Value of Model S in 5 or 10 years

Value of Model S in 5 or 10 years

My biggest concern is how much the car will be worth in 5-10 years. I plan to very carefully take care of the battery, but it seems that will be the main issue in value - does the battery lose 10%, 25%, 50% of its capacity over time. Outdated technology is also a potential trouble spot.

I don't mind a lower value than a car of similar price purchased in the same year, but I don't want it to be worth $0 like an old cell phone or computer.

And with Gen III coming over the next 3-4 years, will that further drive down the price of a Model S given the supposed superior batter of a Gen III?

Any insight is appreciated.

john | 14. Januar 2015

It seems to me fair to look at the Roadster as a test case for estimating value.

A 2008 Roadster is worth about $65k (give or take) and it's original price was $109k.

The math shows it losing about 7% in price per year.

A standard formula for calculating car price is somewhere between 15-20% loss per year, but for higher end cars, it tends to be less.

This also seems to be proven true in the current 2 year old Model S cars available on eBay seem to be selling at about 7% per year reduction in price.

Buy a $100,000 car and try to sell it one month later, you'll get about $93,000. Sell it a year later, you'll get about $86,000, a year from then (a 2-year old car) and you'll get about $80,000. etc...

At some point there's a floor for the Model S. Until there's a model to replace the S, I think it will hold it's value more like a "classic car"

But the most important thing is to take care of your battery.

Keep it between 30% and 80% charged unless you're going on a longer trip.

If you charge above 80% be sure you immediately go on your trip and end below 80% but above 30%.

If you dip below 30%, no big deal, just be sure whenever you stop, plug in immediately and charge above 30%

Once every couple of months, drain the battery down to as close to 0% as you can and charge all the way up to 100%, be sure it's really up to 100%, then unplug and drive it down to 80%.

Other than this, just plug it in and set it to 80% and you'll be good. You won't see much degradation at all.

*I have no idea what I'm talking about, but this all sounds logical to me*

Tabarnouche | 14. Januar 2015

I find it hard to believe the cars will be worthless in 10 years. Just the free charging for life at SCs alone will be worth something, even if your battery has materially degraded. Someone who lives near a SC should want to take it off your hands.