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Model S depreciation

Discussion in 'Model S: Ordering, Production, Delivery' started by seasenor, Jun 24, 2017.

  1. seasenor

    seasenor New Member

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    san antonio
    Hi All, I have a 2016 90D Model S with 17,000 miles in excellent condition and wanted to trade it in for a model X looking for a different ride and Tesla told me this car has lost 35% of its value in 14 months. Is anyone aware if this is typical for a Tesla to take a huge value dump in the first year?
     
  2. kelver777

    kelver777 Member

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    I'm curious, how much did they offer? Vs How much you paid?

    As for the depreciation, when doing the calculation first you have to subtract any delivery fee and federal/state EV incentives that were available from the price that you paid. Once you have that number, most car brands will depreciate about 25% after the first year.

    From my experience the EV cars depreciate a little faster than ICE cars, I've had it explained to me that an EV is like driving your new I-Phone. In your case you have the 90D, so think of it as an I-Phone 6, the P90D would be the 6 Plus model, the 100D would be the I-Phone 7. When the new phone comes out, your "old" phone is now worth a lot less.

    Looking at the CPO's 90D, someone can buy a 2015 for $71,000 with about your miles, or can buy a 2016 with half your miles for $82,500, so if your going to do the trade, do so before it drops even more.

    Just my two cents, anyone have any other thoughts?
     
  3. Buster1

    Buster1 Member

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    35%... sounds about right.
     
  4. Saghost

    Saghost Active Member

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    Once you factor in rebates, most studies seem to show Teslas holding value better than "comparable" cars (Mercedes, BMW, Audi, etc.)

    Which isn't saying much, unfortunately. Luxury cars lose a lot of value rather quickly at the start.
     
  5. JoeZ

    JoeZ Member

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    Facelifted AP2 made older model lose some of its resell value. And when M3 hits the market older MS will lose even more values. If you really want to get a MX, you should sell your MS fast. Try other third parties to see if they can offer you a better price. I think in the short term, MX will hold up better value than MS as long as the Model X is not out and there is no model change to the X.
     
  6. ahkahn

    ahkahn Member

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    From what I've seen the AP2 S's are holding decently right now. AP1 and 60's are dropping since they're now obsolete.
     
  7. wdolson

    wdolson Supporting Member

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    Tesla is always going to low ball you on a trade in. I have a 1 year old S90D and when I looked it up on Kelly Blue Book they said it had dropped about 20% if I remember right.
     
  8. mjm05

    mjm05 Member

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    Check out Vroom's website and search for Tesla. At any given point they have several in-stock and they turn over quickly. Pricing for a 1yr old MS was higher than I expected and they don't have problems moving them.

    You should consider selling to Vroom. I got a trade in quote and Tesla honored it as they considered them a "national" dealer. The offer was 7-8% higher than a local dealer and my original Tesla offer.
     
  9. jelloslug

    jelloslug Active Member

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    You should sell your car yourself if you want top dollar.
     
  10. ron8853

    ron8853 Member

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    Tesla rep explained to me they offer wholesale book less 20%.
     
  11. number12

    number12 Active Member

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    Factor in tax advantages too depending on state
     

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