Tesla offered 32,300 for my 2023 MYLR with 16,600 Miles. With the federal rebate and tax savings (Illinois only taxes on the difference from trade-in), the real cost (all fees) to upgrade to 2024 would be $8600. Is getting a year newer car with zero miles and a warranty worth the $7600? Thanks for your opinion!
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To Upgrade or Not to Upgrade?
- Thread starter bakeland
- Start date
Excuse the typo. It would be $7600 to upgrade to a 2024 Model Y. I forgot the additional 1K off for cybertruck reservation.
E90alex
Active Member
No, it isn't worth it in terms of a pure financial decision. But anyone buying a car in the 40k plus range isn't thinking about just financial factors.
Obviously life is about enjoyment...will this change make you happy? With all the factors you take value in (e.g., budget, enjoyment, peace of mind, etc.), will this trade-in/new car purchase make you happy, not only now but in a year or two? What I mean will you have regret for getting a marginally better car but not having the 7k in cash in your bank account?
I don't think any of us can answer those questions. That's for you to decide.
Obviously life is about enjoyment...will this change make you happy? With all the factors you take value in (e.g., budget, enjoyment, peace of mind, etc.), will this trade-in/new car purchase make you happy, not only now but in a year or two? What I mean will you have regret for getting a marginally better car but not having the 7k in cash in your bank account?
I don't think any of us can answer those questions. That's for you to decide.
Sure. That fact doesn't change my statement. Financially it isn't a good decision to buy a 40k plus car.
Don't do it. I did the same thing but for me it was a $2000 money maker. I still regrets it even with the free acceleration boost (from self-referral) since the new car has much more wind noise than my old one and the current grey color looks like *sugar* in comparison to white on my old car.
BrownOuttaSpec
Active Member
I guess it depends on what your 2023 LR has since it was kind of an odd year for those builds. Do you have a Ryzen MCU3? "comfort" suspension? rear parcel shelf? Matrix headlights? Parking sensors? AP4 (I think late '23 came with this)?
$7600 would be right on the cusp for me of upgrading especially if you don't have MCU3 (AMD Ryzen). I stopped following all the little tweaks they've done after I bought my '23 MY in late 2022 but I would guess they have tweaked other aspects of the Y since I got mine.
$7600 would be right on the cusp for me of upgrading especially if you don't have MCU3 (AMD Ryzen). I stopped following all the little tweaks they've done after I bought my '23 MY in late 2022 but I would guess they have tweaked other aspects of the Y since I got mine.
First of all, that's "new" car price. There's just a whole lot of people who can't afford anything new. If you calculate in used car prices, that average goes down a good bit. Taney71 didn't limit his comment to new cars.
Second, that figure includes a lot of $60K to $70K pickups and $80K+ SUV's. So, one $96K Escalade and three loaded out $32K Camry's equal average of $48. That doesn't even consider all the $24K Corolla's (second best selling car in the world) and sub $30K Nissan, Chevy, Ford, etc. cars sold out there. For every $72K F150 sold, a $24K Corolla could be sold to average $48K.
My point is..............average don't mean much.
It means exactly what you say and is both a significant and relevant data point though I admit it doesn’t tell the whole story. I would like to know the median price (as the contrast between median and average is usually informative) but no one publishes that.
Of course. But we are talking about new cars so new car pricing is what’s being discussed. Not used cars or ham sandwiches or anything else
Went to Tesla service and they thought the wind noise was normal. No panel gap issues. I also had lots of wind and road noise with my 2018 M3. Eventually I got used to it and drove the car for 5 years. When buying a new Tesla, it's always going to be a lottery with regards to quality.
Feb 2023 Build. No matrix (built in ATX), no sensors, but does have updated suspension and CPU.
Carvana is offering me 37,400. So my actual upgrade cost including tax and fees would be $5,246 if I don't trade through Tesla. I feel like I should take advantage of the tax rebate and price cuts. Since most of the depreciation is in the first year, it seems like its not a bad deal especially since my current Y has 17K miles. I don't plan on owning it past the 50K warranty so it buys me more time.
Nothing wrong with the car. It just has high mileage (17K) for an 11-month-old car. Normally, I wouldn't think of selling but the tax incentive and discounts make it somewhat attractive.
I looked into a lease but I drive too many miles/year for it to make sense. I was planning on keeping the car until the 50K warranty runs out which should be in 2 more years at the rate I'm driving. I'm not confident the $7500 rebate will be around in 2 years too.
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