What they don’t tell you about used Tesla pricing
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- Опубликовано: 10 сен 2024
- #teslamodels #usedcars #teslaprice #teslanews
Some guy from Reddit tracked the price of 3000 used Teslas, here is what I found
He tracked the price of used cars listed on the Tesla website for the last 4 months. In total, he tracked \~3000 cars. He focused on cars listed in the San Francisco Bay Area. He used a linear regression model to determine what factors influence the price.
*Some insights:*
* Model Y and Model 3 cars are listed for 5 days on average before being removed/sold. Model X and S take a little longer, with an average of 7 days.
* Tesla automatically lowers the price if a car does not sell. On average the price decreased by $200 per day.
* 68% of all cars have basic Autopilot, 29% have FSD, 3% come with Enhanced Autopilot.
* 99% of eligible used cars include the Acceleration Boost option.
**Pricing factor estimates by model:**
*Model 3*
Price reducing factors
* $97 per 1000 miles driven
* $127 for each extra month in age
* $860 when previously repaired
Model variants:
* $3500 for Long range ($9000 new)
* $2300 performance version (new $7000)
Premium options:
* $1400 for EAP
* $2600 for FSD (new $8000)
* $90 for the white interior (new $1000)
Black ($221) and gray ($150) have a better resale value, compared to red (-$142), white (-$93) and blue (-$56).
No difference was found between 18 and 19 inch wheels ($1000 new)
*Model Y*
Price reducing factors
* $133 per 1000 miles driven
* $239 for each extra month in age
* $1600 when previously repaired
Model variants:
* $5500 for AWD ($3000 new)
* $3100 performance version (new $7000)
Premium options:
* $1900 for EAP
* $2800 for FSD (new $8000)
* $120 for the white interior (new $1000)
Red ($341) and black ($199) have a better resale value, compared to gray (-$121), white (-$113) and blue (-$306).
20 inch wheels $350 premium (new $2000)
*Model X*
Price reducing factors
* $183 per 1000 miles driven
* $424 for each extra month in age
* $1700 when previously repaired
Model variants:
* $8500 for plaid (new $22500)
Premium options:
* $5500 for FSD (new $8000)
White ($300) and cream ($1237) have a better resale value.
White ($341) and black ($232) have a better resale value, compared to gray (-$299), red (-$729) and blue (-$588).
*Model S*
Price reducing factors
* $211 per 1000 miles driven
* $538 for each extra month in age
* $2000 when previously repaired
Model variants:
* $8200 for plaid (new $15000)
Premium options:
* $4500 for FSD (new $8000)
White ($1,100) and cream ($610) have better resale value.
Red ($604) and blue ($118) have a better resale value, compared to black (-$780), white (-$451), and gray (-$431).
Great info from @Reddit
Great information, that i can use. Thanks!
Glad that this is helpful. I should thank the guy who did the study and posted on Reddit. :)
Somehow Model 3‘s prices of the same model also seem to increase depending on the day even if not sold. Do you know something about that?
From my experience here in Taiwan, I saw the price hike when demands are higher. Around second quarter of last year I found the price hikes to be significant.
Also are these price reductions put against the current MSRP of the same car or the MSRP of the car at time of purchase
These price reductions reflected on the prices posted on teslas website for used vehicles.
Can you share the Reddit posts
www.reddit.com/r/TeslaLounge/s/pqlMcqPpme
Got my first Tesla Model 3 for $16,500 from Tesla!
That’s a great price actually! Congrats!!