Might need to replace car: are used Tesla's the value play right now?

[Carguy85]

A Dodge charger with the base engine is worth considering as a daily driver.

At least in my area there is a negative connotation to these…typically driven by nefarious individuals or punk kids. I’m sure insurance premiums reflect this….speaking with my insurance agent, noticing daily what cars are driving reckless, and what parts of town these cars are in has in part shaped my opinion. Maybe it’s totally not the case where you live I suppose.

[flyingcows]

A Dodge charger with the base engine is worth considering as a daily driver.

At least in my area there is a negative connotation to these…typically driven by nefarious individuals or punk kids. I’m sure insurance premiums reflect this….speaking with my insurance agent, noticing daily what cars are driving reckless, and what parts of town these cars are in has in part shaped my opinion. Maybe it’s totally not the case where you live I suppose.

Insurance is a good point, I was surprised at how much insurance can differ between choices like a Civic or CRV. The civic was 12% more expensive to insure, even though the CRVs value is about 30% more than the Civic.

Makes me wonder what it must cost to insure a full size pickup, those tend to be the most aggressive and reckless drivers where I live, it's not even close

[rockstar]

EVs are getting crushed right now in the used car market.

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[Carguy85]

Makes me wonder what it must cost to insure a full size pickup, those tend to be the most aggressive and reckless drivers where I live, it's not even close

Around these parts dodge truck drivers are the worst!…(I own one btw). The one I recently saw going 20-30 over the speed limit with his (or someone’s) babies in the back seat was so cliché.

[OrangeKiwi]

I shopped for a car recently and decided on Model Y over RX and other Toyotas. The Y was $20k cheaper for better software features and better torque, and less cost per month for remote start, and the monthly cost includes data unlike Toyota. Also, spent 30min total buying and picking up the Model Y, whereas I would have spent hours at a Toyota/Lexus dealership.

The Model Y might feel cheaper, but the seats are perfectly fine for me, and the rest doesn’t bother me due to paying $20k less and saving time. Biggest negatives are the turning radius of the Y is enormous, and lack of CarPlay.

[Slick8503]

Prior to new year purchased a new equinox EV LT with optional safety and comfort package for 28k including sales tax and 7500 fed rebate. Did not think a used Tesla made sense when a new car with arguable better build quality can be bought for similar cost. My intention is to keep for >10 years.

[whodidntante]

A Dodge charger with the base engine is worth considering as a daily driver.

At least in my area there is a negative connotation to these…typically driven by nefarious individuals or punk kids. I’m sure insurance premiums reflect this….speaking with my insurance agent, noticing daily what cars are driving reckless, and what parts of town these cars are in has in part shaped my opinion. Maybe it’s totally not the case where you live I suppose.

You can't have a sweet ride that's reliable and cheap without giving up something. Then again, I rocked a Town Car for a decade without a single grey hair. People around me still bring up that car.

[Carguy85]

I rocked a Town Car for a decade without a single grey hair. People around me still bring up that car.

My buddy just got a 2010 Towncar with 100k mi in like new condition for $5k! I’m soooo jealous. I’ve had many new cars and honestly nothing quite as comfy as his town car. Class for days and extremely reliable…for more of each than a Cadillac of the same vintage. I’ve seen several with 300k+ …even one with over 500k. I got the privilege of a few hour trip in it the other day and was blown away at how nice it rode and how quiet and comfortable it was. They are totally off most people’s radar but can’t think of a better vehicle that has timeless class, comfort, and reliability for anywhere near that price point. Our $70k 2023 Tahoe isn’t as comfortable as that car.

[whodidntante]

I rocked a Town Car for a decade without a single grey hair. People around me still bring up that car.

My buddy just got a 2010 Towncar with 100k mi in like new condition for $5k! I’m soooo jealous. I’ve had many new cars and honestly nothing quite as comfy as his town car. Class for days and extremely reliable…for more of each than a Cadillac of the same vintage. I’ve seen several with 300k+ …even one with over 500k. I got the privilege of a few hour trip in it the other day and was blown away at how nice it rode and how quiet and comfortable it was. They are totally off most people’s radar but can’t think of a better vehicle that has timeless class, comfort, and reliability for anywhere near that price point. Our $70k 2023 Tahoe isn’t as comfortable as that car.

