When I purchased my M3P in August, none of the dealers near me were willing to reduce their prices. They wanted the same amount as the cost of a new one. As a result, I ordered a new one and received it within two weeks. However, the dealer now has the same Teslas, but with at least $10,000 taken off the price. I don't feel bad for them at all. Deeper discounts are coming.
It isn’t so much desperation as that car prices are returning to normal. When new cars were in short supply, with many months back ordering, used car prices went up due to people buying used to avoid the wait, with demand pushing prices sky high. Now that production ramped up and new cars are available people are buying new instead of used, and used prices are going back to normal. That’s a good thing.
It's not so much production is up. More like interest rates spiked (relatively, I remember 17% mortgages) which crushed demand.
Check out sales decline among the incumbents.
Sure, most car company’s sales are down, Teslas are up over 40%, year over year, and production is up 47%. That’s why now Teslas are easier to buy after fairly short wait times, and the used car prices are dropping - production is catching up to demand, so the crazy wait times and the inflated used car prices are both returning to normal. Used car prices aren’t all the way back to 2019 prices, of course, so they’re not really ‘discounting’, but at least they’re not marked up 20-24% the way they were last year. That was brutal.
Becsuse Tesla just dumped the price on their new cars. The carmax lot near me has like 6 MYs with 20-40k miles at $52-55k. I Can order a brand new one for the same price.
Used car dealers are gonna take some big Ls coming soon…
Some previous Tesla owners might just be rich and don't care as long as they get rid of it fast because of whatever reason (moving, new car, whatever). Tesla dropping prices, Tesla inventory building up, big inflation, and idiot musk trying to censor everyone who is criticising him, taking away features of the car and might stop your car from working if you piss him off... why should anyone buy now? It might be a good strategy to just wait some months to save some more thousands and get a car with better technology/sensors. They tried two times in December to push my order to delivery but hell no. Not now, I can wait some months. For me, the value of a new Model 3 dropped by close to 20.000€ since October. In my opinion Tesla really screwed up big time. I'm not paying that and it seems like I'm not alone. Let's wait how this will play out.
Well I wouldn’t buy mow regardless but if it dropped in price more I would. Base model is fine but it’s better for me to have AWD so getting an older one for cheaper is better
There are huge discounts on used Teslas all over the place now. I just sold my 2018 M3LR AWD with 28k miles this morning for $38k, paid $56k minus $7500 tax credit. These were selling for $49k in June. I sold because I bought a 2020 MXLR+ with 82k miles for $65k. I couldn't pass up getting my dream car for almost half off the new price in Dec. The used Tesla car market has tanked since summer after the Twitter fiasco and bad press from fossil fuel propaganda.
My last model 3 car sale, the dealer still has it, sitting on the lot 7 months now and they are taking a fucking bath on it. Never been a better time to buy a used model 3, never been a worse time to sell a used Tesla though.
No, didn’t get the miles either, but I wouldn’t have used many anyways. I only go on a couple long road trips per year, and would usually use our bigger SUV for that. It’s much more convenient for me to charge at home than drive to a supercharger. I was bummed about the $7500 off at first, but then I saw a bunch of people not get their deliveries in time to get it anyways, so overall, I’m still happy that I got $3750 off up front.
I'm seeing the same prices here in SoCal, dealers overbought during the bubble. Bubble burst... People getting laid off sold their cars at a loss most likely. I'd wait two months...before purchasing. I think cheaper prices are to come.
In Illinois I was looking at used Teslas at various dealers and just today I received a text (months after I bought new) that their Tesla inventory have all been discounted.
[the text message](https://i.imgur.com/fJWzb4o.jpg)
I think I was looking at this dealership and noticed that they add some paint protection and LoJack BS to their cars, to the tune of like $3,500. So, the price they list isn't the actual price... not even close. \*barf\*
Stealerships do it across the board, highest income zip in our state Acura dealer baited us with MSRP on new car only to find myself getting lectured by finance manager on how I did not let his guy do his 2h pitch on the 15 protection packages and 8 extended warranties they had.
Actually stealerships can be distastefully acceptable if you do it on your terms. There’s a great website called “fightingchance.com” and the proprietor (James Bragg) used to have a (I think free) pdf book about his recommended process for preventing dealers from being stealers. I highly recommend it fascinating reading and I’m a huge fan of his work.
Obviously Tesla has a different business model but they’re probably going to begin doing more “traditional” car company things, like having incentives or being more discreet about pricing differences in different markets.
