TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker or making a Paypal contribution here: paypal.me/SupportTMC

New model E, or 5yr old model S?

Discussion in 'Model 3' started by green1, Apr 23, 2014.

  1. green1

    green1 Active Member

    Joined:
    Mar 25, 2014
    Messages:
    4,105
    Location:
    Calgary, Alberta, Canada
    Some interesting speculation here, and the answer will be different for different people. Assuming that the model S depreciates at the same rate as the Mercedes S class, something Elon has promised, the new E will cost about the same as a 5 year old S. Coincidently, when the E is scheduled to launch the first bunch of S cars will be about that age. So which would you pick? (Obviously nobody is holding you to it, there simply isn't enough known about the E yet, but I'm curious to see the speculation and reasons)
     
  2. NEWDL

    NEWDL R#350 R#1323 Sig23 8136

    Joined:
    Jan 5, 2009
    Messages:
    473
    Location:
    NE OHIO
    I would opt for E

    It is new, 5 year newer technology, less (no) wear, I don't need a car as large as the S.
     
  3. qwk

    qwk Model S P2681

    Joined:
    Dec 19, 2008
    Messages:
    2,817
    I really doubt that a 5 year old Model S that is not completely thrashed is going to be that cheap. Getting a Model S for under $50k is going to be difficult for quite some time.
     
  4. dsm363

    dsm363 Roadster + Sig Model S

    Joined:
    May 17, 2009
    Messages:
    18,235
    Location:
    Las Vegas, NV
    I would opt for new car with warranty so Model E if the price was the same and you were happy with the size of the car and everything else about it.
     
  5. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Active Member

    Joined:
    Jul 12, 2012
    Messages:
    4,496
    Location:
    Maine
    By 5 years time I'd expect to see a significant decline in early Model S prices due to a combination of:
    - Cheaper, mid-sized Model E available
    - Buybacks
    - Improved interior
    - Autopilot
    - Battery enhancements

    Tesla should consider it R&D failure if the older Model S holds its value.
     
  6. dsm363

    dsm363 Roadster + Sig Model S

    Joined:
    May 17, 2009
    Messages:
    18,235
    Location:
    Las Vegas, NV
    Good point. I would still think the cars with the extended warranty would hold some decent value if they were in good shape. Especially if Tesla has some sort of battery replacement option then. Buy an old 60kWh and get the new 90kWh pack upgrade for example.
     
  7. Vger

    Vger Active Member

    Joined:
    Apr 10, 2009
    Messages:
    1,682
    Location:
    Salt Spring Island, BC, Canada
    Agree with most here. The Model S will probably become a "great buy" car, like older Mercedes have been. Most have been well cared for, and there will still be a great utility to it. On the other hand, Model E will be new, sexy, easier to park in the city, etc. Different strokes...
     
  8. dsm363

    dsm363 Roadster + Sig Model S

    Joined:
    May 17, 2009
    Messages:
    18,235
    Location:
    Las Vegas, NV
    I would think an old Model S would be a fantastic car to give to a new driver assuming teenager mode had been enabled in software by then to limit the fun. Range wouldn't really matter so even if it was down 15% would still be enough to get someone around town and a very safe car.
     
  9. gg_got_a_tesla

    gg_got_a_tesla Model S: VIN P65513, Model 3 Res Holder

    Joined:
    Jan 29, 2010
    Messages:
    6,097
    Location:
    Redwood Shores, CA
    Oy, you read my mind. My son will get my MS when he turns 16 (9 years from now). The size and power are a bit of a concern though particularly for inexperienced teenage drivers. Maybe, a Leaf is what mom would pick ;)

    As for the original question, assuming the E will be a true "3-series killer", I'd take it new over a 5-yo MS. These cars are computers on wheels after all and almost the same criteria that one'd use when picking a computer should apply.
     
