Knightshade
Well-Known Member
If you don't understand that those of us that spent $11k on P Stealth and don't get any relief
Relief from what?
You got exactly the car you ordered for exactly the price you were quoted.
when those that spend $11k + $5k on PUP get relief
The relief they get is a refund on an option they bought. But you didn't.
I didn't buy a P100D either but they cut the price on that at least 5k at least once- where can I ask for a refund of the price of that thing I also didn't buy? I want some relief!
I understand what you're saying, but you are not understanding me. First of all, I am 100% sure I will either sell my car in the future or total it. Secondly, it is also 100% certain that I will not be making a a gap insurance claim because I have no gap insurance, and have no need for it.
Now, which one is more certain or concrete? How is his thing about gap insurance more "actual"?
I think the word "gap" might be a confusing red herring here. Let's toss it out and just use regular insurance with replacement cost as I expect most folks have.
A P3D+ owner who bought his car the day before the price cut, for say $69,000 then wrecks his car 48 hours later.
His insurance can tell him "Well, it's only $64,000 to replace that car. Here's a check for $64,000." (We'll leave 48 hours deprecation out to make the math easier)
That guy just lost $5000.
That's a real number, and doesn't require knowing the future.
Now, because depreciation DOES exist, you can argue he got jacked out of a bit "less" than 5k. But it's crystal clear he's out SOME money, in the thousands of dollars, without tesla refunding the 5k + package.
Right?
And if same guy wrecks it today- same situation- he's still out some thousands of bucks without the Tesla refund.
So a $5000 refund from Tesla "fixes" that guys problem. Yes?
Now... let's consider a P3D- owner in that situation.
He paid say $64,000. He wrecks it. He gets a check for...$64,000 (again ignoring depreciation for a second). Which he could then buy a P3D+ for if he wanted it.
He doesn't need a check to fix anything. He's still fine. The price cut doesn't measurably cost him anything in that situation.
That's what that guys insurance example was about. The gap thing didn't need to enter into it really (heck pretend everyone paid cash if you want a better reason to ignore that aspect).
Or how is it more "actual" than my example?
Because it doesn't require future knowledge of used car prices that nobody today has?
How does he know everyone with a Model 3 performance has gap insurance?
He doesn't... and as I pointed out- it's irrelevant to the math.
The point is it's going to a measurable difference in a lot of cases. And not measurable in a few cases. So, that means it exists.
Uh...no, it means it exists in cases today where we can measure and know the number.
Like the insurance value thing. There's charts and tables (or you can call your insurance company and ask) that tell us, for a fact, replacement value is thousands lower on the P3D+ due to the price cut.
So when he claims that's a fact- we know it is one.
YOUR number is totally unknown, because nobody knows the used car value of a specific P trim years from now...and it's even possible the - car will have a higher value due to rarity and desirability by people in the know.
So when you claim the P3D- "lost future resale value" it's a guess- and far from a certain one.
His example is a good one. And in his setup, there is no measurable difference as he claims. I believe it to be fairly true. But it only applies to a vary narrow set of people and circumstances. First, you would have to be in a situation where gap insurance makes sense (generally if you make a small down payment and have a long loan term). Secondly, you'd have to actually buy gap insurance. Thirdly, you'd have to total the car. Fourth, it would have to be totaled at a time in the vehicle's life where the loan amount happens to exceed the value of the car for gap to kick in.
This is why I wish he'd just used "insurance replacement value" to make the point.
The gap thing is a red herring- it doesn't really change the math- it just changes how screwed the P3D+ buyer is by losing that 5k in value overnight based on how leveraged he is on the loan and if he covered that with extra insurance or not.
You need a time machine to go forward in time to this said future? *Snaps fingers* You are currently sitting (or standing, or lying down, or whatever-ing) in said time machine -- this universe. You can now travel to any point in time in the future you desire. Want to travel 10 years in the future? No problem. The time machine works "real-time", so you'll get there in 10 years...
Great! Check back in 10 years and we can see which of us was correct about your guess regarding future used values.
Remember... you need to be happy while you admit I'm right.![]()
I will be (if you are).
If you are right years from now it means the friend of mine who can't afford a P3D right now, but really wanted the - so is sad it's discontinued, will be able to get a much cheaper one than otherwise.
I think we're actually not that far apart. I don't feel I deserve $5k, but I don't think the PUP guys did either. But I do feel we should have something if the PUP guys got $5k for FUSC trade-in, because that made our pain worse than if Tesla did nothing at all. I would like a partial PUP upgrade or a credit or something. The track mode thing is not it, though.
There's apparently no practical way to give you PUP- Remember Tesla originally said they'd offer that as a paid option in order for - guys to get track mode?
Then they moved off that (presumably once they did an engineering qualification to see how nasty doing a swap like that would be in their already super overbooked service centers, with their already-always-out-of-stock supply chain of parts, etc....
- owners still keep FUSC- which the + guys are giving up.
Tesla priced FUSC at $2000 when they sold it as a menu item FWIW
Plus (most anyway) have free lifetime (transferable) data- that new buyers also don't get.