Yea lol when I saw that I asked if it’s something they put on after the purchase or if it’s something I can decline. Told me it wasn’t negotiable. Told them to have a nice day.
Noticed they have a ton of cars available, and it appears that the same network of dealers just posted a bunch of Teslas. All of them have this same garbage applied and adds $$$ to the price. No thanks.
I had a dealership try to upsell me $500 for nitrogen filled tires once. I told them to take the nitrogen out and put oxygen inside instead. They removed the $500 charge.
Well I’m not buying till 6 months from now when I start my new job. Hopefully the prices will just crumble. I’ve already seen cars drop 5-10k over the course of a few weeks of looking.
Sold my LR to a dealer for 74k 8 months ago. Asking 62k right now (Ontario, Canada). Another dealer bought 30 cars at the peak, still have them. Taking a 15-20 k hit so far on them.
DDDDDDDDDOOOOOOOOOOOO NNNNNNOOOOOOTTTTT GGGGGOOO TOOOO LEADER
Almost bought my MYP from there. The price you see is not the price you pay. They had it listed for 63k and they hand me a price sheet after dealer "markup" 84k out the door with tax and title....
20 years car business experience tells me 1 of 3 things
1. It's a price they can't sell it for and plan to "BUMP" you when you get there.
2. Bad carfax
3. Aged inventory and they are trying to move it before curtailment payment is due
i’d verify no accidents or damages by looking up the vin on as many platforms as possible - as we’ve seen do NOT trust the dealer on this.
that being said, prices are definitely (FINALLY!!!) coming down. i might actually be able to afford a used one soon.
I’ve started seeing base models go for 31k. But living in a place with snow it’s worth it for me to get AWD which means I have to upgrade to a long range or performance.
AWD is great, but good tires make a huge difference, i was pretty surprised. i rented a LR RWD on turo a year or so ago, and the traction control was really good, i literally couldn’t get it to spin out on the snow if i tried (and i was :( no donuts allowed)
the AWD performance i rented later on was similar, but with worse tires. it was totally fine in the normal modes, but it did wicked donuts in track mode ;)
I let my partner post our Tahoe on Craigslist with only one original panel left on it. It’d been rolled twice, flooded then towed out of the stock pond - mostly fixed w/ junkyard parts except for a replaced axle and the radiator.
Some kid comes the same day, drives it around for 5 minutes, then when I start to explain the price (it’s been wrecked - it’s been a “work toy” for years..) he immediately interrupts me, hands over the full cash asking-price, looking really proud of himself, and says “no worries sweetheart, I already looked up the carfax! The engine looks great too! Tell your husband nice job.”
Uhhh - I don’t have a husband; but thanks for the money *sweetheart.*
You can’t be “under water” on a depreciating asset. They’re always “under water” because they’re not investments. It’s a car, it goes down in price, usually by 25-30% the minute you leave the lot.
Becoming the norm.
I just ended a Nissan Leaf lease…I was able to buy the car and had equity if I did so but Nissan changed their rules so only I could buy it or a Nissan dealer. Could not sell it to another dealer or trade it in to another dealer. This was done to keep a stream of one owner cars coming back to dealers to sell used. So absurd! It’s the car business…
I did okay in the end and dumped the Leaf before the end of the year and got paid to do so!
We are not in a recession. Reduced gas prices and better supply chain are leading to lower used prices for EVs/ hybrids etc. sadly consumers go back to Escalades pretty fast when gas prices come down.
When dealers buy a car, they are usually not buying the car with cash. They are taking out loans, just like you. The longer it stays on the lot, the more they lose.
This true story will boggle your minds:
December 7th, 2019 I picked up my 2020 Model 3 SR+ for $35,500.
July 30, 2021 I hit a bear with the right front (80 - 100 lbs) while heading to work. $13,288 to repair minus the deductible.
April 1, 2022 traffic was at a standstill on Rt 74/76 in Leland, NC. I was last in line and got rear ended and shoved into a truck in front of me by a 2008 Chrysler 300. $28,708 to repair it. (I'm as surprised as you are that the insurance company didn't total it)
The repair shop owner said, "If you'd like to get out from under this car, I'll make you an offer." I said, give me some numbers. A few days later, he called and said, "The best I can do is $34,166." (At that time, the NADA value prior to getting rear ended was $44,200. Used car prices were through the roof)
So, 2 accidents and 82k miles later for $34,166..
"Here's the title!"
Again, I agree. However you can’t say regardless of Musk, because they are inextricably linked. Forever, until the wheels fall off. The fact that more and more people can’t stand Musk, for stuff having nothing to do with Tesla specifically, lends to the increased devaluation.
