Tesla Model S CPO Website - Now Live

[Cyclone]

I think your reasoning makes a lot of sense. This is why i feel the 85 and 60 models available for CPO makes little sense when you can get a 70D brand new. I'd personally get a 70D over a RWD 80 for the AWD and Autopilot... If the difference after the rebates is less than $10K, definitely make sense to buy new.

For me, dual motor is a plus and autopilot is a HUGE plus. But my CPO is $25k less than what I'd pay new, and that is definitely worth giving up those two and my black headliner. As for range, I was looking at 85s prior to the 70D only b/c 85D on inventory weren't that widely available and S60 was too big a range drop and less of a discount b/c I had to add in Supercharging, plus the concern of the limited-range drivetrain warranty. When the 70D came out, I fully got that I was explicitly the intended audience -- people who would have been happy if the S60 has just a bit more to it, and were struggling with the cost of the 85/85D.

In the meantime, maybe when the 3 comes out, I can get that as our other car or trade in for a used autopilot SxxD.

 

[Drucifer]

I think your reasoning makes a lot of sense. This is why i feel the 85 and 60 models available for CPO makes little sense when you can get a 70D brand new. I'd personally get a 70D over a RWD 80 for the AWD and Autopilot... If the difference after the rebates is less than $10K, definitely make sense to buy new.

But that isn't how the math works, at least in my case. I am getting a P85 loaded for $68.2k, where a similarly configured S85D (similar performance / acceleration) with the same equipment prices out at $110k on the design studio with the option of paying an additional $2.5k to activate the autopilot.

So I lose the potential of activating the autopilot and the second motor (but get back some frunk space) and the black headliner, at a savings of $20k vs. the 70D I would really spec (including the tax credit) and a savings of $35k (including the tax credit) from the car I am actually getting.

Like I imagine Cyclone was, I was thinking used, inventory or possibly stretching into a 70D at $95k delivered (less tax credit, net $88k)

 

[zer0cool]

How much is your CPO? I think you mentioned in another thread somewhere, but I can't remember.

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I guess to both Cyclone and Drucifer... also interesting 3 people from Charlotte talking at the same time...

 

[Cyclone]

How much is your CPO? I think you mentioned in another thread somewhere, but I can't remember.

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I guess to both Cyclone and Drucifer... also interesting 3 people from Charlotte talking at the same time...

FYI, take a look in the Southeast region Subforum for some more Charlotte threads. There have been posts over the last few days.

My S85 CPO is $57.2k, Drucifer's P85 CPO is $68.2k (both of these after delivery, so add to the design studio cost for that too!).

 

[zer0cool]

Woah, you literally got the cheapest CPO S85!

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Have they said when they cars will get here?

 

[Cyclone]

Woah, you literally got the cheapest CPO S85!

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Have they said when they cars will get here?

Mine is still in DC. Earlier in this thread I mentioned reaching out to the location and they sent me a few photos of the car. I am waiting to hear from the Delivery Specialist (works out of Raleigh) to see when I can expect the car. I wouldn't have mind it arriving this Friday, but its more realistic that it will be late next week or sometime the week after. I should know more once I hear back. Lolgas is more local to the same DC location that has my car. He is getting his the day after tomorrow. I think his is one of the earliest CPO deliveries from the live site (as opposed to the "unofficial" CPO sales that have occurred before the site went up, like for SabrToothSqrl).

 

[HankLloydRight]

Oh, BTW, the times on the Consolidator are all Eastern time.

 

[lolgas]

Mine is still in DC. Earlier in this thread I mentioned reaching out to the location and they sent me a few photos of the car. I am waiting to hear from the Delivery Specialist (works out of Raleigh) to see when I can expect the car. I wouldn't have mind it arriving this Friday, but its more realistic that it will be late next week or sometime the week after. I should know more once I hear back. Lolgas is more local to the same DC location that has my car. He is getting his the day after tomorrow. I think his is one of the earliest CPO deliveries from the live site (as opposed to the "unofficial" CPO sales that have occurred before the site went up, like for SabrToothSqrl).

My CPO was prior to the live site hence the ability to get a 2014 S60 w/7500 miles for $61k, by far the lowest I've seen any of the S60's go for. I ordered mine 2 weeks ago from Atlanta and am just now getting it handed over to me on Thursday. I opted for the 21" grey turbines and also ordered the premium center console which will both be installed prior to delivery. @cyclone, I'm sure I'll be in Tyson's within the next week and can take a look at the vehicle for you. I have a pretty good rapport with the team down there since doing business with them. Would you mind posting some pics of your car, curious as to what shape it's in at the price point although I'm assuming it's pristine

 

[Wshowell]

CPO pricing is really interesting to observe how it's playing havoc with the private party pricing. It seems that the Craigslist and Ebay market isn't aware of the CPO program and the asking prices remain 15-20% higher than CPO. When the buyers become aware that the private sale market is greatly inflated, I believe prices will invert to the CPO and be 15-20% lower as a result of perceived value of buying from the manufacturer directly, the factory supported warranty and the general prestige of buying from a Tesla store versus meeting up in a Starbucks parking lot to complete the transaction. Where do you all see prices by January 2016?

I hold to my previous thinking that P85's will be <$60, 85's < $50 and 60's <$40k by end of 2015 in the private marketplace. It'll be fascinating to watch what happens when the X's start to get delivered. I think the only way depreciation will slow is if: Tesla does a huge price increase (not happening with economies of scale) or China starts to gobble up all the used inventory (unlikely) or oil goes >$150/bbl (eventually, but way way out in the future).

