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Pricing Question - Tesla Model S 2016.5 P100D

Discussion in 'Tesla for Sale' started by Dynamo123, Feb 16, 2018.

  1. Dynamo123

    Dynamo123 Member

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    Hi Everyone,

    I'm considering selling my October 2016 Blue Tesla Model S P100D with Ludicrous. The car has every option including Rear Facing Seats and is a bit of a unicorn as it has perforated heated and cooled seats and AP1 that works flawlessly. I currently have 20,750 Miles and the car is wrapped with Luminar in the front, mirrors, and rear bumper. Also has light carbon tinted windows. Original price was $158K. Car is in perfect condition, no scratches, issues or any history of service issues.

    I'd love to hear some thoughts on how I should think about pricing this car.

    Thanks!
     
  2. Xenoilphobe

    Xenoilphobe Active Member

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    -$7500 for Federal tax rebate
    -$20,750 in mileage
    -$12,000 per model year in depreciation (about $1000 per month for first two years)
    This should get you close to market price.

    Once the P130D comes out increase the depreciation per month by $250.

    I did a write up on here somewhere showing the federal tax write down comparision between an X and a S.

    Be glad you got an S because the X depreciation rate is far more aggressive. Once you go beyond 2 years of ownership the depreciation rate pr month slows down significantly.
     
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  3. Xenoilphobe

    Xenoilphobe Active Member

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    • Informative x 3
  4. jaguar36

    jaguar36 Active Member

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    Don't forget that they also dropped the price of the P100D by $5k in 8/2017 and then also made the Preimum package and upgraded interiors standard. So that will drop the price by ~$12k too.

    In addition Tesla has offered massive discounts on P100D demo cars so you'll be competing with those as well.
     
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  5. tskguy

    tskguy Member

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    So 50,000?? :)
     
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  6. JQ11

    JQ11 Member

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    Get trade in offer from Tesla and ask for a little more than that
     
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  7. Olds442

    Olds442 Member

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    and carmax, and edmunds and every source you can, similar sold listings from ebay as well.
     
  8. mcbarnet007

    mcbarnet007 Member

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  9. Xenoilphobe

    Xenoilphobe Active Member

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    Maybe salvage title X or a 3 at that price.
     
  10. davidc18

    davidc18 Active Member

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    We you figure it out please post the price. I am interested at the right price.
     
  11. Bafflerock

    Bafflerock Member

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    Could you re-post the write-up? Based on current used X prices, I'm not really resale being affected by the federal tax credit.
     
  12. TexasTeslaRacing

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    Mine was loaded except for the rear facing seats and 72 AMP charger. Included was photosync tint, Quartz paint protection, dash cams, and black arachnid wheels. Less than 17,000 miles. Sold this month for more than $115k. FYI, Tesla had offered $94 as trade in value.
     
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  13. P85Dave

    P85Dave Member

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    That's an excellent analysis of the resale value. The depreciation for a P100D for the first year is likely around $3,000 a month for the first year (assuming average mileage) given that the monthly cost of a 3 year lease is around $2,000 and that's with the depreciation averaged over 3 years when the first year depreciation is the greatest.

    Coupled with the analysis above and the P100D price reduction, I think this car will sell in the prvate market for around $100-110 or likely somewhere in between.

    If you do sell the car, sell it soon because these numbers will only go down from here and if Tesla releases a major update to AP2 that could reduce the value of your AP1 car significantly so if you are selling, sell before AP2 gets a major software update.
     
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  14. playoutside

    playoutside Member

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    Unfortunately, the most expensive Teslas depreciate the fastest. Here's a list of the cheapest inventory P100Ds Tesla has sold. Keep in mind these are eligible for the $7,500 tax credit. Screen Shot 2018-02-16 at 8.32.26 AM.png
     
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  15. Xenoilphobe

    Xenoilphobe Active Member

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    #15 Xenoilphobe, Feb 16, 2018
    Last edited: Feb 16, 2018
    Based on this data I would hold on to it.
     
  16. Xenoilphobe

    Xenoilphobe Active Member

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  17. P85Dave

    P85Dave Member

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    That is super useful data. Do you know with certainty though that those cars were sold at those prices or merely taken off the public Tesla inventory listings?
     
  18. Upscaleman

    Upscaleman Member

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    The longer you hold on to it, the more it depreciates.
     
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  19. Upscaleman

    Upscaleman Member

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    If the price is right before I find the elusive P90D I've been searching for then I'm in....
     
  20. Xenoilphobe

    Xenoilphobe Active Member

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    The displayed price includes the $7500 federal rebate. So add $7500 to all those listings.
     

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