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If you do not mind, Please post your trade in offer from Tesla so we can compare note

Discussion in 'Model S: Ordering, Production, Delivery' started by lolachampcar, Oct 12, 2014.

  1. lolachampcar

    lolachampcar Active Member

    Joined:
    Nov 26, 2012
    Messages:
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    Location:
    WPB Florida
    #1 lolachampcar, Oct 12, 2014
    Last edited: Oct 15, 2014
    Analysis from my car
    107,701 sticker
    -7,500 Federal Credit
    -17,500 $1/mile (my normal depreciation number owning similar cars for three year stints)
    Yield on a normal trade in for me would be
    83,210
    -15,000 Tesla's $1k/month
    68,210
    It looks like Tesla is using their $1/mile and $1K/month formula for my car once the Federal Tax Credit is deducted.
    I am considering listing my car for $83K retail. I will not net the 6% Florida Sales Tax credit I would normally get on a trade but this may be the price I pay for upgrading before year three.

    If others want to edit their quotes from further down this thread, I'll edit in their analysis here. If you do, please make it a one liner like-
    107,701 sticker-7,500-17,500 $1/mile Yield 83,210 -15,000 Tesla's $1/mile 68,210

    Current List


    earlyadopter Redmond, WA
    2013 P85 with 12,000 miles, excellent condition. Original invoice was $94,000 (after $7500 tax credit). Currently, same car configured is $114,000 (after credit). Quote is $65,500.

    Model S P85 VIN 03278 1/17/13. Black, Black, 21" greys, carbon, sound, tech, pano, jump seats.



    blox Boston
    March delivery 2014 P85 with 8,000 miles, paid/list $112,700. Quote is for $80,000. So 7 months, 8k miles, $32,700 loss.
    They compute this as the paid price minus the federal and state tax rebates/credits, times 76%.


    Leland Riverside, CA
    2013 P85 27k miles, VIN P06xxx has all options except 3rd row seats. $62,700.


    Scothawk Clear Lake, Iowa
    2014 P85 pretty much fully loaded, 6000 miles. ($97,000 Tesla offer).


    jstepy Orange County CA
    For my three week old P85+ with 440 miles they offered me 110k. MSRP was 128k and after sales tax and doc fees out the door was 140k. Factor in the 7500 Fed credit and I would take a loss of 22.5k


    Kol2000 Sand Diego
    2013 fully loaded P85+ with 18.5k miles = $74.5k offer from tesla.


    mitch672 Randolph, MA
    original list - about $90K after federal tax credit, price was $82.5K
    trade in offer with 21,000 miles and 22 months old: $55,000

    lolachampcar
    P14936 Model S #2 14694 Red/Black/Black P85+ Dual Charger Solid Roof P+ 7/20 delivery. $68,500
    That makes a PD upgrade a $55K item (calculation includes $7500 rebate and FL sales tax credit)

    packerryan Clarendon Hills, IL
    P85+ September 23 delivery MSRP $118,750 600 miles $102k trade in offer. In Illinois you only pay tax on the delta.


    onesixeight Seattle, Washington
    $75,000 for P85+ delivered June 2013 with a $114,000 MSRP.



    Like a few others, I just can not resist upgrading. My first was the P85 to the P+ and MS was young enough that I got a dealer in California to effectively allow me to break even (I had early reservation pricing which allowed this). This time it is P+ to PD but at least Tesla has allowed me to keep the car for a year and a half before coming out with a must have upgrade :)

    The reason for this post is to encourage others to join me and post their car configuration then update the post with the trade in offer from Tesla's centralized CPO group. I would like to see if they are consistent across the country and to see if we can reverse their formula with enough data points. I'll will make my decision to go trade in or retail sale using Tesla's number plus the 6% I will save in Florida sales tax.

    Mine will be-

    July 13 delivery P85+
    Red/Black/Red Roof Dual Chargers
    17K miles now but I told them to quote on 19K miles in December
    287 WHr/mile lifetime for what it is worth
     
  2. Thread Summary

    Thread Summary Member Generated Post Wiki

    Joined:
    Aug 14, 2012
    Messages:
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    #2 Thread Summary, Oct 12, 2014
    Last edited by a moderator: Mar 12, 2015
    Wiki

    earlyadopter Redmond, WA
    2013 P85 with 12,000 miles, excellent condition. Original invoice was $94,000 (after $7500 tax credit). Currently, same car configured is $114,000 (after credit). Quote is $65,500.

    Model S P85 VIN 03278 1/17/13. Black, Black, 21" greys, carbon, sound, tech, pano, jump seats.

    blox Boston
    March delivery 2014 P85 with 8,000 miles, paid/list $112,700. Quote is for $80,000. So 7 months, 8k miles, $32,700 loss.
    They compute this as the paid price minus the federal and state tax rebates/credits, times 76%.

    Leland Riverside, CA
    2013 P85 27k miles, VIN P06xxx has all options except 3rd row seats. $62,700.

    Scothawk Clear Lake, Iowa
    2014 P85 pretty much fully loaded, 6000 miles. ($97,000 Tesla offer).

    jstepy Orange County CA
    For my three week old P85+ with 440 miles they offered me 110k. MSRP was 128k and after sales tax and doc fees out the door was 140k. Factor in the 7500 Fed credit and I would take a loss of 22.5k

    Kol2000 Sand Diego
    2013 fully loaded P85+ with 18.5k miles = $74.5k offer from tesla.

    mitch672 Randolph, MA
    original list - about $90K after federal tax credit, price was $82.5K
    trade in offer with 21,000 miles and 22 months old: $55,000

    lolachampcar
    P14936 Model S #2 14694 Red/Black/Black P85+ Dual Charger Solid Roof P+ 7/20 delivery. $68,500
    That makes a PD upgrade a $55K item (calculation includes $7500 rebate and FL sales tax credit)

    packerryan Clarendon Hills, IL
    P85+ September 23 delivery MSRP $118,750 600 miles $102k trade in offer. In Illinois you only pay tax on the delta.

