I had a 100D for two years (35k miles) and sold it to Carmax in May of this year for 60k. Original price was 100-110k. You can probably do better.
Sellers are, by definition, half of a market...and are not beholden to anyone regarding pricing of what they sell. Invoking the concept of "fault" is an inappropriate deflection of personal responsibility.
So if you just picked up your (now sold) $110K 100D on a Friday and you woke up Monday morning and read that you can buy that very same car for $60K then you'd look in the mirror and blame yourself ?
CRAZY! OTHER COUNTRIES CHARGE 200K FOR THE P100D ? THAT'S NUTS. THANKS FOR CONFIRMING TESLA SCREWED EVERYONE IN THE WORLD ON THEIR TOP MODEL. MISERY LOVES COMPANY..LOL.
GREAT POINT LUDALICIOUS! AND A LAMBO DOESN'T NEED 30MIN FOR FOR THE BATTERY TO HEAT UP FOR LUDICROUS PLUS MODE EITHER. LOL.
Xenoilphobe
Active Member
I think comparing a lambo to a Tesla is a bit dumb. A lambo typically is not a daily driver... I think lambo are sexier, but I wouldn’t want to drive one everyday.
I feel your pain. Anyone that bought from 2016 to 2017 go the worst deal. I paid $113k for my S90D in December 2016. I only have 30k miles and not a scratch on it and Tesla trade in value is $51,700...
gilscales
Active Member
After 18 mo. I still owe more than my RWD LR 3 is worth ($40,300) but am driving the hell out of it to make up for it, 34k miles and counting, after 100k miles one of the kids will probably get it.
gilscales
Active Member
WHAT?......WHAT?.......OKAY!, Seriously I understand that you are upset and that is a big hit but you're car is worth at least 80 to 90k according to what I see of private party sales, like another here has said you happened to buy at the worst possible time, not your fault but it is what happened, massive price drops coupled with the Raven release and now the Plaid being teased for mid 2020, high end buyers like yourself that have the means will most always choose the best so it diminishes the value of yours further, FWIW even though I cannot justify spending money like that I do not hate you for having the ability to do so.......GO CAPITALISM!
Is it really capitalism when the manufacturer sets, controls, and manipulates the pricing?
gilscales
Active Member
I was referring to your ability to purchase such items vs. the current trend of our misinformed youth on socialism.
And the answer to your question is yes it is as long as the Government is not setting, controlling and manipulating the prices.
When another car manufacturer pulls levers like $5,000 or $10,000 off of msrp to affect sales it seems that no one complains, it is common practice for car manufacturers to have sales and for massive discounts from msrp
Where metrics do you use to back up statement?
View attachment 468595
Study: Tesla Model X and Model S continue to hold values better than rivals
View attachment 468597
Tesla Depreciation Case Study a Positive Read on Demand | Loup Ventures
Tesla Model S retains its value better than gas-powered cars in its segment, losing only 28% after 50k miles - Electrek
The dates on those references are very convenient. The first 2 are from late 2018 and the 3rd is from 2016. You DO know that Tesla massively cut prices earlier this year, right?
The low depreciation was true then. Heck, it may even remain true or be even better as long as they don't continue to cut prices. But you can't tell the OP who lost half his car's value in 1 year that Tesla has very low depreciation.
These vehicles are subsidized. And price cuts are directly correlated to change in rates of the subsidy. So...is it capitalism at play?
From here it looks like there was never a market for a $130K electric car.
bhzmark
Active Member
- Jul 21, 2013
- 3,418
- 5,156
I didn't say it, the articles that looked at statistics said it. His one anecdote (and notice he onlys refers to "sticker price" -- not the actual cost to him) doesn't undermine the clear statistical historical evidence that Tesla has lower depreciation compared to its peer models.
Are you just going to ignore the big price cuts? When you slash $30k off the MSRP, used prices are going to drop by around $30k. Nearly any Tesla purchased before February 2019 has suffered massive depreciation due to the price cuts. If you compare them to their new MSRP their depreciation might be fine, but compared to what was actually paid for the cars it's horrible. Like worst modern car depreciation ever horrible.
strider
Active Member
And along the same lines, Tesla is literally fighting for its life on a daily basis. They are completely dependent on Wall Street for continued funding (they are still a long way from cash flow positive) and so they must dance to Wall Street's tune. Wall Street wants to see more cars shipped, so Tesla has dropped prices in order to sell more cars. It's not personal. They aren't trying to "screw" their old customers (look at my .sig line, I'm not talking out of my arse here), they are simply trying to keep moving forward, making the best decisions that they can each day.
Ostrichsak
Active Member
If your primary concern in deciding what car to buy is depreciation you wouldn't buy a new car of ANY brand.
I have never seen any other brand of vehicles reduce prices as fast as Tesla has. From 2013 to 2016 Tesla vehicles were doing great on resale but once the Model 3 was released the demand for the S & X greatly decreased and Tesla started slashing prices. Heck when we bought FSD we were guaranteed if we bought early we would be getting the lowest price because after purchase FSD prices would be much higher. That also did not last before Tesla was giving the options away much lower as well.
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