Car Max offered $66K for a 2024 dual motor Cybertruck with 14,600 miles

[Mikec3399]

when you use third party resellers as a gauge for car values you will always be undercut, now look at what the price on Car max is selling an AWD for approx. 7-10,000 more than the offer price
use KBB.com and Edmunds for true car vales or, if your city or state is taxing you as personal property tax, like the State of Ct does at 955 of the assessed value, look at your statement and you will get the true value of your AWD in your state. in the City of Waterbury CT i am taxes at a value of $118,000 which is 95% of the assessed value fo my 2024 FS Cyberbeast. never use a third-party reseller estimates or values. it's just common sense. and that is todays lessons for kids.

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[WormtownKris]

Wish FS was not a thing as the idiots keep citing depreciation of 110k truck for 66k, derpy derp

FS also skewed/skews the casual public's assumptions about this truck. There are so many conversations that basically come around to, "That's actually a really cool truck. What do they sell for, about $100k, right?" Or, if they know it's in the $70s, then it's, "They had to drop the price a ton, huh?"
I really think launching at ~$100k/~$120k nerfed a lot of casual interest. "What's that thing?!! Cool!! How much? $119k!! Oh, nevermind!"

 

[HaulingAss]

That’s a very good deal.

Having used FSD and watched it develop, I wouldn't buy a vehicle now that couldn't drive itself. I would regret it every day. So the $66K is not a very good deal if you have to add FSD for $8K it becomes $74K, only $6K cheaper than a new one.

 

[Cyberostachu]

Sometime CarMax are idiots.

Or maybe they just want it on the lot to attract other idiots who buy at Carmax?

I hate Carmax. They cheated me before. I don't trust them.

 

[eswimm]

FS also skewed/skews the casual public's assumptions about this truck. There are so many conversations that basically come around to, "That's actually a really cool truck. What do they sell for, about $100k, right?" Or, if they know it's in the $70s, then it's, "They had to drop the price a ton, huh?"
I really think launching at ~$100k/~$120k nerfed a lot of casual interest. "What's that thing?!! Cool!! How much? $119k!! Oh, nevermind!"

Since I got my AWD FS, the few people I discussed the price with, I always told them it was $80k, but to get it early you had to buy it with an option package that included a ton of extras and a slight mark up. For close to 20 years, I bought and sold high end BMWs through CarMax because if you played the game right you could get highly optioned vehicles at massive reductions from MSRP. M Roadster with full Dinan stage 2 from new, M6 V10 SMG, X5M w/ Dinan tune, X6M w/ Dinan upgrades. All because the wholesale market penalizes highly optioned vehicles. $66k from CarMax is actually a pretty good wholesale offer in my opinion, probably more than Tesla would give me for a trade-in. Of course, I would attempt to salvage anything I could from my original purchase, transfer FSD if possible, keep and/or sell separately the mobile adapter, UWC, powershare, etc. My target on those BMWs was usually 50-60% of original MSRP under 3 years and 30k miles, so still under factory warranty. If I got really lucky, I'd find one that had a CPO warranty good for 6yr/100k miles (back when they still transferred). My 2nd car now is a 2015 BMW i8 that cost me $65k ($148k MSRP, 2yr 16k miles). Tesla's aren't really luxury cars (although I'd argue neither are current BMWs and MBs), but they're priced in the luxury car segment. I've always viewed Tesla depreciation through the same lense as BMW. Even looking at CarMax you can get a Model 3 Performance for about the same price as a BMW 330XI and they had similar stickers new.

EDIT: Perhaps even more importantly, when my registration renewal came through, NC valued my FS AWD at about $72k, so my taxes were inline with real depreciation.

 

[Sjohnson20]

Will Tesla ever offer CTs on Pre-Owned? You think there would be a more healthy supply of buyers willing to buy direct.

yeah wonder what they are doing with trade ins. Seems like they should have some.

 

[Cayden Thompson]

yeah wonder what they are doing with trade ins. Seems like they should have some.

I look everyday. Maybe they are using them as demos or giving them to SpaceX or something?

 

[BlueLightning]

I really think launching at ~$100k/~$120k nerfed a lot of casual interest. "What's that thing?!! Cool!! How much? $119k!! Oh, nevermind!"

Agree %!!!

Nerfed, 1,940,000 of us?!

 

[YDR37]

yeah wonder what they are doing with trade ins. Seems like they should have some.

Tesla started leasing Cybertrucks, for 24 or 36 months, in November 2024, about a year after introduction. So they should eventually start getting lots of CT lease returns, and I suspect that's when the inventory system will start listing pre-owned CTs.

But even if you leased a CT at the first opportunity (late 2024) for the shortest possible period (24 months), the lease would not be up until late 2026. Tesla might not get very many CT lease returns until 2027-2028.