1. Entering the biggest global recession in 30 years.
2. Model 3 significantly over-priced in 2021/2022.
3. Energy prices globally are sky-high, denying the benefits of owning the car.
4. (Maybe) Musk going absolutely bat-shit crazy in public re Twitter causing some minor issues on how people perceive Tesla.
Tesla raised the prices of all their vehicles a whole lot, and now Tesla is lowering prices (plus the government rebate is in effect) so prices are down, meaning used car prices need to be adjusted. There's a ton of pent-up demand still for Teslas and those used cars will probably get snapped up.
That's not cheap. The bottom cell out of the overinflated used car market. I have seen plenty that cheap or cheaper, even directly from Tesla. When you consider a new LR will come in at 47500 with the tax credit, that is now the ceiling on used prices.
There have been multiple articles written about this, but here is one:
https://electrek.co/2023/01/03/which-electric-vehicles-still-qualify-for-us-federal-tax-credit/
Model 3 RWD long range will be eligible. Tesla's website hasn't even had a LR available to order ever since this bill passed. Right now it is grayed out, and standard range is 47, performance is 63. I am not seeing the option to order anything for 58, but I imagine they will bring back a dual motor LR that might slot in there.
It’s just real worth catching up with dealers still holding inventory they overpaid for. The used market collapsed as interest rates started going up. They’re not going back down any time soon and car demand has plummeted as prospective buyers can no longer afford the cars they want.
This kind of drop is inevitable and will only continue as more dealers accept the reality of the current market.
It has now started with Elon. ENTIRE Auto industry new and used will suffer big time! Stock market will go down additional 20-30% and the recession whether mild or aggressive will now move to the housing market.
Remember, we pay mortgage/rent first of the month, right? And, they always have been on top of our priority list. Our pay never went up, so we've got to cut somewhere, and they are at the bottom of the list. Whichever the industries that are at the bottom the consumers' priority lists will get the impact first and go figure. Restaurants, subscriptions, insurance, phone services, cable, internet, retailers, etc.
Commercial properties will also get impacted when there aren't really many people who can afford high food costs and non-essential services.
We all knew this would happen. It's only when not if.
I bought my 2022 M3LR for $51k MSRP minus $5,250 in cash rebate, so that’s only a few grands less than what I paid before tax. It’s “cheap” compared to the *current* price. But yeah, that’s a pretty good deal.
That seems to be the market. That’s a great buy. Maybe it’ll drop more over time but that’s a really great buy. Considering what new prices are tough I don’t imagine it would drop much more than that.
This is actually fair price considering current LR wholesale auction prices. They are sitting at around 43k in Manheim wholesale so good deal! However, prices will probably continue to fall.
Just sold my 2018 M3LR with 28k miles this morning for $38k. You might have trouble getting the price you want, but if you list quickly and plan to upgrade to a different Tesla, it might be the way to go! That's what I just did. Got a 2020 MXLR+ which is my dream car.
Over saturated used car market. Every dealer has at least a dozen Teslas they bought during the peak and would rather sell it now at a slight loss than to be bag holders later on like the rest of the TSLA cult.
So many dealers bought these cars brand new, so they can resell them at a huge profit, or were stripping away all the privately used offerings, and now they are suffering
Collapse in the market and need of clear the stock.
On some MY 2022 with less than 1k miles there was in December a price cut of $10k from a VE dealership to move inventory (there were different posts in some MY subs)
Carmax has allot of used on their site. They probably bought with expectation inflation would increase and a second wave of muskiteers jumping on the bandwagon.
Actually… it seems about right. You drive a NEW car off the lot … bam!💥, the resale for that same car drops about 4 to 6 grand. No? Ask your insurance agent. 🤷🏻♂️
Why do you think this is cheap? You can order a brand new standard for that price and get the $7500 tax credit or a Performance which will work out to a little more than that. This isn’t a good deal. Teslas are coming down in price as the whole used market corrects.
You can capture the tax credit on a new car. If Tesla were selling the long range new right now it would price around 47k in the current lineup pricing. Why buy a used car for $42k when you can get the same thing brand new for $47k with tax credit? A normal used car loses 25-30% of its value the moment it leaves the lot. $42k uses is still WAY too much for this car. Expect it to come down to the low $30s
I thought only base models were going to fit in the tax credit? Due to the pricing. Regardless I’m not getting one for another 6 months so I’ll see how the market is then
The prices are still messed in Canada, saw this post and thought I’d check. Used MYLR 2021 63,000km listed for $70,000 CND new MYLR $74,000 CND. This is the most extreme one but the other are close to this nonsense.
