My Two Weeks Old Tesla Model 3 Depreciated by 10% Overnight

[smashcz]

$69,420 today buys way more Model S than my $104,000 P85 Model S from 2015. That’s the nature of high tech. How is your iPhone investment holding up?

Not sure what's your point, he's talking about 3 weeks, not years, big difference.

 

[one2many]

1. honda Accord came out and they demanded 5K over sticker, 6 months later 5K under
2. We should have bought Lambo's in 1980's
3. I think we all feel bad for the OP
4. If I had this issue I would be mad as hell and told my bartender about it
5. All my BMW's lost more than 10K the day I drove them off (stairway to heaven) maybe
6. This is not the first post about this, there are many, and will be more
7. Enjoy what you have, it did not change your eye color, love what you have and people around you
8. If all else fail post here

 

[dmurphy]

3. I think we all feel bad for the OP

I don’t. He’s still got the exact same car he bought and paid for. In fact, he owns the only car brand on the planet that continues to improve the longer he owns it.

So no, I don’t feel bad at all. This is the way of progress.

 

[one2many]

Oops, I thought I was in the 60's love and peace forum,
please continue the flaming process

 

[Kevy Baby]

please continue the flaming process

As is the way of all internet message boards

 

[dmurphy]

please continue the flaming process

No flaming necessary; just staying that I don't feel bad for anyone here. They bought a car, the car does everything it was advertised to do, that's that.

I got 99 sympathies, but this ain't one.

 

[one2many]

Yes but have you ever done dark side of the moon with
wizard of oz ?

 

[Kevy Baby]

Yes but have you ever done dark side of the moon with
wizard of oz ?

The album only lasts half-way through the movie and then you're just left hanging.

 

[one2many]

OK, well I have never lasted that long. Check mate , for many reasons

 

[dmurphy]

Yes but have you ever done dark side of the moon with
wizard of oz ?

Indeed. Start with the lion roar.

 

[Rockster]

Not sure what's your point, he's talking about 3 weeks, not years, big difference.

My point is that high tech is a depreciating commodity, no matter the time frame, and his is not a unique experience.

 

[ahhlun]

The fact that car salespeople may be dishonest is not a reflection of my naivety but the salespersons lack of moral compass. There are protections in place (at least in Australia) against misleading information that gets enforced often enough to help adjust compasses.

How dumb do you have to be to trust what a car salesman said? It's not about your naivety but about idiocy.

If there really is protections in place in Australia against such then why are you even posting about it here? Go sue the salesman. I doubt that would happen? Is it in writing and in contract that he guarantees on Tesla's behalf on certain % of deprecation?

Tesla is a business, it will make whatever business decision it needs to get TSLA stock price up.

 

[CertLive]

Price goes down, then it goes back up.

 

[valaeyron]

I thought all cars depreciate a ton (well over 10%) the second they’re titled the first time...? That’s not even “overnight”...that’s as fast as you can sign your name...

 

[ElectricIAC]

Tesla just dropped the price of M3 by $8000 in Australia.

This is good news for motorists considering an EV in Australia and I am all for it. However, it short-changes the customers who recently bought a Tesla. My EV depreciated when I drove it out of the showroom (less than three weeks ago) as expected but I did not expect it to depreciate another 10% overnight. I have spoken to Tesla and they have no sympathy for customers like myself.

I am happy with the product but I have previously posted about the very poor sales process and customer service (or in fact lack of it). This is just the icing on their bitter cake.

Who else is affected by this decision and what if anything do you plan to do?

Welcome to the world of Tesla. My P3D once had a 81.5K sticker. Lol.

 

[MacGreiner]

don't feel bad, the P3 was over 70k USD a few years ago. Just glad they are dropping the prices and increasing the range!!

Ah yes - this was I when I bought one. It happens to all of us. Hopefully you'll make it up on the next one. Teslas are so crazy expensive in Australia.

 

[kms0127]

I totally understand where poster is coming from. His frustration is coming from the fact that VALUE of his vehicle dropped more than it was initially anticipated and the cause was Tesla knowingly hid (did not announce prior to) price decrease and subsequent refresh.

While this can be frustrating, I think the frustration should come more from the fact that we were not informed of price decrease and refresh thus having HIGHER INTIAL COST for a lesser car. People arguing about paying more for lesser car back in 2018 is irrelevant to this discussion as poster bought the car 3 weeks before a refresh and price reduction without knowing of such event.

I know that flash sales happen all the time but some retailers, such as Costco, price match and provide refund if purchase was made within 1 month of price reduction. I believe it would go a long way for Tesla if they could somehow compensate, not a full price match, which would be naive, but maybe free supercharge miles or something similar to those who were impacted most with similar policy as Costco.

 

[Raechris]

Not sure what's your point, he's talking about 3 weeks, not years, big difference.

Everyone knows a new car loses its highest percentage drop in value the moment it leaves the lot. My three year old S has been left behind my the current Tesla technology and yet comes out exactly even based on the monthly payment I agreed to pay (positive after business writeoffs)

 

[valaeyron]

I totally understand where poster is coming from. His frustration is coming from the fact that VALUE of his vehicle dropped more than it was initially anticipated and the cause was Tesla knowingly hid (did not announce prior to) price decrease and subsequent refresh.

While this can be frustrating, I think the frustration should come more from the fact that we were not informed of price decrease and refresh thus having HIGHER INTIAL COST for a lesser car. People arguing about paying more for lesser car back in 2018 is irrelevant to this discussion as poster bought the car 3 weeks before a refresh and price reduction without knowing of such event.

I know that flash sales happen all the time but some retailers, such as Costco, price match and provide refund if purchase was made within 1 month of price reduction. I believe it would go a long way for Tesla if they could somehow compensate, not a full price match, which would be naive, but maybe free supercharge miles or something similar to those who were impacted most with similar policy as Costco.

I get it but this is what happens with capital expenditures. At what point should they stop compensating folks??

 

[traxila]

Tesla just dropped the price of M3 by $8000 in Australia.

This is good news for motorists considering an EV in Australia and I am all for it. However, it short-changes the customers who recently bought a Tesla. My EV depreciated when I drove it out of the showroom (less than three weeks ago) as expected but I did not expect it to depreciate another 10% overnight. I have spoken to Tesla and they have no sympathy for customers like myself.

I am happy with the product but I have previously posted about the very poor sales process and customer service (or in fact lack of it). This is just the icing on their bitter cake.

Who else is affected by this decision and what if anything do you plan to do?

You got what you paid for. Enjoy the great car!