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Thread: Buy now or wait til new year 2015?

  1. #1
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    Buy now or wait til new year 2015?

    I've made up my mind to by a MS. Initially I was anxious to get delivery by the end of the year to take advantage of the Federal tax credit. I've done my homework in terms of charger installation, insurance etc. The car is spec'd up and I'm ready to place the order for (hopefully) a November delivery.

    But now I'm thinking: why order it now and have a "2014 model" when I could wait only a couple of months and have a "2015 model". OK, I'd have to wait another 12 months to get the tax credit, but when it comes to selling it or trading it in a few years from now, it will be a whole year younger (2015 vs 2014).

    Am I thinking straight?

  2. #2
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    Quote Originally Posted by Vagus View Post
    I've made up my mind to by a MS. Initially I was anxious to get delivery by the end of the year to take advantage of the Federal tax credit. I've done my homework in terms of charger installation, insurance etc. The car is spec'd up and I'm ready to place the order for (hopefully) a November delivery.

    But now I'm thinking: why order it now and have a "2014 model" when I could wait only a couple of months and have a "2015 model". OK, I'd have to wait another 12 months to get the tax credit, but when it comes to selling it or trading it in a few years from now, it will be a whole year younger (2015 vs 2014).

    Am I thinking straight?
    Telsa say doesn't make changes for model years, they happen all the time. The only potential advantage would come when you go to sell it.
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    Quote Originally Posted by Denarius View Post
    Telsa say doesn't make changes for model years, they happen all the time.
    Yes, I realize the car will be the same.

    Quote Originally Posted by Denarius View Post
    The only potential advantage would come when you go to sell it.
    That's what I'm talking about. I'm thinking that in 3 years time, the difference in resale value between a 2014 and a 2015 model could by fairly substantial (even though they may actually only be a month or two different in age).

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    Quote Originally Posted by Vagus View Post
    That's what I'm talking about. I'm thinking that in 3 years time, the difference in resale value between a 2014 and a 2015 model could by fairly substantial (even though they may actually only be a month or two different in age).
    The depreciation on luxury cars is so huge, it probably won't make any significant difference, either way your looking at getting 1/2 or less of your initial money back. I'd plan on keeping it for longer than 3 years, since you'd have already lost most of the money on deprecation.
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    At this point, you won't have to wait long to order a 2015 calendar year car. I figure by the end of September or early October, deliveries will slip to January. Problem solved -- whether you like or not.
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    Quote Originally Posted by Vagus View Post
    That's what I'm talking about. I'm thinking that in 3 years time, the difference in resale value between a 2014 and a 2015 model could by fairly substantial (even though they may actually only be a month or two different in age).
    I doubt that will be the case. I think the resale value depends on the options and mileage the car has, and condition of course.
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    Quote Originally Posted by ecarfan View Post
    I doubt that will be the case. I think the resale value depends on the options and mileage the car has, and condition of course.
    +1. There is no reason to think the "model year" paradigm will apply to used Teslas when it doesn't apply to new ones. Options, mileage, and VIN.
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    Quote Originally Posted by ecarfan View Post
    I doubt that will be the case. I think the resale value depends on the options and mileage the car has, and condition of course.
    There appears to be quite a difference in the non-Sig 2012 and 2013 cars. Little difference between 2013 and 2014 cars. I think the existing paradigm driven by used car dealers and insurance companies will win, and the "older" model year car will be worth less.
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    Quote Originally Posted by Vagus View Post
    I'm thinking: why order it now and have a "2014 model" when I could wait only a couple of months and have a "2015 model".
    Tesla does rolling changes rather than model year updates. The decision to purchase a model S now or wait is more an emotional decision than financial.


    Everything about the model S is different, you can't think of it like buying a regular ICE vehicle. Even if you waited until 2015, you may still have the same dilemma with a 2015 vehicle. When Tesla releases new features, standard or optional during the same year it effectively creates a higher resale on that specific car than those manufactured just a week or month earlier.


    Bottom line, are you happy with the current features a model s has today, optional or otherwise? Or, does your must have list include, lane departure warning, adaptive cruise control, upgraded seats, heated steering wheel? If so, wait until next year or 2016.


    Otherwise place your order now and start having fun.

  10. #10
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    Quote Originally Posted by TexasEV View Post
    +1. There is no reason to think the "model year" paradigm will apply to used Teslas when it doesn't apply to new ones. Options, mileage, and VIN.
    With the exception that it will take practically forever for companies like KBB to change from the model year concept when setting a value on a car. This isn't much of a problem now because most Tesla owners and prospective purchasers have done their homework, but it will be a problem in the future when Tesla is selling hundreds of thousands of cars a year. Most people check KBB and Edmonds to find out what they should pay.
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