Australian Politics Forum - What is the resale price of an electric car?

BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	What is the resale price of an electric car? Apr 1^st, 2016 at 1:32am For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?
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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: What is the resale price of an electric car? Reply #1 - Apr 1^st, 2016 at 1:33am ..eBay?
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random Gold Member Offline Australian Politics Posts: 2637 Gender:	Re: What is the resale price of an electric car? Reply #2 - Apr 1^st, 2016 at 5:36pm Assuming that storage continues to improve exponentially, a clapped out battery car now should expect to be able to repower with new batteries somewhere between 2 and 10 times more effective than the originals. They still run on electricity. I suspect there will be a growing industry to recycle cars.
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random Gold Member Offline Australian Politics Posts: 2637 Gender:	Re: What is the resale price of an electric car? Reply #3 - Apr 1^st, 2016 at 5:37pm Assuming that storage continues to improve exponentially, a clapped out battery car now should expect to be able to repower with new batteries somewhere between 2 and 10 times more effective than the originals. They still run on electricity. I suspect there will be a growing industry to recycle cars.
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BatteriesNotIncluded Gold Member Offline MediocrityNET: because people died for this! Posts: 26966	Re: What is the resale price of an electric car? Reply #4 - Apr 1^st, 2016 at 7:26pm That sounds pretty exciting if you don't mind me saying: can any of it be sold as a legitimate promise I wonder, however?
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innocentbystander.

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Re: What is the resale price of an electric car?
Reply #5 - Apr 1^st, 2016 at 7:31pm

BatteriesNotIncluded wrote on Apr 1^st, 2016 at 1:32am:

For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?

Most new cars depreciate about 50% the day after you drive it off the lot, in the case of an electric car I would say it would be about 75% due to the niche market of such a vehicle, I would say that a second hand Tesla would be almost unsalable, if you bought one you would definately want to keep it and get your monies worth out of it but the realisation that you bought it for religious reasons will quickly become apparent.

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random

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Re: What is the resale price of an electric car?
Reply #6 - Apr 2^nd, 2016 at 7:28am

innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm:

BatteriesNotIncluded wrote on Apr 1^st, 2016 at 1:32am:

For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?

Most new cars depreciate about 50% the day after you drive it off the lot, in the case of an electric car I would say it would be about 75% due to the niche market of such a vehicle, I would say that a second hand Tesla would be almost unsalable, if you bought one you would definately want to keep it and get your monies worth out of it but the realisation that you bought it for religious reasons will quickly become apparent.

You need to do some homework on depreciation rates.

You also need to understand why people buy Prius's and Tesla's. None of them are doing it for the resale value.

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Bobby.

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Re: What is the resale price of an electric car?
Reply #7 - Apr 2^nd, 2016 at 8:22am

random wrote on Apr 1^st, 2016 at 5:37pm:

Assuming that storage continues to improve exponentially, a clapped out battery car now should expect to be able to repower with new batteries somewhere between 2 and 10 times more effective than the originals.

They still run on electricity. I suspect there will be a growing industry to recycle cars.

improve exponentially?

link please?

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Wolseley Gold Member Offline Australian Politics Posts: 1453 Sydney Gender:	Re: What is the resale price of an electric car? Reply #8 - Apr 2^nd, 2016 at 2:25pm Don't Tesla have some sort of buy back scheme in place?
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Wolseley Gold Member Offline Australian Politics Posts: 1453 Sydney Gender:	Re: What is the resale price of an electric car? Reply #9 - Apr 2^nd, 2016 at 2:26pm innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm: Most new cars depreciate about 50% the day after you drive it off the lot I think you'll find that 20% in the first year is closer to the mark.
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random

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Re: What is the resale price of an electric car?
Reply #10 - Apr 3^rd, 2016 at 4:56pm

innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm:

BatteriesNotIncluded wrote on Apr 1^st, 2016 at 1:32am:

For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?

Most new cars depreciate about 50% the day after you drive it off the lot, in the case of an electric car I would say it would be about 75% due to the niche market of such a vehicle, I would say that a second hand Tesla would be almost unsalable, if you bought one you would definately want to keep it and get your monies worth out of it but the realisation that you bought it for religious reasons will quickly become apparent.

Electric car buyers are like luxury car buyers. A buyer of an expensive Mercedes does not concern themselves with such things, neither do Tesla buyers.

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BatteriesNotIncluded

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Re: What is the resale price of an electric car?
Reply #11 - Apr 6^th, 2016 at 1:49pm

innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm:

BatteriesNotIncluded wrote on Apr 1^st, 2016 at 1:32am:

For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?

Most new cars depreciate about 50% the day after you drive it off the lot, in the case of an electric car I would say it would be about 75% due to the niche market of such a vehicle, I would say that a second hand Tesla would be almost unsalable, if you bought one you would definately want to keep it and get your monies worth out of it but the realisation that you bought it for religious reasons will quickly become apparent.

Zero logic: but thanks for your 2 cent contribution anyway!

Haven't you an appointment to go eat your neighbours children? ..better hurry Cool

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BatteriesNotIncluded

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Re: What is the resale price of an electric car?
Reply #12 - Apr 6^th, 2016 at 1:51pm

random wrote on Apr 3^rd, 2016 at 4:56pm:

innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm:

BatteriesNotIncluded wrote on Apr 1^st, 2016 at 1:32am:

For example, if one was to buy a Model 3 Tesla tomorrow and sell it in a year what could one expect to get off gumtree for it?

Most new cars depreciate about 50% the day after you drive it off the lot, in the case of an electric car I would say it would be about 75% due to the niche market of such a vehicle, I would say that a second hand Tesla would be almost unsalable, if you bought one you would definately want to keep it and get your monies worth out of it but the realisation that you bought it for religious reasons will quickly become apparent.

Electric car buyers are like luxury car buyers. A buyer of an expensive Mercedes does not concern themselves with such things, neither do Tesla buyers.

Possibly not but the question remains worth exploring IMHO!

For a kick off it means there might be another market in play!

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Sprintcyclist

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Re: What is the resale price of an electric car?
Reply #13 - Apr 6^th, 2016 at 3:35pm

Wolseley wrote on Apr 2^nd, 2016 at 2:26pm:

innocentbystander. wrote on Apr 1^st, 2016 at 7:31pm:

Most new cars depreciate about 50% the day after you drive it off the lot

I think you'll find that 20% in the first year is closer to the mark.

Corollas depreciate so little its almost more economic to buy a brand new one.

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