 

[JohnQ]

I figure my Apr 2013 S85 with 30k mile is worth upper 50s about now ... best case. Good thing I keep my cars for 10+ years.

 

[Drucifer]

CPO pricing is really interesting to observe how it's playing havoc with the private party pricing. It seems that the Craigslist and Ebay market isn't aware of the CPO program and the asking prices remain 15-20% higher than CPO. When the buyers become aware that the private sale market is greatly inflated, I believe prices will invert to the CPO and be 15-20% lower as a result of perceived value of buying from the manufacturer directly, the factory supported warranty and the general prestige of buying from a Tesla store versus meeting up in a Starbucks parking lot to complete the transaction. Where do you all see prices by January 2016?

I think Tesla has set the floor for pricing until either another major change occurs (P100D) or until the Model X is out in some numbers. I expect that 2012s and 2013s and Non A/P 2014s will drop around another $5k between now and the end of the year as they get older and have more miles, but nothing radical.

The thing that blows my mind is the used car lots. There are a number of cars that I was watching in the mid-70's to low-80's that these used lots have had now for 6 months (I started looking at pricing when the P85D came out). Many of these used car dealers have been holding on to the same inventory for 6 months or more, without moving the price down a penny. In the meantime, P85 owners and others sell private party to get their P85Ds and 85Ds at decreasing rates and the 70D with A/P comes out with new option packaging and colors and totally resets the used market (with that my thinking went from used to new) and then Tesla does CPO (which put me from new back to used) - which REALLY totally resets the used market.

These used car dealers, who priced their cars at $80-85k, who could have sold their cars for $72-78k just 2 months ago, will now need to take $62-68k and would be damn lucky to get that.

 

[Wshowell]

Hey Drucifer, good points on the private parties in denial and those used car lots that went off KBB and NADA values. OUCH! Painful lessons are being learned indeed! I agree with all your points except Tesla CPO setting the floor on pricing. I think they've set the ceiling. Their trade in and buy back values are the floor in my opinion. This puts private party values just slightly above the trade in for the reasons I mentioned like: warranty, factory reconditioning, delivery prestige, anonymous buying experience etc. I'd much rather buy a CPO from Tesla than private party BUT for the right price, I'll buy used from private party and then buy the extended warranty and hopefully still be thousands ahead.

 

[Cyclone]

@cyclone, I'm sure I'll be in Tyson's within the next week and can take a look at the vehicle for you. I have a pretty good rapport with the team down there since doing business with them. Would you mind posting some pics of your car, curious as to what shape it's in at the price point although I'm assuming it's pristine

That would be great, though I hope it ships by then. I got Kelly's email and sure enough, it's the same person. The car looks gorgeous.

Do the door handles all look body color except the rear passenger to anyone? I'm guessing that's just the lighting.

 

[lolgas]

That would be great, though I hope it ships by then. I got Kelly's email and sure enough, it's the same person. The car looks gorgeous.

Do the door handles all look body color except the rear passenger to anyone? I'm guessing that's just the lighting.

Nice, this has been a few years coming for me. CPO or new, I can't wait to finally get my baby.

 

[Krrphx]

Add me to the CPO buyers list! Now for the wait for my car to get to Phoenix from Atlanta. Can't wait - it's been years for me too, lolgas!

 

[MsElectric]

The $110K figure is a bit odd because the very well optioned S85D I am considering is right around $100K and it comes with about $10 of rebates based on where you live.

By the way I was not referring to the P85 when I said the 85 and 60 models available for CPO making little sense, I was referring to the regular S85. I actually think the P85s make a whole lot of sense for the mid 60s. It's the RWD 60 and 85 models that I feel don't make as much sense when you can get a P85 for just a little bit more. That's a great price you have for the P85. Congrats on your new car

But that isn't how the math works, at least in my case. I am getting a P85 loaded for $68.2k, where a similarly configured S85D (similar performance / acceleration) with the same equipment prices out at $110k on the design studio with the option of paying an additional $2.5k to activate the autopilot.

So I lose the potential of activating the autopilot and the second motor (but get back some frunk space) and the black headliner, at a savings of $20k vs. the 70D I would really spec (including the tax credit) and a savings of $35k (including the tax credit) from the car I am actually getting.

Like I imagine Cyclone was, I was thinking used, inventory or possibly stretching into a 70D at $95k delivered (less tax credit, net $88k)

 

[Cyclone]

I don't know you all are handling it??? I've checked my dashboard close to 100 times since Friday night!! The car can't get here soon enough!

 

[uisynot]

FYI, take a look in the Southeast region Subforum for some more Charlotte threads. There have been posts over the last few days.

My S85 CPO is $57.2k, Drucifer's P85 CPO is $68.2k (both of these after delivery, so add to the design studio cost for that too!).

Add me to the list of CPO buyers! P85 Pearl White 25k miles, 21in Gray rims, pano roof, perf gray sears, carbon fiber trim, carbon fiber spoiler, Studio Sound, tech package, Smart Air, Rear facing seats, and twin chargers for 66k! I'm excited but at the same time wondering if I got a good deal considering a 70d with autopilot can be had for 10k more after tax credits...

 

[KJD]

Looks like the people in Seattle went on a shopping spree today. Way to go guys.

 

[Krrphx]

I don't know you all are handling it??? I've checked my dashboard close to 100 times since Friday night!! The car can't get here soon enough!

Not handling it well - doesn't help that I can't seem to get a hold of anyone to tell me what my timeline is or send me some pics of my car! First world problems...