My friend told me "I wish I had the guts to buy that car." I didn't think it took courage. Just clear priorities.

[abracadabra11]

..less cost per month for remote start, and the monthly cost includes data unlike Toyota.

Remote start costs nothing on the model y. You don't need to subscribe for it.

[YeahBuddy]

I agree with leasing a Tesla if you really want one. They are a few hundred bucks (up to $600 for performance models) per month to lease.

[OrangeKiwi]

..less cost per month for remote start, and the monthly cost includes data unlike Toyota.

Remote start costs nothing on the model y. You don't need to subscribe for it.

Assuming you are connected to WiFi, but if you’re out and about and your car isn’t connected to WiFi, I was under the impression the car needed mobile data to be remote started (since there is no radio transmitter).

[abracadabra11]

Assuming you are connected to WiFi, but if you’re out and about and your car isn’t connected to WiFi, I was under the impression the car needed mobile data to be remote started (since there is no radio transmitter).

Nope. Vehicle connects via cell network so you can start the A/C, remote start (if you have pin lock active), etc.. You just can't view sentry footage remotely. Navigation even still routes you using live data, but you won't see the traffic on the map.

[OrangeKiwi]

Assuming you are connected to WiFi, but if you’re out and about and your car isn’t connected to WiFi, I was under the impression the car needed mobile data to be remote started (since there is no radio transmitter).

Nope. Vehicle connects via cell network so you can start the A/C, remote start (if you have pin lock active), etc.. You just can't view sentry footage remotely. Navigation even still routes you using live data, but you won't see the traffic on the map.

Interesting. I’m questioning the purpose of paying $100 per year now. If there was a user friendly way to have CarPlay work with the car’s speaker’s and steering wheel volume control, then I simply wouldn’t need it.

Of course, that is probably why Tesla refuses to allow CarPlay.

[MDivision]

Basically looking for a Hybrid or EV primarily due to the requirement that we need to leave our dog in it while parked and locking it with the AC running without idling is a really nice feature.

I hope you are well versed in EV ownership, such as: charging best practices, software updates, environmental effects on efficiency, battery degradation scaremongering, road tripping best practices, Tesla purchasing process (buying from Tesla or third party), etc.

If you can’t be bothered to understand the advantages and compromises involved stick with a hybrid.

[MikeZ]

Basically looking for a Hybrid or EV primarily due to the requirement that we need to leave our dog in it while parked and locking it with the AC running without idling is a really nice feature.

I hope you are well versed in EV ownership, such as: charging best practices, software updates, environmental effects on efficiency, battery degradation scaremongering, road tripping best practices, Tesla purchasing process (buying from Tesla or third party), etc.

If you can’t be bothered to understand the advantages and compromises involved stick with a hybrid.

I bought a new Y a year ago when they were discounted. So far best car I have owned.

At the time I figured with the tax credit and discount it made the depreciation curve almost a straight line so I went with new.

[onourway]

Nope. Vehicle connects via cell network so you can start the A/C, remote start (if you have pin lock active), etc.. You just can't view sentry footage remotely. Navigation even still routes you using live data, but you won't see the traffic on the map.

Interesting. I’m questioning the purpose of paying $100 per year now. If there was a user friendly way to have CarPlay work with the car’s speaker’s and steering wheel volume control, then I simply wouldn’t need it.

Of course, that is probably why Tesla refuses to allow CarPlay.

One of the recent updates made some changes to the mobile data plan features. Everyone now gets live traffic data visualized on the map. Premium members get remote access to sentry cam data. I still pay the yearly subscription for the map overlays and to get seamless music streaming that integrates with the terrestrial radio system and 'just works.'

