I ended up buying a late 2022 MS LR with under 3K miles and FSD from an Audi dealer who just wanted it gone, for 60% of the original sale price. Even with the price drops since late last year, that's insane depreciation (probably 50% based on what the guy probably traded it in for). Happy to be on the other side of that, but I really do feel for those that bought last year.
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Model S existing inventory and pricing
- Thread starter danp
- Start date
I ended up buying a late 2022 MS LR with under 3K miles and FSD from an Audi dealer who just wanted it gone, for 60% of the original sale price. Even with the price drops since late last year, that's insane depreciation (probably 50% based on what the guy probably traded it in for). Happy to be on the other side of that, but I really do feel for those that bought last year.
myoda
Member
Still waiting to see what happens after the promo ends in September. Not biting on the offer to transfer FSD as I suspect something else will be offered to move stagnant X and S inventory. Not to mention the trade in value Tesla offered was insulting - with very little value added for FSD. My car is still driving like a champ. Come on $69,420. Some existing inventory is out of market for me, but the pricing is becoming attractive..
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aerodyne
2 of 3 EV's - Defect Free!
Are you saying they offered you 69K for a 17 100D? Not even a P100D? They offered me 81K for my 21.5 plaid with 21s and FSD/AP. Told me the same about FSD being worth very little on the used market. I wasn't even really paying attention to any of the price drops but my hummer reservation just came through so I need to decide if I keep or sell. I was just running through the usual sources to see what the used market was looking to decide if it was worth selling to CarMax, Tesla, whoever or private party. Insulting is an understatement here.
I was able to get auction data from a local dealer to see what had happened and when. Last year this time avg price for a plaid was 125K with avg 5K miles, 6 months ago was 92K with avg 11k miles and past 30 days down to 82K with 13k avg miles. Part of this is also inventory and how long they take to move. The used market is smart enough to know that more new inventory being built up by Tesla likely means more price drops by Tesla to deal with. In any case cars are always going to drop but it sucks that it hit this hard due to what they did. Even funnier how much FSD costs and their own used car people put no real value on it. Thankfully mine has been trouble free as has our 2013 that is about to break 200K miles so aside from the value drop, its at least a solid car and generally cheap to operate.
CleanDemon
Member
Interest rates have destroyed the market and slowed down buying, ergo the lower prices.
Yeah, there's a lot of talk about more competition and other factors, but interest rates are the single biggest reason the Model S and X aren't selling as well as before. Most people finance cars, and higher interest rates make the more higher ends ones especially out of reach. FWIW, Elon was pretty clear about this in one of the recent earnings calls.
Yeah I'm watching the Plaid market and it is insane. It's incredible to as a buyer but I can't imagine the loss as a seller if you bought at the peak when it was 140k-150k....
21 Plaids with higher miles are listing for low 80s to high 70s in some cases, I saw a 22 Plaid somewhat near within my driving distance with like 15k miles listed at 85k after sitting on market for 100+ days and I think it just sold.
A brand new 23 Plaid with no adds is 108k, and when I look at Plaids listed for mid to upper 90s, it makes no sense for someone who can swing 100k on a car to spend mid to upper 90s on a used one when they can get a brand new 23 for just ~10k-ish more. This is likely why prices will continue to tank for Plaids...buyers who can afford a 100k car will be looking at steeper discounts to get into a used one and if the delta between used and new is not that much...there's little sense to buy used. This I suspect is why lot of plaids are now more in the 80s than 90s.
Um… Brand new Plaids can be had for high 90k here. There’s one here right now for…. Lemme go look at the Tesla website to confirm… $99,240. Is that not normal on the mainland?
-Paul
Oh man that's a steal. I totally forgot about discounted existing new inventory. My area currently lowest is a 106k new plaid. There was one for 103k last month.
Unfortunately they limit your search to 200mi of zip code and from what I read they wont allow out of state travelers to drive out and buy and go back.
CapeOne
Active Member
Keep in mind that the posted new inventory prices ($99,240 in this case) do not include Tesla's mandatory destination fee and order fee. $99,240 is actually $100,880.
Speaking for myself, I'd never buy a used Plaid so I went new late June 2023 to enjoy the incentives. Track pack brakes and top shelf forged wheels are a must. FSD is a non-factor.
$114K 18 miles inventory new MSP with 21s, Advanced AP, yoke, 3 year free supercharging, referral discount, etc
$12K CA tax/reg
$16K ceramic brakes
$7.5K 21" forged wheels
$7.5K PPF/tint
=$157K outlay
I essentially got a new 6/23 build MSP + OEM ceramic brakes + 200mph + track mode + stronger/lighter forged wheels + requisite vanity protection for what equates to a well optioned, bone stock MSP a year or so ago.
The only other car I considered is a Taycan GTS wagon, but it cost $50K more for the much slower, less rangey ev with a vastly inferior charging experience.
I'm happy with the purchase.
P.S. Added $40 OEM rear T badge because it looks wrong without
$114K 18 miles inventory new MSP with 21s, Advanced AP, yoke, 3 year free supercharging, referral discount, etc
$12K CA tax/reg
$16K ceramic brakes
$7.5K 21" forged wheels
$7.5K PPF/tint
=$157K outlay
I essentially got a new 6/23 build MSP + OEM ceramic brakes + 200mph + track mode + stronger/lighter forged wheels + requisite vanity protection for what equates to a well optioned, bone stock MSP a year or so ago.
The only other car I considered is a Taycan GTS wagon, but it cost $50K more for the much slower, less rangey ev with a vastly inferior charging experience.
I'm happy with the purchase.
P.S. Added $40 OEM rear T badge because it looks wrong without
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Depending on what you value, the Plaid is still a performance bargain for me. The price for the track pack brakes was reasonable and I enjoy the car every day now that I have the kinks worked out. Is it the ultimate track weapon or backroad blitzer? No, but is still a lot of fun. At the end of the day when I am done playing, I can put my family in and drive across town or across the country with no issues.
Even if the price comes down another 10k, I really don't care. Despite its few issues, there are so far no deal breakers for me since I took care of the brakes and fixed the rear tire wear issue. I don't have an endlessly vibrating Plaid like Jeb. I do have some very minor vives at about 38-42 but barely noticeable now. No rattles to speak of so far. Windshield glass is pretty good with no obvious distortion.
The car just works. One thing that works very well is the AC. A lot of 110F days here. The AC seems to easily handle it. Go out to the car and it is 140F+ inside and it very quickly cools down. It probably is the best all-around car I've owned and is very versatile with the hatch.
Even if the price comes down another 10k, I really don't care. Despite its few issues, there are so far no deal breakers for me since I took care of the brakes and fixed the rear tire wear issue. I don't have an endlessly vibrating Plaid like Jeb. I do have some very minor vives at about 38-42 but barely noticeable now. No rattles to speak of so far. Windshield glass is pretty good with no obvious distortion.
The car just works. One thing that works very well is the AC. A lot of 110F days here. The AC seems to easily handle it. Go out to the car and it is 140F+ inside and it very quickly cools down. It probably is the best all-around car I've owned and is very versatile with the hatch.
Tiger
Active Member
Bonkers, that's like putting money on fire
If you can afford it without missing a heartbeat, it's fine.That $40 part was a stretch for me. And I don't give af whether you think it's fine or not. I just needed that T.Bonkers, that's like putting money on fire
Tiger
Active Member
Yeah, it did rub me the wrong way, the emblems are the first things I take off a car when I get it
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