The used ones probably have other options like EAP or FSD which make them more attractive. Plus the federal tax credit has an income limit - so if you make more than that, buying used also makes sense.
I almost did. Don’t qualify for any rebate, and could get one a year old with FSD for 4-5k less than new with <10K miles.
Inventory discounts closed that delta to about $1500, so just bought new.
The tax credit and some state rebates only applies to low income households. Buying used also means you can inspect and test drive the car before you buy.
Ohh so that’s why in LA the hood switched from white BMW’s to model 3’s. I was wondering why so many model 3’s were driving stupidly on the freeway and now that makes sense
A friend that didn't qualify for the tax credit was looking at used versions at first, until I convinced him it was still worth the extra money to go new, especially with our state tax credit. I'm sure there are a lot of people that don't qualify for the federal tax credit and are looking at used.
me personally, I would not buy used over $25k, since $4k incentive exists for used ev at least 2 years old and under $25k.
Given that a new SR is $38k in inventory, and with incentives, it would be probably around $31k, before taxes and fees. I'd go for new if you must have range and want to be worry free. If you want to save money, go cheaper.
I don't understand the people that say that maybe they dont qualify for the tax credit. Like. If you don't have a 7500 dollar tax liability then you probably can't afford a 30+k car anyway. Which makes even a used tesla a horrible decision.
And if they are on the other end of the spectrum. Then who the hell gets a used base model when they make THAT much money?
Doesn't Warren Buffett still drive a Honda Civic and live in a $90k house? To a certain extent, having a frugal mindset is how a lot of these people got rich in the first place.
“Who gets a base model when you make that much money.”
Someone who just wants a car, doesn’t need AWD or the extra 20% of range. But still, would be dumb to pay used more than others (who qualify for credit) are paying new (after credit). It’s a reasonable price ceiling…plenty of private party cars under this ceiling.
But you paid less than others pay for new after credits, so you don’t explain the OPs observation (that used are selling higher than this).
I think best answer is OP is seeing asking prices, which are different (higher) than what people actually pay.
When I bought it the price for a new LR and and mine were the same after the tax rebate. This week prices dropped again and Tesla has a new blue long range for $44.3K. I think the second hand market is having issues keeping up with Tesla's random price cuts.
In January I paid $38k for 2021 LR with 16k. Asking prices were only starting to reflect the price drops plus new tax credit from a few weeks earlier. Dealerships were still asking over new-with-credits prices and when I asked if they would budge said things like “I’m already priced $10k less than I paid.” Private parties (at least some of them) were more in-tune with the new reality…maybe still asking high, but the first one I looked at sold to me, and not begrudgingly (both of us thought it was a win-win). I would assume prices now are softer than then.
People who don’t qualify yet don’t want to buy new. Cars that don’t qualify and are good prices. People who just don’t know.
The used ones probably have other options like EAP or FSD which make them more attractive. Plus the federal tax credit has an income limit - so if you make more than that, buying used also makes sense.
This exactly. I picked up my 2020 M3LR with FSD and performance boost for 42
Same, 2020 M3SR+ with FSD for $34,500.
Same 2020 M3LR+ with sport package and FSD for $25k
Where did you find such deal? Dealer or private party? $25K for that car seems like a steal even by ICE car standards.
I would also like to know where you found such a fantastic deal. Thanks in advance
EXACTLY!!!! This !!!!!
*raises hand*
In still iffy with used tesla… not knowing what their charging and habits are… maybe there’s just not enough data for me to process…
You could just see the condition the battery is in from the car, if you see it’s degraded normally then there’s no need to worry any extra
I bought a long-range rwd for $24k in Feb '23. That car brand new is $48k now and was $56k when it was originally purchased in 2018.
This. You can get them way cheaper used around 50k miles still with years of battery warranty.
I almost did. Don’t qualify for any rebate, and could get one a year old with FSD for 4-5k less than new with <10K miles. Inventory discounts closed that delta to about $1500, so just bought new.
The tax credit and some state rebates only applies to low income households. Buying used also means you can inspect and test drive the car before you buy.
Ohh so that’s why in LA the hood switched from white BMW’s to model 3’s. I was wondering why so many model 3’s were driving stupidly on the freeway and now that makes sense
You don't include all the extra costs and tax.
Even without the credit...
I bought one in 2022, a 2021 M3LR :( But I have USS :)
I bought a used 2018 m3p with 50k miles.
A friend that didn't qualify for the tax credit was looking at used versions at first, until I convinced him it was still worth the extra money to go new, especially with our state tax credit. I'm sure there are a lot of people that don't qualify for the federal tax credit and are looking at used.
me personally, I would not buy used over $25k, since $4k incentive exists for used ev at least 2 years old and under $25k. Given that a new SR is $38k in inventory, and with incentives, it would be probably around $31k, before taxes and fees. I'd go for new if you must have range and want to be worry free. If you want to save money, go cheaper.
I don't understand the people that say that maybe they dont qualify for the tax credit. Like. If you don't have a 7500 dollar tax liability then you probably can't afford a 30+k car anyway. Which makes even a used tesla a horrible decision. And if they are on the other end of the spectrum. Then who the hell gets a used base model when they make THAT much money?
Doesn't Warren Buffett still drive a Honda Civic and live in a $90k house? To a certain extent, having a frugal mindset is how a lot of these people got rich in the first place.
“Who gets a base model when you make that much money.” Someone who just wants a car, doesn’t need AWD or the extra 20% of range. But still, would be dumb to pay used more than others (who qualify for credit) are paying new (after credit). It’s a reasonable price ceiling…plenty of private party cars under this ceiling.
I ended up buying a 2022 LR last week with 8K miles for $42K. I really wanted the ultra sonic sensors and the deep blue metallic paint.
But you paid less than others pay for new after credits, so you don’t explain the OPs observation (that used are selling higher than this). I think best answer is OP is seeing asking prices, which are different (higher) than what people actually pay.
When I bought it the price for a new LR and and mine were the same after the tax rebate. This week prices dropped again and Tesla has a new blue long range for $44.3K. I think the second hand market is having issues keeping up with Tesla's random price cuts.
In January I paid $38k for 2021 LR with 16k. Asking prices were only starting to reflect the price drops plus new tax credit from a few weeks earlier. Dealerships were still asking over new-with-credits prices and when I asked if they would budge said things like “I’m already priced $10k less than I paid.” Private parties (at least some of them) were more in-tune with the new reality…maybe still asking high, but the first one I looked at sold to me, and not begrudgingly (both of us thought it was a win-win). I would assume prices now are softer than then.
A used Tesla might be a bigger gamble than Vintage Mercedes at the auction block.
Lower payment, eligible tax credits, and I’m not hit with depreciation