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I don’t think anyone is disputing that an out of warranty 2013 S60 with a failed battery is mechanically totaled (just like a 2013 S500 would be with a blown motor, BTW).The difference is that you can get a rebuilt engine for <$4k and a battery from Tesla will likely be 4 times that.
Absolutely not. Depreciation is not linear, and at a point it levels off and becomes more an issue of car’s conditionTesla Value = Original Price * ((19/20)^AgeInQuarters)
Has to be that easy, right?
Clarifying, as my gut reaction, non constructive post is haunting me... I realize the proposed function is not linear. But that would have car only lose 5% when it drives off the lot, so I think it is not steep enough at first, and it would value my 2012 P85 at around 18k right now, which is way low. ~25k is what I’ve been seeing for clean low mileage. I understand that the exponential creates a curve. I like the elegance though. Maybe it would work with a slightly higher fraction and an immediate deduction for first quarter.Absolutely not. Depreciation is not linear, and at a point it levels off and becomes more an issue of car’s condition
No worries - it was a bad math joke. I did run the comparisons at denominator 4, 12, 16, 20, 24, 28, and 30 in a spreadsheet and cherry picked the one that looked closest to normal for the year and guesses for historical car values from 40k to 130k assuming good condition and average mileage. It's not too far off in the first 3 years for multiple cars from what I can tell.Clarifying, as my gut reaction, non constructive post is haunting me... I realize the proposed function is not linear. But that would have car only lose 5% when it drives off the lot, so I think it is not steep enough at first, and it would value my 2012 P85 at around 18k right now, which is way low. ~25k is what I’ve been seeing for clean low mileage. I understand that the exponential creates a curve. I like the elegance though. Maybe it would work with a slightly higher fraction and an immediate deduction for first quarter.
I did for 5 years with my Roadster which I used as my daily drive. Three issues that Tesla resolved fairly and I could have easily spent more on any ICE car. Less than $3000 in repairs over 5 years for a very first generation car.I wouldn't own a Tesla without a warranty.
I wouldn't own a Tesla without a warranty.
.....after the warranty is up the vehicle will just not be worth repairing in case a battery completely fails.
So potentially 8256 points of failure in a modern Raven/100 pack.I don't have any hard numbers to back this up, but I am thinking someone could ship their car to Gruber Motors and have their battery repaired for not much more than rebuilding their transmission in their BMW, or Audi, or XXXXX.
Gruber Motors Details New Tesla Model S Battery Pack Repair Process
The HV battery failed 2500 miles out of warranty on my 2013 S60. In hindsight, I wish I would've gotten rid of mine before the warranty was up, although the OPs miles are much lower than mine. Tough call.
Here are residual values for "Long Range" MS (i.e. 85/90/100 excluding P) according to a couple sources compared to the equation above.Tesla Value = Original Price * ((19/20)^AgeInQuarters)
...it would value my 2012 P85 at around 18k right now, which is way low. ~25k is what I’ve been seeing for clean low mileage...
Car gurus right now shows 2012 P85s listed 28 to 34, all assessed as “fair deals”. Even assuming 20% haggled off the midpoint, that’s 25. So my hunch is your hunch is wrong.What sources are you using for your 25k estimate (and is that private party or trade-in)? My hunch is that 18k is probably closer to the truth than 25k is.
I have seen no reports of Tesla repairing batteries at any price out of warranty nor any battery repairs at service centers. Decentralizing this would be out of character for Tesla, especially when the out of warranty population is so small relative to the new Y and 3 population. Nobody should expect this IMO. Ever. More possible they might drop price of centrally remanufactured batteries. But incidence of failure is so low, I don’t think this will get attention. The only wildcard is the battery-limiting legal action, which may force them to update tens of thousands of cars, which- if that happened- might cause a different approach.As mentioned by other members, the main li-ion battery can be repaired by Tesla or a third party such as Gruber Motors. I suspect Tesla may have a competitive price for out of warranty cars, possibly and hopefully less than $1,000. They may be able to do the repairs at the service center in the future (if not already). I think this will really help the Tesla lineup keep its value for those who want to keep or purchase these out of warranty.
What was the warranty mileage cutoff for the early 40s/60s, since you are still in the 8 yr window?
How many miles did you have when your battery died?The HV battery failed 2500 miles out of warranty on my 2013 S60. In hindsight, I wish I would've gotten rid of mine before the warranty was up, although the OPs miles are much lower than mine. Tough call.