Post all your Tesla Model 3 and Model Y EDD updates and other delivery related posts here please
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That’s backs up my statement. They have to devalue them more to make it look like the customer will be in positive equity at the end. Prices are dropping like stones.
VW ID4 is another example at the moment. Has dropped mega money in the last month alone. ID3 following in its footsteps.
I have asked them while my last phone call and the lady said: weekdays only. I tried to press her saying that I work in the same hours as Tesla and have no other option, but she was relentless. I think weekdays only so :(
Ah yeah - agreed Gumbo - except don't think we are at normal yet - a bit of a swing the other way now by the looks of it if finance companies are devaluing cars by up to 80% in 3 years. Just wanted to highlight this to anyone thinking of PCP'ing their new Tesla to review their agreement before committing - repayment may be different than previously agreed.
Not trying to sell you anything mate. Just pointing out that Tesla GMFVs have been reduced because the finance company have lowered their projected resale value, allowing customers to have some equity.
And unless you sold the Tiguan for more than you bought it for, you didn't make a profit - the 'extra' is the equity mentioned above. Equity at the end of PCP contracts has been mostly very high the last couple of years due to COVID hangover on production etc but is careering back to 'normality' at breakneck speed. In my own case I traded in a VW ID4 for the Tesla (you seem to mistake me for a Tesla fanboy, believe me I'm anything but!) for €3k less than I paid for it two years earlier and an equity 'increase' (profit if you like) of 100% in that I put down €6500 at the start and came out with double that in equity. However, looking at asking prices for ID4s now I reckon I would receive significantly less (several thousand) for it than just two months ago. And at that, I guesstimate its value had already dropped €6k at least in the six months before I sold it. Put simply, the era of folks (myself included) making a killing on the residual value of their cars after three years is gone.
The thing is you sold just coming out of the best period for selling second hand cars in 20 years.
I made more money buying and selling in covid than I did in the 18 years of driving before that.
Everything was a profit. But we are getting back to normal now.
You're not exactly selling it to me - I made a very nice profit on a PCP'd Tiguan I sold recently - hate to hand that to Mr Musk - don't think he needs it as much as I do. I think I'll wait to buy your car for half price next year 😂😂
I chatted with Tesla today. The lady I spoke with told me that the cars originally due between 19 May-June 3 are on a boat that is delayed. As are all inventory “Ready for delivery” cars.
She explained that the next shipment of vehicles are expected in Ireland in mid June.
Take from that what you will.
Yesterday - less than 24 hours from my BOI online account to show as received by Tesla
I used to lodge money at 9am and it showed in my account shortly after 2pm same day b
When was this transfer initiated? Just wanted to understand how soon it reflects under My account?
It's a 35km drive so I'd imagine it's a matter of hours to clear an entire shipload of cars
Just as it was an easy number to recognise as a test transfer, and tiny enough not to make much of a difference if I got something wrong and it disappeared
Yes it reduces in line with what you put in.
why 3.45? #askingforafriend
Yes - the amount owed reduced by 3.45
Yes
Post making a certain payment, does the balance due amount decreases under Tesla account?
I paid 3.45 into the payment account and it showed up there in less than 24 hours - so al I need is a delivery date and I will start to transfer money.
Getting a bit more real now but not holding my breath given the ups and downs of the last few months
Exactly. Lower GMFV is better for the customer in the long run. Finance Ireland are dropping GMFVs simply because they think it's likely Teslas will be worth feck all in three years.
In another thread Tesla values 2016 model S at 11k which was around 100k I think when new. That would suggest 27% annual depreciation at lest according to Tesla company. I think ideal situation for PCP is final payment being lower than valuation by amount of deposit, so customer can trade-in car easily. Perhaps that is reason why GMFV is lowered.
True but in my case its for a MYLR - so no recent price change - so now have risk of reduced Grant, increased repayments etc etc - Thinking of holding out a little longer now - cancel and buy a banger and see where this all settles
I also had this communication from First Ireland regarding my 3. One thing to note depending on when your ordered is in my case First Ireland were still doing the math based on the price of €43558.30 from my original order agreement, not the price dropped figure of €40,332 that the car will cost me. Finance Ireland dont appear to have had the revised pricing communicated to them yet so if there has been a price drop between your order and now and you have not received a revised order acnknowledgment then the figures quoted to you may still be wrong. Either way the revised GFMV will have an affect but the extent may differ by person.
Saturdays yes, Sundays NO.
They do work on the Bank Holiday Monday though.
Folks - Shane Hunt from Finance Ireland has confirmed to me today that they are significantly dropping the GMFV of Model Y (and presumably all Teslas) if you are opting for PCP on your new car. The Teslas website has been updated to reflect this - so if considering PCP for your new Tesla I suggest you go look at the new figures being quoted on Teslas website. In my case I had proposed a deposit of €20k and do remainder on PCP over 3 years, repayments were to be €409pm now look like they will be circa €554pm. Finance Ireland claim they are doing this to protect the customer - but by dropping future values and reducing the mileage allowed is concerning and will make your car significantly more expensive - so worth looking at alternative financing methods if an option.
When I was given my choice of dates I only had weekdays.
My original order went from Feb-March to July-Sept, April-May, May-June. My collection appointment was changed 3 times due to VRT issue. I was a week away from cancelling, having been without a car for 5.5 months. ( I got a good deal and sold my leaf on the basis of the FEB-MARCH window) I paid in full a week before 1st collection appointment but it was a month later picking it up. Apart from the car being fairly dirty, it was sitting for over a month at Baldonnell, the car has made it all worth it. It's a joy to drive and for those of you being messed around with dates and collection times, it will more than make up for it. Stay the course!
Do Tesla have collections on Sat/Sun and are they normally heavily booked on these days?
I’m not sure, possibly. I didn’t think it was impacting on the MYLR but I wouldn’t be sure.
Feb/mar is a bummer.
Is your car caught up in the Revenue mess?
Initially? Feb/March, 6 changes since. Two verbal guarantees from Tesla staff that it would be here in March and then again in April.
