Prices on certified pre-owned Tesla Model S models appear to be continuing to drop, judging by the offerings currently on the company’s website. Looking at it right now there are a total of 8 Model Ss selling for under $50,000 — including a number of 85s with under 50,000 miles.
The cheapest up currently is a 2013 Model S 60 with around 36,000 miles, selling for $47,000. Notably, there are two 2013 85s selling for under $50,000.
Above $50,000, there are many tens of units selling for just $1,000 to $2,000 more — nearly all of which are 2013s, with a few 2012s and 2014s mixed in as well. Once you get into the higher price ranges the units tend more towards being 2014s, with larger battery-packs, and in possession of very low mileage (presumably higher trim as well).
Interesting price ranges. Considering that the new Tesla Model S 60 is itself not all that expensive (by Tesla’s standards anyways), and the fact that the new 60s are actually outfitted with 75 kilowatt-hour (kWh) battery packs which allow for faster charging and reduced wear (being software limited to 60 kWh, rather than actually that size), it’s hard to tell if going with one of the pre-owned units makes more sense.
It should be remembered that the warranties are different, making the new Model S 60 even more attractive as compared to the used units.
So what’s the takeaway from those rather low prices? Is the company lowering them to try to stimulate sales? Any thoughts on the matter?
That’s a definite advantage of the direct sales model that Tesla is using they get to set the prices wherever they want with no downward pressure from dealers trying to move inventory I think the prices are artificially High personally and having only a few handfuls of cpo units available Nationwide is really not that many. Not complaining mind you it’s great for Tesla but once the units for sub 50k they get snapped up pretty quick
If you think they had deals on CPOs, you should read this thread re. (massively) discounted P90D(L). There was limited supply and it was all over in about a week for the really really really good deals. The thread has all the details re. the math behind the numbers….my payments on a 2yr lease are about 1/3 (yes, one third) of what they would be if I leased a brand new car today with the exact same options. https://teslamotorsclub.com/tmc/threads/snagged-a-p90d-inventory-car-for-700-mnth-on-the-new-24-month-lease.75855/
As Tesla make more cars each year, it’s not surprising that residuals will drop. Especially since Tesla stated they will stop the guaranteed trade in value on used vehicles going forward.
Couple that with the recent leaked email pushing for every saving and delivery possible to push for profitability this quarter. Small profits or break even is cash in the bank and not in inventory.
Come on! The average car loses 40% of its market price in three years. Shouldn’t these prices be even lower? (Unless of course you’re in Canada and three year old Teslas have depreciated much less because the C$ has dropped 30% since they first went on sale. i.e. Back in 2013 Teslas started at abou C$70k = US$70k, but that CPO at US$50k is C$65k… ugh.
Supply and Demand my friend, unfortunately, Tesla cannot keep up with orders…therefore CPO cars will cost more; and still sell quickly…
Model III or nothing for me at the moment. Besides, Tokyo’s streets do not lend themselves to the Model X/S’ girth…
Ha! True enough. Once the Model 3 delivers in volume, Model S cars will drop more, and maybe a lot more, like BMW 5 series drop faster than their 3s (or whatever the heck numbers apply now :-))