Used 2019 M3 or New 2020 M3 - Advice!

[Mchesnoff]

Hi guys,

I need some advice. I found a use 2019 M3 LR AWD with 17k miles price at $48,750. I just sold my ICE car that I had negative equity with, so I'm definitely out a good bit of money. I feel like this used M3 is overpriced.

I have an order currently waiting for delivery for a 2020 M3 LR AWD the same color and interior.

Should I save the $4k and get this used M3 or pay a higher price for the new car, use of warranty and higher value over time?

Thanks for the help!

 

[Tam]

...Should I save the $4k and get this used M3 or pay a higher price for the new car, use of warranty and higher value over time?...

If you can afford a new car, then get it.

If you can't then get a used one.

 

[Mchesnoff]

If you can afford a new car, then get it.

If you can't then get a used one.

Well yes of course. What would be better in the long run?

 

[Tam]

Well yes of course. What would be better in the long run?

New of course.

Depending on the month, Hardware 2.5 was still installed in early 2019 (currently, Hardware 3.0).

Tesla constantly and silently changes different auto parts at the assembly line to newer versions without notice.

Your choice has a price.

It costs more to get better in the long run with certainty, predictability.

It costs less to get the worse in the long run with uncertainty.

It's a matter of your affordability.

 

[glide]

Well yes of course. What would be better in the long run?

Neither. Cars are not an investment.

 

[mrau]

The new car warranty alone may be worth the price difference. Unless you are buying used from Tesla and still get 50,000 mile or 4 year warranty.

$4,000 less for 17k miles does not seem like a very good discount. However, if that is the market price I am glad to see the cars holding their value.

 

[CrayZ1]

You will not get your $2500 from California, you will not get Orange HOV stickers, you won't get 1000 miles of SC (using referral), you will have a car listed as a 2019, and have a shorter warranty.

Not a good buy IMO.

 

[Mchesnoff]

Thanks for the input. I’m gonna hold off!

 

[jpfive]

The new car warranty alone may be worth the price difference. Unless you are buying used from Tesla and still get 50,000 mile or 4 year warranty.

$4,000 less for 17k miles does not seem like a very good discount. However, if that is the market price I am glad to see the cars holding their value.

Delighted to see our cars holding their value so well. But, IMHO $4000 is not a compelling reason to choose a used M3 over a new one. Give yourself the advantages of a new one, and none of the questions that go with a used one. Enjoy the car.

 

[rdcisneros3]

Neither. Cars are not an investment.

Elon disagrees with you.

 

[OCR1]

With the loss of the CA rebate of $2K there is only a $2K difference between a brand new car or a used car with 17,000 miles on it. Not even a close call.

 

[Mchesnoff]

With the loss of the CA rebate of $2K there is only a $2K difference between a brand new car or a used car with 17,000 miles on it. Not even a close call.

California Rebate is still up i thought?!? Or are you saying i would lose the rebate if i bought used?

Yeah i think im passing on this one.

 

[OCR1]

California Rebate is still up i thought?!?

Yes. You would lose the rebate by buying the used one since the rebate only applies to new purchases. So the final difference in price is really only $2K.

 

[Mchesnoff]

Yes. You would lose the rebate by buying the used one since the rebate only applies to new purchases. So the final difference in price is really only $2K.

Got it. Yep, thanks for everyones help to avoid a bad decision! haha

 

[jakevo]

Thanks for the input. I’m gonna hold off!

I read a story here someone got tesla replaced the battery for free under warranty which would cost them 16k without warranty. So you should keep that in mind when you go with the used one.

 

[SMAlset]

You will not get your $2500 from California, you will not get Orange HOV stickers, you won't get 1000 miles of SC (using referral), you will have a car listed as a 2019, and have a shorter warranty.

Not a good buy IMO.

Not to muddy the waters but if the car’s owner never applied for HOV stickers I believe OP could still apply for them. I think Calif might have also changed the rules on this this year so that a used car owner can apply for them even if the previous owner had them, but that should be double checked.

not everyone can get both the Calif rebate plus the HOV stickers so another thing to check out the specifics on.

For PG&E rebate that would be another possible thing to verify for new or used. Not sure if it’s by the car or by the owner at the address. But OP is in Southern Calif so not familiar with any local utility rebates down there.

 

[Spacep0d]

You will not get your $2500 from California, you will not get Orange HOV stickers, you won't get 1000 miles of SC (using referral), you will have a car listed as a 2019, and have a shorter warranty.

Not a good buy IMO.

I think this is a very compelling argument. I was going to bring up the shorter HOV time frame with a 2019 car as well. Definitely go new!

 

[ElectricIAC]

You will not get your $2500 from California, you will not get Orange HOV stickers, you won't get 1000 miles of SC (using referral), you will have a car listed as a 2019, and have a shorter warranty.

Not a good buy IMO.

If it has FSD or EAP it’s worth negotiating down to ~$45K

 

[goletaspring]

Well yes of course. What would be better in the long run?

New of course. Resale value is based on model year and mileage. Seems insane to get one with so many miles that's almost out of warranty to save $4000.

 

[TLLMRRJ]

I got $1050 off on an inventory 2020 LR AWD Tesla with 250 miles on the clock and still classified as new.

$4000 off for 17,000 miles on a 2018?! That's pretty terrible in comparison.