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WTB: Please help with a friend-to-friend Model S sale/purchase price

Discussion in 'Tesla for Sale' started by Maksidaa, Mar 3, 2016.

  1. Maksidaa

    Maksidaa Member

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    WTB: Please help with a friend-to-friend Model S sale/purchase price

    This is my first post, I hope it's in the right sub forum! A friend is ready to move up to a Model X, and we are working on a deal for me to purchase it from him. I live in the southeast U.S., the Model S is a 2013 P85 has 32,XXX miles on it, white with tan leather interior, 21'' silver rims, pano, rear facing seats. My friend does not have the additional 4 years of extended warranty, but is willing to purchase it before selling to me.

    Here's the sticking point: he wants $67k for it. After looking at the recent CPO prices for similar P85 sales, I think he's about $10k too high, and I would only pay $57k if he also included the additional 4 years of extended warranty.

    However, we are good friends, and I don't want to get into too much haggling over price. What is a fair price to ask for? I know he's checked with Tesla about the trade in value, but he has not told me what he was quoted.

    List Date: 3/3/2016

    For more info, click here to view the original listing: WTB: Please help with a friend-to-friend Model S sale/purchase price
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    Want to Buy (WTB) Please Contact Buyer with offers.

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  2. DougH

    DougH Active Member

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    No this is not in the right forum.
     
  3. 18seeds

    18seeds New Member

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    I'll be in the same boat with a relative later this year. If I can't get it for trade in value I will probably walk away. Just let your friend know you are going to keep looking.
     
  4. Maksidaa

    Maksidaa Member

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    Sorry! I apologize! Where should I post this? Thanks in advance
     
  5. SamT

    SamT Member

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    I agreed, if he is a good friend, he will sell it to you for trade in value. You can also do a search on Ebay and Hank's CPO site on how much a comparable 2013 P85 sold for and show it to him. Tell him If you buy a CPO, you will have 4 years of warranty.
     
  6. Larry93428

    Larry93428 Member

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    My 2014 Model S 85 (not P) with 33k miles is going for $49k.
    Your friend's price is way too high.
    ~Larry
     
  7. DougH

    DougH Active Member

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    In the general Model S forum. I am sure a mod will move it at some point.

    Don't pay $67K for that Tesla, it's way to high.
     
  8. Maksidaa

    Maksidaa Member

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    I mentioned that I found some similar models going for less and he said that his has the Nappa leather and upgraded sound system so it's worth more. I didn't want to argue, but it seems like that would make little difference to me. Would those 2 upgrades with the rear facing seats make for a $10k difference?
     
  9. ecarfan

    ecarfan Well-Known Member

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    To the OP: if I was in your situation, I would ask my friend to get a trade in value in writing from Tesla and then say I will pay $3000 over that. My friend makes an easy $3K and does not have to bother with selling it privately, and I get a good deal. Win/win.
     
  10. Maksidaa

    Maksidaa Member

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    Hmmmm...that's a good idea. Might be worth a try.

    He's the type of friend that is a friend as much by circumstance as anything. We get along just fine, but I don't think he feels any obligation to not extract as much $$ out of me on this purchase as possible. And unfortunately he knows I REALLY like his car......and he also knows I'm not going to buy a new Model S.
     
  11. Habious

    Habious Member

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    Hmm...sounds like you don't have "a friend" who's selling his Model S; it's more like "you know someone" who is selling their Model S.

    That's not the same thing.
     
  12. Maksidaa

    Maksidaa Member

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    You might have a point there. I guess what I mean is that we aren't close enough that he would give me a $10k discount out of the kindness of his heart. He's treating this as a business deal, and I don't blame him. I just would like to have the proper information to back up my offer, which he will likely see as a low-ball offer.
     
  13. Wknapp0924

    Wknapp0924 Member

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    You said good friends? Don't settle and get one with autopilot.
     
  14. supersnoop

    supersnoop Tesla Roadster #334

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    "I'm sorry, but I do not think we're going to be able to come to terms. Good luck with your sale."

    You should be paying less to buy from a friend. You're doing him the favor because he doesn't have to work hard to sell it. Why should you pay more for his car than any other car out there? He's not doing you a favor by selling you the car.
     
  15. Canuck

    Canuck Active Member

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    It's usually best not to do business with friends if you want to keep them as friends. Same with family. Just my opinion but I've seen so many deals go sideways and ruin friendships or family relations, that paying a little more to keep friendships/family intact is usually the best the way to go.
     
  16. Wshowell

    Wshowell Member

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    Two ways to maybe work this so things stay comfortable between you two. Have him try to sell it privately, craigslist, this forum etc. Once and if someone makes a firm offer he is about to accept you get first right of refusal for pay $1 over. If you refuse then he sells it to the other guy. If you accept then you and he know that was "market price".

    Second approach is to allow the market to decide. Have him put it in to Ebay with the reserve or "buy it now" for what he is asking you to pay. If someone bids it up then he get at least that reserve price. If it never reaches his reserve (and it won't...) tell him you'll pay $1 over the high bid. He then either accepts your highest bid+$1 offer or moves on without you being the buyer.

    People forget something is worth only as much as what buyers are willing to pay for it. Sellers set prices, buyers establish "worth". Either way, I think this allows the price to be set by the market and neither of you feels taken advantage of.
     
  17. bigmaple1

    bigmaple1 Member

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    Sounds like you (as the purchaser) actually have the upper hand in the negotiation. You could purchase a used model S from this very forum, for a fairer price. (there are many used Tesla options). Is there a specific reason why you want 'that' Model S? Browse this for sale subforum, and take a look at Ebay.
     
  18. cantdecide

    cantdecide Member

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    I think Tesla would offer about 55k.... They offered 49k for mine... P85 (with leather, sound, tech, rear facing seats but not 21") at 43k miles.
     
  19. Maksidaa

    Maksidaa Member

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    Thanks for that info. Looking at the buy back guidelines, I was guessing about $50k for the original purchase price of about $100k, then $4-5k for the options.
     
  20. calisnow

    calisnow Active Member

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    Best advice - DON'T BUY A CAR FROM YOUR FRIEND. There are a billion Model S's for sale. You cannot replace your friend. Keep your friendship intact and keep business transactions out of it.
     

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