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This week's EV bargain that I'm not buying

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Comments

  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    All fair enough, but I’m guessing he sold it for what the first interested buyer was willing to offer - yes in retrospect it’s ‘cheap’, but hammer prices usually reflect the market. Theres absolutely zero tesla 2nd hand main dealer market, so the market for them is mostly people who would love a new one but can’t afford it - so they’re only looking for keenly priced low mileage ones.

    in March we were offered €26k on a 192 m3 sr+ on a trade in. We didn’t take it, but I can’t see a private ad achieving anything more today, probably less.



  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    I've had this base white m3 ad saved since Jan/Feb when they were looking for a premium for immediate delivery, something like €48.9k.

    its now a 232 zero mile car and not a 231, so I’m guessing it’s new and unregistered??

    As a private ad, (with a tonne of tesla ad ‘guff’), this isn’t selling until it’s €40k at very very most.

    https://www.carzone.ie/used-cars/tesla/model-3/used-2023-231-tesla-model-3-new-232-dublin-fpa-202209169829448

    Even some of Tesla’s overpriced inventory cars are better value and you get some sort of delivery day experience



  • Moderators, Home & Garden Moderators Posts: 7,265 Mod ✭✭✭✭graememk




  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    Definitely the same car, Parked on the same dull day in the same spot :)



  • Registered Users, Registered Users 2 Posts: 14,308 ✭✭✭✭wotzgoingon


    How can you have a car unregistered? I mean a dealer I think can do that but I didn't know a private seller could. That is if it's the same car.

    Tesla screwed him anyway with the price drops. He thought he was going to make a killing and now has been stuck with the same car a fair few months now.



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  • Registered Users, Registered Users 2 Posts: 193 ✭✭Jog501


    He paid 52k for the car last September, I have texts with him refusing to budge from then. He really needs to cut his losses but he's very stubborn.



  • Registered Users, Registered Users 2 Posts: 1,654 ✭✭✭Redfox25


    It's fraudulent to try and sell a 222 plate as 232 though.



  • Registered Users, Registered Users 2 Posts: 60,114 ✭✭✭✭unkel


    The Model Y RWD in white (only free colour at the time) was €63k last September. The price drop was on 14th October 2022 down to €54k on the road for a white one. And before deliveries started the price dropped again to €46k on the road for a white or black one on 13th January 2023. So from that, I presume he paid €46k for it...

    My guess is he then took delivery in H1, 2023 so the car has a 231 reg. Not sure why he is advertising as 232?

    "Make no mistake. The days of the internal combustion engine are definitely numbered" - Quentin Willson, 1997



  • Registered Users, Registered Users 2 Posts: 329 ✭✭E30M3




  • Registered Users, Registered Users 2 Posts: 60,114 ✭✭✭✭unkel


    Oops, my bad! Just presumed it was a Model Y 😊

    "Make no mistake. The days of the internal combustion engine are definitely numbered" - Quentin Willson, 1997



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  • Registered Users, Registered Users 2, Paid Member Posts: 5,141 ✭✭✭...Ghost...


    Not a bargain anyway

    Stay Free



  • Registered Users, Registered Users 2 Posts: 193 ✭✭Jog501




  • Registered Users, Registered Users 2 Posts: 10,639 ✭✭✭✭User1998


    God you’d be sick after buying a €63k+ Model Y last September



  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    v interesting to hear it’s a real car anyway.

    however, the car he’s selling has plates on it for sure, and can only be either 222 or 231 if he delayed collection.

    As for the zero miles, assuming that’s still true, why decide to not even drive the car after taking delivery.

    honestly, it’s bizarre. The only choice is to bite the bullet on the depreciation, or else keep it and drive it.



  • Registered Users, Registered Users 2, Paid Member Posts: 34,295 ✭✭✭✭listermint


    Core reason I simply don't trust tesla. Whatever about their price impact on other marques they really truly screw over their own customers poorly. Its actually unfair.



  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    Most tesla drivers don’t seem to care, probably because the depreciation loss isn’t crystallised until the time comes to sell.

    Remember the tesla CEO told the markets in 2019 that Tesla’s were ‘appreciating assets due to their self driving abilities’?

    my sister has a €65k 212 M3 LR (no grant aid) on the 4.5% tesla/AIB finance, so she’ll be all in for about €69/70k once paid off over a 5 year plan.

    that same no-option car is sold new for €49k today and hers has 80,000km and worth maybe €35k as a trade in. For now, she doesn’t seem to care less tbh :)



  • Registered Users, Registered Users 2 Posts: 60,114 ✭✭✭✭unkel


    Depends on your viewpoint. I much prefer a company that screws an early idiot fanboi buyer that clearly paid over the odds and then lowering the price, again and again, to offer by far the best value for money EV on the market. I'd buy after the again and again (me) 😁

    The fanboi (your sister) isn't screwed either as they were desperate to buy the car even at the super high price and they must have the latest gizmo, price doesn't matter. Can you not see the difference in the type of buyer for these cars? And that neither has a problem with what you consider to be a problem? "Unfair"- seriously, are you just whining / trolling for the sake of it?

    "Make no mistake. The days of the internal combustion engine are definitely numbered" - Quentin Willson, 1997



  • Registered Users, Registered Users 2 Posts: 2,271 ✭✭✭Paul Kiernan


    He was selling a white M3 before Christmas so he would have bought it for 53k. I know because I was selling a white M3 at the same time and we were both undercutting each other on price! I won! Or lost depending on how you look at it!

