Used Teslas

[Anonymous]

We are on our third X, and I want nothing to do with it. We actually went out and bought another car and basically have the X parked in our driveway so we don’t have to take it out. Unfortunately we leased this one and have it until early 2026 and the break fee is more than the sum of the remaining lease payments. While the car is great and has had no issues, I will never touch another one as long as Elon is involved.

[jsteele]

Anonymous wrote:

Anonymous wrote:All electric vehicles are depreciating like stones, taking the industry off guard. Not just Teslas. Lightly used Porsche Taycans can be picked up cheap, and Chevy Equinox EVs can be leased for about the cost of a cell phone plan ($169/mo. in some cases).

is it because more than expected teslas are being dumped onto the market? or has ev suddenly lost its appeal as a viable used car option? what did the industry fail to foresee?

My theory about depreciation of EVs is that it is due to a couple of different factors. One is that technology is improving so quickly that new EVs are significantly better than those that are even a few years old. On top of that, prices have been dropping on new EVs. So a used EV depreciates simply because it's used, then more because new ones are better, then more because new ones are cheaper. In addition to all of those factors, there is huge fear about batteries. Batteries deteriorate over time, but it now seems not as much as everyone thinks. Batteries also benefit from being cared for properly, and buyers may fear the previous owner didn't care for the batter very well. Because batteries are so expensive, fear of a battery that may deteriorate quickly dissuades many perspective buyers.

With all that said, there are some fantastic deals on used EVs now.

[Anonymous]

Anonymous wrote:I saw a Tesla the other day with a bumper sticker that said “I bought it before i knew Elon was crazy.”

If it wasn’t a 2018 or earlier, they’re lying.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:More like they cannot afford them and didn't consider the charging, fixing, or insurance expense.
All people I personally know with Teslas would buy another one and two already did. They have no idea what Musk is doing or saying. If they knew, they would have bought the stock long ago, not the car.
The bought the car for status and have since had to cut down on spending. All work from home, don't drive enough to justify the expense, and two have had periods of unemployment.

What status does it give?

Environmentalist virtue signaling or tech bro

It did, lol. Not anymore. Talk about unintended consequences of technology! Tesla money helped install a president who barely reads and won't help with climate change and will gut the EPA. SCOTUS Justice Gorsuch's mom was also an original EPA destroyer.

[Anonymous]

jsteele wrote:

Anonymous wrote:

Anonymous wrote:All electric vehicles are depreciating like stones, taking the industry off guard. Not just Teslas. Lightly used Porsche Taycans can be picked up cheap, and Chevy Equinox EVs can be leased for about the cost of a cell phone plan ($169/mo. in some cases).

is it because more than expected teslas are being dumped onto the market? or has ev suddenly lost its appeal as a viable used car option? what did the industry fail to foresee?

My theory about depreciation of EVs is that it is due to a couple of different factors. One is that technology is improving so quickly that new EVs are significantly better than those that are even a few years old. On top of that, prices have been dropping on new EVs. So a used EV depreciates simply because it's used, then more because new ones are better, then more because new ones are cheaper. In addition to all of those factors, there is huge fear about batteries. Batteries deteriorate over time, but it now seems not as much as everyone thinks. Batteries also benefit from being cared for properly, and buyers may fear the previous owner didn't care for the batter very well. Because batteries are so expensive, fear of a battery that may deteriorate quickly dissuades many perspective buyers.

With all that said, there are some fantastic deals on used EVs now.

thx. so basically ev market peaked much sooner than auto makers predicted or they over-estimated the potential of the market or perhaps both. if new ones are cheaper then something is very wrong in the ev market/segment. i agree unless/until charging is as easy as pumping gas it's not an even playing field. but that's like a decade away at least.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The people I know who have Teslas over 4 years old complain that they are difficult to repair because you can only go to specific garages and there are waits of several weeks.

I don't own a tesla but my car insurance keeps going up and I'm not getting tickets when I called to ask about it I was told it's directly because of tesla repairs and how long they need rental cars for, so basically everyone else is paying for these people and their teslas.

This is the major issue.

My in-laws bought a very nice model Y for $50K about 9 months ago. They backed into a pillar in their parking garage which ruined a rear quarter panel.

Total cost of repair + rental was over $20K. They had the rental car for seven weeks because their car had to wait in the queue for repairs.

A number of insurers refuse to insure the Cybertruck.

The insurance and repair issues alone makes Teslas a huge money suck. No thanks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The people I know who have Teslas over 4 years old complain that they are difficult to repair because you can only go to specific garages and there are waits of several weeks.

