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Model S Perf 85kw VIN 2277 on eBay, Currently at $110,000 with $119,900 BIN

Discussion in 'Tesla for Sale' started by ipdamages, Jan 24, 2013.

  1. ipdamages

    ipdamages Roadster Sports 835 & 972

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    Tesla : Performance Package S Model 85kw in Tesla | eBay Motors

    it seems that prices are falling. the sticker on the car is $98,850, plus tax/etc., so there is still a premium (bethesda sales tax is 6%), but the days of making tens of thousands reselling a model S appear to be over. of course, this is logical, when considering that the wait on cars seems to be dropping quickly as well, so immediately buying a car configured by someone else is soon going to be less desirable than ordering one to a buyer's preferred specs and obtaining the $7,500 or higher tax credit. for example, this person ordered in december and had a 5-week wait from deposit to finalize config date:

    Concerned about weak demand

    it appears we are quickly approaching a "normal" resale market, with a penalty to resellers of vehicles.
     
  2. yobigd20

    yobigd20 Well-Known Member

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    Almost the exact same configuration as mine, except I 'downgraded' to 19" wheels, and added the Twin Chargers + HPWC.

    You're forgetting the $990+$180 for delivery & prep fees. I think his total would have been ($98850 + $990 + $180) + 6% sales tax (I dunno if delivery/prep is taxed, theres no sales tax in NJ for zero-emit so I wouldn't know lol), bringing his total to $106021.2, less the $7500 tax credit which then brings it back down to $98.5k. So if it sells for $110k even, he'll profit approx $11.4k, and if it goes for the BIN at approx $21.3k less ebay fees if there are any - doesn't look like much as its not based on %.

    Anywho, good luck with that. What's funny is that even though there are 6 bids up to $110k, the 'reserve is not met', HAHA. That's just plain ol' dumb. For the buyer's side, they'd be paying a hefty $12k-$25k premium for a 'used' vehicle and not even eligible for the tax credit. A total waste of $$$ since their production rate is climbing and waiting times have dropped significantly.
     
  3. ipdamages

    ipdamages Roadster Sports 835 & 972

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    the $990 and $180 were the "etc." i included in my original post above.

    the seller will not get the tax credit, so his/her actual cost will be the $106,021.20 you calculated (and to answer your question, there is no tax on the other fees). as a result, the profit to the seller is $4K-$14K (ignoring the reserve price issue).

    i completely agree with you. one has to be jonesing to get a model S immediately and be willing to pay a lot for that in order to buy a used model S like this - especially given that you don't seem to save much time with this type of a purchase.

    i like the 19" wheels much more than the 21"ers. i think it's just a matter of time until tesla releases a 21" version that doesn't have the fan design.

    have fun with your new model S!
     
  4. yobigd20

    yobigd20 Well-Known Member

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    Why would the seller not get the tax credit? Only thing I saw was that you had to BUY the EV and owe more than $7500 in tax for the year in order to get it all back. I didn't see any text about needing to still own the car at end of year to get the credit.
     
  5. yobigd20

    yobigd20 Well-Known Member

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    I looked more into this and again as far as I can tell, even if you sell the car you still keep the rebate. "first individual or company to 'own and register the car' claims and keeps the credit. The credit is only available once per vehicle to the first owner."

    Apparently this also created a loophole with GM's "60 day 100% money back guarantee" they have with the Volt. You can buy the Volt, register it, return the Volt and get all your money back, then claim the full $7500 on your return. This is valid because you we're the original owner of the car and placed it in service. GM goofed on that one. Oh well.
     
  6. ipdamages

    ipdamages Roadster Sports 835 & 972

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    The exact language of the law is that in order to qualify the car must be:

    "acquired for use or lease by the taxpayer and not for resale."

    As to how long one must hold it before selling, I don't know that that has been tested.
     
  7. yobigd20

    yobigd20 Well-Known Member

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    Its not specified anywhere. The intent I believe is to prevent any dealer from claiming the rebate instead of the consumer (like where a few Chevy dealers did and prevented the consumer from getting the rebate) As for a regular consumer, any argument saying the intent was for resale is impossible to prove. You could have it 1 day then say it was too strenuous on your finances and needed to get rid of it. That's perfectly valid and you can still get the credit. Hell you could even argue that you didn't want to lose your non-refundable deposit so you sold it the day u got it as the original intent was not for resale.
     
  8. Zzzz...

    Zzzz... Member

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    Leaf dealers did just that - sold Leafs to each other and took credit and then sold discounted car right away to a customer who were not able to take advantage of tax credit...
     
  9. yobigd20

    yobigd20 Well-Known Member

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    Shame on them! So corrupt. It's sad the world we live in and the ongoing scams to screw others just to make a few bucks.

    However I kinda think that's how every manufacturers rebates work too for ever car. If a manufacturer is offering $1000 incentive and a dealer trades that vehicle to another dealer, I think the original dealer keeps the incentive and its not passed to the consumer..
     
  10. Al Sherman

    Al Sherman It's about THIS car.

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    So, when I win the High School raffle; what should I sell the car for?
     
  11. yobigd20

    yobigd20 Well-Known Member

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    Donate it to Obama. ;)
     
  12. ModelX

    ModelX Member

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    Al, you will be happy to hear that when I win the raffle I will be driving the car around, so you don't need to worry about what to do with it!
     
  13. SD Supercharger

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    Better yet, donate it to Mitt Romney!
     
  14. bonnie

    bonnie Oil is for sissies.

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    Hate to burst the 'when I win' bubble, but it turns out it is only open to Washington State residents. Phil will be contacting the out-of-state folks. Of course, if you have friends in Washington State, you can give your ticket to them & update the ticket contact information.

    Luckily for me, my former college roommate and good friend is a family doc in Tacoma. Guess who is getting my ticket? And guess what she'll give me if she wins??

    :)
     
  15. ModelX

    ModelX Member

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    Drat! I guess my parents will be happy to have more tickets!
     

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