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Price floor? '12 ebay salvage - 52K miles - $35K with 19 bids - 7 days to go

Discussion in 'Model S' started by calisnow, Feb 3, 2017.

  1. calisnow

    calisnow Active Member

    Oct 11, 2014
    Los Angeles
    It's interesting to compare market pricing on these as they get older vs. other luxury sedans in the same price range.

    Currently the cheapest S on ebay is a 2012 P85 with 52,000 miles and a salvage title. The auction still has over a week to go and it has 19 bids already with a current price of over $35,000. Remember - this is 5 years old, the most unreliable year, worst build quality of the fleet, no more bumper-to-bumper warranty, no autopilot - and the darn thing has been crashed. The listing takes pains to distinguish between a "rebuilt title prior salvage" and a "salvage title" - in the minds of most buyers I imagine they are the same thing.

    2012 Tesla Model S P85

    In comparison a 2012 BMW 750 AWD with a salvage title and similar miles - 50,000 - is almost to the end of its auction - only 4 hours to go - has 37 bids and has found a market price right above $18,000.

    So as of right now the market is valuing this Tesla at least double that of the BMW. The difference is quite dramatic.

    2012 BMW 7-Series Base Sedan 4-Door
    • Informative x 3
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  2. Manzacoty

    Manzacoty Member

    Nov 15, 2016
    I've seen a couple of high mileage clean title early model 60s go through auction for $29k. Since the free super charging ended prices have seemed to creep up (plus tax season). I ball park the floor at $30k but I guess the market says I'm wrong.
    • Informative x 1
  3. Az_Rael

    Az_Rael Supporting Member

    Jan 26, 2016
    Palmdale, CA
    Its probably all about how much the battery is worth. The 2012 BMW doesnt have a giant expensive battery that could be sold for a good chunk of cash or even repourposed into someones home storage solution.

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  4. mmd

    mmd Active Member

    Jun 22, 2015
    San Jose, CA
    #4 mmd, Feb 3, 2017
    Last edited: Feb 3, 2017
    BMW 750 also seems much cheaper when new compared to a new P85. I think, the P85 with options was well over $110k in 2012, Here is kbb fair price for a new 2016 BMW 750i. About $84k.
    Kelley Blue Book

    Another factor is that Tesla is still kind of a new car. BMW 750 sedans are sold since 1990, or may be even earlier than that.
    Used 1990 BMW 7 Series Sedan Pricing & Features | Edmunds
  5. Kost-95

    Kost-95 Member

    Jun 14, 2016
    Minneapolis MN
    Your wrong its not the same thing a rebuilt title "prior salvage" means it passed state inspection and a "salvage title " means you have to still pass state inspection, very big difference.
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