A Cybertruck discount

[Trbizwiz]

Everyone over paid for everything from 2020 to 2022. It’s unfortunate that some of us over paid for our teslas. But inflation and huge demand are hardly Tesla’s fault. Now inflation is coming down, and Tesla prices are following. The Toyota I traded for my Tesla, was 5 years old and 60,000 miles. I got my full purchase price back. Had I bought a cheaper Tesla today, I’d pay higher interest, and have half the down payment. I’m guessing most that over paid, aren’t considering their inflated trade value and low interest at the time. But it counts.
I’m hopeful FSD bails us out, if we’re patient. I’m planning on keeping each of my Teslas and putting them in the robo fleet. They all run hardware 3, and we all saw what that can already do. I think they’re close, and so does JP Morgan.

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[PilotPete]

I can't wait until the world gets off ICE vehicles and the price of oil collapses and we stop sending all our money to the middle east and support for dictatorships and repressive regimes IE Russia, Iran, Venezuela and Saudi Arabia.

The US has had more than a couple opportunities to stop the flow of cash to the middle east. And a couple of them would have made a lot of people in the midwest pretty well off financially. But when it came time to do it, we didn't, for whatever reason. I'm afraid if I really knew, I wouldn't like the reason.

Unfortunately, the world won't stop shipping money over there anytime in our lifetimes. (even if you're just 20). It will take too long to make the complete conversion.

I got a job offer about 10 years ago. I could go over there and work for 4 years and then I could retire. It was that much money. As tempting as it was, I couldn't do it.

 

[Diehard]

Wondering what a gold plated wrap my cost me?

this is first google hit:
https://www.quora.com/How-much-does-it-cost-to-gold-plate-a-whole-sedan-car?share=1

one dude say $4K for gold + labor

 

[Gurule92]

Everyone over paid for everything from 2020 to 2022. It’s unfortunate that some of us over paid for our teslas. But inflation and huge demand are hardly Tesla’s fault. Now inflation is coming down, and Tesla prices are following. The Toyota I traded for my Tesla, was 5 years old and 60,000 miles. I got my full purchase price back. Had I bought a cheaper Tesla today, I’d pay higher interest, and have half the down payment. I’m guessing most that over paid, aren’t considering their inflated trade value and low interest at the time. But it counts.
I’m hopeful FSD bails us out, if we’re patient. I’m planning on keeping each of my Teslas and putting them in the robo fleet. They all run hardware 3, and we all saw what that can already do. I think they’re close, and so does JP Morgan.

Idk. My 21 MYP felt like a steal. Especially with my 1.25% apr

 

[chonnertruk]

I think all of us who bought a new plaid and paid $130k to $140k for a new plaid and woke up to the used market selling them for $85k should get a Cybertruck discount. ? I was quite surprised how quickly my plaid depreciated. It is a heck of a car and the die-hard Tesla fans are the ones who bought it. Tesla is going to have to help maintain the value of the Cybertruck or it will be a mess and destroy customer support if it drops like a rock in value.

Agree that a >45% depreciation is stressful, but even more curious as to why the market would respond this way?? Is it based on current Economic conditions? Does a Plaid need to evolve to collector status?

 

[cvalue13]

Just an anecdotal little quip, but indicative of what we’ve been discussing

 

[HaulingAss]

My wIfe liked our 2013 P85+ better than the plaid. It had a sunroof, color coordinated interior and several options. I sold it to a friend who has upgraded the computer and screen and replaced the battery. It obviously is not as fast as a plaid, but it looks extremely nice.

"Looks" is a superficial quality and won't get you very far.

It's pretty shocking to me that you are favorably comparing a 2013 Model S to a 2022 Model S. There is no comparison, Tesla has massively improved the car over the intervening 9 years, even if we completely ignore the additional acceleration. And you are the only person I know who thinks the original styling looks better than the refreshed models, and particularly the Plaid.

In any case, appearances are only skin deep. I learned that with my second girlfriend over 40 years ago.

 

[rudedawg78]

Just an anecdotal little quip, but indicative of what we’ve been discussing

Cool, a few steps closer to getting my CT.

 

[cvalue13]

Cool, a few steps closer to getting my CT.

tor those of us not relying on trade-in value of our Teslas, it would tend to be an inertia in our favor

 

[PilotPete]

Just an anecdotal little quip, but indicative of what we’ve been discussing

That's kinda funny really. When has ANYONE EVER gotten a good trade in deal from a dealer/OEM? "That's it! I bought my MB E350 a year ago and only got 1/2 from the dealer for a trade in! I'm never buying another Mercedes" Said no one ever.

 

[cvalue13]

That's kinda funny really. When has ANYONE EVER gotten a good trade in deal from a dealer/OEM? "That's it! I bought my MB E350 a year ago and only got 1/2 from the dealer for a trade in! I'm never buying another Mercedes" Said no one ever.

I mean, I think a lot of people have historically from Tesla.

And I certainly have, historically, from non-Tesla vehicles. Because I tend to buy based on historical and expected depreciation of a given model.

My last F150 was driven for 3 years, and trade-in received was $5K less than entry price - or ~$138/mo "lease" equivalent.

Obviously, there are plenty of makes/models out there for which depreciation off the lot is material - such as the MB E350 you cite.

But there are exceptions to that, and historically many Tesla's have been among them.

 

[Coolbreeze704]

I mean, I think a lot of people have historically from Tesla.

And I certainly have, historically, from non-Tesla vehicles. Because I tend to buy based on historical and expected depreciation of a given model.

My last F150 was driven for 3 years, and trade-in received was $5K less than entry price - or ~$138/mo "lease" equivalent.

Obviously, there are plenty of makes/models out there for which depreciation off the lot is material - such as the MB E350 you cite.

But there are exceptions to that, and historically many Tesla's have been among them.

5k less is amazing. Was that trade in during the pandemic when used car prices were hyper inflated?

I rushed into CarMax in May of 2022 to hand over my wife's 2019 Jetta SEL that appreciated over the 3 years and 40k miles we had on it. That was a once in a lifetime opportunity that aligned with her purchase of her MY which also timed out well since we were able to get a 2.99 loan just before Jerome P decided to slow this overheated economy down.

 

[cvalue13]

5k less is amazing. Was that trade in during the pandemic when used car prices were hyper inflated?

Yes, which is why a Platinum F150 could get that sort of return.

But even prior to the bubble, there were strategic choices to be made in terms of make/model to help increase the likelihood of minimized depreciation.

Certain configurations of Raptors, Jeep Wranglers, etc., if bought right, could be sold right.

And I'm not suggesting anything more or less interesting than that the historical expectation of certain Tesla model depreciation has obviously been significantly adjusted over just the past several months.

 

[PilotPete]

And I'm not suggesting anything more or less interesting than that the historical expectation of certain Tesla model depreciation has obviously been significantly adjusted over just the past several months.

And I think that historically, BEVs have taken a huge hit in resale. My best guess, based on the trash that gets presented, is the uncertainty of battery life. As we see more of the high mileage BEVs (mostly Teslas) I think we will see the slow increase of residual values.

 

[charliemagpie]

There is talk of million mile batteries, and at the same time low resale values.

One angle is the manufacturing industry will settle, a long life battery will help maintain a stable 2nd hand market.

But FSD will revolutionize transport, in the least, fewer households will buy a 2nd car, demand for new or old cars will be on a downward curve.

Big changes ahead. Maybe we are just starting to sense it now. I just don't know if we should expect future resale expectations to follow the past.

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