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A brand new LR AWD for $48,990 with a $2K CA rebate.
Or a used 2018 LR RWD with 58,000 miles for $40K, or with 23,000 miles for $42K.
How does that make any sense?
I bought my 2019 LR RWD for $43K in March. After incentives my net price was $35K. How could one with 58,000 miles on it be worth $6K more than my brand new one?
This is why the used Model 3 market makes no sense.
Supply and demand, supply and demand.
Very few Model 3 on the used market therefore relatively high prices. Remember, we only had real volumes of Model 3, even in North America, sold new since the middle of 2019, so very few vehicles are over 18 months old. People rarely sell a car that new unless they are unhappy with it and very few Model 3 owners are unhappy.
I'd agree once the Model Y is available in volume you will start to see an uptick in used inventory, partly because of people trading to a larger vehicle and partly because by then there'll be substantial number of 2 year old cars (getting on 3 years old).
Well, supply right now is zero. Tesla literally has no inventory for new or used Model 3’s anywhere in the country.
But new Model 3’s can be had if you are willing to wait the 4-7 weeks. So from a practical standpoint, given today’s new car pricing, how many of us would buy a car with 58,000 miles on it for $40K versus waiting for a new one to be built?
Well, supply right now is zero. Tesla literally has no inventory for new or used Model 3’s anywhere in the country.
But new Model 3’s can be had if you are willing to wait the 4-7 weeks. So from a practical standpoint, given today’s new car pricing, how many of us would buy a car with 58,000 miles on it for $40K versus waiting for a new one to be built?
Interesting breakdown.This is where the LR 2WD is trading at the Manheim auctions:
1/3/20 $42,700 4,363 4.5 EL/A Blue Regular Southwest Dallas
12/27/19 $42,750 2,710 4.1 EL/A Red Regular West Coast Nevada
12/26/19 $29,200* 17,550 2.1 EL/A Black Regular Southeast Palm Beach
12/12/19 $36,600 7,999 4.0 EL/A Silver Regular Southeast Mississippi
12/11/19 $42,600 2,326 4.9 EL/A Blue Regular Southeast Nashville
11/27/19 $40,400 10,490 4.2 EL/A White Regular Southeast Palm Beach
11/26/19 $42,500 4,858 2.6 EL/A Black Lease West Coast Riverside
11/26/19 $37,250 10,321 4.0 EL/A Blue Regular West Coast Riverside
A brand new LR AWD for $48,990 with a $2K CA rebate.
Or a used 2018 LR RWD with 58,000 miles for $40K, or with 23,000 miles for $42K.
How does that make any sense?
I bought my 2019 LR RWD for $43K in March. After incentives my net price was $35K. How could one with 58,000 miles on it be worth $6K more than my brand new one?
This is why the used Model 3 market makes no sense.
It’ll be out of warranty or have branded title for that price especially with CA extending HOV stickers to used.
You might be able to score a nice EAP car for that when FSD diverges further.
My apologies I thought they were the same thing? Or is EAP what the old Model S's have?