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When do you expect to sell your Model S?

When do you expect to sell your Model S?

Most likely keep it for 10 years I'd say...2023 as I doubt anything will come along in that time that will beat this car.

And here's what I expect to say in the ad...

USED: Your chance to own the car that started it all!!! Perfect condition, White 2013 Tesla Model S, 150K Miles, 210 Miles range highway miles on full charge, 240 for city (3rd party warranty certified by Sustainable Charge Inc until 2030 or trade up the 1K mile battery for only $5K!), Tesla check up on motor, inverter and air suspension done last month. No maintenance expected for next 100K miles. Full maintenance details available but I've had no issues with the car. All servicing done at Tesla. Dash has all updates and is working perfectly. New all season tires (10/32's), super quiet, handles great, drives straight, 80% original brakes as I never use them with re-gen and stops on a dime, super quiet and super clean, non smoker. No paint chips or door dings, garage kept with panoramic sun roof, heated seats, steering wheel and side-view mirrors.

Mycroft | November 23, 2011

Yeah, I can't imagine needing to sell it. It's certainly not gonna be a garage queen!

stephen.kamichik | November 23, 2011

I am 62 years old. My model s will not be winter driven and therefore should last me the rest of my life.

Larry Chanin | November 23, 2011

I'll be keeping mine until I trade-it back in to Tesla for version 3.0.

Larry

David70 | November 23, 2011

I'm 70 and expect it to last at least as long as I do.

I trust that Tesla will sell replacement batteries as long as needed.

Schlermie | November 23, 2011

I typically drive cars into the ground at about 10 years.

Brian H | November 24, 2011

Larry;
Going to give the 2.0 series a pass, huh? ;D

Mike_ModelS_P457 | November 24, 2011

My 6 yearold is already telling people his first car will be my Model S....

Thumper | November 24, 2011

I usually drive cars 10ish years and then the ICE is getting unreliable. I hope to keep the S twice that long and by then I should probably think about giving up driving. So at 66 I expect this to be my last car. I hope I can last another 20 yrs!

VolkerP | November 24, 2011

I expect to sell when my family outgrows Model S by body size and number. I do hope that resale value will help with acquiring a Model X.

toto_48313 | November 24, 2011

I wish to keep it until it became a collection car... so more than 20 years.

jackhub | November 25, 2011

No plans toi sell. It will likely outlast me.

Larry Chanin | November 25, 2011

"Going to give the 2.0 series a pass, huh? ;D "

Hi Brian,

Well, we've got to economize somewhere. ;-)

Larry

scole04 | November 25, 2011

No plans to sell. Change the battery ever ten yrs. & keep it moving.

cerjor | November 25, 2011

And I am 73 so I will keep it until my son or daughter take my keys away. Or until I get tired of it.

It would be interesting to know the age distribution of buyers.

Teslamodels4me | November 25, 2011

Forever : )

Brian H | November 26, 2011

I wonder if there will occur a brief (long?) period when the resale value of the S exceeds the new price ...

Brian H | November 26, 2011

cerjor;
by then, you should be able to get an economical retro-fit robo-driver. Maybe one intelligent enough to "hover" electronically and just take over when you're about to endanger yourself or others!

Robert.Boston | November 26, 2011

I wonder if there will occur a brief (long?) period when the resale value of the S exceeds the new price

Good question, and there's some reason to think that could happen. We've all heard the stories about dealer marking up scarce new models (e.g. first year of the Prius). I can easily imagine some people trying to buy your brand-new Model S from you at a premium to what you paid.

The question is, how much would it take to get you to part with you new baby the day after you took delivery?

jbunn | November 26, 2011

I read an article about purchasing cars for profit, a bit tongue in cheek, as a car isn't exactly likely to sell for more than it's purchase. Sure, if you had a time machine you'd probably go back and pick up a couple 1964-1/2 ragtop Ford Mustangs, and put them up on blocks in a heated garage for thirty years. The article did note that there are some ways to improve your chances for those of us that don't have a time machine.

One thing the authors noted was limited editions and rare cars tend to hold their value better (a polite way of saying lose less money slower).

My cousin who's a serious car nut and is familiar with the history of Tucker and Edsel asked me what would happen if I got my car and the company went out of business. I said, I would have a very rare, limited edition vehicle of which there were only 5,000 in the entire world. (He seemed to like that answer).

Point being, I think the folks among us with S reservations (I'm a P) have a very limited issue of 1,000 cars. Might be of interest to future collectors (assuming we still have roads, and not Jetson flying cars, or transporters, or mule carts or some such in 30 years.)

On the other side, early adopters generaly take a beating on price. I remember the first CD players for 1,000 bucks. You can get one now for 20 bucks. I'm going to guess the cars Tesla produces five years from now are going to be vastly better. But I won't wait until then, and without early adopters it won't happen anyway.