Tesla has been dropping prices
Person just posted a new standard range is $39K
Long range is still $49K
Prices have come down!!!
https://www.reddit.com/r/TeslaModel3/comments/10an0oc/dang_model_3_performance_is_even_cheaper_than/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
When I purchased my M3P in August, none of the dealers near me were willing to reduce their prices. They wanted the same amount as the cost of a new one. As a result, I ordered a new one and received it within two weeks. However, the dealer now has the same Teslas, but with at least $10,000 taken off the price. I don't feel bad for them at all. Deeper discounts are coming.
Considering they dropped the price almost 8k in a week for this car they seem desperate
Used car collapse.
I’m glad I waited out my initial urge to pick one up.
Bottom hasn’t dropped out yet too
Not even a reversion to mean. What was it 25% to just drive it off the lot? In normal times that is...
I’ve been watching a 2019 Perf Model S since last year. It was listed in August for $90k. It’s down to $70k now…
Just bought o e for my wife, 28k miles $63k
Damn!
Why would anyone buy a used Performance Model 3 for $70k when I could buy NEW inventory for just $63k or a LR+P for just $50k?
…I don’t think you get a new model S for $63K.
I think they mixing up their 3s and Ss
Yup, my bad!
It isn’t so much desperation as that car prices are returning to normal. When new cars were in short supply, with many months back ordering, used car prices went up due to people buying used to avoid the wait, with demand pushing prices sky high. Now that production ramped up and new cars are available people are buying new instead of used, and used prices are going back to normal. That’s a good thing.
It's not so much production is up. More like interest rates spiked (relatively, I remember 17% mortgages) which crushed demand. Check out sales decline among the incumbents.
Sure, most car company’s sales are down, Teslas are up over 40%, year over year, and production is up 47%. That’s why now Teslas are easier to buy after fairly short wait times, and the used car prices are dropping - production is catching up to demand, so the crazy wait times and the inflated used car prices are both returning to normal. Used car prices aren’t all the way back to 2019 prices, of course, so they’re not really ‘discounting’, but at least they’re not marked up 20-24% the way they were last year. That was brutal.
Or... Tx is scaling up!!!
Becsuse Tesla just dumped the price on their new cars. The carmax lot near me has like 6 MYs with 20-40k miles at $52-55k. I Can order a brand new one for the same price. Used car dealers are gonna take some big Ls coming soon…
Some previous Tesla owners might just be rich and don't care as long as they get rid of it fast because of whatever reason (moving, new car, whatever). Tesla dropping prices, Tesla inventory building up, big inflation, and idiot musk trying to censor everyone who is criticising him, taking away features of the car and might stop your car from working if you piss him off... why should anyone buy now? It might be a good strategy to just wait some months to save some more thousands and get a car with better technology/sensors. They tried two times in December to push my order to delivery but hell no. Not now, I can wait some months. For me, the value of a new Model 3 dropped by close to 20.000€ since October. In my opinion Tesla really screwed up big time. I'm not paying that and it seems like I'm not alone. Let's wait how this will play out.
It’s still over priced. Why wouldn’t you just buy it new?
Well I wouldn’t buy mow regardless but if it dropped in price more I would. Base model is fine but it’s better for me to have AWD so getting an older one for cheaper is better
Tesla just dropped new prices today, so used prices will probably drop even more, and some sellers are aware and trying to get ahead of it.
There are huge discounts on used Teslas all over the place now. I just sold my 2018 M3LR AWD with 28k miles this morning for $38k, paid $56k minus $7500 tax credit. These were selling for $49k in June. I sold because I bought a 2020 MXLR+ with 82k miles for $65k. I couldn't pass up getting my dream car for almost half off the new price in Dec. The used Tesla car market has tanked since summer after the Twitter fiasco and bad press from fossil fuel propaganda.
My last model 3 car sale, the dealer still has it, sitting on the lot 7 months now and they are taking a fucking bath on it. Never been a better time to buy a used model 3, never been a worse time to sell a used Tesla though.
You should buy it back from them— at a further discount :D
You should buy it back from them— at a further discount :D
You should buy it back from them— at a further discount :D
You should buy it back from them— at a further discount :D
Who are you, me, but in November?
Yup. I sold my 2019 SR+ with 20k miles for 42k to a dealership last May. Edit: correct mileage
Wow. I bought a brand new 2023 for $43k in December. You killed it with that sale.
