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Value Model 3 Performance vs Long Range

I couldn't find much information on this specific topic so I apologize if this is repeated.

I am curious as to which trim holds more value percentage wise between a 2021 refreshed Performance Model 3 and a Long range Model 3. Realistically, I would probably only keep the model 3 for three years or so...I am trying to decide between the two options. If I am going to do a 5 year loan and the vehicle most likely won't be paid off in 5 years I am looking to figure out if one will hold more value than the other? I am not too concerned about the difference in monthly payment of approximately $130 per month over 5 years.

Obviously the performance is more expensive but maybe its not for everyone when it comes to second hand? LR is more suitable for the average person.

I am curious if anyone has ran these numbers or there is any data to support either claim?
 
To start with, I don't know if I'd make a buying decision based on a theoretical sale value extrapolated 3 years into the future. There are so many variables that it's hard to say anything for sure. And in my opinion you should buy what you want and can afford now, and worry about the sale later.

That said, my guess would be that the performance would lose value faster. Mostly based on the fact that more expensive variants almost always lose value faster unless they are extremely rare.

People buying used cars care a lot less about trim levels than people buying new, so it drives the prices down. Especially considering there are so few variants, the original prices vary significantly, and the high end versions are not rare.

One potential wildcard could be FSD. If it becomes awesome, has no competitors, and costs $30k in the future. A car with FSD could be worth a lot.

Conversely, if competitors arise and drive the price down. That $10k on FSD could be free on new models in a couple years. Hard to say.
 

jjrandorin

Moderator, Model 3, Tesla Energy Forums
Moderator
Nov 28, 2018
15,803
20,483
Riverside Co. CA
I couldn't find much information on this specific topic so I apologize if this is repeated.

I am curious as to which trim holds more value percentage wise between a 2021 refreshed Performance Model 3 and a Long range Model 3. Realistically, I would probably only keep the model 3 for three years or so...I am trying to decide between the two options. If I am going to do a 5 year loan and the vehicle most likely won't be paid off in 5 years I am looking to figure out if one will hold more value than the other? I am not too concerned about the difference in monthly payment of approximately $130 per month over 5 years.

Obviously the performance is more expensive but maybe its not for everyone when it comes to second hand? LR is more suitable for the average person.

I am curious if anyone has ran these numbers or there is any data to support either claim?

Also, given your plan to only keep the car for 3 years (and get a 5 year loan but somehow not pay off the car in 5 years, with that 5 year loan), you likely should lease the car instead of buying it.
 
The "model 3 performance" has not existed as a vehicle for 3 years yet, so there would be no "data to support a claim of 3 year value".
how about two years? or even one
Also, given your plan to only keep the car for 3 years (and get a 5 year loan but somehow not pay off the car in 5 years, with that 5 year loan), you likely should lease the car instead of buying it.


Sorry, that was a typo. The loan would absolutely be paid off in 5 years should I keep the car that long. With that said, Leasing the car for three years and returning the car would be a loss of money.

I’m pretty sure with minimal money down, after three of five years there would be some positive equity when selling.
 
To start with, I don't know if I'd make a buying decision based on a theoretical sale value extrapolated 3 years into the future. There are so many variables that it's hard to say anything for sure. And in my opinion you should buy what you want and can afford now, and worry about the sale later.

That said, my guess would be that the performance would lose value faster. Mostly based on the fact that more expensive variants almost always lose value faster unless they are extremely rare.

People buying used cars care a lot less about trim levels than people buying new, so it drives the prices down. Especially considering there are so few variants, the original prices vary significantly, and the high end versions are not rare.

One potential wildcard could be FSD. If it becomes awesome, has no competitors, and costs $30k in the future. A car with FSD could be worth a lot.

Conversely, if competitors arise and drive the price down. That $10k on FSD could be free on new models in a couple years. Hard to say.

I do agree with what you said. I did run some basic numbers on KBB for a 2018 Performance vs a long range and it appears that the performance only held a $2k higher value after 2-2.5 years.

I don’t see myself having this car longer than 5 years no matter what I don’t see value in FSD at the moment. If FSD transferred to other purchases I think it will be a no brainer. With that being said, we all know that does not happen so I will not be adding FSD to this purchase.
 
Unless you're taking the car to the track then the performance is mostly for that extra speed. In 3 years we might see tm3p with ludicrous mode and maybe air suspension to lower it even further, so that optimized acceleration you get today is most likely going to be surpassed in 3 years.
I wouldn't want to pay extra for a car that still isn't as fast as a new one, if that makes sense.
But I'm the kind of person who gets the tow hitch because it might help resale value, so grain of salt and all that
 

TLLMRRJ

Active Member
Dec 19, 2019
2,096
2,560
Houston
You don’t buy a more expensive performance car for “value”. You buy it for the performance aspect.

Sure you do. I very intentionally selected and purchased my Lamborghini Murcielago knowing that as the last naturally aspirated V12 gated manual Lamborghini with doors that go up, it wouldn't just not depreciate, but actually go up in value. So far, I could buy a Model 3 Performance with the appreciation. So people definitely look at TCO when buying performance cars.
 
Sure you do. I very intentionally selected and purchased my Lamborghini Murcielago knowing that as the last naturally aspirated V12 gated manual Lamborghini with doors that go up, it wouldn't just not depreciate, but actually go up in value. So far, I could buy a Model 3 Performance with the appreciation. So people definitely look at TCO when buying performance cars.
Weird place to flex
 

Sam1

Active Member
Sep 11, 2019
1,728
1,820
NV
Sure you do. I very intentionally selected and purchased my Lamborghini Murcielago knowing that as the last naturally aspirated V12 gated manual Lamborghini with doors that go up, it wouldn't just not depreciate, but actually go up in value. So far, I could buy a Model 3 Performance with the appreciation. So people definitely look at TCO when buying performance cars.

Not a single person has a clue on future appreciation and/or depreciation of vehicles. The market, just like any market, is dependent on what the buyers are willing to pay for. There are many hundreds of model examples that exist showing data to reflect this.
 

TLLMRRJ

Active Member
Dec 19, 2019
2,096
2,560
Houston
Not a single person has a clue on future appreciation and/or depreciation of vehicles. The market, just like any market, is dependent on what the buyers are willing to pay for. There are many hundreds of model examples that exist showing data to reflect this.

People definitely do and should take into account total cost of ownership, which includes depreciation. Sure, there's no guarantee in life on anything except death and taxes (duh), but smart people always look at TCO when making any purchase and make educated estimates on things like appreciation/depreciation, and that include performance car.
 
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I agree with what most of you are saying..When I say value I am more referring to which trim holds better value over time. Based on my research a 2018 (first year the performance was available) Performance model 3 vs a 2018 Long range model 3 is about a $2k difference. I don't know the prices of the 2018 long range and performance but if we assume its the same as now, around 8K its safe to assume the performance model will lose a higher % of value in comparison to the long range.

Aesthetically, I like the performance details but not enough for 8K. I dont care much about speed. Today I changed my reservation to a Long Range. The deal breaker was the new 20'' Uberturbines.....I HATE them and I would need to replace them regardless of the model I get so I went with Long range with Aero wheels and I will be purchasing the 20'' gray performance wheels.
 

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