I purchased a used Model 3 late last year when the prices for clean late-model versions fell under $30k. The car is an amazing value at that price. With the free acceleration boost, it's an AWD super sedan with over 500hp! Good suspension and steering, excellent driving ergonomics, and a design priority to keep the weight down (hence it weighs just about 4000lbs, rather than the 4500-5000+ of many of its competitors.) With the best in-car tech, app, and charging network. The car-enthusiast side of me still can hardly believe at what $30k gets you today!

[toomanysidehustles]

2019 Audi Q4 e-tron's are below $20k now. A solid vehicle if you can live with 150 miles of range. Very luxurious, great seats.

[z0r]

2019 Audi Q4 e-tron's are below $20k now. A solid vehicle if you can live with 150 miles of range. Very luxurious, great seats.

asterisk on this, and I didn't look at autotempest search to be sure, but the vast majority of late model e-cars being listed below $25k by dealers are including the used tax credit of $4k in the advertised price. many bogleheads will not qualify for that tax credit because of income, making it pretty annoying to shop for these

[toomanysidehustles]

2019 Audi Q4 e-tron's are below $20k now. A solid vehicle if you can live with 150 miles of range. Very luxurious, great seats.

asterisk on this, and I didn't look at autotempest search to be sure, but the vast majority of late model e-cars being listed below $25k by dealers are including the used tax credit of $4k in the advertised price. many bogleheads will not qualify for that tax credit because of income, making it pretty annoying to shop for these

Thanks for calling this out, you are very correct. I use Autotrader and always filter "seller" as private party and install further key words like "garaged" and "one owner" in there.

Based on seeing the price drops, I do think there is room to throw a SUPER low ball offer on these cars at dealers. Looking for a townie car for my wife and daughter to zip around town, and our closest city, no trip over 125 miles.
https://www.autotrader.com/cars-for-sal ... =spotlight

[livingalmostlarge]

Where are the cheap tesla? Someone said they used tesla are cheap. I haven't seen it at 50% off. Unless you bought it new a few years ago and talking that now you can buy one for $35k new and $30k used model Y

[MCST]

Where are the cheap tesla? Someone said they used tesla are cheap. I haven't seen it at 50% off. Unless you bought it new a few years ago and talking that now you can buy one for $35k new and $30k used model Y

I just traded in my Tesla MY for a BMW. There were a lot of low mileage MY and M3s on the lot for $27-32k. The dealer said that they were getting about a Tesla a day on trades, and almost all of them are very low mileage. I knew I was going to lose money, but I was surprised at how much the dealer gave me on a trade. Maybe they are expecting the used Tesla market to rebound again? I don't know how when it looks like dealer lots are flooded with used Teslas, and the price of a brand new one isn't that much more (assuming you qualify for the federal and state rebates).

Nothing about it makes sense. I was just happy to get rid of mine.

[RickBoglehead]

Wait. Tesla values are plummeting.

[cmr79]

2019 Audi Q4 e-tron's are below $20k now. A solid vehicle if you can live with 150 miles of range. Very luxurious, great seats.

Minor point, but you are talking about the "Audi e-tron", currently known as Q8 E-tron SUV. The smaller Q4 e-tron came out in 2021 as a 2022 model.

[dsmclone]

We would lose about 25% of it's value if we sold our Tesla, which is two years old. Not really that extreme for a new car that just got a major redesign. Covid seemed to make people think that new cars hold their value.

[michaeljc70]

Interesting topic of lately. As someone that considered a Tesla several times over the last x years I was looking at prices on new/used MY. Though I am sure they have dropped some, my take is the media is perhaps overplaying this. Or maybe I am just cheap and they are not cheap enough for me to bite. Or maybe I am just not sold on owning an electric vehicle. Are there any real graphs on the prices for used Teslas?

As someone said above, the new Y Juniper is available for purchase so that is also a major factor regarding used prices which might be hard to adjust for.

[Yarlonkol12]

Audi ETron and Mercedes EQS lose about 50-70% of their value in 2-3 years, maybe another option