My current car is 13 years old and has just rolled over 200,000. It's the other great love of my life. I'll keep it preserved in the barn for snow days, hauling and trailering. I expect to keep the S for about the same amount of time if not longer. Right now, the only thing that makes me question that is a concept sketch of a Tesla cabriolet based on the S platform. That might convince me to sell the S, but it's within the same family.... : )

Kallisman | November 26, 2011

I expect to sell my Model S when Tesla offer something significantly better, and I can afford it. That could take a while.

Brian H | November 27, 2011

I was kind of thinking along the lines of demand exceeding supply for a while. Suppose that demand (wannabe buyers, reservations, etc.) surges to 250,000 in the first couple of years but production can't ramp up to more than a total of 100,000 (to be super-simplistic about it)?

Discoducky | November 27, 2011

I could imagine demand exceeding supply for several years, if not at least 10. Of the people that I haven't talked into reserving an S, nearly all are very interested in the X. And I plan on reserving an X as well.

Teoatawki | November 30, 2011

I am planning to drive mine, not sell it. As long as it meets my expectations, I'll probably keep it. I admit that expected resale value should that day come factored into my sig/production model decision. After decades of replacing cars at around 4 years, my current car just turned 11, so I know I can do it.

The price of a sig S is a big stretch for me. More than twice the $ of the most expensive car I ever had before. I'm retired. My financial advisor is going to have kittens!

OTOH, once the model X is widely available, maybe I'll move to that (or just convince my wife she needs one).

JayK | November 30, 2011

For me I have the intention of keeping the car until it is hopefully a classic, so I'm talking along the line of twenty years. Might have to replace the battery somewhere along the line, but that's about it if I can keep it in good shape.

That's my plan...at least until we see how the resale value goes when the car is released. If there is a huge demand at a premium for the Model S, I could be tempted to sell the car.

I would then set my eyes on a Model X or maybe two or three. If Tesla really becomes a cult type of car - one where demand far exceeds supply and people are willing to pay a premium to get one - I'm more than willing to take a chance and make a few dollars on it. However as I said at the beginning of this post, I'm more than happy to keep my Model S for the long haul and that is my intention.

Brian H | December 1, 2011

Teo;
Have you no faith in Elon's ability to tempt you to upgrade in a few years?
;-p

Mark Petersen | December 26, 2011

I will probaly sell mine when the blue star come out, As i prefeer a smaller car like Audi A4 or BMW 3XX

petero | January 2, 2012

An interesting question, particularly when discussing a state of the art vehicle and an extremely tech savvy clientele. Anyway, I will likely sell my “S” in 5 years. The “S” will still be a sweet ride, but I am sure TM will have interesting new products to tempt me with. I would even consider a lease (I know, the Lord forbid). Especially if they have a loyalty incentive. I offer these observations.

TIME. The length of time you own your “S” will depend on TM’s ability and desire to update the electronics and technology in your “S” - more than advances in ride and handling. We all know battery technology will improve dramatically over the next 5-7 years, as will the competition. Also, advances in technology, safety, materials, design, etc. TM architecture is unique, now, but others will emulate.

PERFORMANCE. Many forum readers have a great need for speed (personally I don’t get it). These buyers will likely be the first to trade in their “S”. When battery technology reduces price and battery pack weight, increases the power and range Now, if you need speed, don’t mind a ‘bit’ of discomfort, and you can live with a small, supercharged ICE – No not a Karma, may I suggest an Ariel Atom... or get a track car.

PRICE-APPRECIATION. If TM had franchised dealers, all the Signatures and three years worth of production would have been pre-ordered years ago. Dealers would add a $25K mark up to the MSRP. TM sells directly to us without the mark up. I agree with Robert.Boston, you may enjoy an opportunity to profit when demand exceeds supply. If that is your goal consider getting an auto resale license to defer paying the sales tax.

In my humble opinion, the “S” is a car to savoir like a fine wine. Thank you Elon.

BYT | January 2, 2012

"PERFORMANCE. Many forum readers have a great need for speed (personally I don’t get it). These buyers will likely be the first to trade in their “S”. When battery technology reduces price and battery pack weight, increases the power and range Now, if you need speed, don’t mind a ‘bit’ of discomfort, and you can live with a small, supercharged ICE – No not a Karma, may I suggest an Ariel Atom... or get a track car."

I admit to being one of the speed freaks as speed it an addiction (and I don't mean the illegal drug). I am VERy sad that I can't afford the initial 4.4 seconds to 60 MPH battery pack and module!

