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Owner Frustrated with Tesla Depreciation

Discussion in 'Model S' started by MelvinLee, Dec 21, 2018.

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  1. Tic-tac-toe

    Tic-tac-toe Member

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    Nah. Love my SP100D. Never loved a car so much. 0 to 60 in 2.3 secs, baby. If you drive it, you’ll want it:). In fact, the only other thing I’ve loved as much was the iPad when it first came out. Brings sheer joy and worth the money.

    Going to buy the 2020 roadster...
     
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  2. azred

    azred Active Member

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    These threads are very Short sighted.
     
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  3. Chancellor32

    Chancellor32 Member

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    Clickbait, new poster that has 14 posts. Probably doesn’t even own a Tesla just a hater. Anyone buying a Performance model should know it’s going to depreciate way faster than base models.
     
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  4. Tic-tac-toe

    Tic-tac-toe Member

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    And yet people buy the performance models anyway... for the performance. Surprise, surprise.

    For the same reason some people buy a Dodge Charger instead of a Toyota Camry.
     
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  5. OCN11a

    OCN11a Member

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    They hold value wayyyy better than BMW. lol. As a former owner!
     
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  6. Rockster

    Rockster Active Member

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    OP, paragraphs are your friend...
     
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  7. Saghost

    Saghost Well-Known Member

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    Yes, luxury car depreciation is painful, and can be surprising to people that haven't bought new cars on this end of the market before. The rest of your rant is badly misplaced. The S actually does significantly better than it's natural competition, as noted by comparisons like this one:

    Tesla Model S retains its value better than gas-powered cars in its segment, losing only 28% after 50k miles

    [​IMG]
     
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  8. MelvinLee

    MelvinLee Banned

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    They don’t anymore as a former owner of several, they use too and they should but when the manufacturer decides to drop the price 50% on a used 2 year old Model s they set the market price. Also keep in mind when you comparing Bmw Mercedes, etc they release their newest model several months before the new year which Tesla does not. So my 2016 P90DL would really be a 2017 based on manufacturer date. So when comparing the 2 realize that most Tesla’s are actually much newer than their model year compared to the others. So most 2017 bmw i8’s would actually be comparable to my 2016.5 Tesla that was manufactured in October 2016 since every other manufacturer realeases the new model anywhere from July, August, September. So when comparing a Tesla to a Bmw or Mercedes keep in mind how old the car actually is and then compare the two. So looking at the 2017 Bmw i8 average $102k and a 2016.5 Tesla $70k it’s pretty pathetic. Especially if you asked someone who has owned both like myself, and I think the i8 can’t hold a candle next to a Tesla when it comes down to it. Ultimately the blame is on the morons running the company. And all cars increase in price year after year for several reasons, one being inflation and so you don’t have upset buyers who paid $170k P100DL in 2017 and then ones paying $150k in 2018 for the exact same thing. Common sense should tell you that’s not how you run a company unless your desperate for sales and money which will lead to the demise of your business starting with losing your customers first.
    This depreciation has occurred when Ap2 finally starting rolling out the new software and with Elon’s big promises etc coming to light again as far as EAP and FSD goes. So please find a current graph cause this huge depreciation just occurred in the last 2 months. So all those are irrelevant now. And it wasn’t only to the P90DL it happened to all except Ones with Ap2 and FSD
     
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  9. acoste

    acoste Member

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    Electrek is heavily biased.

    There is a link on the #3 post here. It shows just average depreciation, noting exceptional.
    Depreciation 2014S 85kw-13 monts
     
  10. D.E.

    D.E. Uncorked

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    There are actually 1521 cars. He isn’t lying, he just knows where to look.

    Tesla doesn’t set used car prices, the market does.

    I think I might like to see 2 year old cars going for half the new cost. I’d like to get a nice 2 year old P100DL with AP 2.5 for $65k. A white one.
     
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  11. Chancellor32

    Chancellor32 Member

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    Totally, If i bought a performance it’s because I want one and I don’t care about resale haha
     
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  12. ⚡️ELECTROMAN⚡️

    ⚡️ELECTROMAN⚡️ Active Member

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    Moderators please delete this ridiculous thread. Never heard of someone hating a car because of deprecation. Everyone knows buying a brand new car is a bad investment.
     
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  13. demundus

    demundus Active Member

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    Holy heck I cannot read this... Here's some help

     
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  14. mkspeedr

    mkspeedr Member

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    Seriously - is this the first high end performance car you have bought?
     
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  15. MelvinLee

    MelvinLee Banned

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    Yes I would like to see one as well for that but if you bought one new I’m sure if you would like seeing it. And I know about
    Ev-cpo.com to see all the Tesla’s on their website. How many P100DL do you see? None? Why? Cause everyone has kept them? No cause Tesla doesn’t want to sale you used ones of the P100DL. Now if you call them and let them know that you only want a used P100DL than they will send you some otherwise they are trying to dump all the other ones especially with Ap1. And they create their own market price for their CPO cars no one else. The rest of the market is still finding out the hard way when a potential buyer calls and then tells the owner what they are selling for from Tesla which in turn dictates the market price. And thanks but I’m not in English class just a forum so idc about my paragraphs but it looks much better lol. And yes I’ve owned around 10 luxury and exotic cars and out of all the luxury cars I’ve owned the Porsche Panamera was the best in terms of retaining value. Both Mercedes and BMW are awful and Tesla’s should not be as bad in my opinion
     
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  16. ucmndd

    ucmndd Well-Known Member

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    For people that can actually do math:

    The only way to arrive at a $142k P90D was to check every option box. OP lives in California so received a $7500 fed tax credit and $2500 state rebate, so actual out of pocket cost for the car was $132k.

    Filtering EV-CPO results for 2016 facelift AP1 P90Ds with basically all options returns 12 results with an average price of $76,500.

    That’s about 40.1% depreciation in two years.

    Stellar? No. Right in line with or maybe slightly better than similar cars? Yep.

    Also, let’s be fair even though OP came in swinging like a tool - a late AP1 P90D with every option might well be THE high water mark in terms of Model S depreciation. October 2016 was a piss-poor time to buy THAT car at full MSRP (anyone remember the crazy Q3 ‘16 leases and “showroom discounts” pushing $30k on brand new inventory models? I sure do. Too bad OP missed the thread).
     
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  17. seattlite2004

    seattlite2004 Active Member

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    #37 seattlite2004, Dec 21, 2018
    Last edited: Dec 21, 2018
    From Car Gurus....some EV Depreciation Comparisons:
    upload_2018-12-21_22-32-56.png

    upload_2018-12-21_23-18-14.png
    upload_2018-12-21_23-17-15.png
     
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  18. seattlite2004

    seattlite2004 Active Member

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    And some ICE comparisons....wow...that 2012 R8 holds its value!!

    upload_2018-12-21_23-0-1.png

    upload_2018-12-21_23-0-8.png
     
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  19. MelvinLee

    MelvinLee Banned

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    866E97B6-BB5C-4150-9C6D-66BDD8907C71.png
    Nope 2016.5 P90DL Msrp $144,950
    No Facelift model s ever had V1 battery. Only V2 or V3 and they get 270 miles instead of 253 for the V1. So $144,950-$7,500=$137,450
    Too bad you missed this thread
     
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  20. MelvinLee

    MelvinLee Banned

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    I wish I would have leased
     
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