Selling a Used Tesla
Discussion
The Model X doesn't see much use so we've decided to swap it for something smaller.
Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
Baldchap said:
The Model X doesn't see much use so we've decided to swap it for something smaller.
Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
Do you think that’s specifically the X?Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
To me it makes sense. It’s an odd sort of car, regardless of power train, for this country, unnecessarily big for most and not much of a looker.
I certainly couldn’t see me going for a used X unless it was very cheap.
I don’t see why the other models shouldn’t be as easy to sell used as some of the competition, which seem to have very good residuals.
Baldchap said:
The Model X doesn't see much use so we've decided to swap it for something smaller.
Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
Surely it will be better to keep it? Understand if you’d rather not talk numbers but how much was this thing and how much will it be worth now?Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
I remember with a lot of my cars when I had these thoughts of “it doesn’t quite fit in anymore” the cost to change it for the latest best fit vehicle always needed a sanity check and in reality keeping the one I had was by far the best option.
I also have found that genuinely useful cars (like the X must b) in the end find their use again.
Most dealers from other makes also dont accept cars unless you are buying one from them too.
I would be too worried about not being able to move the X. I for one would like to get one but eventually and not now. Got the M3 on order.
It will be easy to shift if it has free supercharging as that could mean free running cost so the buyer.
I would be too worried about not being able to move the X. I for one would like to get one but eventually and not now. Got the M3 on order.
It will be easy to shift if it has free supercharging as that could mean free running cost so the buyer.Julian Thompson said:
Baldchap said:
The Model X doesn't see much use so we've decided to swap it for something smaller.
Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
Surely it will be better to keep it? Understand if you’d rather not talk numbers but how much was this thing and how much will it be worth now?Naturally, my first thoughts were to call Tesla directly to see if they wanted it rather than us trade it. They don't. Apparently they only buy cars if you are purchasing a new Tesla.
A couple of dealers have told be they're an interesting proposition to get rid of (i.e. difficult), all of which says to me residuals are going to be pretty poor when word gets out you can't shift them easily.
I remember with a lot of my cars when I had these thoughts of “it doesn’t quite fit in anymore” the cost to change it for the latest best fit vehicle always needed a sanity check and in reality keeping the one I had was by far the best option.
I also have found that genuinely useful cars (like the X must b) in the end find their use again.
We have a service plan, lifetime free supercharging and every option going, so it'll be interesting to see what happens.
Its replacement arrives next week, so it's going to a local prestige dealer to sell for us on comission. Let's see what happens!
jay2000 said:
Most dealers from other makes also dont accept cars unless you are buying one from them too.
I would be too worried about not being able to move the X. I for one would like to get one but eventually and not now. Got the M3 on order. It will be easy to shift if it has free supercharging as that could mean free running cost so the buyer.
I've often sold cars to main agents I'm not buying from. You tend to do better than a trade to a dealer who doesn't deal in that marque. I would be too worried about not being able to move the X. I for one would like to get one but eventually and not now. Got the M3 on order.
It will be easy to shift if it has free supercharging as that could mean free running cost so the buyer.I can't be bothered with private sales due to test pilots and the like.
REALIST123 said:
Do you think that’s specifically the X?
To me it makes sense. It’s an odd sort of car, regardless of power train, for this country, unnecessarily big for most and not much of a looker.
I certainly couldn’t see me going for a used X unless it was very cheap.
I don’t see why the other models shouldn’t be as easy to sell used as some of the competition, which seem to have very good residuals.
You've probably noticed there are quite a lot of large SUV's on the road that are unnecessarily big for most. They're hugely popular in the UK.To me it makes sense. It’s an odd sort of car, regardless of power train, for this country, unnecessarily big for most and not much of a looker.
I certainly couldn’t see me going for a used X unless it was very cheap.
I don’t see why the other models shouldn’t be as easy to sell used as some of the competition, which seem to have very good residuals.
Looks are utterly subjective, plenty are fans of Tesla's styling I'm sure.
Current Tesla cars are all at the upper end of the luxury price range, notoriously the worst for residuals. The Model 3 will be the first mid range car but none of those on the used market yet to judge.
The biggest challenges to selling an X privately will be the inability to offer finance, the massive price cuts Tesla have made on new cars and the possibility that the OP's model is now out-dated and lacking range/spec/performance compared to a new one.
