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Are you 100% sure that you're going to swap out the S for a 3?
In my opinion: if you're worried about depreciation then it seems to me the sensible thing to do would be to just get an S and keep the S, as opposed to buying an S, selling the S in a few years, then buying a new 3.
It's interesting how the different threads look.
On Carter's thread, most people recommended buying new
On this one: most are recommending buying used.
I don't think it makes sense to buy a used car if the price is anywhere near the new car, unless the old car has EVERYTHING you want, and the new car lacks something.
If you're deciding between $54k used car with everything and a $67k bare bones new car... the $13k is compelling
but deciding between a $63k used car and a $67k new car?
not so much.
especially if the used car has things you don't want (21in tires) or lacks things you might want.
It is true that New Cars depreciate faster than used cars
HOWEVER: the new car has things that the old car won't. (Autopilot, new fascia).
my guess is that the old fascia cars without autopilot are going to start to depreciate like crazy.
think about it this way... what's worth more in Jan 2019:
-a 2 year old 2016 car with Autopilot and current fasica?
-a 5 year old 2013 car without autopilot, and old fascia?
in the end, you should go with your gut.
trying to make a "wise" financial decision when buying a luxury product is a mind numbing exercise in futility!
The wise financial decision would be to baby your current car, or to buy a Volt or the new Prius Prime!
(I think the Volt is AWESOME).
In my opinion: if you're worried about depreciation then it seems to me the sensible thing to do would be to just get an S and keep the S, as opposed to buying an S, selling the S in a few years, then buying a new 3.
It's interesting how the different threads look.
On Carter's thread, most people recommended buying new
On this one: most are recommending buying used.
I don't think it makes sense to buy a used car if the price is anywhere near the new car, unless the old car has EVERYTHING you want, and the new car lacks something.
If you're deciding between $54k used car with everything and a $67k bare bones new car... the $13k is compelling
but deciding between a $63k used car and a $67k new car?
not so much.
especially if the used car has things you don't want (21in tires) or lacks things you might want.
It is true that New Cars depreciate faster than used cars
HOWEVER: the new car has things that the old car won't. (Autopilot, new fascia).
my guess is that the old fascia cars without autopilot are going to start to depreciate like crazy.
think about it this way... what's worth more in Jan 2019:
-a 2 year old 2016 car with Autopilot and current fasica?
-a 5 year old 2013 car without autopilot, and old fascia?
in the end, you should go with your gut.
trying to make a "wise" financial decision when buying a luxury product is a mind numbing exercise in futility!
The wise financial decision would be to baby your current car, or to buy a Volt or the new Prius Prime!
(I think the Volt is AWESOME).
Science fan
Member
I thought about that as well.But it looks like a 10+ hour drive home, which would be a bit longer with charging.
Why not do the trip over two days, enjoy the journey, stay overnight someplace nice, and save $1,500 in the process? Great way to become introduced to your new family car.
If you are stuck on AP, then the decision is simple. If not, some of the benefits of the CPO would be that items may have already been fixed under warranty and you get another 4 years/50K miles of additional warranty. Not to mention the hit you will take to value on a new car in the first few years.
Ghosty
Member
I had the option of snatching up an Inventory 60 Refresh - 2016 with 50 miles, AP1, and Premium Interior Package for 69,900 (It had a discount). That isn't including the additional 1,000 referral off, and the 7,500 tax incentive.
After trolling the sites for a while - I didn't find a 2014 S85 under 40k miles - below 53k. I regret not moving on the New Refresh inventory above. ;(
After trolling the sites for a while - I didn't find a 2014 S85 under 40k miles - below 53k. I regret not moving on the New Refresh inventory above. ;(
jeepn30
Member
Congrats! Hopefully it wasn't a loaner/service vehicle (the first 2 cpo's I bought were, and both were in accidents before they were taken out of service). Now on to one of the longest waits in your life (It seems like forever). But soooo worth the wait.
mbhforum
Active Member
I just ordered a CPO, but ran a Carfax report and it came back clean. Did Tesla disclose this to you?
jeepn30
Member
The first car I bought was on their website, so I had no idea it was a service vehicle. The 2nd one I found from my CPO advisor, as it was not listed on their website. So I knew the 2nd one was a service vehicle. Both had clean histories (well, until the point they were both in accidents...).
All the cars on the public CPO site should have clean CarFax reports (the unlisted ones are a different story). However, they are also in the service loaner fleet, and can be damaged which won't be discovered until the car is retrieved. My first CPO was found with quarter panel damage after being retrieved from the loaner fleet. Its carfax was clean, but Tesla disclosed the damage to me and allowed me a choice of a different vehicle or getting my deposit returned.
skitch23
Member
Did you have to ask him directly? Or did he disclose it up front. The CPO reserved (and am still waiting for) had a clean car fax.
jeepn30
Member
He disclosed it to me up front when I was at that service center. When he would send me weekly listings, it would say if it was a service loaner on the listing.
mbhforum
Active Member
My DS told me my CPO came back with a clean pre-deliver inspection report with no "red flags". I assume that means no accidents.
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