It's value hasn't changed. It's the same car it was new. Nothing changed. It's been reliable. Delivered on it's promise. Value is what it is to you. A car is NOT an investment. Rarely is.
@anekinoo7 That's a good rant on the Dave Ramsey show. Turn 50K into 30K in 4 years. Now, we can see how STOOPID in America works. While, those same people complain that Banks are corporations are ripping them off.
@JonathanRootD I don't understand some people's mentality. I don't always agree with Ramsey as he also is biased based on his financial interests, but when he calls it STOOPID in America when it comes to car spending, He's spot on.
If you want a higher resale value for your Tesla, you should avoid selling it to a dealership. The current Model Y will drop in value even more as soon as the new facelift comes out, and that's soon. It's the best time to get a Model 3 Highland, not the Model Y! A 40% drop after a year is not shocking to be frank (the first year is the year a car loses most of its value), the period when EVs did not devalue much if at all was during Covid and is now over, it was mostly due to shortage of chips, that's no longer the case, and will not be the case for a while.
Just add a review to the business , once it drops below a certain star rating they will start to take care again. Proven strategy. Often one or two people that do not belong in customer service spoil the experience for many others before upper management even realizes they hired wrong staff .
Tesla are driving the price down of their new Model 3 and Y, so it's obvious that the residual value will fall. Tesla don't care about residual value; all they care about is selling new cars. As the market saturation increases then prices will come down further, and residual values will continue to plummet. Simple economics.
@@rickeybenson823 There are plenty of affordable used EVs and there will be far more once the used EV market opens up. The depreciation is usually not even close to the amounts claimed by anti-EV groups but it is usually irrelevant to the people that own the cars since they tend to hold onto the car. On a month-to-month basis, EVs are cheaper than ICE. In the very near future the capital cost will be cheaper as well.
@@yodaiam1000 on a month to month basis they are cheaper to run. But on a month to month basis to own & run they cost more due depreciation. Also Liquid fuels have around a 50% tax while an ev has no added electricity tax & the car is subsidised by governments if governments stopped paying for part of the cost & taxed for usage on the road. (It will happen.) the cost is no where near what an ice car is with extra inconvenience for travelling & anyone who work from there cars or trucks
@@danieledwards7271 Oil is heavily subsidized. EVs are taxed more than ICE cars in most states for road tax. Once you take into account the cost of CO2 in the atmosphere there is no comparison. Even with the depreciation, the month-to-month of an EV is still way cheaper. The capital cost will also be cheaper in the near future and is already at par for some car types like MG4.
In 5 years the demand for EVs is going to fall off a cliff. Especially in California where electricity is 35 cents per kw and rising, not to mention they have killed solar with the introduction of NEM 3, there is a 80% drop in solar installs in the last year. Moving forward it's going to be hybrids because EVs are too expensive to charge here in Cali.
It's value hasn't changed. It's the same car it was new. Nothing changed. It's been reliable. Delivered on it's promise. Value is what it is to you. A car is NOT an investment. Rarely is.
Thank you for the insightful video
Lose 20k and he buys another
Lost close go $30k for a car less than 4 years 😂
@anekinoo7 That's a good rant on the Dave Ramsey show. Turn 50K into 30K in 4 years. Now, we can see how STOOPID in America works. While, those same people complain that Banks are corporations are ripping them off.
@bmw803 both can be true.
@JonathanRootD I don't understand some people's mentality. I don't always agree with Ramsey as he also is biased based on his financial interests, but when he calls it STOOPID in America when it comes to car spending, He's spot on.
And how much value did this tesla bring to you over all them years?
Beautiful! I’m so happy car got cheaper !
If you have a car that has bad resell value, don't resell it! (Obviously not for electric cars)
Just keep upgrading and you will be happy.
I can't find one thats is close 20k discounted 2nd hand
Every manufacturer is
I am still waiting for the BYD Seagull to ever the States. I would by that in a heart beat.
Bound to happen when an incentive got introduced
So your Insurance should go down?
HAHAHAHAHA. Repair costs stay the exact same LOL
YEET 😢
Of course that happens to cars
If you want a higher resale value for your Tesla, you should avoid selling it to a dealership.
The current Model Y will drop in value even more as soon as the new facelift comes out, and that's soon. It's the best time to get a Model 3 Highland, not the Model Y!
A 40% drop after a year is not shocking to be frank (the first year is the year a car loses most of its value), the period when EVs did not devalue much if at all was during Covid and is now over, it was mostly due to shortage of chips, that's no longer the case, and will not be the case for a while.
congratulations, you played yourself
Just add a review to the business , once it drops below a certain star rating they will start to take care again.
Proven strategy. Often one or two people that do not belong in customer service spoil the experience for many others before upper management even realizes they hired wrong staff .
I suppose an EV is like a phone…😂
❤ V8 Tesla is best 😂
Never buy Brand new otherwise expect this.
Tesla are driving the price down of their new Model 3 and Y, so it's obvious that the residual value will fall.
Tesla don't care about residual value; all they care about is selling new cars. As the market saturation increases then prices will come down further, and residual values will continue to plummet.
Simple economics.
People argue on one hand that EVs are too expensive and in the same breath say that EVs depreciate far too much.
That’s called overrated & over priced.
That is because both statements are absolutely TRUE.
@@rickeybenson823 There are plenty of affordable used EVs and there will be far more once the used EV market opens up.
The depreciation is usually not even close to the amounts claimed by anti-EV groups but it is usually irrelevant to the people that own the cars since they tend to hold onto the car.
On a month-to-month basis, EVs are cheaper than ICE. In the very near future the capital cost will be cheaper as well.
@@yodaiam1000 on a month to month basis they are cheaper to run. But on a month to month basis to own & run they cost more due depreciation.
Also Liquid fuels have around a 50% tax while an ev has no added electricity tax & the car is subsidised by governments if governments stopped paying for part of the cost & taxed for usage on the road. (It will happen.) the cost is no where near what an ice car is with extra inconvenience for travelling & anyone who work from there cars or trucks
@@danieledwards7271 Oil is heavily subsidized. EVs are taxed more than ICE cars in most states for road tax. Once you take into account the cost of CO2 in the atmosphere there is no comparison.
Even with the depreciation, the month-to-month of an EV is still way cheaper. The capital cost will also be cheaper in the near future and is already at par for some car types like MG4.
You got money, go buy 3 more teslas lol
In 5 years the demand for EVs is going to fall off a cliff. Especially in California where electricity is 35 cents per kw and rising, not to mention they have killed solar with the introduction of NEM 3, there is a 80% drop in solar installs in the last year. Moving forward it's going to be hybrids because EVs are too expensive to charge here in Cali.
You mean COMMIEFORNISTAN.
Lol what are you talking about? Gas price equivalent is around 50 cents per kWh.
@@JonathanRootD If you drive a lot, EV might make sense. Otherwise, it doesn't. How long does it take to break even is the point.
buy BYD seal😂
Even at a 40% drop Elon would still be making a profit. 😂 ICE cars average profit is 5%. EVs are a racket when it comes to price.