Plenty discussions on buying new/used cars with the tax credit, or if they should hold their money for next year.
I'm more concerning from an onwer's perspective.
I know used Tesla 3/Y wouldn't go below $25000 hence won't qualify tax credit.
But I believe 2023 will have huge impact on used Tesla --- if people can buy a Tesla 3/Y with msrp minus $7500, they're much less likely to choose a used one.
If you think the current used car = msrp is crazy, it's crazier that people are willing to pay for a used car that's $7500 more than msrp, which is very unlikely to happen.
Sure, people can save wait time on buying used cars. I guess the increasing Tesla factories and Tesla models neutralize each other on wait time in some ways. But tax credit will always be a huge negative impact on how much you can sell/tradein your used Tesla 3/Y.
Market price is determined by supply and demand if we're discussing one specific thing being sold. But it's also determined by whether you can get a better one with same or lower price.
In this case I'm pretty pessimistic on the used Tesla 3/Y value from now on. It still holds value. But the conclusion is, expect a steep decrease from next year.
You may say you're not going to sell your car anyways. But tax credit lasts 10+ years without sales cap, if not further canceled. All of us will suffer from msrp - $7500 at some point in our life.
I really hope to hear disagreement and be corrected. But I don't see that coming.
I'm more concerning from an onwer's perspective.
I know used Tesla 3/Y wouldn't go below $25000 hence won't qualify tax credit.
But I believe 2023 will have huge impact on used Tesla --- if people can buy a Tesla 3/Y with msrp minus $7500, they're much less likely to choose a used one.
If you think the current used car = msrp is crazy, it's crazier that people are willing to pay for a used car that's $7500 more than msrp, which is very unlikely to happen.
Sure, people can save wait time on buying used cars. I guess the increasing Tesla factories and Tesla models neutralize each other on wait time in some ways. But tax credit will always be a huge negative impact on how much you can sell/tradein your used Tesla 3/Y.
Market price is determined by supply and demand if we're discussing one specific thing being sold. But it's also determined by whether you can get a better one with same or lower price.
In this case I'm pretty pessimistic on the used Tesla 3/Y value from now on. It still holds value. But the conclusion is, expect a steep decrease from next year.
You may say you're not going to sell your car anyways. But tax credit lasts 10+ years without sales cap, if not further canceled. All of us will suffer from msrp - $7500 at some point in our life.
I really hope to hear disagreement and be corrected. But I don't see that coming.