Yup. Welcome to the free market. Not everyone values what we do.
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[UK] used value of their Tesla cars plummeting?
- Thread starter Ricecooker
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kelvin 660
White SR+ with LFP battery
When I bought my M3 SR+, I worked on the principle that the car would be worth 50% after 4 years, or about £20K. I nearly went for a petrol car at £32K, that would have deprecated to around £16K in the same peroid.
So getting a Tesla would have cost an additional £4K. Not so bad, to drive a leading edge EV, instead of a crappy slow ICE car!
However, when taking into account petrol savings, tax, etc. I'm looking at being £6K up, after 4 years. Hence I'm not worried about the current price drop.
So getting a Tesla would have cost an additional £4K. Not so bad, to drive a leading edge EV, instead of a crappy slow ICE car!
However, when taking into account petrol savings, tax, etc. I'm looking at being £6K up, after 4 years. Hence I'm not worried about the current price drop.
Bubble has burst in more ways than one. I wouldn’t expect things to improve in 2023 either.
On top of that I would be amazed if Tesla don’t drop the price of the 3 and Y in all configurations by £5000, to account for softening demand and interest rates. They have the margin to do it.
That would naturally have an effect on used car prices as well.
On top of that I would be amazed if Tesla don’t drop the price of the 3 and Y in all configurations by £5000, to account for softening demand and interest rates. They have the margin to do it.
That would naturally have an effect on used car prices as well.
Mr Puzzles
Member
Not worried in the slightest.
I’d planned on keeping the car around 10 years and assumed it would be worth 0 at that point.
I’d planned on keeping the car around 10 years and assumed it would be worth 0 at that point.
Not really, there were none the other day and about 200 a week before that.
They will be gone by the end of next week and then they will make no sales until February until the next boat arrives.
It’s entirely normal for car manufacturers to have inventory. The shortages are easing up at many manufacturers now and outside of some niche vehicles, it’s expected there will be a glut of cars available on the market towards the end of 2023. Expect price drops across the board next year.
It’s also not surprising given when I bought my model 3 a year ago I paid £42k and the finance is at 4%. If you buy one now it’s £48.5k and the finance is 5% (I’m sure it was 6% at one point too) and we are going into or already in a recession.
I’d not be buying a Model 3 SR at nearly £50k (adding paint) in the current market. The car is nice, but it’s not £50k nice.
I find this a great source of info and a fascinating read to see what’s happening to prices. I think they’re the advertised prices, not necessarily what you can get for the car, but trends are trends. You can see the number of cars on the market climb and almost mirrors the average prices - more for sale, the lower the price, the classic supply/demand impact. The best thing that can happen for our prices is Tesla stop shipping so many to us for a while. I’ve even heard there’s new inventory MS and MX in Europe, that was damn quick given deliveries have only just started.
tesla-info.com
2022 MY Long Range AWD depreciation/valuation in GB
2022 Tesla MY Long Range AWD value based on real depreciation curves in GB
tesla-info.com
kelvin 660
White SR+ with LFP battery
Just to add to my above comment, I have enjoyed the "Tesla journey" since owning my first M3. Yes, there have been some ups and downs but generally I have never enjoyed owning a car so much as my Tesla model 3 SR+!
Today, I drove to Cheltenham and enjoyed using autopilot, the sound system and the "new" auto cancel indicators. This car just gets better and better and I am wiling to put up with its intricacies like the wipers and AHB... Remembering that no car is perfect...
dangrenade
MYLR White/White Inductions
Forgiven...Some will win and some will lose. It's just the way it is. Ive been waiting for a few years for the credit bubble to burst and the recession to come in and interest rates shoot up sending property prices down.
The good news about values dropping is it's now stopped me contemplating trading the car in, which in turn has stopped me reading reviews, looking at the competition and given me back almost an hour a day of my life. Every cloud has a silver lining!
page3
Member
I was going to lease. Let’s say 6x48 at a ballpark figure of £500 month. That’s £27,000.
Purchased instead for £41,000.
So after four years anything over £14,000 is a win.
Purchased instead for £41,000.
So after four years anything over £14,000 is a win.
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