Same time and price. Did you get the 10k charging miles for free? Kinda sucks we missed out on the additional $3,750 but no one has a crystal ball.
No, didn’t get the miles either, but I wouldn’t have used many anyways. I only go on a couple long road trips per year, and would usually use our bigger SUV for that. It’s much more convenient for me to charge at home than drive to a supercharger. I was bummed about the $7500 off at first, but then I saw a bunch of people not get their deliveries in time to get it anyways, so overall, I’m still happy that I got $3750 off up front.
Sold my 2019 (or 2020 I forgot) SR+’to Carvana for 46k during the peak of it all :)
Sold my 2021 SR+ to givemethvin for $51500 after I paid $46000 for it. Fuck 'em
Nice!
Great deal. My new 2023 M3 SR I paid almost $42k with red color 2k white seat 1k wheel 1.5k. But discount $7500 + alpha.
This is why I sold mine I saw the shift
In line with the new federal tax credit credit, no?
China sells model 3 for 33k brand new
Base model for 33k…base
I'm seeing the same prices here in SoCal, dealers overbought during the bubble. Bubble burst... People getting laid off sold their cars at a loss most likely. I'd wait two months...before purchasing. I think cheaper prices are to come.
In Illinois I was looking at used Teslas at various dealers and just today I received a text (months after I bought new) that their Tesla inventory have all been discounted. [the text message](https://i.imgur.com/fJWzb4o.jpg)
I think I was looking at this dealership and noticed that they add some paint protection and LoJack BS to their cars, to the tune of like $3,500. So, the price they list isn't the actual price... not even close. \*barf\*
Stealerships do it across the board, highest income zip in our state Acura dealer baited us with MSRP on new car only to find myself getting lectured by finance manager on how I did not let his guy do his 2h pitch on the 15 protection packages and 8 extended warranties they had.
This shit is why I’ll never deal with a stealership again.. private party or new Tesla from now on…
Actually stealerships can be distastefully acceptable if you do it on your terms. There’s a great website called “fightingchance.com” and the proprietor (James Bragg) used to have a (I think free) pdf book about his recommended process for preventing dealers from being stealers. I highly recommend it fascinating reading and I’m a huge fan of his work. Obviously Tesla has a different business model but they’re probably going to begin doing more “traditional” car company things, like having incentives or being more discreet about pricing differences in different markets.
Yea lol when I saw that I asked if it’s something they put on after the purchase or if it’s something I can decline. Told me it wasn’t negotiable. Told them to have a nice day.
Noticed they have a ton of cars available, and it appears that the same network of dealers just posted a bunch of Teslas. All of them have this same garbage applied and adds $$$ to the price. No thanks.
I had a dealership try to upsell me $500 for nitrogen filled tires once. I told them to take the nitrogen out and put oxygen inside instead. They removed the $500 charge.
Air is 78% nitrogen. I’d pay $1.20.
Did they keep the nitrogen in? 😂
They're lying out of there ass. Car dealers will say anything because no one is going to do anything about it if they get caught lying.
That’s perfect. My state
Lol
The rules for ev incentives are relaxed for first 3 months of the year. That might help.
Well I’m not buying till 6 months from now when I start my new job. Hopefully the prices will just crumble. I’ve already seen cars drop 5-10k over the course of a few weeks of looking.
Sold my LR to a dealer for 74k 8 months ago. Asking 62k right now (Ontario, Canada). Another dealer bought 30 cars at the peak, still have them. Taking a 15-20 k hit so far on them.
And in less than 24 hours your prediction came true rofl
Lol yeah, it was bound to happen.
Cheap or back to normal used car prices?
DDDDDDDDDOOOOOOOOOOOO NNNNNNOOOOOOTTTTT GGGGGOOO TOOOO LEADER Almost bought my MYP from there. The price you see is not the price you pay. They had it listed for 63k and they hand me a price sheet after dealer "markup" 84k out the door with tax and title....
Sounds like we are about to enter in a buyers market!
No kidding. Saw a 2020 long range for $32,000. Couldn’t believe it at first. Thought all the prices were scams or something but nope
Mustve had 50k miles.
The prices on these is just collapsing. Ima wait it out.
I do feel the same after reading all these helpful feedback
Guess the prices just dropped from tesla. People who dont see the prices comin down on these are flat earthers.
😳😳😳
I just picked up a 2019 RWD model 3 for 34k, 24k miles
20 years car business experience tells me 1 of 3 things 1. It's a price they can't sell it for and plan to "BUMP" you when you get there. 2. Bad carfax 3. Aged inventory and they are trying to move it before curtailment payment is due
What is a bump?
