You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
Production capacity increasing will solve this.People should really stop buying Model 3s with the intent of selling them. Take a look at this forum - the market is saturated with people trying to sell Model 3s for a quick profit. No offense intended here. In the 10 or so most recent posts, probably half of them are people selling brand new model 3s.
People should really stop buying Model 3s with the intent of selling them. Take a look at this forum - the market is saturated with people trying to sell Model 3s for a quick profit. No offense intended here. In the 10 or so most recent posts, probably half of them are people selling brand new model 3s.
I think I didn't word my point very clearly. My intent wasn't to say that they shouldn't be allowed to do it - but rather that they should stop doing it with the expectation of making a quick profit, because the market seems to be saturated with people trying to do this. In other words - I doubt they will be successful.Making a quick $7500 tax deduction. Supply and demand is a wonderful thing . Why should people stop trying to sell their model 3? It's their choice just like every other car up for sale here. OP GLWS
I think I didn't word my point very clearly. My intent wasn't to say that they shouldn't be allowed to do it - but rather that they should stop doing it with the expectation of making a quick profit, because the market seems to be saturated with people trying to do this. In other words - I doubt they will be successful.
So if a person is only buying a Model 3 with the intent of flipping it for a quick profit - it may not be a wise investment at this point. Between this forum, the facebook group, and ebay, I've seen a whole lot of Model 3s up for sale - and it doesn't seem like many of them are selling.
I was curious, so I checked ebay. There are currently 10 Model 3s for sale. In the past 3 weeks, 8 have sold, most for between $50-55k (most of the others have been "best offer accepted", so we can't see how much they sold for). But it seems like people aren't making much money on them, if any, other than from possibly claiming the tax credit - which brings the potential risk of tax fraud (since the credit is not available if a person if buying the vehicle with the intent to sell - and with people advertising them before they have even picked them up from Tesla, or the day after, it would be hard to argue to the IRS that that wasn't the case).
I agree. The market isn't as strong as I think people were expecting. To go through all the trouble to make some money on a $7500 credit and maybe only get half or less than half of that seems silly to me, and a good deal to the 2nd buyer who gets at least part of the $7500 up front in cash. I give it 90 more days until we see cars selling for under water from these speculators, maybe sooner.
In what way is my comment about tax fraud irresponsible? People are clearly intending to claim the tax credit on vehicles bought purely for resale. Read the tax code:
https://www.irs.gov/pub/irs-pdf/i8936.pdf
Note: "The following requirements must be met to qualify for the credit.... You acquired the vehicle for use or to lease to others, and not for resale."
Is discouraging tax fraud "irresponsible"?
So which is it? The market isn't as strong or we have 90 days before an almost arbitrage opportunity ends?
Both. Cars aren't selling for thousands over the original price as some have hoped, and prices will depress further.
Not recently, certainly it has happened. Hard to always know exactly what the final sale price was, and differences geographically.
As I said above, the first 4 cars I looked at on eBay were sold above sticker, again with the caveat that I assume the seller is including all options in the description. I didn't bother looking further because at this point 4 data points is enough (along with sale prices on other sites) to indicate that sellers are still getting over sticker. Also, it's really easy to see on eBay that reservations are going over $1k.
Making a quick $7500 tax deduction. Supply and demand is a wonderful thing . Why should people stop trying to sell their model 3? It's their choice just like every other car up for sale here. OP GLWS
If someone just wants to commit tax fraud, why even bother buying the car? Go to a Tesla showroom, write down one of their vins and deduct it from your taxes next year.
PS: This is not meant as "tax advice". Just meant as "more efficient way to commit fraud advice"