 

[Cayden Thompson]

Tesla started leasing Cybertrucks, for 24 or 36 months, in November 2024, about a year after introduction. So they should eventually start getting lots of CT lease returns, and I suspect that's when the inventory system will start listing pre-owned CTs.

But even if you leased a CT at the first opportunity (late 2024) for the shortest possible period (24 months), the lease would not be up until late 2026. Tesla might not get very many CT lease returns until 2027-2028.

I've been checking daily for pre-owned daily lol.

 

[BlueLightning]

I've been checking daily for pre-owned daily lol.

On Tesla.com / prediction.

Pre Owned Cybertruck $79,990

 

[HaulingAss]

On Tesla.com / prediction.

Pre Owned Cybertruck $79,990

That would only be a reasonable pricing estimate if Tesla resold it with lifetime FSD (and the price to add FSD to a new vehicle had risen to around $10-$15K). When FSD becomes unsupervised it will no longer be available at current prices (subscriptions will rise as well). People tend to forget this when they calculate whether to add FSD or simply assume they can subscribe for only $1200/year.

That said, Tesla is unlikely to advertise a used Cybertruck with FSD (unless perhaps it were a Foundation Edition to avoid confusion).

In any case, Tesla prices used vehicles at whatever price it takes to move them, they do not see themselves as being in the used car business (they wholesale most trade-ins to auto resellers). Legacy auto (through their private dealership networks) have untold thousands of acres of car lots to let inventory sit around, Tesla does not, they have to price inventory, new or used, at current market to keep them moving.

 

[MisterChilidog]

Not sure if you know how depreciation works, but it is a quantitative measurement, not qualitative where you can value things how you want to value them.

The truck was a $100k truck, depreciation is based on this figure.

If you pay more for a paint color, heated seats, etc. in any vehicle, you don't remove those upgrades before calculating depreciation.

The real crazy thing is the depreciation of FSD. There's essentially no value to FSD.

What you're saying isn't wrong, but I think what he's getting at is that buying this same truck new, today, would only cost $80k, and most of the FUD around the resale value of the Cybertruck is that if you buy one, you're going to take a 40%-50% hit, which is clearly not the case.

FS is a very fuzzy picture because that extra $20k isn't JUST for getting an early VIN - there's tangible value to the PowerShare equipment, which doesn't necessarily transfer with the vehicle, so its value would remain with the original owner.

The utter dismissal, on the secondary market, of FSD is most definitely an oversight. Hopefully, as the General Public gradually become more aware of just how capable and useful FSD has become, it'll be valued more in line with what it brings to the table. For now, though, it's obvious you shouldn't expect to get anything out of FSD in terms of resale value - and that's a shame.

 

[Cybertruck2024]

What you're saying isn't wrong, but I think what he's getting at is that buying this same truck new, today, would only cost $80k, and most of the FUD around the resale value of the Cybertruck is that if you buy one, you're going to take a 40%-50% hit, which is clearly not the case.

FS is a very fuzzy picture because that extra $20k isn't JUST for getting an early VIN - there's tangible value to the PowerShare equipment, which doesn't necessarily transfer with the vehicle, so its value would remain with the original owner.

The utter dismissal, on the secondary market, of FSD is most definitely an oversight. Hopefully, as the General Public gradually become more aware of just how capable and useful FSD has become, it'll be valued more in line with what it brings to the table. For now, though, it's obvious you shouldn't expect to get anything out of FSD in terms of resale value - and that's a shame.

I just tried to build the same truck as the FS AWD today.

1) It isn't possible to do, there are certain items you cannot buy, such as badges.
2) The closest approximation that you can build today is $93,490.

The $80k truck everyone is talking about does not match the trim of the 2024 vehicles.

There are some mental gymnastics going on to qualitatively change the depreciation on this truck. I'll save everyone a lot of work. How much did it cost? How much did it sell for? Now you have all the info you need to calculate depreciation.

EDIT: I decided to look at the Cyberbeast for my own curiosity. Cheapest used Beast is available for $87k, if you exclude the $79k one from the search because it is reduced due to a collision. To build the closest approximation of a FS Beast today, it would cost $120k. It's the same price as the FS, but you don't get $4k in backup install credit and the FS bonuses, but you do get lifetime supercharging. This is kind of a wash, depending on what you want more. Beast is depreciating less than AWD, but neither vehicle is far off the typical 30%-32% depreciation of a new vehicle. Beast is a little better than average at 28%, AWD is a little worse at 34% (using quoted offer), but both are about where you'd expect.

 

[Loudness]

The depreciation on Cybertrucks does appear to be exaggerated, I saw this post tonight and decided to check for myself:

So I looked for used Cybertrucks within 200 miles of Atlanta, and the prices are much higher than I expected.

https://www.autotrader.com/cars-for-sale/tesla/cybertruck/atlanta-ga?searchRadius=200

I have no intention of ever selling my FS AWD, so it's kind of meaningless for me, but still interesting.

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