismal condition without refurbishment.
Every car is different, you can find beat to death private sales and the same with CPO cars. The difference is Tesla wholesales cars that don’t meet a minimum standard and a private seller only has two options trading in for less or private sales. I have traded in dozens of cars in absolutely perfect condition because I don’t like to deal with selling privately. Those cars then became CPO cars.I put a deposit down on a CPO...then I got the photos. The car looked like it had gone through a demolition derby. What a waste of time
I put a deposit down on a CPO...then I got the photos. The car looked like it had gone through a demolition derby. What a waste of time
Every car is different, you can find beat to death private sales and the same with CPO cars. The difference is Tesla wholesales cars that don’t meet a minimum standard and a private seller only has two options trading in for less or private sales. I have traded in dozens of cars in absolutely perfect condition because I don’t like to deal with selling privately. Those cars then became CPO cars.
Yeah it is very embarrassing how they are selling beat up cars at these prices without any refurbishing.
They've basically come up with the best way to buy a new car and the absolute worse way to buy a used car.
After rejecting a couple of cars due to their awful condition, we have decided to no longer even consider a Tesla CPO for now and instead look for a private party car. We are not going to pay $65K for a beat up car.
A Tesla is like a fine wine, prices only go up! Just check what people are asking for their cars on TMC!
Maybe if it's the "signature edition"
Every car is different, you can find beat to death private sales and the same with CPO cars. The difference is Tesla wholesales cars that don’t meet a minimum standard and a private seller only has two options trading in for less or private sales. I have traded in dozens of cars in absolutely perfect condition because I don’t like to deal with selling privately. Those cars then became CPO cars.
The quality of photos makes a huge difference. I have to admit I have never seen lower quality photos than the ones most private sellers post on this site. It then amazes me how then other people comment how gorgeous the car is. Pictures sent by Tesla include closeups of any damages. Closeups of any damage are extremely rare by a private seller. Many private sellers here often include zero photos and when they do they include distance shots of the entire car so you can’t spot any flaws and don’t even include interior pictures. Are these the impeccable cars you are describing?It's interesting you said that because my experience has been that the overwhelming vast majority of the used private party cars for sale are actually in impeccable condition. Just for the heck of it look at the private party Model S cars for sale on this own site and you will have a really hard time finding a private party Model S that has been "beat to death."
I don't believe that Tesla allowed perfect CPO's to be turned into beaters by being used as loan cars, this simply is implausible. Having looked at a bunch of CPO's I can tell you there are some immaculate cars and there are some that have had a hard life. There are a number of CPO's that people have put deposits on that have been rejected at pickup, one that I know of has been rejected 4 times. If a buyer is going to buy a car without personally inspecting they need to have these cars checked out by an independent body, same rules apply for all brands, all dealerships and private sales. Buyers may have trusted Tesla in the past to refurb these cars (in some cases turning beaters into nice looking examples), that era has finished and Tesla is now just a regular car dealership. The only point of difference that Tesla offers is the used warranty, and that is very valuable, private sellers seem to ignore this when pricing their cars for sale. All Telsa's are headed to $0 value, non of these are going to be collector items, there are simply to many of each model around. In two years I'll be back in the market looking for a nice P100D for $60K, my P85D will be worth $40k but I'll be advertising it here without much of a warranty for $50K hoping for a buyer