I took delivery of a white Model 3 LR in March 2021. Just managed to squeak in with the £3,000 U.K. govt grant. So my cash price was £46,990
Out of curiosity I checked We Buy Any Car.
They are offering £47,815 on my LR M3 with 5,000 miles. It’s actually gone up by £400 in the last month!
I’ve never bought a car from new like this before so I am keeping an eye on resale values. Probably with an eye to selling it privately at the end of my PCP rather than just handing it back
There is an option to make a final payment of the projected residue value of £18,496.
So I’m thinking that I can sell the car privately at the end of the PCP in March 2025 and use this difference as a deposit on the next car.
After 8 months and £5,000 the car appears to be holding its value extremely well and seems to have even gone up in value!
Surely it will have to start to loose value soon, but is it reasonable to think my M3 will be worth more than the Tesla projected residual value at the end of PCP term? And if so by how much?
Out of curiosity I checked We Buy Any Car.
They are offering £47,815 on my LR M3 with 5,000 miles. It’s actually gone up by £400 in the last month!
I’ve never bought a car from new like this before so I am keeping an eye on resale values. Probably with an eye to selling it privately at the end of my PCP rather than just handing it back
There is an option to make a final payment of the projected residue value of £18,496.
So I’m thinking that I can sell the car privately at the end of the PCP in March 2025 and use this difference as a deposit on the next car.
After 8 months and £5,000 the car appears to be holding its value extremely well and seems to have even gone up in value!
Surely it will have to start to loose value soon, but is it reasonable to think my M3 will be worth more than the Tesla projected residual value at the end of PCP term? And if so by how much?