tesla buying options

tesla buying options

Author
Discussion

Craigyboy143

Original Poster:

32 posts

8 months

Monday 27th May
quotequote all
Hi guys,

I'm looking at buying 1 maybe 2 tesla's I'm sold on the idea, my wife wants an EV we both do a fair bit of commuting and can charge at home so will save a good wedge of fuel each week. I also like tesla's test drove the y and the new 3 and thought both were amazing.

so to my point I'm not sure which way to buy I keep going around in circles with the best way to do it. we are if a fortunate position so could buy both for cash. we are thinking defo a model y and maybe a m3 a but further down the line.

so do we buy 2 secondhand tesla's they have already dropped in value so getting much more for the money.

do we wait for the new y to come out as the old y's will drop in value. but tesla are doing some good deals at the moment.

get a new M3 or older m3 as they have already dropped in value so could get a m3 performance with low milage for around 30k? or just get a new highland for 40k and will hold its value better?

ahhhh so many options biggrin the problem I see with the new versions is that they seems to drop massively come the time to sell them, where as the secondhand cars then seem good value. but then if i own a second hand car for a few years it will likely be out of warranty and almost worthless?


what's everyones experience and what would you do next time?

Mr E

21,839 posts

262 months

Monday 27th May
quotequote all
If it wasn’t massively tax efficient to salary sacrifice a new one, I’d buy a 2 year old one and repeat every 3-5 years depending on finances.

smn159

12,968 posts

220 months

Tuesday 28th May
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Well if you're buying two why not split the risk and buy a new(er) one plus another that's further down the depreciation curve?

I bought a 2016 model S recently for under £15k and it's brilliant. Everything works, still 220 miles range and a lovely thing to drive. Pre 2017 avoids the tax hike and if you go earlier you can still get free supercharging for life.

jonathan_roberts

341 posts

11 months

Tuesday 28th May
quotequote all
We have a 2024 Model 3 LR, and a 2023 Model Y LR. If I was in your position I’d buy the new model 3 first, then get an updated model Y next. The highland is such a huge upgrade in terms of ride comfort and build over our model y. The model y is still a great car but I would definitely wait for the update.

If you're not bothered about buying new ones then it doesn’t matter which you buy first. But if I was buying new the above would be my strategy.

Craigyboy143

Original Poster:

32 posts

8 months

Tuesday 28th May
quotequote all
jonathan_roberts said:
We have a 2024 Model 3 LR, and a 2023 Model Y LR. If I was in your position I’d buy the new model 3 first, then get an updated model Y next. The highland is such a huge upgrade in terms of ride comfort and build over our model y. The model y is still a great car but I would definitely wait for the update.

If you're not bothered about buying new ones then it doesn’t matter which you buy first. But if I was buying new the above would be my strategy.
interesting to hear about the quality difference, ive not really heard many people saying the y had quality issues? how do you find the highland then?

thanks guys some good advice there. thinking of the M3 highland and waiting for the Y to come out and see how much second hand drops

FWIW

3,111 posts

100 months

Tuesday 28th May
quotequote all
He didn’t say the Y had quality issues.

FWIW

3,111 posts

100 months

Tuesday 28th May
quotequote all
Assuming private purchase?

I wouldn’t buy new, unless it was a company purchase.

jonathan_roberts

341 posts

11 months

Wednesday 29th May
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Craigyboy143 said:
jonathan_roberts said:
We have a 2024 Model 3 LR, and a 2023 Model Y LR. If I was in your position I’d buy the new model 3 first, then get an updated model Y next. The highland is such a huge upgrade in terms of ride comfort and build over our model y. The model y is still a great car but I would definitely wait for the update.

If you're not bothered about buying new ones then it doesn’t matter which you buy first. But if I was buying new the above would be my strategy.
interesting to hear about the quality difference, ive not really heard many people saying the y had quality issues? how do you find the highland then?

thanks guys some good advice there. thinking of the M3 highland and waiting for the Y to come out and see how much second hand drops
There's no quality issue, but the new model 3 is a huge upgrade in every way over the old model 3, so if there is a similar upgrade coming to the model Y I would wait

jonathan_roberts

341 posts

11 months

Thursday 30th May
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Another reason I’d go for the model 3 over the Y if I didn’t need the space of the Y. This was today. Left home with 98% battery, drove 456km at speeds of up to 150kmh but mostly 140kmh cruise (max for autosteer). Other than a wee I didn’t stop. Had 8% when I arrived. No supercharging necessary. Total electricity cost for the full charge (500km) was €4.13. Less than 1 cent per km.


