Why are P85D's "cheap" now?

[twonius]

Model S P85D 5YJSA1H41FF099411 | Tesla

Starting to see P85D's in the mid to upper 50's. That seems like a ton of car for the money vs a model 3 long range.

Is this just model S valuations returning to reality or is there something wrong with these cars vs a non-P car?

 

[ucmndd]

Because Teslas, like basically all cars, lose about 50% of their value in the first 3-4 years.

 

[P100DHG.]

That’s an awesome deal and concerning for the future value of my P100D. When I got my car a P85 with no AP was going to cost $75,000.

I bought my car with the assumption that these cars hold their values very well. Uh oh.

 

[Litigate28]

Kind of hurts. I bought mine in April for a lot more with less options. I guess I got in under the old CPO program but I rather save about 12k. But I will say I've loved every minute of owning it, so there is that.

 

[DanCar]

Kind of hurts. I bought mine in April for a lot more with less options. I guess I got in under the old CPO program but I rather save about 12k. But I will say I've loved every minute of owning it, so there is that.

In other threads there are lots of people complaining about current CPO process. Body damage, stains, poor customer support. Did you got 4 year warranty? Suspect big difference in what you got, versus what people are getting today.

 

[kev1n]

its true that cars priced in this category, 80k+ will lose about 40-50% in 4 years.

also true that most of the cheaper tesla inventory cars have a good amount of cosmetic damage which explains the lower value.

 

[twonius]

That’s an awesome deal and concerning for the future value of my P100D. When I got my car a P85 with no AP was going to cost $75,000.

I bought my car with the assumption that these cars hold their values very well. Uh oh.

Yeah I mean you can spend that kind of cash on an optioned up Mustang. It barely gets you into a Corvette.

 

[twonius]

Because Teslas, like basically all cars, lose about 50% of their value in the first 3-4 years.

Some more, some less. Just look at Wranger, Tacoma or Subaru outback prices.

 

[ucmndd]

Some more, some less. Just look at Wranger, Tacoma or Subaru outback prices.

Of course.

Although, that said, I for one am not so surprised that Teslas are much more near the higher end in that regard - they are at the awesome intersection of the crushing depreciation of automobiles and the quick lifecycle of emerging technology.

 

[glide]

Model S P85D 5YJSA1H41FF099411 | Tesla

Starting to see P85D's in the mid to upper 50's. That seems like a ton of car for the money vs a model 3 long range.

Is this just model S valuations returning to reality or is there something wrong with these cars vs a non-P car?

No air suspension, no cold weather package, no premium package, possibly beat to hell.

A good deal if you don’t care about any of those things.

 

[P100DHG.]

No air suspension, no cold weather package, no premium package, possibly beat to hell.

A good deal if you don’t care about any of those things.

All good points

 

[Lasttoy]

Looking on internet at all cars in USA, someting is wrong with price. Really to low, why?
Remember we cannot take a car out of Calf, i tried, the state taxes or has a 10k fee.
No sunroof. No tech package, seems less equiped than mine. We will see how long it sits?

 

[JMatt]

I just bought a P85D a couple weeks ago for 66k and I think I got a very reasonable deal. Ludicrous mode. Carbon fiber trim. Air suspension. Executive rear seats. Panoramic roof. 21" wheels. Premium sound. Tech package with AP1. Cold weather package. 38k miles. Looks mint inside and out. One rock chip on hood. No other nits. (I think dual chargers is the only option it didn't have)

 

[P85DBeast]

The S has the slowest depreciation rate out of car in the segment...So it's essentially worth more than the class. Iv'e seen some Model S (such as this one) going for WAYY more than they are worth. This one is 11k above market going for $79,900 I could care less that is only has 25k miles on it. 2015 Used Tesla Model S ONE OWNER AWD LOCAL LOADED P85D COMPARE TO ANY NICEST at Platinum Wholesale Auto Inc. Serving NE Bellevue, WA, IID 17828110

 

[PhaseWhite]

Model S P85D 5YJSA1H41FF099411 | Tesla

Starting to see P85D's in the mid to upper 50's. That seems like a ton of car for the money vs a model 3 long range.

Is this just model S valuations returning to reality or is there something wrong with these cars vs a non-P car?

I think there's a P3D effect that's contributing to P85D depreciation in particular. The P3D provides near identical acceleration performance but in a smaller car that's more agile and had the latest tech (AP 2.5) and eligible for the $7500 rebate. Some folks who don't need the larger car shopping in the P85D segment are opting for the P3D.

 

[davidc18]

It will be interesting to watch used prices as the tax credit expires.

 

[scottycs]

Have you seen a CPO Tesla lately? The car is probably trashed. I looked at quite a few P85D in the 55-65k range, and I decided against every one. They all either had a history or defects that I couldn't get passed. Ended up purchasing a refreshed 90D for $63k that has been amazing and is plenty quick even for speed freaks.

 

[commasign]

Those of us that have kept our P85D's in perfect condition have no intention of selling at any price. #BlackHoleClubForever

 

[seattlite2004]

Because Teslas, like basically all cars, lose about 50% of their value in the first 3-4 years.

https://jalopnik.com/these-are-the-cars-with-the-most-and-least-depreciation-1829679209

 

[Tourman]

That's crazy, I traded in my 2015 85D with more mileage for around the same price as that P85D. Do Performance versions command less on a trade-in?