RedWhite19
Member
It’s basically the same thing as a Model Y.How do you go about doing this?
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It’s basically the same thing as a Model Y.How do you go about doing this?
You definitely did the right there. If someone said for $6K I could get a brand new 2022 car, with more range, power, AWD, and faster-charging speeds.. I would extremely hard to resist it. The MYP is like $12K more.. mainly because I really particular about the options.. I want the red paint, white interior, and tow hitch all over again.
I'll be extremely interested to know how much you like the new MYLR. While I'm pretty hell-bent on the MYP + options.. considering I can sell my MYSR for $58K.. there is a strong case to be made for the $6000 upgrade a "basic" MYLR with no options.
I'm the one who down voted it. While I agree with the sentiment, I don't see used values dropping for another 12 months. All used values are outrageous right now, not just Tesla because of demand. Also, it will take quite a while for Austin to ramp and once it is ramped, there will be a backlog to get through. We probably have more than 12 months of crazy high used prices, then they will tankI'm not sure why somebody downvoted you, because that's exactly what's going to happen. Granted it the resale value of Model Y's will not immediately fall off a cliff, but once Austin is open, resale value is going to plummet over the next year or two as Tesla fills the year-long backlog of orders. Let's be real for a minute, what makes the resale value of a current used Model Y so high right now? Demand GREATLY overwhelms supply. All Model Y's sold in the US were made at the same factory in Freemont, CA and they can only make so many regardless of component/chip supply. When Austin comes online, not only will supply double but I have no doubt Austin is being built to scale as large as possible to address future demand. Isn't the entire reason why Tesla is valued at $1T right now.. because they are projected to sell several millions of these cars annually?
When the new factories are online and Telsa is pumping out 2-3 million 3/Y's annually.. and supply has finally caught up with demand.. nobody is going to be paying more for a used Model Y than a new one. I would not be surprised at all to see the value of my year old MYSR go from its current high of $58K.. to a future low of $30K in the next 18-24 months. After all that would be the normal depreciation curve of a 3-year-old vehicle.. (including Tesla) before this recent car market craziness.
Anybody purchasing a new or used vehicle right now.. is going to be in for quite a nasty treat in the next two years or so. These sky-high valuations are going to prove very temporary. That includes my household as we have purchased two new vehicles in just the past 10 months.
What about sales tax?I'm 100% on the fence about doing my swap from 2021 MYLR (VIN 271xxx) to 2022 MYLR (VIN 351xxx) (essentially moving from White to MSM). I have an offer from GMTV of $63500 for the 2021, and the 2022 cost to me is $62100 out the door. I would need to re-invest in PPF/Homelink/Tint, but that total cost is $2500, or about $1000 out of my pocket to get into the MSM. Delivery is set up for Thursday (12/30).
I got my 2021 for just $57K out the door.
Just not sure if the build quality will be better or worse. The grass isn't always greener.
Any thoughts on the paint quality of the MSM?
I wouldn’t worry about the vroom contract. I sold another car to them. They don’t care about minor issues. If there’s a large dent, then they may reduce the price. Curb rash or other wear and tear mean nothing.More info as I get it….Got the Vroom contract there are 2 clauses (5 and 7) that got me concerned. Essentially, when they get the car and inspect it, they reserve the right to change the offer and if the seller doesn’t agree, they have to pay to have their car shipped back to them. I don’t see a reason to do business like this as it very much reminds me of the days when car dealers would hold on to your keys after the test drive and give you hell for wanting the keys back. Carvana offered exactly $10k better than Tesla, and even though it’s a few thousand lower than Vroom, they give you a check on the spot. I say a bird in hand is worth two in a bush. Carvana does ask for a build sticker with VIN on it, but I don’t think Tesla provides one. It’s not in my account “glove box”. Has anyone bought a “Moroney Sticker”?
I actually agree with you and your points are solid. No reason for a downvote though. You could have just posted that exact reply and added to the conversation.I'm the one who down voted it. While I agree with the sentiment, I don't see used values dropping for another 12 months. All used values are outrageous right now, not just Tesla because of demand. Also, it will take quite a while for Austin to ramp and once it is ramped, there will be a backlog to get through. We probably have more than 12 months of crazy high used prices, then they will tankbut not until the chip shortage ends and a several months after Austin is fully ramped.
There’s capital gains tax on individual, private car sales?…but I also owned my car for over 12 months.Has anyone else considering the impact of short term capital gains on these transactions?
I'm no tax expert, just a regular guy. But as I was considering this I Googled it and found some information saying that I would owe capital gains taxes if I sold my car for more than I paid for it. Rates vary based on your income and filing status, but it looks like about 15% for long term capital gains (greater than one year as in your case) or 22% for short term gains (less than one year).There’s capital gains tax on individual, private car sales?…but I also owned my car for over 12 months.
Yes.Has anyone else considering the impact of short term capital gains on these transactions?
I had not until the other day. It makes this deal about $3,300 less attractive.Yes.
Did you subtract the tax you paid when you purchased? I'm also including my modification receipts when filing.. Tint + hitchI had not until the other day. It makes this deal about $3,300 less attractive.
Yes, I’m considering all the purchase costs.Did you subtract the tax you paid when you purchased? I'm also including my modification receipts when filing.. Tint + hitch
how do you calculate that?Did you subtract the tax you paid when you purchased? I'm also including my modification receipts when filing.. Tint + hitch
Price you sell the vehicle - purchase price including tax and any "upgrades" = taxable amounthow do you calculate that?
Can you explain please ?