Resale? In years to come

[Shoeless]

Hi, the only question I didn’t ask you guys about purchasing it outright is; how do you feel the resale value, on a first generation not founder series but first generation CT, will turn out

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[Mini2nut]

Check out the residual value on a Tesla 3-year Cybertruck lease. I think it’s around $55k.

 

[no%X#XMVk65v#cq]

I have always went with the presumption that cybertruck will depreciate like a normal vehicle. It'll be worth about half what you paid for it in 3 years.

 

[Shoeless]

Yes, that’s what I was anticipating. I was just wondering if anyone had a different take on that like oh well since it’s 1st GEN , it might hold its value or something.

 

[no%X#XMVk65v#cq]

Check out the residual value on a Tesla 3-year Cybertruck lease. I think it’s around $55k.

And likely that's an incentivized residual that is higher than anticipated market value. Think of it like 0% financing. That's not the market rate, it's a rate subsidized by the manufacturer.

 

[SCTesla]

Yes, that’s what I was anticipating. I was just wondering if anyone had a different take on that like oh well since it’s 1st GEN , it might hold its value or something.

If anything it will be the opposite due to supply being so prevalent and any new additions Tesla will surely add. There also could be price cuts, financing offers, etc.

If there were no improvements, price cuts, etc. I would expect it to remain the same as normal depreciation. There are a small amount of buyers who wouldn't want it due to being a 1st year product and potentially a small amount who would put value into that, but those would be outliers.

 

[VolklKatana]

Having lost over $30k on my M3 in less than 3 years... And $18k on my MS in the 2 years prior, I'm anticipating losing about 3/4 of original value.

 

[MI2Y4U]

If you bought it as an investment, don’t drive it and store it away. If you bought it because it was unique, drive it and enjoy every smile. Yours and all the people who see it and wish they had bought one. Gee, am I sorry that my father sold his ‘57 Crown Vic in ‘64 because it was falling apart and needed work that was too much for what it was worth then? Enjoy what you have before Putin or The Chinese drop the Big Bomb on US.

 

[RoboTaxi]

Horrible resale value.

 

[Black306]

Hi, the only question I didn’t ask you guys about purchasing it outright is; how do you feel the resale value, on a first generation not founder series but first generation CT, will turn out

Absolutely terrible. Nothing unique about them. I’d expect even the Foundation series will not have a premium compared to an equally spec NF cause too many were made. Take a look at first gen ‘12 Model S Signature; ~$100k car can be picked up for <$20k now.

That’s why I still have both my Model 3s; Tesla resale is so bad. Rather keep and use them than take such a loss. They’re still great cars.

 

[Boo23]

Because it’s more a piece of tech depreciation will probably be steep, I would guess 35% value in three years if Tesla don’t cut the MSRP.

 

[jf64k]

Value of 1st gen CT, especially Foundation Series, will drop like a rock. They will be associated with all of the early problems, recalls, etc. They will also be left behind as Tesla iterates and starts adding features and makes hardware changes to the CT.

Just look what a 2018 M3 (HW2.5) or a 2020 MY (HW3) goes for now, haha!!

Tesla will keep driving the cost to manufacture the CT down and they will start lowering the MSRP, further hitting resale value.

So it goes.

 

[Vagis9780]

Hi, the only question I didn’t ask you guys about purchasing it outright is; how do you feel the resale value, on a first generation not founder series but first generation CT, will turn out

I wonder on Foundation CT, will the life time upgrades (FSD, Premium Connectivity) be transferred to new owner on re-sell? Doubtful

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