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?
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Model S depreciation
- Thread starter seasenor
- Start date
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?
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?
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.
ahkahn
Active Member
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.
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.
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.
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.
jelloslug
Active Member
ron8853
Member
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