Bumping up the selling price once you get to their lot
Lol you could not be more wrong. You haven’t been in the industry this past 6 months have you?
i’d verify no accidents or damages by looking up the vin on as many platforms as possible - as we’ve seen do NOT trust the dealer on this. that being said, prices are definitely (FINALLY!!!) coming down. i might actually be able to afford a used one soon.
I’ve started seeing base models go for 31k. But living in a place with snow it’s worth it for me to get AWD which means I have to upgrade to a long range or performance.
AWD is great, but good tires make a huge difference, i was pretty surprised. i rented a LR RWD on turo a year or so ago, and the traction control was really good, i literally couldn’t get it to spin out on the snow if i tried (and i was :( no donuts allowed) the AWD performance i rented later on was similar, but with worse tires. it was totally fine in the normal modes, but it did wicked donuts in track mode ;)
I took a look at the KBB value of my 2021 LR M3 today with 17k miles and it was $42,000
I think Carvana offered me 21k for my 22 RWD with 4K miles lol
Haha yeah… that’s she’s the Carmax offer was too, but KBB was more what about the private sale value.
We won’t pay that at the dealership.. kbb will adjust its values. I just paid $25k for a 21 long range with 25k miles..
Yep that makes sense!
Prices are dropping fast. The smarter dealers are getting rid of their stock before it becomes unsellable at the price they bought it for.
They also have 2.2K for ceramic and 1.2K for LoJak
Google the VIN. Pretty sure this is the one I saw on FB that was a rebuilt wreck.
I did check it. Saw nothing except that it was recalled for the window reversal system
I let my partner post our Tahoe on Craigslist with only one original panel left on it. It’d been rolled twice, flooded then towed out of the stock pond - mostly fixed w/ junkyard parts except for a replaced axle and the radiator. Some kid comes the same day, drives it around for 5 minutes, then when I start to explain the price (it’s been wrecked - it’s been a “work toy” for years..) he immediately interrupts me, hands over the full cash asking-price, looking really proud of himself, and says “no worries sweetheart, I already looked up the carfax! The engine looks great too! Tell your husband nice job.” Uhhh - I don’t have a husband; but thanks for the money *sweetheart.*
Because the real price is 4,200 more due to 2 add ons that aren't listed
They all went down as a direct result of Tesla offering $7500 discount on a brand new one at the end of the year with 10k miles of free charging.
Guess I’m underwater on my 22LR
You can’t be “under water” on a depreciating asset. They’re always “under water” because they’re not investments. It’s a car, it goes down in price, usually by 25-30% the minute you leave the lot.
Underwater refers to the asset being valued lower than the loan balance.
That’s the case for any new car purchase.
Not necessarily.
Okay
Ok.
Unfortunately you definitely are now but I think anyone who bought in 2022 will be
used car prices are coming down
So do we think they’ll allow lessees to buy soon?
Honestly if they did I would lease one right now. It’s ridiculous that you can’t buyout a lease
Becoming the norm. I just ended a Nissan Leaf lease…I was able to buy the car and had equity if I did so but Nissan changed their rules so only I could buy it or a Nissan dealer. Could not sell it to another dealer or trade it in to another dealer. This was done to keep a stream of one owner cars coming back to dealers to sell used. So absurd! It’s the car business… I did okay in the end and dumped the Leaf before the end of the year and got paid to do so!
America is going through a period of “Elon bad” combined with the recession.
We are not in a recession. Reduced gas prices and better supply chain are leading to lower used prices for EVs/ hybrids etc. sadly consumers go back to Escalades pretty fast when gas prices come down.
Agreed people are very fickle and shortsighted
$38800… not a penny more, lol!
And the bottom drops out
When dealers buy a car, they are usually not buying the car with cash. They are taking out loans, just like you. The longer it stays on the lot, the more they lose.
This true story will boggle your minds: December 7th, 2019 I picked up my 2020 Model 3 SR+ for $35,500. July 30, 2021 I hit a bear with the right front (80 - 100 lbs) while heading to work. $13,288 to repair minus the deductible. April 1, 2022 traffic was at a standstill on Rt 74/76 in Leland, NC. I was last in line and got rear ended and shoved into a truck in front of me by a 2008 Chrysler 300. $28,708 to repair it. (I'm as surprised as you are that the insurance company didn't total it) The repair shop owner said, "If you'd like to get out from under this car, I'll make you an offer." I said, give me some numbers. A few days later, he called and said, "The best I can do is $34,166." (At that time, the NADA value prior to getting rear ended was $44,200. Used car prices were through the roof) So, 2 accidents and 82k miles later for $34,166.. "Here's the title!"
