UrbanSplash
Active Member
Nearly £10k in value by WBAC is some ‘adjustment’.I think some of the earlier comments about valuations are right, neither Tesla nor WBAC want our cars.
So they’re offering very low prices. Most sellers will walk away. Someone desperate might accept the offer, but at those prices the buyers know they can make good money quickly.
I’m not too worried as a) I don’t need to sell and b) the fundamentals still apply. By that I mean when the market calms down Tesla will be selling MY LR for approx £53k. I understand that demand has gone up, there are buyers at that price. So if, as a buyer, my option is a new one from Tesla for £53k or a used 1 yr old one, how much less does the used one need to be to be competitive? My guess would be £45-47k. So a in a normal market a dealer should be happy to buy that off me for say, £42-44k. So that is what I think my MY is likely worth in a calm market. That is much more than WBAC will currently offer, but I bet their CFO is telling them to conserve cash while worrying about a recession (fewer sales) plus seeing increased costs for them to hold stock, so their system makes low ball bids.
I imagine Tesla might not sell as many cars to existing Tesla owners currently if their part ex is a piss take. Yes list price is down, but I will give you nothing for your Model 3