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used Model S prices

Discussion in 'Model S: Ordering, Production, Delivery' started by clmason, Jan 26, 2014.

  1. clmason

    clmason Member

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    Anyone know the lowest price a used model as has been sold for?

    I would be interested in compiling historical sales stats for used or preowned S's

    Something like:
    age| mileage| spec | options | price | date of sale
     
  2. Out4aDuck

    Out4aDuck Member

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    You can get a good sampling on eBay. If you Show Only "Completed Listings", you can pick out the data that pertains to actual sales. It looks like there were about 20 sold in the last 3 months.
     
  3. zwede

    zwede 2013 P85+

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    Even better, ebay lets you filter on "sold listings" which makes it much easier. I've been following the ebay sold listings for a while and they sell for close to the new price minus $7,500.
     
  4. amitb00

    amitb00 Member

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    Hmmm... Is there any discount for miles or age of the car? Even Tesla gives that discount for inventory cars.
     
  5. Liz G

    Liz G P03056

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    My husband has also been looking at used Model S's on line. Think he's been searching Car trader. Lowest price he's found is $89,900 for a P85. Though he has come across some fairly high prices like someone asking $90,000 for a 40kWh.
     
  6. spleen

    spleen Active Member

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    A 40 kWh car is almost a collector's item so it may be worth it. (smile)
     
  7. Newscutter

    Newscutter Member

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    The only currently viable used market I've seen is through Tesla for their inventory cars (if/when available). Current owners just aren't pricing in any level of depreciation-- though I suspect many of them are not serious about selling either.

    I don't imagine used Model S to be a worthwhile proposition until after the Model X comes out and MS owners start trading up. There could be a very short-term glut with very attractive prices.
     
  8. gaswalla

    gaswalla P4201/85/airsusp/pano/19i

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    Really? Majority of S owners looking at the X are looking at this as their second Tesla in the driveway
     
  9. JohnQ

    JohnQ Active Member

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    I'm not sure what you're saying here. The market is set by what people are willing to pay. Cars are being sold so a realistic price point is being set.

    Now, if you're saying that you don't want to pay that price, that's a different story
     
  10. Newscutter

    Newscutter Member

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    #11 Newscutter, Jan 29, 2014
    Last edited: Jan 29, 2014
    I'm simply making an observation. Tesla demand is high so there is no depreciation priced in. As a result, the used market is not really "viable" in the sense that lower prices have created a secondary market. I have rarely seen a Tesla sell for a price that would be enticing over just ordering new-- and I suspect that won't change for the foreseeable future.

    So what I'm saying is... if I'm going to get a Model S in the near future, I see no reason to buy a used one.

    As for the Model X, I think there are more households unable to sustain TWO Teslas than gaswalla's assertion of "majority". The majority of reservations currently held might be second-vehicle households, but I doubt that too. And of those households that are likely to have 2 Teslas, many of them already DO. So they'll be swapping out one to get a MX. We'll see.

    There are no hard facts for any side to this speculation as even Model S sales are still not reflective of their ultimate demographics and market share due to the limitations remaining on the number of Superchargers and Service Centers.
     
  11. Discoducky

    Discoducky Active Member

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    we'll be selling our S for the X.
     
  12. David_Cary

    David_Cary Member

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    I know of a 2 Tesla family that will continue to be a 2 Tesla family when they get their X. I suspect a large portion of Xs sold will create a used Model S - not saying majority but still a large portion.

    I do think the used market is pretty strange. People are willing to buy used at no discount to avoid waiting but they usually could get inventory cars at a lower price - it isn't a perfect market because knowledge is limited....
     
  13. JohnQ

    JohnQ Active Member

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    Fair enough :)
     
  14. stevezzzz

    stevezzzz R;SigS;P85D;SigX

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    It'll be interesting when the only inventory cars available for sale will have been in the loaner fleet for a minimum of 90 days (per Tesla's new policy). Using the company's depreciation formula, many of these cars will be available at a substantial discount compared to new vehicles.
     
  15. MassX1317

    MassX1317 Addicted to TMC

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    Most of them will have things that most buyers on a budget wouldn't need or want. You get a discount which will be equivalent to getting upgraded lighting, headliners, performance leather, etc. on top of the options you actually wanted.

    I am going to give it a month to see if something pops up that doesn't have any options I don't want such as suspension, performance leather, headliner, dual chargers, etc. If nothing pops up then I won't be disappointed with going new.
     
  16. kupermanp

    kupermanp Member

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    I agree that the model x will likely result in more used model S. More interesting to see will be the effect of the buyback program.
     
  17. amitb00

    amitb00 Member

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    Is it correct that if you want to order inventory car, do you have to place an order and only then you are provided information about them?
     
  18. Atebit

    Atebit Member

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    Not in my experience. My advisor suggested I build a car in Deaign Studio and select the "Pay Later" option. That gave him visibility into what I was looking for & he was able to pull a report on any inventory vehicles that came close to what I had designed.

    IMHO, the notion that you have to "leave a deposit" before they will do a search for you is old-world "dealership" model, which (at least at my store) is ~not~ the way Tesla does business.
     
  19. MassX1317

    MassX1317 Addicted to TMC

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    Thats what I was told originally but when I went for a test drive with my wife and they knew we were serious about buying they took a look at the inventory for us. Pretty much impossible to get this info over the phone.
     

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