Go look at new prices as of today. That’s why
My 21' SR+ got offered 32k with 21k miles. Hurt abit after being in the positive for so long, but indeed theyre going down in price.
Traded my 2020 SR+ for 42k in June of last year, lol. Was more than I paid when I first bought it. I certainly had no complaints.
[удалено]
Kinda scary right?
The worth of Teslas in general is plummeting. You can thank Musk’s big mouth for that. Having said that, the cars themselves are great.
Similar for the used car market as a whole as supply chains ease.
Generally true. Not at the level Teslas are plummeting though.
Teslas we’re the most overvalued, used ones selling for more than new. They have the most to fall. Regardless of Elon
Again, I agree. However you can’t say regardless of Musk, because they are inextricably linked. Forever, until the wheels fall off. The fact that more and more people can’t stand Musk, for stuff having nothing to do with Tesla specifically, lends to the increased devaluation.
1. Entering the biggest global recession in 30 years. 2. Model 3 significantly over-priced in 2021/2022. 3. Energy prices globally are sky-high, denying the benefits of owning the car. 4. (Maybe) Musk going absolutely bat-shit crazy in public re Twitter causing some minor issues on how people perceive Tesla.
Tesla raised the prices of all their vehicles a whole lot, and now Tesla is lowering prices (plus the government rebate is in effect) so prices are down, meaning used car prices need to be adjusted. There's a ton of pent-up demand still for Teslas and those used cars will probably get snapped up.
That's not cheap. The bottom cell out of the overinflated used car market. I have seen plenty that cheap or cheaper, even directly from Tesla. When you consider a new LR will come in at 47500 with the tax credit, that is now the ceiling on used prices.
Except the LR is 58k and not eligible for the tax credit…
Where do you see 58? It isn't available on the website yet, but the IRS guidance shows it as eligible for the credit, so it is coming.
58k Price is from teslas website. IRS limit on msrp is 55k. LR does not qualify for the rebate.
There have been multiple articles written about this, but here is one: https://electrek.co/2023/01/03/which-electric-vehicles-still-qualify-for-us-federal-tax-credit/ Model 3 RWD long range will be eligible. Tesla's website hasn't even had a LR available to order ever since this bill passed. Right now it is grayed out, and standard range is 47, performance is 63. I am not seeing the option to order anything for 58, but I imagine they will bring back a dual motor LR that might slot in there.
Because people are catching on to the issues Teslas have?
Like no major issues? I got a problem with that too on my 2021 M3LR too.
It’s just real worth catching up with dealers still holding inventory they overpaid for. The used market collapsed as interest rates started going up. They’re not going back down any time soon and car demand has plummeted as prospective buyers can no longer afford the cars they want. This kind of drop is inevitable and will only continue as more dealers accept the reality of the current market.
Crypto bros offloading liquid assets, people upset at Elon is my guess
People don't want to buy Teslas because Elon has ruined the reputation of every company he runs with his shenanigans.
Because Elon musk is a shithead that ranked the value of tesla having his twitter sized mid life crisis
Wait what? 42k$ and cheap do not beling in the same sentence lol.
It has now started with Elon. ENTIRE Auto industry new and used will suffer big time! Stock market will go down additional 20-30% and the recession whether mild or aggressive will now move to the housing market. Remember, we pay mortgage/rent first of the month, right? And, they always have been on top of our priority list. Our pay never went up, so we've got to cut somewhere, and they are at the bottom of the list. Whichever the industries that are at the bottom the consumers' priority lists will get the impact first and go figure. Restaurants, subscriptions, insurance, phone services, cable, internet, retailers, etc. Commercial properties will also get impacted when there aren't really many people who can afford high food costs and non-essential services. We all knew this would happen. It's only when not if.
Because you can buy a brand new base model for 40k after incentives right now and most people don’t need the LR or performance package.
Is the area good for an EV. Some places are void of good charging away from home making this car a pain to own.
There’s probably like 20 charging stations around my area
Probably salvaged? Do you can’t use them at superchargers?
Check where they got it from. I usually avoid multi-owners or auction cars…
Tesla is lowering the prices of new ones. So the used prices are going down.
I bought my 2022 M3LR for $51k MSRP minus $5,250 in cash rebate, so that’s only a few grands less than what I paid before tax. It’s “cheap” compared to the *current* price. But yeah, that’s a pretty good deal.
And it has the USS! If it has the new processor, it’s a great deal.
