Used Tesla Model S EVs Selling for $99,000 on Average

FEB 19 2014 BY ERIC LOVEDAY 12

Tesla Model S Selling For Lots of Money Used

Tesla Model S Selling For Lots of Money Used

Yahoo is reporting that the average selling price for a used Tesla Model S is “over $99,000.”

Model S

Model S

Yahoo points to iSeeCars.com as its source for used Model S pricing info.

Phong Ly, CEO of iSeeCars.com, told Yahoo that the Model S “seems to be in great demand,” which is perhaps why it’s fetching a lot of money on the used market.

Of course, the Model S’ price range from $60,000-ish to over $110,000 when new (dependent on battery capacity and options), so it’s not like all these used Model S EVs have somehow gained value.

According to iSeeCars, the average mileage on used Model S EVs is 3,700 miles.  So, they’re practically new anyways.

Source: Yahoo

Categories: Tesla

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12 Comments on "Used Tesla Model S EVs Selling for $99,000 on Average"

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Jouni Valkonen

It is somewhat considerable price that there is also tax credits substracted. In practice you buy Model S in West Virginia, take the $15k tax gredit and sell Model S at full price.

This is already happening in Europe, where people buy EV in France where there is offered tax gredit and then they export the EV into Norway, where EV incentives are negative.

pjwood

How many people in WV have a 15k federal tax liability, after tax prep?

Mint

Far more than the Teslas sold there. You gotta realize that the top 1% of AGI in tax filings is still over 2 million people in the US.

Not that I’m saying this is why they’re selling there…

29

I wonder why so many people are selling their used Model S with such little mileage?

Johnny GT

Probably because they can make a profit doing so…

Rick

It’s a tax savings strategy. This economic nonsense will be over when the tax benefits expire.

pjwood
“Selling price” to them, must mean the asking price. This is Tesla’s first winter, and cars with one year’s mileage are only beginning to show up. I am in the middle of working with them, and looking nationwide. As you might think, good market demand for limited optioned, say Tech packaged 85’s, and plenty of max’d out cars simply looking for a bid. The options go well past rediculous, in my opinion. $2,500 for Sirius XM. The $2,700 HPWC (as if 30+ mph isn’t enough?). Leather doors/dash $2,500, and an extra grand for a piece of suede on your lateral supports. The biggest surprise is the Signiture cars are fetching far from “limited edition” pricing. I can’t tell if its age, the missing rear suspension improvements, inability to charge faster than 90,000 watts(?), or something as dumb as power folding mirrors. It’s clear a lot of people are optioning up their Teslas, who never owned an EV. Even more favor goes toward the less optioned cars, when you consider the air suspension has been limited in height, and comments on Teslamotorsclub.com seem to suggest those who’ve driven both, and tend to push it in turns, are apt to be happiest… Read more »
Mint

I’m curious how much the Model E will affect Model S resale prices. This may be incentive for Tesla to keep the Model E priced higher (at least initially) than many are hoping.

EV

Elon’s word is his word. He’s been saying a 3rd gen 30k vehicle since 2009

Spec9

Elon has broken his word and missed deadlines many times.

pjwood

I want to say the lower end of the market can easily be cemented by $10,000, but your point is well taken if Model E creeps up 40/45k, after the tax credit. Still, by 2017, we’re looking at some 5y/o cars with ~60,000+ miles, trading for less. Mileage KILLS expensive boutique car value. As much as I bet some are romanced by the idea that EV adoption will goble these cars up, and minimize their TCO, I’d expect a more expensive experience.

G*d forbid, SOC begins to slide too soon. The software updates change the range algorhythm, which makes chasing beginning/ending SOC (265 miles, etc) harder to control for. Many are claiming loss, but the IEV folks, here, know what the range calculators do this time of year. It’s another reason to sympathize with the Active E owners who had an SOC gauge in their cockpits, and who took issue with its deletion in the i3.

It’s all on my mind. Thus, eating the bandwidth 😉