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Offered 17k trade in by Tesla on my 58k 2019 M3!
58k? As stated aboveSounds strangely low. What mileage?
58k? As stated above
Not just you. I thought the sameSorry, it's kind of confusing if the first "k" was referring to currency and the second "k" mileage. Please don't be lazy people - use currency symbols where appropriate and words like "miles". Because that could've been a Model 3 Performance bought for £58k with Tesla offering £17k for it.
So these half dozen people you know bought EV's at the peak of their value (probably, or new), have now panic sold them as values have "crashed" (just normalised, in the long term view) and have now bought brand new ICE vehicles that are going to depreciate just as quickly if not more quickly which also cost more to run? Or is this unrelated to residual prices?
If that sounds like a good move because you desperately need to get 400+ miles per tank from an efficient (relative to other ICE vehicles) but slow diesel or petrol ICE vehicle then by all means, but by any other reasoning this is
No one believed that explanation. Forward orders fell off a cliff. Tesla is going to have to discount to continue to move cars.Car prices went up like crazy due to Covid production limitations. Now that production is ramping back up most all the companies are relaxing their pricing back to normal. Excessive dealership markups are going away as well.
For a while, a used Tesla was selling for more than a new one. People were selling their used cars at huge profits and buying a brand new one with no out of pocket costs....strange times indeed.
Now with Germany, USA, and China getting the latest large casting technology production is ramping up and supply line costs coming down, pricing can be lowered.
Most EV producers are trying to get their pricing down to qualify for government rebate schemes as well.
£17k lol this is a joke honestly.Offered 17k trade in by Tesla on my 58k 2019 M3!
To those whom disagreed with this... Are you so closed-minded as to think that just because you interpreted an ambiguous post in a certain way, it's not an ambiguous post? Or that somebody is wrong to suggest it could be interpreted a different way? Just curious as to what exactly you're disagreeing with here. Note that some agree with the post and posted to say they interpreted the post as currency only without mileage. So if you disagreed, perhaps open your mind a little.Sorry, it's kind of confusing if the first "k" was referring to currency and the second "k" mileage. Please don't be lazy people - use currency symbols where appropriate and words like "miles". Because that could've been a Model 3 Performance bought for £58k with Tesla offering £17k for it.
Bet you're fun at parties.To those whom disagreed with this... Are you so closed-minded as to think that just because you interpreted an ambiguous post in a certain way, it's not an ambiguous post? Or that somebody is wrong to suggest it could be interpreted a different way? Just curious as to what exactly you're disagreeing with here. Note that some agree with the post and posted to say they interpreted the post as currency only without mileage. So if you disagreed, perhaps open your mind a little.
Party of one?Bet you're fun at parties.
It’s not a joke, it’s a reflection of how much Tesla want a four year old Model 3 on their books, nothing more. They probably have rather a lot after all the trade-ins for Model Ys.£17k lol this is a joke honestly.
At some point the value of the car prevails. There is no comparison out there for 17k.....
It's worth noting that Tesla have not reduced their model used pricing anywhere near in-line with everyone else.
It’s not a joke, it’s a reflection of how much Tesla want a four year old Model 3 on their books, nothing more. They probably have rather a lot after all the trade-ins for Model Ys.
If not happy with the price offered, try elsewhere. An auction on carwow or Motorway will give a very clear idea of what the most competitive trade value for a car is.
If a dealer needs/wants a Model 3 for his forecourt/group, he will bid strongly.
Wrong!. The value of something is dictated by what the buyer is willing to pay for it, not what the seller wants. This is true for all material things on earth. The is why the phrase "scarcity brings value" is trueLol I want a new BMW M3 for £30k but that doesn’t mean it isn’t a joke.
17k for a model 3 is a joke… cheapest on auto trader is around 26k. Drop off the high horse and get a little more realistic. £17k for this level of car is insane. Can barely get a golf R for that
It may be a reflection on demand though? Tesla use trade in as a demand lever. If they are low balling that may suggest the price cut has done its job demand is up and they can afford to pass up the sale?It’s not a joke, it’s a reflection of how much Tesla want a four year old Model 3 on their books, nothing more. They probably have rather a lot after all the trade-ins for Model Ys.
If not happy with the price offered, try elsewhere. An auction on carwow or Motorway will give a very clear idea of what the most competitive trade value for a car is.
If a dealer needs/wants a Model 3 for his forecourt/group, he will bid strongly.