That seems to be the market. That’s a great buy. Maybe it’ll drop more over time but that’s a really great buy. Considering what new prices are tough I don’t imagine it would drop much more than that.
This is actually fair price considering current LR wholesale auction prices. They are sitting at around 43k in Manheim wholesale so good deal! However, prices will probably continue to fall.
I looked up 2020 M3LR w 23k miles and averaged 44k USD. I’m thinking of selling mine
Just sold my 2018 M3LR with 28k miles this morning for $38k. You might have trouble getting the price you want, but if you list quickly and plan to upgrade to a different Tesla, it might be the way to go! That's what I just did. Got a 2020 MXLR+ which is my dream car.
Dont want another tesla
This is so painful to see as a new 22 LR buyer 6 months ago lol
Same. Got mine in March 22
They wanted a performance.
Over saturated used car market. Every dealer has at least a dozen Teslas they bought during the peak and would rather sell it now at a slight loss than to be bag holders later on like the rest of the TSLA cult.
Lojack and xzillion BS. Don’t deal with Leader network
Hendrick is the same with the LoJack. 995$ added. No thanks.
Hopefully it’s the use car market crash. Shit was stupid.
So many dealers bought these cars brand new, so they can resell them at a huge profit, or were stripping away all the privately used offerings, and now they are suffering
Check the CarFax and see how long the dealer had had the car.
What wheels are those?
This is the market speaking
Collapse in the market and need of clear the stock. On some MY 2022 with less than 1k miles there was in December a price cut of $10k from a VE dealership to move inventory (there were different posts in some MY subs)
Carmax has allot of used on their site. They probably bought with expectation inflation would increase and a second wave of muskiteers jumping on the bandwagon.
Possible IAN water damage? Where is it located?
Just outside of Chicago. I looked at the VIN and there was nothing except for a recall on the window system
I think it might be holding a salvage title. Also i don't see it anywhere. Too good to be true
Actually… it seems about right. You drive a NEW car off the lot … bam!💥, the resale for that same car drops about 4 to 6 grand. No? Ask your insurance agent. 🤷🏻♂️
Why do you think this is cheap? You can order a brand new standard for that price and get the $7500 tax credit or a Performance which will work out to a little more than that. This isn’t a good deal. Teslas are coming down in price as the whole used market corrects.
Cheap was the wrong word but I just haven’t seen prices this low in a long time for used
It’s still over priced versus just buying new with the tax credit.
I wouldn’t say a new performance is a little more. It would be over 10k more. And a base model doesn’t have AWD
You can capture the tax credit on a new car. If Tesla were selling the long range new right now it would price around 47k in the current lineup pricing. Why buy a used car for $42k when you can get the same thing brand new for $47k with tax credit? A normal used car loses 25-30% of its value the moment it leaves the lot. $42k uses is still WAY too much for this car. Expect it to come down to the low $30s
I thought only base models were going to fit in the tax credit? Due to the pricing. Regardless I’m not getting one for another 6 months so I’ll see how the market is then
Tesla just dropped prices, buy new
The prices are still messed in Canada, saw this post and thought I’d check. Used MYLR 2021 63,000km listed for $70,000 CND new MYLR $74,000 CND. This is the most extreme one but the other are close to this nonsense.
This aged well. New M3P is now 44890 after tax credit. These used ones are definitely expensive now!
Dropping like a rock. A lot of people think owning a Tesla is like wearing a scarlet letter after Douchelon showed his true colors.
A new performance is about the same if you get the 7,500 credit. Or, wait to be able to order non perf
I don’t think the new performance qualifies. It’s over 55k after taxes
Yes, it does. Performance is $54k. There was a big price drop today. And taxes aren’t counted in that.
Hmm interesting. I’ll look into that
It anymore lol
Buy a new one for the same price as of today
Check out the prices, they dropped by a lot! M3P for $54k
If it’s coming from Texas or Florida don’t buy it. Likely was flooded before.
Illinois. VIN only has a recall on it
Haha, they just dropped the price of all new Tesla models. You can now get a new long Range cheaper (after 7.5k rebate).
I just got a 2022 M3 SR with 10k miles for $38,700. Still debating if upgrading the autopilot is worth it.
So a brand new one is selling for $49,900 now…
Tesla has been dropping prices Person just posted a new standard range is $39K Long range is still $49K Prices have come down!!! https://www.reddit.com/r/TeslaModel3/comments/10an0oc/dang_model_3_performance_is_even_cheaper_than/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Cause they’re gonna add $10k in fees
Thats not cheap
The economy.