CyberBeast Residuals Below MSRP

[Mars doc]

Anyone who thought buying a FS CT was going to be a good longterm investment, resale value wise, wasn't really thinking very smart. Teslas need to be thought of as more a tech product than a legacy automobile. Maybe in 30 years a CT FS with >500 miles and in perfect condition my be with something significant to a collector but I wouldn't count on even that.

I know I could sell it for more now, and probably for a good while, but for personal financials I value my AWD at 50K.

Someone above mentiond they're now holding until non FS starts to pull trigger. If I didn't already have mine, at this time I'd definately be doing the same. That said, no regrets on pulling the trigger myself 3 months ago.

consider 9 powerwalls in there. Residual value of truck is that two powerwalls installed is now $25k. So at $10k each as a backup to a home, that is $95k. Not saying it is worth them all, but to someone it surely is. Compared to home generator, it is quieter and you can drive it to supercharger in town when empty and fill back up and return home with 5 days more home power reserve.

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[Boo23]

Curious to know at what point I was complaining I was merely pointing out that such high depreciation didn’t fit the way I buy cars. There isn’t always an argument!

 

[Boo23]

It's clown talk to imply that there is something wrong with the CEO when he's one of the biggest reasons for Tesla's success. Indeed, we wouldn't even have the Cybertruck without Musk.

And there are no "significant issues" with the Cybertruck worth mentioning. That's clown talk too. It's a solid, reliable tough vehicle. I've purposefully loaded it up, beat it up and generally showed no mercy, and it takes it all in stride. Still drives like the day I bought it. All I've ever done is plug it in. OK, I've washed it with soap and water too and adjusted the tire pressure.

Who cares if the design is polarizing? There isn't a single vehicle on the road today that everyone loves. It's like you are implying the polarizing design will hurt it resale value. If anything, it will set the Cybertruck apart from every other used car or truck on the market. It's probably a net positive.

Too much clown talk.

you couldn’t be more accurate, way too much clown talk!

 

[GFleck]

consider 9 powerwalls in there. Residual value of truck is that two powerwalls installed is now $25k. So at $10k each as a backup to a home, that is $95k. Not saying it is worth them all, but to someone it surely is. Compared to home generator, it is quieter and you can drive it to supercharger in town when empty and fill back up and return home with 5 days more home power reserve.

That's a good value proposition point.

Also makes for an interesting hypothetical discussion on what a wrecked or broken down CT would be worth if it was only cosmetic damage (even if a lot) and damage that made it in undrivable or only minimally drivable,but the battery and charging still worked. Might be some good deals to be had in the future for the right person.

 

[GFleck]

I think you can make the argument that the $20K Foundation Premium, once removed, will cause resale values to take a hit. But we all knew that going in, and the hit won't be 20K because there will be some value for the FSD, the lifetime premium connectivity, the all weather mats, and, of course, the store credit.

I wouldn't be surprised if Cybertruck holds it's value pretty well if it remains production constrained and new prices don't fall too far or too fast. You are free to disagree, just know that you don't have any control over what the depreciation actually turns out to be. It's certainly worth a lot more than $50K on the used market, just look at what you can get for $50K on the used truck market, most of it is a bunch of crappy ICE trucks with major disadvantages, terrible driving dynamics, bad stereos, poor MPG, hard to park in tight spots, no motorized tonneau cover, damage prone soft body panels and fragile paint, and on and on.

I had to charge the battery on my Ford F-150 today so I pulled it off the street into my carport and I felt like I was driving an ancient relic. The steering wheel barely did anything until I spun it around a bunch of times, once it got going it didn't want to stop with that V8 engine pushing the truck forward even though I wasn't stepping on the gas, it was like the torque converter had it's own ideas of what it wanted to do, it didn't feel responsive to what I wanted it to do. It was possessed. It's probably worth about $35K, the Cybertruck is in another world, about 3 times as desirable.

I think you and a couple others are reading more into what I was trying to say than I intended. Maybe I'm not saying it in the best way. I agree with most of what you said there. I could definitely sell mine right now for more than 50K. I'm just saying that out of an abundance of caution, and being very conservative, and so as not to be surprised down the road, that's the number I give it, on paper, for myself when looking at and evaluating my personal finances.

FSD can potentially change everything, and is the wild card, but at this moment I'm just saying I think Teslas in general will depreciate faster than traditional vehicles due to rapid technology advancement, ongoing consistent real time itterative design changes, and fluid pricing adjustments Tesla is known for. And second I'm saying that I do not think the CT FS will have much, if any, additional value as a collectors item or anything like that.

None of that changes how much I love the truck and driving it and think everyone who can afford it should get one ! I don't think I'd do anything different if I had it to do over again. Maybe, and that's a big MAYBE, I'd wait for non FS. But I'm a terribly impatient person generally lol.

 

[HaulingAss]

Curious to know at what point I was complaining I was merely pointing out that such high depreciation didn’t fit the way I buy cars.

Well, you bought a Rivian R1S! ?‍

Did you buy it used? That's a lot easier to do when production exceeds demand, pretty hard to buy a used Cybertruck right now without paying new prices.

