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Not just the M3 configurations that changed overnight
- Thread starter craig_nomad
- Start date
I suspect the configurator hasn't caught up. The change is due in part to the HMRC instigated VAT changes - basically if the GFV is too low it's not really a PCP as nobody will by the car so it's actually a lease. Chapter and verse here
Revenue and Customs Brief 1 (2019): Change to the VAT treatment of personal contract purchases
IMO the GFV is now too low, probably because the finance house is smarting at taking a beating on the residuals when Tesla slashed the top end prices recently.
Whatever the reason, it's going to put a spanner in the man maths calculator for many.
looks like the knock on effects of Tesla's unpredictable behavior is starting to trickle through. you cant blame the finance companies, its like roulette as who knows what your tesla will be worth in 4 years time.
I personally think its suicide to tie into something like a Model S for 48months at a grand a month with 10k down !.
Im hopefully going to settle for a M3 and only if the figures are realistic and over 24 months.
WannabeOwner
Well-Known Member
If you buy a Model 3 now you will be one of the first selling it in the second hand market (for whatever age/mileage the new owner is looking for ...
I know that won't make any difference to PCP but it might to a cash purchase.
I know that won't make any difference to PCP but it might to a cash purchase.
thegruf
Active Member
Candidly - Dont buy a Model S new or used now.
It pains me to says it, but that is the result of Tesla's price slash.
There is now horrible depreciation built into Tesla ownership.
You dont really think a 2yo ModelS P100D is seriously worth £85K when a new one is better and now costs £95K?
ModelS used prices will fall steadily until the market realigns, and there's a load more about to come to market with Model3 starting too.
Even new cars now will suffer as the faceilft is puportedly September '19, then new batteries next year, then a whole new model a year later.
Sure eveyone always has new stuff, but Tesla is techno gagetry so expect similar depreciation to your phone. Tesla have also proved themselves unreliable as to new prices so this has to be factored in too.
This is precisely why the financial markets are hammering GFVs, it is entirely of Tesla's making and is a total own goal as low cost of ownership was one of the biggest selling points.
As @Wannabeanowner says new a Model3 cash purchase is probably the best place to be just now as resale should be sound at least early on.
It pains me to says it, but that is the result of Tesla's price slash.
There is now horrible depreciation built into Tesla ownership.
You dont really think a 2yo ModelS P100D is seriously worth £85K when a new one is better and now costs £95K?
ModelS used prices will fall steadily until the market realigns, and there's a load more about to come to market with Model3 starting too.
Even new cars now will suffer as the faceilft is puportedly September '19, then new batteries next year, then a whole new model a year later.
Sure eveyone always has new stuff, but Tesla is techno gagetry so expect similar depreciation to your phone. Tesla have also proved themselves unreliable as to new prices so this has to be factored in too.
This is precisely why the financial markets are hammering GFVs, it is entirely of Tesla's making and is a total own goal as low cost of ownership was one of the biggest selling points.
As @Wannabeanowner says new a Model3 cash purchase is probably the best place to be just now as resale should be sound at least early on.
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