  10. ckessel

    ckessel Active Member

    Joined:
    Jan 15, 2011
    Messages:
    4,266
    Yep, E, without question. Tech will be substantially better and I wanted a smaller car than the S anyway. I won't be getting rid of the S, but we'll probably be replacing my wife's ICE with the E. Well, maybe I'll trade mine in too, we'll see. If it's basically a straight across swap at that point, I might. However, I suspect a fully decked out Performance E will run $80k and my decked out S might be worth 40-50k by then at best.
     
  11. physicsfita

    physicsfita Member

    Joined:
    Jan 20, 2014
    Messages:
    424
    Location:
    Ann Arbor, MI
    I would go for the E based on size. The S would be a beast to park in my parking structure at work. It would also be nice to have the full warranty and a car with the options I want. I generally drive my cars until completely dead, so it's nice to get them just the way I like them (especially since I drive about 40000 miles/year!).
     
  12. ggies07

    ggies07 Active Member

    Joined:
    Nov 8, 2012
    Messages:
    2,248
    Location:
    Ft. Worth, TX
    As someone who doesn't have an EV yet, but will with my next car, I will take either one. The range is so big that even with degradation on the battery, a 5-10 year old Model S would work perfect for me since I have a long commute to work. I won't care about a few scratches or dings, I just want to get off fossil fuels. So when the time comes, whoever needs to get rid of their Model S because they want the latest thing, let me know. :) hahaha.
     
  13. cschock

    cschock Member

    Joined:
    Jul 25, 2013
    Messages:
    111
    Location:
    California
    Both. Keeping the S and will be replacing our Jetta TDI with Model E. When the S turns 9 it's going to be passed down to my daughter as her first car! :smile:
     
  14. TI Sailor

    TI Sailor Member

    Joined:
    May 4, 2013
    Messages:
    182
    Location:
    Treasure Island, FL
    I just read an Autoweek review (April 14, 2014) on the 2013 BMW M5. The as-tested new price was $106,695, and the 5-yr residual calculated by ALG is $20,913. Even more surprising, the 3-yr residual is only $31,824.
     
  15. VolkerP

    VolkerP EU Model S P-37

    Joined:
    Jul 6, 2011
    Messages:
    2,455
    Location:
    Germany
    IMO indicates that M5 used buyers expect high maintenance cost, as for every expensive high performance car. Only cheap cars are cheap to maintain.
     
  16. brianman

    brianman Burrito Founder

    Joined:
    Nov 10, 2011
    Messages:
    15,487
    I would go with the Model E, because I will already (still) have a Model S then. :)
     
  17. Al Sherman

    Al Sherman It's about THIS car.

    Joined:
    Nov 29, 2012
    Messages:
    1,692
    Location:
    Batesville, IN
    If the range on the E turns out to be the same, or more than the MS I would consider trading the S for the new E. I'm astounded by the MS and love it as no other car ever. However, I drive like an old man and don't really need the speed and handling, nor am I really a luxury car type. I DO want the range. If Tesla remains the amazing company that it is now, whatever they offer is in play for me for the rest of my life.
     
  18. ItsNotAboutTheMoney

    ItsNotAboutTheMoney Active Member

    Joined:
    Jul 12, 2012
    Messages:
    4,496
    Location:
    Maine
    Not just maintenance issue, a full TCO issue, I'm sure. Since the used market is more about value, poor fuel economy and high insurance costs both lower price.
     
  19. trigga71

    trigga71 Member

    Joined:
    Aug 26, 2013
    Messages:
    200
    Location:
    SC
    Hard to say. The warranty is the only fact right now. As you move down in price other, non full EV options start to be competition as well ( just speaking real world,not limited to the actual question)

    I would have to say an MS for now as I need the room. And if it continues with out major issues a " tried and true" platform.
     
  20. MarkR

    MarkR Member

    Joined:
    Mar 24, 2012
    Messages:
    893
    Location:
    N. Scottsdale, AZ
    I'm already looking forward to replacing the MS with an ME. I like the idea of a smaller size, I want to lose the rear-view mirrors, the new tech will be appreciated, and the new car warrenty will be a plus.
     

Share This Page