Absolutely this.Or, buy one more and keep it for many years
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Absolutely this.Or, buy one more and keep it for many years
My car has moulted the cost of a brand new Model Y in the few years I've owned it. Tesla are being economical with the truth when they sell you the car, in that their order page focuses on nebulous "fuel savings" without acknowledging that fuel and every other expenditure are dwarfed by murderous depreciation, but there's this really simple thing you can do to recoup what you put in, though it's been said before: run your Model S into the ground.Anyone have an insight on this? I just can't even...
Also trust me, you don't want a Model 3
I sold my last car privately for 15% more than the offers from that list of online buyers. Autotrader is excellent but beware of dealer callers. Set a realistic price and stick to it. I did and the first person to see it bought it without quibble.I think this may be one of the large factors in your issue. Having just over a year left on a battery warranty is going to make selling the car difficult, which Tesla obviously know.
Have you tried WeBuyAnyCar, Cazoo, Motorway etc? They gave me a slightly higher offer than Tesla when I was exchanging, but in my case not enough to make the extra step worth it. You could get lucky with a higher quote if their pricing system works out in your favour.
Notwithstanding the tax benefits?Our company have stopped offering Tesla’s on our company car scheme because the residuals are so bad.
Has anyone considered that Tesla may actually run diagnostics on a car when you ask for a trade in. Potentially the low ball figure is because they have checked the HV battery and see it as a risk?
They may actually have accounted for a replacement which is why they gave you a low ball offer. As others have mentioned, the battery warranty is pretty much done so they would need to offer the new buyer some form of assurance prior to selling that the battery isn’t a dud. They may replace it and then sell it with 12/24m battery warranty.
Just a thought, based on zero evidence.
Other EVs are available…Notwithstanding the tax benefits?
Can’t imagine residuals for other EVs being significantly better than Tesla, though.Other EVs are available…
In the UK every sale by a trader to a member of the public gets an all encompassing 6 months of warranty under a piece of legislation called the Consumer Act. Every vehicle sold that has a fault within the first 6 months is deemed to have been present at the point of sale and therefore the responsibility of the seller to rectify - or provide a full refund.You make a good point though. Third-party resellers (e.g. dealerships) probably don't provide any warranty on a used Tesla, so they don't have to worry about this.
Yep same across the board I think, Polestar 2 has eye watering depreciation, last couple of years with shortages haven’t helped, so many more discounts available now which will hit used prices along with battery concernsCan’t imagine residuals for other EVs being significantly better than Tesla, though.
The same concerns with battery longevity surely apply?
I drove past a car sales forecourt today and there was a 2020 plate white model three, with a sticker in the window of £27,999.
I guess it must be very high mileage or an ex company car for that sort of price.
I think around that price based on the mileage and ageOrdered a red Highland m3
What should I expect for my 80k miles Nov-19 white SR+ ? £20k?
I'm a strong believer that only having 8 years of battery warranty is going to affect used EV car pricing and lead to high levels of deprecation between years 0 to 8.
I think it would cost in the region of £2-3K/year to provide extended battery warranty for a further 8 years.
Therefore, unless you are going to run your EV till it breaks (and the battery last more than 16 years) running a ICE car is probably more cost effective right now. Notwithstanding company car users.
Of course, nothing is quite as pleasurable as driving an EV...
Maybe you could check one of these cheepies out then we will have the full story rather that the arresting headline.I drove past a car sales forecourt today and there was a 2020 plate white model three, with a sticker in the window of £27,999.
I guess it must be very high mileage or an ex company car for that sort of price.
Liam, what you have described is exactly how my home storage batteries warranty works. I have 3 Solax Tripple power LI 4.5Kwhr batteries charged from the solar, They have a 10 yr warranty but reading the terms its a sliding scale year by year as to what's acceptable degradation percentage wise. They are 5 yrs old now and seem to be performing now as well as they did when first fitted.Imho, it should be quite low risk/cost for them to offer long battery warranties, like 15 years+, if they are based on a sliding scale of allowable degredation % vs years and/or miles. So people would have to accept degredation with old age/big miles, but they are covered for a sudden total failure. Failures are pretty rare so 99.9% of cars won't get a claim with this kind of criteria, and those that do have a failure could be replaced with one of like-for-like age/degredation which wouldn't be so expensive when a supply of old but still working batteries is available. But importantly owners wouldn't be so terrified at the idea of owning an old EV due to the potential for a battery failure.
Imho, it should be quite low risk/cost for them to offer long battery warranties, like 15 years+, if they are based on a sliding scale of allowable degredation % vs years and/or miles. So people would have to accept degredation with old age/big miles, but they are covered for a sudden total failure.
That would be great. One issue might be that someone in year 12 wants a new battery, so they somehow *cause* a battery failure.