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Aftermarket value of Model S

I was curious what the Model S would fetch in the aftermarket. Cars with waiting lists always sell for premiums. This car being brand new I thought it would be interesting to see how big that premium would be.

So I went to autotrader.com to see if any Model S have hit the aftermarket yet and there are zero for sale in the U.S. Next I went to cars.com and found 1 for sale in LA for $130k. Here is the description of how it was optioned out:

Following is a summary of the car as ordered:Signature Red Exterior Paint,Signature Black Interior,All Glass Panoramic Roof,21" Silver Wheels,Piano Black Decor,85 kWh Battery,Tech Package,Sound Studio Package,Active Air Suspension,Parcel Shelf,Twin Chargers,High Power Wall Connector

I assume this is a Signature Performance but I cannot tell from the description. If so, it appears to be approximately a $30k premium.

Also, there is a reservation spot on ebay that is currently bid at $9,200 but it is below the reserve limit. I wander if they are trying to get $10k for the spot or more? The seller states he has received his ready-to-build notification from Tesla so he is estimating a car to be delivered in a few months. Whomever buys his spot will get to spec it out to their liking.

Quick update:

The Ebay auction offering their "reservation to build" ended at $9,200 but it did not meet the reserve price. So apparently someone is willing to pay that much to jump to the front of the line.

The cars.com listing of the Model S for $130k is still active and there are no cars on autotrader.com

Not a big surprise at the lack of inventory on the aftermarket because the first owners are obviously enthusiasts who aren't interested in flipping their car for a nice profit. I like that!

Yeah, and the value of something is what the buyer wants to sell it for where it intersects what the purchaser wants to buy it for.

Until we see a few of these sell, we won't really know.

If I had to guess, I'd say if your car was "new" meaning factory condition, and very low miles (couple K), and you sell by late winter, you can probably get full MSRP, less the federal discount. That is to say, you could get 100% of your cash back. That's a pretty good deal as cars go, since usualy you get soaked when you pull out of the dealer lot.

This pricing is based on the desire to get the car sooner rather than wait. The advantage will be gone by next fall, when customers can order a car and get it in a couple months. Once we no longer have a 9 month waiting list, it's just a used car.

I bet the car will have a premium until wait times come down to 1 or 2 months. And if the current reservation rate holds for a while, and if they don't add a second shift, then the wait time will remain long for quite some time.

Personally, I'm not interested in selling my car for any premium. I'm just curious to see how much that premium ends up being. My guess around $10k.

JZ13, GB's stated goal is a wait time of 3 months. Point is that Tesla wants to stay with their built-to-order approach (as opposed to "build-for-the-lot"). An advance ordering of approximately 3 months gives them enough time to adjust production and demand as required, and to batch similar cars to run the production line efficiently.

Since Tesla won't allow you to transfer your registration to a 3rd party then you would need to purchase the car, pay the taxes and then resell it. The tax amount is probably the $10K reserve that the eBay seller is trying to get.

There are currently 7 Model S reservations for sale on ebay. Most since I've been watching.

It looks like the 3 week use it or lose it deadline is fast approaching for reservation holders who want to sell their reservation before the price increase deadline.


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