2013 Tesla S60 - SOLD

martinfkelly · Apr 1, 2015

2013 Tesla S60

Like others, unsure exactly how to price this so looking for feedback, even though I know it may be critical. I'm thinking $60-63K. Reservation was in November 2012 with delivery in April 2013 so early model. We've bought a building in Chicago that we're going to live in and renovate with no current garage so am getting rid of my toy (with every intention of getting an 85D when we're done with construction). So that's the reason for the sale. Details on the car:
60 kWh battery
12,000 miles
Garage kept, no smoking
I think I range charged twice
4 year, 50,000 mile pre paid service plan
Tech package
Navigation
Pano roof
Black leather
Grey exterior
Obeche wood interior
Active air
Supercharger
Parcel shelf
It has the LED accent lighting but I think that came standard with the tech package when I bought

Feedback and thoughts or questions?

List Date: 4/2/2015
Location: Chicago, IL, United States

For more info, click here to view the original listing: 2013 Tesla S60
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SOLD

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Zythryn · Apr 2, 2015

Have you checked with Tesla?
I believe they will give you a trade in value close to that.

martinfkelly · Apr 2, 2015

Zythryn said:
Have you checked with Tesla?
I believe they will give you a trade in value close to that.

Thank you for the reply and good idea, I have not checked with them but will see if they (or a partner) will buy used Tesla's. I'm going to be without a place to charge for the next year so can't do a trade in and will have to be Tesla-less.

alan617 · Apr 2, 2015

Do you have any pictures of the car? i'm in chicago as well and pretty interested.

tga · Apr 2, 2015

martinfkelly said:
Thank you for the reply and good idea, I have not checked with them but will see if they (or a partner) will buy used Tesla's. I'm going to be without a place to charge for the next year so can't do a trade in and will have to be Tesla-less.

I know of a Porsche dealer that did an "early trade in" for a customer (I wound up buying the traded-in car). Their customer was going to be out of the country for 3 months. The Porsche dealer took the car before they left, and gave them a trade in credit that they applied to the future purchase on the deal.

Customer was happy, as they didn't have to deal with storing the car, and they got the trade-in sales tax credit.
Dealer was happy; they got a car they could CPO and sell for a profit, while the trade-in customer was pretty much locked in to buying a new car.
And I was happy - I got someone else to pay for my depreciation.

You might want to check and see if Tesla could work a similar deal, especially if you are sure you're buying another Tesla.

martinfkelly · Apr 2, 2015

alan617 said:
Do you have any pictures of the car? i'm in chicago as well and pretty interested.

I'm out of town right now but will be back next week and will post pictures.

RonKorakas · Apr 10, 2015

Zythryn said:
Have you checked with Tesla?
I believe they will give you a trade in value close to that.

Absolutely not. Believe me, I have a lot of experience asking for quotes for 60s (because of mine). The best one I ever got was 45k when I had JUST bought my car.
I wouldn't say they offer more than $50k.

TexasEV · Apr 11, 2015

RonnieKorbas said:
Absolutely not. Believe me, I have a lot of experience asking for quotes for 60s (because of mine). The best one I ever got was 45k when I had JUST bought my car.
I wouldn't say they offer more than $50k.

Your car did not have tech package and had several times the mileage.

Zythryn · Apr 11, 2015

RonnieKorbas said:
Absolutely not. Believe me, I have a lot of experience asking for quotes for 60s (because of mine). The best one I ever got was 45k when I had JUST bought my car.
I wouldn't say they offer more than $50k.

They offered me more than that.
It all depends on the options, mileage and condition.

RonKorakas · Apr 11, 2015

TexasEV said:
Your car did not have tech package and had several times the mileage.

This wasn't recent. This was some time ago, mileage was substantially less than now.

SuperCoug · Apr 22, 2015

RonnieKorbas said:
Absolutely not. Believe me, I have a lot of experience asking for quotes for 60s (because of mine). The best one I ever got was 45k when I had JUST bought my car.
I wouldn't say they offer more than $50k.

