Thoughts on Future Resale
- Thread starter mafpolo
- Start date
XLR82XS
D M C
Uncle Paul
Well-Known Member
With cars in short supply, their resale value is remarkable. Makes sense that as production ramps up and improvements are made, the earlier cars will experience more normal depreciation.
It seems that the word is getting out that used EVs have less maintenance and wear issues than ICE vehicles. Believe as things go on, Tesla will retain value better than most used ICE cars.
It seems that the word is getting out that used EVs have less maintenance and wear issues than ICE vehicles. Believe as things go on, Tesla will retain value better than most used ICE cars.
Uncle Paul
Well-Known Member
There is a little, but some buyers willing to pay a premium for a hard to get configuration now instead of in the future.
Profit is challenging because of the govermental fees and buying costs.
Some used to make $ by selling their cars at net costs, but pocketing the Federal/State/Utility kick backs.
One guy is posting on forums to sell a Tesla he won in a lottery. Listing a higher than retail price because he can offer immediate delivery.
Profit is challenging because of the govermental fees and buying costs.
Some used to make $ by selling their cars at net costs, but pocketing the Federal/State/Utility kick backs.
One guy is posting on forums to sell a Tesla he won in a lottery. Listing a higher than retail price because he can offer immediate delivery.
ofcorona
Member
Watching richrebuilds,its at least 15-20k for the battery pack. If this holds true in the next 5-10 years. I would see at least 34% deprecation value depending the condition of your vehicle.
The high resale values for these cars in the market is irrational IMO and will not last. The model 3 is mass produced and using current technology, which is rapidly evolving. Tesla also has a habit of mucking with their pricing and it defies logic by going lower rather than higher.
So, in 2023 or 2024, why would anyone want to pay "top dollar" for a used model 3 with 'old hardware' (by then) + wear and tear? Frankly, the only reason resale is as high as it is now is because of impatient or non-cost sensitive buyers. That will only last so long.
And trust me, I'd love to see values on these cars stay high. My last 2 cars (Audi RS4 and Porsche 997 Turbo) both ended up holding their value very well, but neither is mass produced or utilize quick-to-outdate technologies. They are both over 10 years old which provided enough time for a niche following willing to pay a bit more for low mileage and well cared for examples.
So, in 2023 or 2024, why would anyone want to pay "top dollar" for a used model 3 with 'old hardware' (by then) + wear and tear? Frankly, the only reason resale is as high as it is now is because of impatient or non-cost sensitive buyers. That will only last so long.
And trust me, I'd love to see values on these cars stay high. My last 2 cars (Audi RS4 and Porsche 997 Turbo) both ended up holding their value very well, but neither is mass produced or utilize quick-to-outdate technologies. They are both over 10 years old which provided enough time for a niche following willing to pay a bit more for low mileage and well cared for examples.
I would say that if you plan to upgrade to a new Model 3, now is the time to sell your old one to get the best resale and have the lowest cost to upgrade. There's a lot of forces coming that will pull down the price of used ones: demand decreases, supply increases, new tech, Model Y, etc.
Have you looked at resale values of 1st Gen Model X/S?
That should be a good indicator.
That should be a good indicator.
Agree..X and S models from 4-5 years ago are have depreciated like 40-60% easy. Expect the 3 to end up there as well.
In the end, enjoy your car while you have it. And to avoid this whole depreciation nonsense, drive your car into the ground. My son (he is 14 now!) I'm sure will "inherit" my P3D+ in a few years. Lucky kid.
Uncle Paul
Well-Known Member
Most collector cars only rise in value if you don't drive them. The Unicorns with low mileage, well stored, factory stock and with unique and desirable options show big values. Putting lots of miles on a Ferrari can cause significant lower offering prices.
XLR82XS
D M C
Uncle Paul
Well-Known Member
For all the Tesla on the road, I have seen very few instances where someone bought a new battery pack from Tesla.
XLR82XS
D M C
Uncle Paul
Well-Known Member
Knightshade
Well-Known Member
S/X held value significantly better than comparable vehicles for years and years.
The 3 will do it even moreso as long as demand exceeds supply- which it will for quite a while given how battery-limited Tesla (and even moreso any "competing" EV maker) is.
Agree on the *early* S holding value well over time but not on the X. Especially because of Tesla's pricing shenanigans...owners of 2016 Model X's have experienced massive depreciation. On the flipside, at least original owners were eligible for maximal federal/local incentives.
Just wanted to update on here, my 18 Model 3 LR RWD with 33k miles Basic Autopilot just went from 31600 to 27500 from Tesla's Online Trade in System.
UncertainTimes
Member
Do used Perf models go up in value by $1000 just like new ones? Asking for a friend.
That is their way of “paying” a fair trade in value for cars with FSD. Just lower the offer for non FSD cars. About as shady as a traditional car dealer.
