KublaConn
Member
Trade-in value is not an accurate measure of true depreciation. How much you can get for it on the re-sale market is the true measure of how much it has depreciated, or if it has depreciated at all.
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BUT in states you pay sales tax on difference that is a big swing, and also easy of transaction... it does matter in depreciation especially when talking about a specialty car like a tesla. That 1 people want with a CPO warranty, and 2 will have hard time financing $60,000 (sometimes)Trade-in value is not an accurate measure of true depreciation. How much you can get for it on the re-sale market is the true measure of how much it has depreciated, or if it has depreciated at all.
BUT in states you pay sales tax on difference that is a big swing, and also easy of transaction... it does matter in depreciation especially when talking about a specialty car like a tesla. That 1 people want with a CPO warranty, and 2 will have hard time financing $60,000 (sometimes)
so I called my advisor today to have him run some numbers on trading my 3 week old 90D in on a P100D. I figured I would take a 10% to 15% hit. It has 540 miles. Imagine when he quoted me a 23% hit! I almost fell over. I thought Land Rovers were bad but I think Tesla wins with the fastest depreciation. 23 friggen percent!!!
I love articles about depreciation that were before or do not take into consideration new hardware i.e. 2.0
Tesla tells you deprecation when's trade in is 25% off retail after week one.
Tesla told me how much they would pay me and also how much they would sell it for, Although it seemed like a pretty big mark up there was no double dealing.Tesla will tell people it's lost a lot of value and then go around and sell it for much mor
Tesla told me how much they would pay me and also how much they would sell it for, Although it seemed like a pretty big mark up there was no double dealing.
But you need to keep in mind any federal and/or state credits involved. Those will play into the overall "depreciation". That could amount to 10% or more right off the top. I think that gives most people the wrong impression on true depreciation.I love articles about depreciation that were before or do not take into consideration new hardware i.e. 2.0
Tesla tells you deprecation when's trade in is 25% off retail after week one.
So credits are not really credits. Just used car market credits that second hand purchases get 100% of benefit.But you need to keep in mind any federal and/or state credits involved. Those will play into the overall "depreciation". That could amount to 10% or more right off the top. I think that gives most people the wrong impression on true depreciation.
So credits are not really credits. Just used car market credits that second hand purchases get 100% of benefit.
I get it, but still not intended purpose. Just makes ppl believe they are getting a good deal