Value of a used Tesla

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On July 1st, Tesla discontinued offering its resale guarantee to buyers that financed through one of Tesla’s lending partners. The resale guarantee gave buyers a certain buyback value (subject to mileage and condition terms) within 36 to 39 months after purchase. The car had to be delivered to Tesla for inspection and free of any encumbrances in order for the owner to “put” the vehicle back to Tesla.


(only when selling to upgrade)

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While the resale guarantee probably boosted the demand for the Model S by providing buyers with piece of mind as to their exposure to depreciation, it also set up a liability for Tesla if the company could not retail the used cars for the amount paid to owners plus the cost of reconditioning and carrying the vehicles until sold. Perhaps Tesla believed that the guarantee value would always be less than the market value of a used Tesla S during the resale window and owners would simply dispose of their vehicles elsewhere thus relieving Tesla of any obligation whatsoever.

But it is more than likely that Tesla terminated its resale guarantee not because it was no longer needed to sell new Teslas but because no automaker can “fix” the value of a used car – something that Tesla will certainly try to do as it long as possible as both the manufacturer and largest single seller of used Teslas.


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For now, it’s really a guess as to what used Teslas are worth. But as more used Teslas come up for sale, more will be sold into private markets or dumped at even lower prices to dealers. And with a greater volume of vehicles coming into a mostly illiquid wholesale market lacking Tesla-brand vehicle dealers, the potential for prices falling below the resale guarantee is obvious.
 
I've seen few used Teslas advertised on Autotrader in GTA by normal car dealers. The price was always in the $90k range. Perhaps the buyback was not offered to Canadians?
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There is only one Tesla I'd be interested in, the D85... I found a used one at $144,000 USD (used mind you), so right now I don't think there is an issue with used prices
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Originally Posted By: ShamusEgg
Originally Posted By: bigt61
Here's a 2013 in Virginia for $45k. Looks decent. http://washingtondc.craigslist.org/nva/cto/5638021187.html
Bitcoin?
Happy 20th user name!

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Great catch Bandito! Time to put that one on my ignore list. I figured he was getting close to the 20 mark.
 
Well, it's a luxury car. The guarantee program only guarantees 50% residual value after 3 years. Plugging around on kbb.com their resale value is in line with this number. So a $100k car in 3 years is worth ~$50k.
 
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