    Whether this is the same car I'm not sure. I can't see the USS on the bumpers whereas the 2022 definitely had USS. Nut maybe they're there and the photo doesn't pick them up?



  • Registered Users, Registered Users 2, Paid Member Posts: 34,295 ✭✭✭✭listermint


    That's because she isn't trading it. And doesn't care. I can 100 percent guarantee she'll be the first to complain of the laughable offers she gets when it comes to sale time.

    It's fairly absolutely striking people actually legitimately defend tesla in this practice chopping prices multiple times over 6 months.

    If that doesn't should captive audience I don't know what does. It's like apple owners...



  • Registered Users, Registered Users 2 Posts: 4,434 ✭✭✭sk8board


    Agree she doesn’t care, until resale time.

    that said, really what’s happening here that depreciation is now a thing again, especially for tesla with their lack of secondary dealer market.

    its not much difference to what would’ve happened 6-8 years ago if she had a 2 year old €65k Audi a6 with 80,000km, albeit the price of the Audi wouldn’t randomly drop €15k.

    being an early adopter always comes at a price. It’s the nature of the beast.

    Post edited by sk8board on


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  • Registered Users, Registered Users 2 Posts: 10,639 ✭✭✭✭User1998


    So it’s unacceptable for a company to actually reduce their prices for customers, making their cars more affordable and accessible, but if a company does the opposite and increases their prices then thats perfectly fine? Makes no sense what so ever.

    And didn’t Volkswagen drop the price of their E-Golf by about €5k not long ago?



  • Registered Users, Registered Users 2 Posts: 4,477 ✭✭✭joe1303l


    The e-Golf was overpriced compared to its ICE versions and selling in very small numbers prior to the €5K price drop. VW also needed to clear the decks to make way for the ID.3. e-Golf production then dragged on longer on a MK7.5 platform longer than anticipated due to several delays in launching the ID.3. Despite the €5K price cut, e-Golf residuals have held up really well considering it’s limited range.



  • Registered Users, Registered Users 2, Paid Member Posts: 13,337 ✭✭✭✭the_amazing_raisin


    It's okay to drop prices before I buy something but not okay to drop prices after I've paid the higher price 😉

    Personally I'm happy to see prices going down for a change, even if it means actual depreciation on my car.

    I can understand being annoyed with Tesla if I'd bought one at the higher price last year, but that's how things go sometimes.

    On the flip side, was it right for people who'd bought EVs in 2019-2021 to be laughing at having no deprecation and sometimes even selling the car at a profit?

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users, Registered Users 2 Posts: 6,327 ✭✭✭creedp


    I know it was not well received previously but the only way to mitigate the impact of the price drop is to keep buying Tesla, at least the cost of change won't be prohibitive



  • Registered Users, Registered Users 2 Posts: 1,861 ✭✭✭poker--addict


    It's obviously annoying to see something you buy have a price change down after, but it's a depreciating asset in the first instance and until you sell it's irrelevant. Sunk cost phallacy theory is worth a read and explains the emotions. I'd feel a lot worse if an investment went down in price, which they also do unexpectedly!

    😎



  • Registered Users, Registered Users 2 Posts: 1,861 ✭✭✭poker--addict


    Been watching M3s for several weeks and used stock is moving but very slow. Have people got hit with depreciation so bad they are clinging onto a price? New M3 can be got for 42, and typical done deal used with 2020 plus minus a year with medium to high miles is 36-37k, making new one a no brainier.

    😎



  • Registered Users, Registered Users 2 Posts: 14,308 ✭✭✭✭wotzgoingon


    2020 plus minus a year with medium to high miles is 36-37k

    Are they selling though at those prices. Or are they wishful thinking sellers.



  • Registered Users, Registered Users 2, Paid Member Posts: 34,295 ✭✭✭✭listermint


    It can't be the same though as the audi as you've pointed out. The Audi won't randomly drop by 15k.

    The model y is a good example imagine buying one for 65k in 2022. And people are buying them new from the same shop for 20 grand next. That's not a 20 grand drop for you in a year its over 25k. As no ones going to buy yours for close to new.

    In 12 months that's a sizeable hard swallow. And not really compatible to any brand. Also to point out everyone is fully aware a vehicle is a depreciating asset. But there's also some sensible recognition there's still alot of value in a 2 year old car in order to finance the next one. Tesla has borked that concept possibly to the detrement of itself?



  • Registered Users, Registered Users 2 Posts: 1,861 ✭✭✭poker--addict


    That's my point, same cars. They are the same cars sat there for weeks. I expect usual behaviour of people trying to sell cars is to have it moved on in 2-3 weeks?

    In their defence, newer adverts aren't coming on and undercutting them, so there is a low supply element to the second hand market, which may prop up their wishful thinking, maybe they have a blind spot/denial around availability and price. For just a bit more people can go new. Some will argue about alloy wheels upgraded or performance of these used stock, but second hand market tends to prioritise price and age and KM, even if aesthetics/perf rank 3rd the new car wins with the current small price gap.

    if one or two would drop their prices 5k then market would probably rebalance quickly- and I could purchase a second Tesla 😀

    😎



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  • Posts: 1,330 ✭✭✭ [Deleted User]


    Any bargains?



This discussion has been closed.
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