Another thing to consider. in Vegas the Registration is based off the car price and i assume insurance also. So Registration now 13% higher every year because of this. so around an extra 100-130 a year. not so great of a deal
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Tax Credit for the customer or Tesla?
- Thread starter Ostopuck
- Start date
Another thing to consider. in Vegas the Registration is based off the car price and i assume insurance also. So Registration now 13% higher every year because of this. so around an extra 100-130 a year. not so great of a deal
i think they were 46000 in Q4 2018 so add EAP, FSD, 19's and white would be ~$59,200 with destination
unsure of this guys build just saying....
OP - all new cars depreciate fast. Tesla did lower the price in 2019 but not that much and the tax credit was cut in half. it sounds like you did not put enough $$ down. what is your current value and according to who? Did you receive your $7500 tax credit? did you apply that to your loan??
Anyone who starts looking at the value of their car (practically any car) in the first year is going to be very disappointed. The tax credit only serves to amplify that effect, because it incentivizes new over used purchases. Beyond peak depreciation in the first year and the effect of the credit, you'd have to be living under a rock to not realize the price was going to drop as Tesla achieved volume. Their whole model so far consists of selling higher margin vehicles in order to fund huge capital expenditures while working towards lower prices to expand their product reach.
When people talk about Teslas retaining value, they're not talking about the first couple years, they're talking about 3-4 years down the road. Aside from rare, horribly maintained vehicles, you're not going to be seeing 10-15yr old Teslas on the used market for $800.
When people talk about Teslas retaining value, they're not talking about the first couple years, they're talking about 3-4 years down the road. Aside from rare, horribly maintained vehicles, you're not going to be seeing 10-15yr old Teslas on the used market for $800.
I'd like to know where you're getting these numbers from. Yes, there were price drops, there were also increases. Overall the price may be a little less than it was 7 months ago but not 20% and certainly not 40%. Unless you also figuring in depreciation which happens to just about everything you buy except property and artwork
Walk into most car dealers and end up paying significantly different price from the person in the next cage over.
I have yet to see a Model 3 selling for 60 cents on the dollar.
I have yet to see a Model 3 selling for 60 cents on the dollar.
JamesBrown
Member
Your first sentence makes zero sense so I have no idea how to address it other than by saying "da faq". Secondly you cannot compare an EV to an extra value meal. First adapters of any technology always eat the biggest depreciation losses as the technology becomes cheaper. When LG released their 55" OLED in 2013 it was $15,000. The very next year, LG dropped the price to $3,500. That is how the world works. If you want it first, you'll pay for that privilege. Tesla will continue to adjust prices as the market demands. If you really thought that your M3 was going to hold a high residual value, then you deluded yourself.
I'd like to know where you're getting these numbers from. Yes, there were price drops, there were also increases. Overall the price may be a little less than it was 7 months ago but not 20% and certainly not 40%. Unless you also figuring in depreciation which happens to just about everything you buy except property and artwork
Tesla gave me the numbers
JamesBrown
Member
No they didn't. You made them up. No car company in the world would tell you that your car depreciated 40% in 2 months.
Model 3 was out a year before I bought it so I have a hard time believing the first movers. and the other part is the poor customer service along with not being to fix a car had since it was delivered and on top of that dealing with asset lost (not depreciation).
the only thing I added was Blue paint and EAP. I did not add FSD. which is also another issue. People who bought EAP still have to pay the same for FSD as people that bought just AP. another value lost.
JamesBrown
Member
Burden of proof always resides upon the person making a claim. You claimed Tesla told you that your car dropped 40% in value in 2 months. Meaning if you paid 47k for your M3 MR (41.2k + 3k AP + 1.5 wheels +1k paint). It would mean you are claiming that your local Tesla dealership told you that your current car is only worth $28k. I am calling BS.
34,700 is the amount. I rounded it up to 35k. has 4,400 miles. and I paid $57,077. I understand its unbelievable. I explained that in a loud voice
Do not try to trade your used Model 3 in to Tesla. They don't wholesale cars, so the price they offer isn't based on the market. You're trying to sell your car to the company that makes them.
Used Model 3s are still strong in the wholesale market. Surprisingly high in fact.
Mid, Prem, 18inch, blue paint, EAP. $57,077. was called and told $34,700. I wish it wasn't true.
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