    Red
    P85+ September 23 2013 delivery MSRP $119,840, 12,100 miles, Tesla trade-in offer $78.7K. Texas sales tax on net

    onesixeight Seattle, Washington
    $75,000 for P85+ delivered June 2013 with a $114,000 MSRP.

    (Canadian Dollars): gpetti, Calgary, AB
    $105,000 for 2014 fully loaded P85+ (7 months old, 9200 KMs) original price: [FONT=&amp] $ 138,520 [/FONT]

    DJFrustration Miami, FL
    S85 VIN 3452 Delivered 1/2013 now has 20,322 miles. Purchase Price: $88,520 less Fed Incentive: $7,500 Net Price When New: $81,020 Estimated Trade Value: $55,700 (69%)
    Not factored into calculation but would come into play in a private party sale is the fact that the same car with newer features would cost: $95,470.

    blaz: Los Angeles, CA
    $61,800 for March 2013 S85 Black/Grey 19" Air Tech Sound, 9200 miles, $86,270 originally

    stoneymonster: San Jose, CA
    $52,750 for Jan 2013 S85, Blue/Grey 19" Air, Tech, Pano, 23800 miles. Purchased for $86,400.
     
  3. JerryNycom

    JerryNycom Member

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    Location:
    New York
    Is it the trade in value still -$1,000 per month old plus $1.00 per mile?
     
  4. NOLA_Mike

    NOLA_Mike Active Member

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    May 11, 2013
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    Location:
    Hammond, LA
    I'm waiting for a trade in quote too. I will save 8.75% sales tax in Louisiana on the trade value.

    I took delivery on June 23, 2013 - configuration in signature. 13,645 miles but I told them to assume 14,500 for quote purposes.

    Mike
     
  5. lolachampcar

    lolachampcar Active Member

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    I believe the one and one formula was used to allow Tesla to sell demos/loaners in an effort to provide some sort of a stocking dealer function. If they use that formula as their retail target for CPO'd vehicles then the wholesale number will be so low that Elon will need to pull out his checkbook for all those resale guarantees :)

    That said, it will be very interesting to see just how Tesla structures the whole secondary market now that they have a chance to define it at the very start. Announcing the CPO program BEFORE the PD announcement means someone has been thinking about these things. That is a good sign.

    Let's see how the numbers fall. It will become obvious on the first dozen or so quotes.
     
  6. mitch672

    mitch672 Active Member

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    I agree Lola. I spoke with Tesla on Friday, they told me the quote will take a few days, and my local service center will contact me about the trade. I have not yet placed a new "D" order yet, as I'm not sure I'm going to upgrade (I could also wait for a Model X AWD in a year)... I want to upgrade, but it depends on the numbers, as do most things in life.
     
  7. Bighorn

    Bighorn Member

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    WY
    I'll get this rolling with a second-hand quote a friend got from Tesla, looking to trade up to P85D:

    "$67,900 trade-in for my P 85. It has 16,000 miles on it, was built towards the end of August 13"

    It was a demo bought in:

    "January ('14) from the showroom floor in Los Angeles for $100,500 with approximately 1500 miles on it"
     
  8. MassX1317

    MassX1317 Addicted to TMC

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    Yikes, looks like I won't be trading up :/

    That's more depreciation than $1,000 month, $1 per mile
     
  9. shadowinstallz

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    NYC, United States
    damn.....better off selling private...... i took delivery S85 on 9/20 and am pissed about the recent news, hoping to trade/sell my S sometime next year, but looks like i wont be getting anywhere close to that number.
     
  10. islandbayy

    islandbayy Active Member

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    Agreed, based on $1000/month and $1/mile, mines only worth $33,984
     
  11. maz4278

    maz4278 Member

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    Connecticut
    its going to be painful for people to trade in. Tesla is obviously going to wholesale the trade ins so they can make money on the resales.
     
  12. PlanB

    PlanB Banned

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    No different that any other dealership or places like CarMax. Just look how many Tesla's have been listed for sale since Thursday....the market is going to be flooded from now on.
     
  13. Majerus

    Majerus Member

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    If you sell if for 85 ill buy it ;)
     
  14. Vger

    Vger Active Member

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    Is that an official Tesla quote?
     
  15. CHG-ON

    CHG-ON Still in love after all these miles

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    Nope. I'll keep her. I'm not willing to take that kind of bath.
     
  16. EarlyAdopter

    EarlyAdopter Active Member

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    Is that $108k before or after the $7500 tax credit?
     
  17. omarsultan

    omarsultan Active Member

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    Ouch! :eek:
     
  18. PlanB

    PlanB Banned

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    Nope, it was a round about number.

    - - - Updated - - -

    I haven't received the tax credit but I am going to to assume after.
     
  19. KOL2000

    KOL2000 Member

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    2013 fully loaded P85+ with 18.5k miles = $74.5k offer from tesla. That's BS and I should be able to get 95+k on private market for that. Has new drivetrain and battery so it's a good deal at that price.

    I think you can't value these cars like ICE vehicles. They should retain far more of their value. I'm never buying another tesla - will only lease as I will always want the latest and greatest every 2-3 years (like an iPhone)...
     
  20. PlanB

    PlanB Banned

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    Exactly and frustrating.

    - - - Updated - - -

    I will work on getting an exact "in writing" offer from Tesla and post it.
     

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