I don't own a tesla but my car insurance keeps going up and I'm not getting tickets when I called to ask about it I was told it's directly because of tesla repairs and how long they need rental cars for, so basically everyone else is paying for these people and their teslas.

This is the major issue.

My in-laws bought a very nice model Y for $50K about 9 months ago. They backed into a pillar in their parking garage which ruined a rear quarter panel.

Total cost of repair + rental was over $20K. They had the rental car for seven weeks because their car had to wait in the queue for repairs.

A number of insurers refuse to insure the Cybertruck.

The insurance and repair issues alone makes Teslas a huge money suck.
No thanks.

$20K for repairs?!?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The people I know who have Teslas over 4 years old complain that they are difficult to repair because you can only go to specific garages and there are waits of several weeks.

I don't own a tesla but my car insurance keeps going up and I'm not getting tickets when I called to ask about it I was told it's directly because of tesla repairs and how long they need rental cars for, so basically everyone else is paying for these people and their teslas.

This is the major issue.

My in-laws bought a very nice model Y for $50K about 9 months ago. They backed into a pillar in their parking garage which ruined a rear quarter panel.

Total cost of repair + rental was over $20K. They had the rental car for seven weeks because their car had to wait in the queue for repairs.

A number of insurers refuse to insure the Cybertruck.

The insurance and repair issues alone makes Teslas a huge money suck.
No thanks.

$20K for repairs?!?

Yup. They had an uncommon color and some sensors had to be replaced. A rental car for seven weeks is easily a couple grand.

[Anonymous]

I have one, bought in 2021. I love it, it’s a great car. Would I buy another one right now? No. But, it’s a great car, and I’m happy I have it.

Not everyone can afford to ditch a perfectly good , expensive car that is honestly an amazing vehicle. Just for political reasons. Sorry.

And I’m as liberal as they come.

[Anonymous]

Anonymous wrote:We are on our third X, and I want nothing to do with it. We actually went out and bought another car and basically have the X parked in our driveway so we don’t have to take it out. Unfortunately we leased this one and have it until early 2026 and the break fee is more than the sum of the remaining lease payments. While the car is great and has had no issues, I will never touch another one as long as Elon is involved.

Is it because of the car or because you made a elon

[Anonymous]

Anonymous wrote:Is there going to be a flood of used Teslas hitting the market as those who previously purchased them no longer wish to be associated with Musk?

My sister just sold hers. All her liberal friends are returning their leases when they end, or getting rid of them.

But there are lots of right wingers who will snap them up. Fortunately, Musky won't make any money on the resales.

[Anonymous]

Anonymous wrote:I don’t want a Nazimobile

The g wagon was literally made for Hitler

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is there going to be a flood of used Teslas hitting the market as those who previously purchased them no longer wish to be associated with Musk?

My sister just sold hers. All her liberal friends are returning their leases when they end, or getting rid of them.

But there are lots of right wingers who will snap them up. Fortunately, Musky won't make any money on the resales.

Oh no, it looks like prices have gone up for the x maybe the three are more people not on the left to make up for the lefties losing it

[Anonymous]

Anonymous wrote:I have one, bought in 2021. I love it, it’s a great car. Would I buy another one right now? No. But, it’s a great car, and I’m happy I have it.

Not everyone can afford to ditch a perfectly good , expensive car that is honestly an amazing vehicle. Just for political reasons. Sorry.

And I’m as liberal as they come.

It's also just worse for the environment getting rid of a working car just because. We have a 2018 3 and it's been overall great.

Once it is done though, I am looking at the ioniq

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The people I know who have Teslas over 4 years old complain that they are difficult to repair because you can only go to specific garages and there are waits of several weeks.

I don't own a tesla but my car insurance keeps going up and I'm not getting tickets when I called to ask about it I was told it's directly because of tesla repairs and how long they need rental cars for, so basically everyone else is paying for these people and their teslas.

This is the major issue.

My in-laws bought a very nice model Y for $50K about 9 months ago. They backed into a pillar in their parking garage which ruined a rear quarter panel.

Total cost of repair + rental was over $20K. They had the rental car for seven weeks because their car had to wait in the queue for repairs.

A number of insurers refuse to insure the Cybertruck.

The insurance and repair issues alone makes Teslas a huge money suck.
No thanks.

$20K for repairs?!?

Yup. They had an uncommon color and some sensors had to be replaced. A rental car for seven weeks is easily a couple grand.

I posted earlier about being on our third X. We had one that was hit by a drunk driver while parked in dc. It was all caught on video. I was certain it was totaled but wasn’t. The repairs took five months but my insurance limited our rental to 2 weeks which was annoying.