Tesla Model 3 - V3.0

I’m still happy with my 222 M3. My first reaction to the price drop is that I could have gotten the red instead of the blue 🤣🤣

Personally I love the interior, I'm 6 foot tall and find it very comfortable. But I get why some might not like it.

In my case it means an older used EV (still perfectly functional & healthy battery) will go on the market so will hopefully allow someone else entry into EVs. I'm sure there'll be others similar that are trading up from other EVs.

Very interested to see what happens with the used stock that Tesla has themselves.

I’m trying to remember the original SR+ price, was it €49k? I had a deposit in March 2016 but cancelled long before the 192’s started arriving.

I’ve been watching M3 ads on carzone for about a year and for sure the LR’s were the ones with a more normal depreciation curve, coming down pretty close to SR+ for a 2020/21. LR’s seem to sell too at that money, but most of my saved SR+ are all still there, at silly money usually.

there were 40-45 M3’s on carzone for months, give or take, 47 yesterday after this news broke and 57 this morning, albeit €42k still the cheapest, a 192.

has there ever been a situation where a new car was so much cheaper than the 2nd hand market?

If I was in the market to upgrade to a new RWD, I’d probably put my 2020 SR+ (which cost in or around €49k) in about €40k to try and shift it quick…. A few months ago Tesla offered me €44k for it!! So I’d still try them too and see what they’d offer (much less now I assume).

But as much as I’d love to get a new RWD for almost every upgrade the cars gotten since the Model 3 first arrived here, I just don’t really need to! My car is still fantastic… (except for auto wipers, auto wipers are sh1t)

We’re mortgage clear in 3 months, but have since taken on a smaller mortgage abroad with the intention of clearing it in 5 years… so maybe then we’ll get a new one…. And sell the current one for whatever it’s worth at the time..

And knowing Tesla, I’d buy one this year and within a few months the facelift version will probably be out..

Happy to know that for the foreseeable future anyway, a Tesla remains an affordable car for us.

Most of the ads have not yet even readjusted to the Tesla reductions in used stock last December so it will take a while longer for them to be parked up before they lower the prices in line with 2023 new prices, assuming 3-4k depreciation per year.... I imagine they refresh their prices against their own market valuation tools monthly, informed by shared data on sales data, and then slowly bring them in line.

I don't think an SR+ 2019 is worth more than 33-34k max these days, say with <50k km. Four years of depreciation on a €46,782 base price (2019, including white and black) and typically lots of mileage. We are roughly at that price minus €2000 again in white, €45660 for a 231 RWD in other colours except red. The Irish market is small and pricing is conservative.

Since boards search function is terrible, I'm unable to find the posts that has the details of what needs to be in the email quoting the relevant section of distance selling rules for the deposit refund.

I know a few on here have successfully recovered their €250. Any help appreciated otherwise I may end up with 2 Teslas next month 😂

Thanks

I saw the price reductions yesterday and my first thought was I wonder if I should buy another! I have a 222 blue on white with the 19' wheels so you can imagine the difference in price between when I bought and today 😱.

I decided to see what Tesla would offer me for trade in with 10k Kms on it now. €29,300 is the number I just received. That's some depreciation (>50%) in less than 4 months. I was offered 46k for trade in in December.

Interestingly the model Y I originally ordered in late October has an estimated delivery of February 18th - March 6th while the model 3 I ordered yesterday has February 23rd - March 11.

Assuming that these estimates are fairly accurate, they must all be arriving on the same boat.

@Dasein , I seem to recall you had put a deposit on a 2021 black model 3.

What are you thinking of doing now?

A new 3, a new y? Rwd or LR?

Great options to have at the moment!

Yep - I have just formally cancelled it.

Not sure what to do now tbh, the whole thing is a bit crazy.

I think model Y LR (I need the range) is the sweet spot for me but I'll probably wait a month or two to see what the next big reveal is - if they're going to bring back radar then I'd be happier to wait for that.

Really hard to know what may happen in the next 6 to 9 months regarding pricing.

They may have just reduced prices for all of the built up stock they have to clear (along with the uss debacle).

Or maybe it's a more permanent thing to keep demand matching supply.

I don't think any other brand could make such massive pricing reductions and still make a profit.

The model Y RWD is a great example;

- Up to Oct 22 - approx €65k

- Oct 22 - Drop to €53k (including grant)

- Jan 23 - Drop to €46.5k (including grant)

Nearly a 20k drop in 4 months!!

Anyone considering an ionic 5 / ev6 / id4 etc would be crazy not to consider Tesla now imo

Seems a bit short sighted of Tesla to give such a low ball valuation. I can understand that they want/don’t want stock at different times but they also have a big influence on the used tesla market rates here. Obviously a 2022 M3 would take a hit after yesterday but it be better for Tesla in the long run to influence this price drop rather than watching it free-fall. I’d suggest something in the region of €38K+ would be nearer the money. Independent used car dealers with a few Teslas in the yard are going to be really spooked after yesterday. Tesla trade in values like this will fuel this fire. If you’re happy with your 222, you’re as well to just keep it for a couple of years and let the depreciation level out.