Sadly RonnieKorbas is 100% right! I'm looking to sell my 2013 loaded S60 to get a new S70D before the sales tax savings in Washington expires June 30th and I was SHOCKED how low Tesla's offer was. NADA and Kelly Blue Book both have my trade in value around $61,950 but yesterday Tesla offered me only $44,750! My car is in excellent condition.

To make matters worse, my car has the extended maintenance contract and $4,000 in after market enhancements such as Xpel paint protection, tinted windows, and a fully integrated Escort radar detector/laser jammer.

All I can assume is that they feel they need to have the same 25% profit margin target on used cars just like they do on the new cars.

Here is the valuation given by NADA:

ifwinterends · Apr 22, 2015

SuperCoug said:
All I can assume is that they feel they need to have the same 25% profit margin target on used cars just like they do on the new cars.

That's absolutely the case. I contacted a representative to ask what the cheapest price was for a CPO 60kwh, and they told me low $60k range. This was a few weeks before the 70D came out, so they were selling 60kwh used at the same price I could get a brand new one after the federal tax credit.

ecarfan · Apr 22, 2015

Sadly, new cars depreciate rapidly after purchase, and money spent on window tints, paint protectors, and fancy accessories does not add much to the used value of a car.

TexasEV · Apr 22, 2015

If you sell it privately the extended warranty can be transferred and has value to someone. It's of no value when you trade it in to Tesla.

tga · Apr 22, 2015

SuperCoug said:
Sadly RonnieKorbas is 100% right! I'm looking to sell my 2013 loaded S60 to get a new S70D before the sales tax savings in Washington expires June 30th and I was SHOCKED how low Tesla's offer was. NADA and Kelly Blue Book both have my trade in value around $61,950 but yesterday Tesla offered me only $44,750! My car is in excellent condition.

To make matters worse, my car has the extended maintenance contract and $4,000 in after market enhancements such as Xpel paint protection, tinted windows, and a fully integrated Escort radar detector/laser jammer.

All I can assume is that they feel they need to have the same 25% profit margin target on used cars just like they do on the new cars.

Here is the valuation given by NADA:
View attachment 78955

KBB values aren't based on reality, and, based on your screenshot, neither are NADA's. A local Porsche dealer has a P85 they took in trade 6 months ago. They can't move it at $75k. NADA says your 60 is worth $70k? Puh-leeze... Well equipped 85's, 1.5-2 years old with 20k miles are barely worth that.

You can't trust KBB or NADA - their numbers are way to high. Look at what car sell for here and on ebay for real number (completed sales, not asking prices).

islandbayy · Apr 22, 2015

NADA and KBB are not taking into consideration the battery pack size for values. They are assuming the value based on a 85 pack. I have called and verified this with them. It's ridiculous. Unless, your trying to sell a 60kWh ;-)

Wshowell · Apr 22, 2015

Tesla is creating both a ceiling and a floor (support and resistance) to market technicians. Anyway, if the car has a trade in value of $45k and a CPO price of $60k then the market has established a Bid/Ask price to then negotiate in between. Tesla has put you in a pickle and the car is worth $52,500 assuming an efficient market, which it is not outside this forum. The trend is of course bearish for all used vehicles but more so for the Model S' with shorter warranties and older, less tech-rich hardware. That's how I see the current state of the market. It's a buyers market and more so every day, Tesla itself is helping drive that trend.

EXOTIC1 · Apr 22, 2015

Wholesale auction prices on P85 well equipped 13's with under 20k for miles are in the 66-70k range
retail on a P85 is 71-74 but will continue to drop every month. new 70d will hurt resale on 85's
i would say on your 60 you should still get close to asking price 59-60k
good luck

Stoneymonster · Apr 22, 2015

TexasEV said:
If you sell it privately the extended warranty can be transferred and has value to someone. It's of no value when you trade it in to Tesla.

Incorrect. They will credit you the prorated unused portion of the service plan and extended warranty.

TexasEV · Apr 23, 2015

Stoneymonster said:
Incorrect. They will credit you the prorated unused portion of the service plan and extended warranty.

Good to know. I didn't see that in my documents.

2013 Tesla S60 - SOLD

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