The EV market is moving very quickly so easy to get left behind.
Try https://www.rsymons.co.uk/ He may make you an offer, or if not offers a brokerage service to sell your car.
We sold our S1 Audi through https://motorway.co.uk/how-it-works completely effortless, got £1500 more than we where offered as trade in.
We sold our S1 Audi through https://motorway.co.uk/how-it-works completely effortless, got £1500 more than we where offered as trade in.
Baldchap said:
We knew when we bought it there was an element of gambling involved, and actually it isn't the Betamax it could have been. Tesla dropping £40k off list didn't help, but we got £25k off when we bought it (Tesla say they don't do this - they categorically DO!), so all things considered it's lost a chunk but it could be worse.
We have a service plan, lifetime free supercharging and every option going, so it'll be interesting to see what happens.
Sounds like a fully loaded car!!We have a service plan, lifetime free supercharging and every option going, so it'll be interesting to see what happens.
Our X was ineffect £75k new in Feb 2017, so in another 6 month or 3 it'll be 3 years old.
Industry standard depreciation is 50% at 3 years, if I put it up for £37.5k - so cheaper than a SR+ Model 3 I doubt I have an issues selling it.
We had 6 people in the car today + 4 suit cases even the Peugeot Expert van we hired on holiday struggled to do that is shows how much usable space the X has.
Given Kona's are still been sold for above list price at over £32k, I cannot see Xs depreciating much beyond £35k even at 5 years+ old which isn't bad given the price we paid.
However deprecation on a P100D L at 6 figures new price is a different matter, but would make a great used buy!! - Can you post a link, another X is about the only car I would swap ours for
.SWoll said:
The EV market is moving very quickly so easy to get left behind.
Our base X which we ordered in 2016 still has as much range as an iPace/eTron/Merc EQB, despite using a smaller battery and offering more utility.The recent software update also pushed charging speed to over 100KW which the iPace still cannot do.
Mine is also booked in to have a CCS retofit for £425, which will mean the car can charge on Tesla SCs, CHADEMO and CCS rapid chargers so the most versatile EV interms of been able to access rapid chargers.
With FSD option ticked as long as Tesla doesn't go bankrupt we'll also be getting the latest Autopilot CPU at somepoint.
Tesla have actually done a great job with their cars at keeping them uptodate, you can almost argue too good a job.
Upgrading to a new X for us would get us 5-10% better efficiency, newer suspension, and the ability to play some more complex Arcade games on the 17inch screen but that's about it. Hardly worth the £30k+ price needed for change!! - I would personally rather spend that money getting into a used P car.
Sold my S through R Symonds and he certainly knows his stuff as well as reassure any prospective buyers in the process. Took a loooong time though!! They do hang around for a bit but like any high priced car you just got to hang in there for the right buyer at the right price. Be prepared to drop it in price after a month.
I grew to really like the car and had no issues except software updates that changed the way autopilot worked. Mine had a very high spec too was a P model with free supercharging which was great until I realised how much time I spent there....
I now have a model 3 on order to replace my i3 so will home charge much more. I always fancied a model x but it’s just too much cash. Good luck on your sale BG. Where’s it going?
I grew to really like the car and had no issues except software updates that changed the way autopilot worked. Mine had a very high spec too was a P model with free supercharging which was great until I realised how much time I spent there....
I now have a model 3 on order to replace my i3 so will home charge much more. I always fancied a model x but it’s just too much cash. Good luck on your sale BG. Where’s it going?
Well I had a 11 MONTH OLD tesla 5k miles and had to take a hit of £25k because no one wanted it. Mistake Tesla owners make is they talk up the value, these are no longer a unique car, massive parts and service issues even if under warranty, you can often wait many many months for a part, ie main screen yellows replacement still not available some people waiting nearly a year. That's why the cars are hard to move on while fantastic technology build quality as poor not been seen from ICE car for over 10 years. I tried to sell on autotrader for two weeks no bites at all and dropped the price to the cheapest in the UK, eventually it went to a car buying company for £45k still I was plotting the price and it had dropped about £3k a week. Once they sort service and parts it might be a different story but oh the quality is so por.
Edited by mnk303 on Sunday 7th July 07:33
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