Mycroft | January 2, 2012

It's not the speed as much as the acceleration. You can drive in a completely legal and safe manner, even with a spirited car. An EV is just that much more fun because the acceleration is there from zero and there isn't the attention grabbing noise to go with it. The gearheads like the noise, I don't.

gagliardilou | January 2, 2012

I do not plan on ever selling mine. I just upgraded to a sig and told my oldest son (of 4 boys) that he should keep the car and just keep fixing it. Whether it needs a new battery, upholstery, carpet, etc.. Then in 100 years, he (or his son) would have a 1 in 1000 car (less by then - accidents, etc..). This is one way to justify the price.

On another note, I also think that people will possibly pay us more (than we paid) to get our model S. A lot of people will pay instead of waiting in line.

Mycroft | January 2, 2012

Good point. I'm paying about $110k for mine when all is said and done. What if some rich bastard offered me $125k for my delivered car? Tough choice.

Ah, behavior economics. What fun! :)

Teoatawki | January 2, 2012

$125K for my $110K car? No sale! This is my dream to have a car like this. It'll be a classic by the time I sell it.

Mycroft | January 2, 2012

Would you pay $125k for it? If not, then why wouldn't you take $125k for it?

Behavior economics.

brianman | January 2, 2012

@mycroft
Bird in the hand. It's kind of like the effect of when you name an animal,mand it becomes more difficult to have it for dinner after that.

Also, I think some would pay $125k.

Teoatawki | January 2, 2012

At $125K, I'd have to walk away. Save my dream for another time.

ckessel | January 2, 2012

Yea, at 20k produced a year starting in 2013, if someone offered me that kind of ROI that quickly, I'd feel like an idiot not taking it. I'd just get back in line and get another car 6 months later.

David M. | January 2, 2012

It will depend on whether it makes sense to upgrade the battery after 8 years. I suspect in 8 years a much better Tesla car will go 500 miles for half the price. It may be like trying to sell a 8 year old laptop.

gagliardilou | January 3, 2012

I would sell for 125k and get back in line(even if meant losing sig) and agree with David that it would have to happen within the first year or two because production will be ramped up and Battery tech will be better.

engle | January 3, 2012

If it ages as well as my 1983 380sl (with a LOT less issues, which I expect after the initial kinks are worked out), then I'll keep my "S" indefinitely. It'll be good not to have to run to the gas station before meeting clients. It's also good to show them that we support the local economy and jobs here by "buying Fremont", since our real estate business is based here. At the same time, it will feel real good to no longer support foreign oil.

I'm fortunate to have a 4-car garage, so the "indefinite" part won't be a problem. I was planning to replace my 2000 ML 320 with a 2013 GL or ML Bluetec when my E 350 Bluetec lease expires in Dec. Instead, I'm thinking of just getting the S Performance model for now... I can tell my wife we're economizing by not replacing the 2000 ML that has about 120,000 miles on it, to justify getting the performance model. (In reality, I'll just reserve an "X" and wait for that! :-) For me, after CA taxes, the "performance" will cost an extra $13,050 over an 85 kWh, since I wouldn't option 21" wheels with the latter. If we drive the car for 8 years (the battery warranty before possibly having to replace it), thats $13,050 / 2,922 days = just $4.47/day for my extra fun.

@Discoducky -- you're amazing having already written the classified ad to sell your "S" in 2023!! I've never planned any purchase that far ahead...

If somebody offered us $25K extra after taxes for our performance model, I think my wife would insist I sell it to them and get back in line for later production.

Off-topic:

I've already used TSLA stock as a motivation for my son, who's a H.S. junior. I told him if he gets an 800 on either SAT Math or Math Level 2, 100 of my appreciated shares goes into his custodial account. So far, he scored 790 on Math Level 2 the day before the factory tour, and was bummed-out. (He still has a year to re-take to try for an 800.) (My mom bought him $1,000 worth of "F" when he was 2 back in 1997 which is now worth $383 -- well, at least they didn't go bankrupt like GM! :-)

Brian H | January 3, 2012

@petero | January 2, 2012 new
...
In my humble opinion, the “S” is a car to savoir like a fine wine. Thank you Elon.

That would be "savor". On second thought, "savoir" (Fr., know, understand) maybe ain't so far off!
;)

Slindell | January 3, 2012

"When do I expect to sell my Model S?"

When there is a fusion car. .

dsm363 | January 3, 2012

I hope a Mr. Fusion is an add on soon.

EdG | January 3, 2012

I'll let you attach a Mr. Fusion (c.f. "Back to the Future") to your car. I'll wait till I'm convinced it isn't firing neutrons into me.

I'd rather take the electricity from a distant shielded fusion reactor and put it into my electric car outfitted with the latest superconductive coil battery. The one that doesn't emit ridiculous magnetic fields.