Hey all,
I’m a long time reader of TMC, haven’t posted a whole bunch though. I previously posted my car for sale and am hoping to repost it pointing out the lower price of $72,500 hoping to garner some interest.
The listing is located here: 2015 Tesla Model S 85D, only 19,900 miles, tons of options.
I also have a question I’m hoping to get some help with from the experts that cruise this forum. (If someone wants me to bring this question to a different forum I’m happy to do it, just let me know.)
I recently purchased a P90D with the intent of selling this car. (Loving the new car even more than my 85D which I didn’t think was possible). I reached out to Tesla finance and was told my payoff was $67,000. No problem as I figure I could easily sell the car for $65k-$70k. Come to find out after the fact, because the car is leased through Tesla Finance they won’t let me sell it private party, only trade in for a dealer at that value. If I wanted to sell private party I would have to make all my remaining payments (about $1,000/month) for the next 9-10 months then I could buy the car at the residual value. (I think it was about $63,000 or so)
This puts me in a predicament because now I’d have to pay off about $73,000 to sell the car private party, instead of the $67,000 I was originally planning on and I’m really not wanting to eat that $5k if I can’t get the $73k for the vehicle.
I’d also appreciate some feedback on what a good asking price for the car should be? It really is in perfect condition as it is my second child.
If I’d have to pay the remaining payments anyway, I was thinking of just keeping the car for longer trips as I still have about 25,000 miles left on the lease until lease end, which is in less than a year. But I don’t drive that much so I’m not sure I’d use it.
Does anyone else have any advice or ideas on how to come out of this ahead, or at least break even? Should I sell the car now? Hold onto it for 9-10 months and then sell it? Hold out for someone who’s willing to pay a bit more for the exact car they want? Start driving for Uber? (Kind of joking)
Any help is appreciated!
Thanks!
Jason
I’m a long time reader of TMC, haven’t posted a whole bunch though. I previously posted my car for sale and am hoping to repost it pointing out the lower price of $72,500 hoping to garner some interest.
The listing is located here: 2015 Tesla Model S 85D, only 19,900 miles, tons of options.
I also have a question I’m hoping to get some help with from the experts that cruise this forum. (If someone wants me to bring this question to a different forum I’m happy to do it, just let me know.)
I recently purchased a P90D with the intent of selling this car. (Loving the new car even more than my 85D which I didn’t think was possible). I reached out to Tesla finance and was told my payoff was $67,000. No problem as I figure I could easily sell the car for $65k-$70k. Come to find out after the fact, because the car is leased through Tesla Finance they won’t let me sell it private party, only trade in for a dealer at that value. If I wanted to sell private party I would have to make all my remaining payments (about $1,000/month) for the next 9-10 months then I could buy the car at the residual value. (I think it was about $63,000 or so)
This puts me in a predicament because now I’d have to pay off about $73,000 to sell the car private party, instead of the $67,000 I was originally planning on and I’m really not wanting to eat that $5k if I can’t get the $73k for the vehicle.
I’d also appreciate some feedback on what a good asking price for the car should be? It really is in perfect condition as it is my second child.
If I’d have to pay the remaining payments anyway, I was thinking of just keeping the car for longer trips as I still have about 25,000 miles left on the lease until lease end, which is in less than a year. But I don’t drive that much so I’m not sure I’d use it.
Does anyone else have any advice or ideas on how to come out of this ahead, or at least break even? Should I sell the car now? Hold onto it for 9-10 months and then sell it? Hold out for someone who’s willing to pay a bit more for the exact car they want? Start driving for Uber? (Kind of joking)
Any help is appreciated!
Thanks!
Jason
