4 ms·

Resale value is starting to ward some people off. You can buy 1-2 year old used Teslas and BYD's in Australia for ~30% below retail. Meanwhile Toyota hybrids

by nikcub 9mo ago

Resale value is starting to ward some people off. You can buy 1-2 year old used Teslas and BYD's in Australia for ~30% below retail. Meanwhile Toyota hybrids not just retain their value but there have been moments where used RAV4's are listed above retail because the waitlist for new was so long.

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legobmw99 9mo ago
The poor resale market for EVs just means that people who actually have some understanding of the battery lifespans can get very good deals on 1-2 year old cars
rootusrootus 9mo ago
Tesla is a special case because they manipulate their pricing on a monthly, sometimes daily basis, and in the past they've changed the price quite significantly. In the US, the tax credits also really screw with the market dynamics. Lots of people think the car depreciates really quickly because they don't realize the original buyer didn't pay MSRP. I paid $20K under MSRP for my Lightning and in the just over a year I've owned it, the value has dropped about 7-8K. Pretty normal for the first year of a new vehicle.
- simondotau 9mo ago
  Most other car prices are "manipulated" on a minute-by-minute basis, insofar as pricing is different for each customer, based on their their willingness to go hard in negotiation, manufacturer incentives, demand levels, stock levels, finance packages, and the current mood of the dealership principal. The difference with Tesla is that their current "best price" is published out in the open.
  - rootusrootus 9mo ago
    That can be true, but at least in the case of Ford's EVs, many (maybe even most, for a while) of us did not really negotiate with the dealer, the price came from Ford. The dealer wasn't even allowed to negotiate, in fact.
neogodless 9mo ago
This makes me laugh. We're early on the curve, but yeah you can get amazing deals. Bought a $67K Polestar 2 with 20K miles on it for $29K. So yeah, depreciation keeps me from buying $67K new cars (regardless of their powertrain.)

by nikcub 9mo ago

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legobmw99 9mo ago

The poor resale market for EVs just means that people who actually have some understanding of the battery lifespans can get very good deals on 1-2 year old cars

rootusrootus 9mo ago

Tesla is a special case because they manipulate their pricing on a monthly, sometimes daily basis, and in the past they've changed the price quite significantly. In the US, the tax credits also really screw with the market dynamics. Lots of people think the car depreciates really quickly because they don't realize the original buyer didn't pay MSRP. I paid $20K under MSRP for my Lightning and in the just over a year I've owned it, the value has dropped about 7-8K. Pretty normal for the first year of a new vehicle.

simondotau 9mo ago
Most other car prices are "manipulated" on a minute-by-minute basis, insofar as pricing is different for each customer, based on their their willingness to go hard in negotiation, manufacturer incentives, demand levels, stock levels, finance packages, and the current mood of the dealership principal. The difference with Tesla is that their current "best price" is published out in the open.
- rootusrootus 9mo ago
  That can be true, but at least in the case of Ford's EVs, many (maybe even most, for a while) of us did not really negotiate with the dealer, the price came from Ford. The dealer wasn't even allowed to negotiate, in fact.

neogodless 9mo ago

This makes me laugh. We're early on the curve, but yeah you can get amazing deals. Bought a $67K Polestar 2 with 20K miles on it for $29K. So yeah, depreciation keeps me from buying $67K new cars (regardless of their powertrain.)