That's supply and demand. The more desirable a product, and the harder it is to get, the more it's worth. New cars depreciate, if you don't want to take the depreciation, buy used. They depreciate at a slower rate because the person who bought it new took most of the depreciation hit. But the Cybertruck presents a conundrum for someone who isn't willing to take the normal depreciation, because used ones cost just as much as new ones!

 

[HaulingAss]

I think you and a couple others are reading more into what I was trying to say than I intended. Maybe I'm not saying it in the best way. I agree with most of what you said there. I could definitely sell mine right now for more than 50K. I'm just saying that out of an abundance of caution, and being very conservative, and so as not to be surprised down the road, that's the number I give it, on paper, for myself when looking at and evaluating my personal finances.

FSD can potentially change everything, and is the wild card, but at this moment I'm just saying I think Teslas in general will depreciate faster than traditional vehicles due to rapid technology advancement, ongoing consistent real time itterative design changes, and fluid pricing adjustments Tesla is known for. And second I'm saying that I do not think the CT FS will have much, if any, additional value as a collectors item or anything like that.

None of that changes how much I love the truck and driving it and think everyone who can afford it should get one ! I don't think I'd do anything different if I had it to do over again. Maybe, and that's a big MAYBE, I'd wait for non FS. But I'm a terribly impatient person generally lol.

I'm a very patient person, but I was still willing to pay the early delivery premium because I've managed my finances such that money has become unimportant to me. I didn't buy my first brand new car (or motorcycle) until it was less than 2% of my liquid assets (and I paid cash). Before that it was used cars all the way.

If I was in my 30's when the Cybertruck became available, there is no way I would have paid that premium, I would wait for the prices to come down, for good used examples to hit the market. Because I was building my retirement nest egg and every $10K mattered in a big way. Now, having used good financial discipline for the early part of my life, and invested wisely, I can buy whatever I want, within reason. No Lear Jets (but I don't want one). I only buy new cars for the last 25 years, much easier and I don't care about the depreciation. In my mind, I basically write them off 100% as soon as I buy them. Because I know I'll probably drive them until they are only worth a quarter or a third of their new cost.

 

[GFleck]

I'm a very patient person, but I was still willing to pay the early delivery premium because I've managed my finances such that money has become unimportant to me. I didn't buy my first brand new car (or motorcycle) until it was less than 2% of my liquid assets (and I paid cash). Before that it was used cars all the way.

If I was in my 30's when the Cybertruck became available, there is no way I would have paid that premium, I would wait for the prices to come down, for good used examples to hit the market. Because I was building my retirement nest egg and every $10K mattered in a big way. Now, having used good financial discipline for the early part of my life, and invested wisely, I can buy whatever I want, within reason. No Lear Jets (but I don't want one). I only buy new cars for the last 25 years, much easier and I don't care about the depreciation. In my mind, I basically write them off 100% as soon as I buy them. Because I know I'll probably drive them until they are only worth a quarter or a third of their new cost.

Right on. Good job and good for you... I'm still not seeing where or if we're disagreeing on much or why the reply ?

 

[GuyV]

you couldn’t be more accurate, way too much clown talk!

From Elon. [running and ducking for cover] ???

 

[Boo23]

Because I know I'll probably drive them until they are only worth a quarter or a third of their new cost.

So about six months ?

 

[Beck911]

I pick up my beast this week and im sure a year from now you can get them for 60k used, whatever

 

[Cactusrick]

Looks like CyberBeast can be had used for less than MSRP, the hit will be considerable as soon as FS ends. I don’t buy to flip but cars are a hobby (owned 110+) so I do take residual value seriously. With the end of FS coming up I would suspect used values of lightly used Beasts to be below $100k possibly closer to $90k. I paid my $1,000 in March but I will definitely be putting it on hold when my vin is allocated. Just my Sunday 2 cents.

Proof? Or another rumer?

Anyone who thought buying a FS CT was going to be a good longterm investment, resale value wise, wasn't really thinking very smart. Teslas need to be thought of as more a tech product than a legacy automobile. Maybe in 30 years a CT FS with >500 miles and in perfect condition my be with something significant to a collector but I wouldn't count on even that.

I know I could sell it for more now, and probably for a good while, but for personal financials I value my AWD at 50K.

Someone above mentiond they're now holding until non FS starts to pull trigger. If I didn't already have mine, at this time I'd definately be doing the same. That said, no regrets on pulling the trigger myself 3 months ago.

What's an old first gen Mac book worth? There are breakthroughs in tech.. but only a few of the Originals Survive... the ones that due are worth big bucks....An original CyberBeast will be less than 7500 made... and how many will be left in 10 -20 -40 years? My grandson will know. I won't.

 

[HaulingAss]

Right on. Good job and good for you... I'm still not seeing where or if we're disagreeing on much or why the reply ?

I'm not seeing why you think we are disagreeing. I was merely providing my take on depreciation and purchasing vehicles. I even provided two different situations in which I would look at the purchase depreciation differently (early life when I was in nest egg building mode and later life when I was in retirement mode). There is no one correct way to parse this, it will vary from person to person.

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