Used NADA Value for Tesla Model S 2016 with AP2

[gprabu]

I'm in the process of buying 2016 Tesla S60 with AP2 FSD + PUP for 55K. Upon browsing the for sale posting here, I think I got a good deal.

But when I tried to apply loan the NADA book value comes to only 48K. Anyone else face this issue?Is it because of the three variations of Tesla Model S in 2016 making the option 1 and 2 to drop in price?

1. Old Front Design
2. Refresh Front with AP1 and
3. Refresh Front with AP2.

anyone faced this issue while applying loan?

 

[commasign]

2016 is definitely a confusing year as Version 2, 3, and 4 of Model S were sold at some point during that year.

https://www.teslaadviceblog.com/blog/buying-guide-model-s-versions-1-2-3-and-4

But maybe you can use that to your advantage and ask the seller to lower the selling price?

 

[gprabu]

I tried but he has got other offers :-(

 

[pedriscoll]

Well if he has other offers and you want the car then the NADA valuation is irrelevant. The value is whatever someone is willing to pay.

 

[gprabu]

I value the car more since it has all the combination I love except it doesn’t have the suspension.

I just want to check if others also face such issues with their Tesla or the bank understands the difference.

 

[whitex]

Is it a software locked 60 or real 60?

 

[MIT_S60]

Is it a software locked 60 or real 60?

AP2 is a software locked 60.

 

[PhilDavid]

I'm in the process of buying 2016 Tesla S60 with AP2 FSD + PUP for 55K. Upon browsing the for sale posting here, I think I got a good deal.

But when I tried to apply loan the NADA book value comes to only 48K. Anyone else face this issue?Is it because of the three variations of Tesla Model S in 2016 making the option 1 and 2 to drop in price?

1. Old Front Design
2. Refresh Front with AP1 and
3. Refresh Front with AP2.

anyone faced this issue while applying loan?

Why would you want to buy a S60 with AP2 for $55K when you can buy a S75 with AP2 and well equipped for an asking price of $52K? Maybe the seller will accept $50K even? I think this car is a much better buy for you...

Model S / 2016 / Midnight Silver - 43a03 | Only Used Tesla

 

[whitex]

I'm in the process of buying 2016 Tesla S60 with AP2 FSD + PUP for 55K. Upon browsing the for sale posting here, I think I got a good deal.

But when I tried to apply loan the NADA book value comes to only 48K. Anyone else face this issue?Is it because of the three variations of Tesla Model S in 2016 making the option 1 and 2 to drop in price?

1. Old Front Design
2. Refresh Front with AP1 and
3. Refresh Front with AP2.

anyone faced this issue while applying loan?

Reprice the car as S75 since your S60 AP2 should be $2,000 away from being an S75 (it's a software upgrade) and see whether you can get a better evaluation for your loan.

 

[gprabu]

Why would you want to buy a S60 with AP2 for $55K when you can buy a S75 with AP2 and well equipped for an asking price of $52K? Maybe the seller will accept $50K even? I think this car is a much better buy for you...

Model S / 2016 / Midnight Silver - 43a03 | Only Used Tesla

Its a good deal but I dont like the midnight color. Also the one I'm buying has 50% less mileage and FSD. I really miss the Smart Air Suspension, but not sure it is must to have so skipped it

 

[gprabu]

Its a good deal but I dont like the midnight color. Also the one I'm buying has 50% less mileage and FSD. I really miss the Smart Air Suspension, but not sure it is must to have so skipped it

Thats good idea, if it is S75 the value comes up to 50K. 2K up from 48K so it is same :-(