These cars, seriously? Both are priced at just under $90,000. I priced them out on Tesla's website and you can buy either of these for $95,000 BRAND NEW. For most, factor in $10,000 off for federal and state tax breaks and you're at $85,000. Why in the world would ANYONE pay more for a USED car than they can buy a brand new one for? THEY WOULDN'T. People can dream all they want and ask ridiculous prices for their cars. All the P85D's priced at $100,000 or more are just dreaming. Anyone in their right mind would want AT LEAST a 10% discount to buy a used car with fewer miles remaining on the warranty and less time with more worn out tires, plus a further discount based on the number of miles it has. $87,000 was actually a good price for the P85D that was the subject of this thread. An 85D at $75,000 is probably still a little on the high side for a USED one when you can buy a brand new one for $85,000 and get it EXACTLY the way you want it with no sacrifices in options because on a used car, you don't get a choice.
Ebay truly is the best indicator of ACTUAL MARKET VALUE. People bid on the cars to the highest someone is willing to actually pay for it. That my friends, is "market value". The P85D that sold for $87,000 was bid to that amount. If it was worth more, why didn't people bid more? Because it wasn't worth more! Ebay is by far the most popular listing site for used Tesla's, commonly having 50-60 of them on there at any given time. Most owners are unrealistic and list them at prices that would net them more than what they paid for it since they likely got the tax credits. How these sellers think they can sell a used car for more than what someone can by a new one for, or for just a couple thousand less is beyond me.
I know everyone loves their Tesla's, I love mine too and they all think its the greatest car in the world and is worth more than money could ever reflect, but I'm sorry to say folks, it's still a CAR and cars DEPRECIATE and they depreciate DRASTICALLY in the first year. Based on what cars ACTUALLY SELL FOR, not what people ask for them, it's safe to assume that your car's value after one year is likely around 10% below the after tax credit price less between 50 cents and $1.00 per mile for every mile it has on the car. Thus a $90,000 (net after fed/state credits) year old Tesla with $10,000 miles is likely going to sell for around $76,000. Tesla Trade in value will likely be $68,000. Kelly Blue Book will likely be $65,000.
No owners are forced to sell their cars for anything less than their willing to accept for it. However, only those that wake up to reality actually get their cars sold. The rest, just re-list them and re-list them and re-list them until they eventually give up and realize that they're stuck with what they have for a couple more years until the loan balance declines to a level equal with the value. The good news is that, the Tesla seems to hold its value pretty well after the first year hit. 35-40% depreciation in the first year, then only about 4-5% per year following.
The only problem right now is that the 85D's and P85D's have only been available for just over one year. Therefore, out of the 50-60 cars on E-bay, maybe one is an 85D and 3-4 are P85D's. Not too many people sell cars after just one year. Two years ago, there weren't many used Tesla's on the market of any kind. Naturally, in the next year or two, 85D's & 70D's, the two most popular, will be plentiful on E-bay. Naturally, those that want to save money, still want the best available and of course their first choice is a D model, but most will have to wait a little while longer or be happy with a used RWD car since there are plenty of those available. Most of those are over-priced too, but you see several come up weekly with "reasonable" prices from sellers actually ready to sell now.
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