sorka
Well-Known Member
What! Cars are not appreciating assets?
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What! Cars are not appreciating assets?
It's crazy what some people think it a good deal, right? Zero down is only the part of the problem as even that is a band-aid for trying to mask a rapidly depreciating asset. Rather than people asking themselves what the TRUE cost of ownership of a new car is (depreciating and interest included) they simply think that putting more money down (aka paying more of the depreciation on the front end) is a better way.That's more than my mortgage, including taxes and insurance.
Different levels of income aside. It seems like $0 down is the problem. Not as big of a deal when you got the S since rates were lower but that is a great way to be upside down on a car before you even drive off the lot.
Leasing this Merc means you are, again, the one taking the hit on depreciation. Unless of course you decide to buy it after the lease is up.
Alas, it is your money and you can do what you want with it and I'm glad you love the car. No hate here, just doesn't make sense in my world.
Making financial decisions based on 1% outliers isn't a very solid approach.
Making financial decisions based on 1% outliers isn't a very solid approach.
What! Cars are not appreciating assets?
True if the timeframe is extended far enough. The reason that so many Plaid owners are salty is that Tesla singlehandedly destroyed much of the resale value by slashing prices on new cars by around $50k in some cases. Traditional luxury marques like Porsche and others that give a crap about their residuals and current owners instead of chasing volume at the expense of all else would never do that. You use this example often in these types of threads but your car depreciated 50% in what, 4 years from production to you buying it? That isn't unheard of in normal luxury cars. Plaids have reached that level of depreciation in half that time. The two are not comparable.
I know but I was stating the obvious for those who genuinely see that stuff and believe it.It was a joke and that example is far less than 1%.
Congratulations. You profited off of a speculative market that's hugely risky... especially because it's involving depreciating assets. Even if you're not financing them (most do and leave the interest out of their equation along with sales tax, registration, maintenance and all sorts of line items to make the math make sense) the opportunity cost on that amount of liquidity has to be calculated. It never is.I made 250% return on my Lambo, and 300% return on my Lotus. Can you imagine being paid multiple 6 figures to drive around like a superstar in a Lambo! I love how that concept makes haters head's explode.
And the people who are upset by that don't understand Tesla's overall objective anyway so... who cares? These same people complaining about the drop in new car prices wouldn't have been clamoring to get out the check books to write Tesla a check had the prices gone up $20k. It's just being selfish petulant spoiler brats who think their new car purchase entitles them to anything other than car ownership and the rest of us mature adults have to put up with their constant sniveling about how Elon "wronged" them. Suck it up buttercup. This world owes you nothing. Go enjoy your Tesla that is STILL the same car you agreed to buy at the price you agreed to buy it for. The only thing you were guaranteed to when you bought it was that ALL new cars depreciate and you knew that when you bought it so you KNEW it wasn't a smart financial investment. Now you want to cry to us about the degrees of depreciation as if we care? We have to listen to this garbage in every damn Tesla thread? It's gets tired having to endure such ignorance to reality.
Note: That wasn't directed at you specifically (unless you want it to be) even though I quoted you. Just the whiney minority that makes it seems like it's large group when it's just a very small percentage of the actual owner pool that is that self-entitled.
Even more if you included colors. UR($2500) was free until the 16th but became free when it initially went down to $89K.
Based on year and miles it was actually around 20,000 you just got duped lol
This person gets it. This is the reality and what has been clearly stated since day one by Tesla.You are absolutely right. When I bought my Benz, that was in fact one of the selling points. It's a well made car and the depreciation was quite reasonable. The reason why I'd excuse Tesla's recent price drops is twofold. One, the were really returning back to pre-pandemic prices. At least to some degree. Two, anything that puts more EV's on the road and takes away from the sales of ICE vehicles is a win in my book.
Good one. Look-up how much it costs per year to own that gold foil engine bay car. Also, I'm pretty sure it didn't go for 150K when it was new.
Good for you with the outliers! Let see how that works out with what us non-bougie people buyI made 250% return on my Lambo, and 300% return on my Lotus. Can you imagine being paid multiple 6 figures to drive around like a superstar in a Lambo! I love how that concept makes haters head's explode.
Yes, some option prices have changed too. The price of FSD had been as much as $15k but is now $12k.
When I knew I needed a loaner, I’d state that in the service request, mark it for an early morning appt and at least a week out. Worked the couple times I requested it. (That was a couple years ago.)Honestly, the service center in Orlando is really good. I was usually able to get a loaner, but you just don’t know until you arrive, so it’s a crap shoot. So I still have to cancel my appointments not knowing if I will have a loaner or not. Getting an appointment takes weeks, however, here in central FL. When I first got the car back in 2021, Tesla was having to replace battery packs for some recall….I can’t remember the specifics. So back then, a loaner was never available because so many cars were in for the replacements. There just are not enough service centers in central FL today. That’s the only one. The folks that work there are fantastic, however. One even cut me a check for $600 to reimburse me for installing the N2itive arms back on because he felt bad that Tesla makes me remove them before they touch the car! Very nice of him. Incidentally, the Service Advisor told me they know the camber is killing the 21” tires and he totally gets why we put the adjustable arms on. He saw it all the time.
Good for you with the outliers! Let see how that works out with what us non-bougie people buy
I do think it's unreasonable for people to complain. They knew they were going to lose money when they bought it. That's how new cars work. If you truly cared about the massive depreciation hit you wouldn't be buying new in the first place. Now I'm expected to feel sorry for them because the massive depreciation was a tad higher than they predicted? Nope. NOW You care about the financial aspect? Shouldn't have exposed yourself to that kind of risk in the first place if you weren't financially prepared to absorb the potential blow. It's nobody's fault but their own.I don't think it's unreasonable for people to complain that their MS Plaid lost (much) more in value than they expected due to Tesla dramatically lowering prices. These types of complaints happen in other industries too. Sometimes companies may try to appease buyers who paid "top dollar" by offering them some sort of freebie, gift card, rebate coupon, etc. but that sort of company response can't and shouldn't be expected.
Of course, on the positive side, the cost to buy a new MS Plaid is much lower too which can take a lot of the sting out of the lower than expected resale...at least if you're looking to buy the same car again.
MSP is $30K below its pre pandemic price.You are absolutely right. When I bought my Benz, that was in fact one of the selling points. It's a well made car and the depreciation was quite reasonable. The reason why I'd excuse Tesla's recent price drops is twofold. One, the were really returning back to pre-pandemic prices. At least to some degree. Two, anything that puts more EV's on the road and takes away from the sales of ICE vehicles is a win in my book.
So if they all offered him $1 would you say he didn’t get duped? He missed out on anywhere from 15-20k in a sale. Even 53k is a SUPER lowball which is why this is even a conversation. We’re not talking a few thousand. Idk about him and idk about you. But to me if I could’ve gotten 15k more on a sale or EVEN 10. I’ll wait a few more weeks or a month to do so. He’s rich we get it. Doesn’t matter to him but don’t lie and say he didn’t get shafted. Those wholesale buyers usually shaft customers across the board not just on TeslasHe didn't get duped... he took the best offer he could get. That's how market prices work. What you think he should have gotten isn't what the market, at this point in time, is willing to support. If he didn't do any "shopping" around, I would see your point. He did and he made it clear he didn't want to do private sale.