RayDonovan

4,570 posts

218 months

Wednesday 19th June
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I'm in the Model Y/3/new/used predicament too.

I was set on the PCH Model Y LR, but doing the numbers it doesn't make much financial sense. Will probably go for a '22 Model 3 LR and do 50% cash/50% loan.

PCH was coming out at over £600/month for a new MY.

Gone fishing

7,283 posts

127 months

Wednesday 19th June
quotequote all
There seems to be two camps on the new M3, and at the risk of generalisation, a lot of existing M3 owners aren’t finding the new version as noticeable an upgrade as they’d hoped for, or at least not one worth the price gap to change. The other group are people who own either early M3s (which were pretty dodgy in a number of respects) or not driven one before.

The smart money is probably on 1-2 year old car with the Ryzen screen/mcu, still a fair amount of warranty and pretty much up to date on the tech. Buy new.. well Musk is already talking about yet another iteration of the self driving hardware (not that it self drives in Europe), so buy a new car and it could be out of date tech wise within a year.

James6112

4,630 posts

31 months

Thursday 20th June
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The Tesla finance looks pricey on the 3
Especially since the 24 Polestar 2 is 0% with the plus pack free of charge..
More practical with the hatch.

RayDonovan

4,570 posts

218 months

Thursday 20th June
quotequote all
James6112 said:
The Tesla finance looks pricey on the 3
Especially since the 24 Polestar 2 is 0% with the plus pack free of charge..
More practical with the hatch.
I'd looked at a Polestar but the residual was really poor affecting the monthlies..

RayDonovan

4,570 posts

218 months

Thursday 20th June
quotequote all
Gone fishing said:
There seems to be two camps on the new M3, and at the risk of generalisation, a lot of existing M3 owners aren’t finding the new version as noticeable an upgrade as they’d hoped for, or at least not one worth the price gap to change. The other group are people who own either early M3s (which were pretty dodgy in a number of respects) or not driven one before.

The smart money is probably on 1-2 year old car with the Ryzen screen/mcu, still a fair amount of warranty and pretty much up to date on the tech. Buy new.. well Musk is already talking about yet another iteration of the self driving hardware (not that it self drives in Europe), so buy a new car and it could be out of date tech wise within a year.
Agree on the last paragraph. Loads being added to Autotrader every day at the moment.



therams

252 posts

188 months

Thursday 20th June
quotequote all
James6112 said:
The Tesla finance looks pricey on the 3
Especially since the 24 Polestar 2 is 0% with the plus pack free of charge..
More practical with the hatch.
The polestar boot with hatch is really shallow. Feels like it should be the right idea but it isn’t very practical

If you have a dog to go in the boot then neither polestar or M3 will work

no dog = M3

M3 boot is really large. Like 2 huge cricket bags, stuff under the false floor and still with space to use large

James6112

4,630 posts

31 months

Thursday 20th June
quotequote all
RayDonovan said:
James6112 said:
The Tesla finance looks pricey on the 3
Especially since the 24 Polestar 2 is 0% with the plus pack free of charge..
More practical with the hatch.
I'd looked at a Polestar but the residual was really poor affecting the monthlies..
Hi
Not a lot in it TBH..
Both 5k deposit
£40K tesla after 4 years £15496 £527 a month (6k interest charges)
£45k polestar after 4 years £15598 £507 a month (0 interest)
Tesla giving free 15k Supercharging
Polestar free plus pack

RayDonovan

4,570 posts

218 months

Thursday 20th June
quotequote all
James6112 said:
RayDonovan said:
James6112 said:
The Tesla finance looks pricey on the 3
Especially since the 24 Polestar 2 is 0% with the plus pack free of charge..
More practical with the hatch.
I'd looked at a Polestar but the residual was really poor affecting the monthlies..
Hi
Not a lot in it TBH..
Both 5k deposit
£40K tesla after 4 years £15496 £527 a month (6k interest charges)
£45k polestar after 4 years £15598 £507 a month (0 interest)
Tesla giving free 15k Supercharging
Polestar free plus pack
Thanks, interesting. I think I was potentially looking at a used Polestar v Tesla but might have another look