3 ms·

How do you sell used Teslas for more than new? Started seeing this frequently over the last couple months. Makes it hard for me to pull the trigger Today's: ht

How do you sell used Teslas for more than new? Started seeing this frequently over the last couple months. Makes it hard for me to pull the trigger Today's: https://imgur.com/a/A2PbB7J https://imgur.com/a/A2PbB7J

rootusrootus 7y ago
As unbelievable as it sounds, there is a whole segment of the car-buying public that is so convinced that used cars are always a better financial choice that they won't even look at new cars. I had this exact observation when talking to a used car salesman at a lot that sold both new cars and used ones right next door to each other. His used cars of the same model were more expensive than the new ones (which had big rebates). I asked how that even worked, and he enlightened me that it isn't the same market for the same customer, so it doesn't matter.
- dwaltrip 7y ago
  When is a new car a better financial choice?
  - NullPrefix 7y ago
    Mostly when it's cheaper
  - mywittyname 7y ago
    Buying a car is never a sound financial choice. That being said, if you buy a new car from a company that is known for solid resale value, you keep it for a long time, and you maintain it well, you may end up with nearly the same TCO over 10 years as a used one. Timing can also work in your favor. If you buy a new car when car sales are down, once demand picks back up, the value of your car will rise along with demand. Not saying you'll make money on the deal, but that depreciation can reverse. Take 2009 for example, car sales in the US fell by nearly half. So if you bought a new car for $20k, it might have been worth maybe $13k or so on the used market in 2011, but by 2013, used car prices were going crazy and the same car might have fetched $16k. I've been tracking the monthly value of all my cars in a spreadsheet for a decade now. It's kind of interesting to watch how much the KBB value fluctuates each month.
deleted 7y ago
[deleted]

rootusrootus 7y ago

As unbelievable as it sounds, there is a whole segment of the car-buying public that is so convinced that used cars are always a better financial choice that they won't even look at new cars. I had this exact observation when talking to a used car salesman at a lot that sold both new cars and used ones right next door to each other. His used cars of the same model were more expensive than the new ones (which had big rebates). I asked how that even worked, and he enlightened me that it isn't the same market for the same customer, so it doesn't matter.

dwaltrip 7y ago
When is a new car a better financial choice?
- NullPrefix 7y ago
  Mostly when it's cheaper
- mywittyname 7y ago
  Buying a car is never a sound financial choice. That being said, if you buy a new car from a company that is known for solid resale value, you keep it for a long time, and you maintain it well, you may end up with nearly the same TCO over 10 years as a used one. Timing can also work in your favor. If you buy a new car when car sales are down, once demand picks back up, the value of your car will rise along with demand. Not saying you'll make money on the deal, but that depreciation can reverse. Take 2009 for example, car sales in the US fell by nearly half. So if you bought a new car for $20k, it might have been worth maybe $13k or so on the used market in 2011, but by 2013, used car prices were going crazy and the same car might have fetched $16k. I've been tracking the monthly value of all my cars in a spreadsheet for a decade now. It's kind of interesting to watch how much the KBB value fluctuates each month.

deleted 7y ago

[deleted]