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Used Model X prices falling

Used Model X prices falling

I have been checking every few months for the existing inventory of Model X vehicles on the Tesla website.
It does appear that prices are falling overall with the virus.

Articles online indicate used car prices are down 15% for March-April below what car dealers have been projecting pre-virus.

All of the cars coming in off of 2-4 year leases are piling up and not selling.

Anyone else noticed the same trend in Tesla used car prices?

TeslaTap.com | April 25, 2020

With zero new production, it could be Tesla used car prices will actually go up. Then again, with few buying any cars, maybe the used car prices will go down. Strange times!

Unlike many other premium car manufacturers, Tesla has a fairly low percentage of leases, so Tesla vehicles coming off lease are less likely to overwhelm the used market. Some manufacturers have a high percentage of leases, and that's going to depress thier market values.

n7142701886 | April 25, 2020

It is expected, I had a post before.
Because Tesla Y is in production, People will buy new Tesla Y instead of old Tesla X.

neildhillon1 | April 27, 2020

I have a beautiful Red Multi-Coat Dual Motor Model X that I purchased brand new in Sept 2019 now for sale (moving overseas and can't take). Car is loaded with 22" Black Onyx Wheels, Premium Upgrade, only 3300 miles, garage kept, Cream Interior plus added six-seater and Free Unlimited Supercharging. Call if interested (202) 550-1243

Wbplefty | April 27, 2020

I have a new Model X that I took delivery of Saturday and the rear spoiler directions in the manual are wrong. Should the rear spoiler be in what appears to be a raised position when the vehicle is parked and locked? The manual suggests that : Controls: Service; Spoiler Mode; Automatic is an adjustment I can make on the touchscreen but that does not exist.

TeslaTap.com | April 27, 2020

@Wbplefty - Spoiler has been locked for a year or more's production now and does not adjust. Early cars had the spoiler that could retract. No idea why they made the change. Sounds like the manual hasn't been updated yet or you have an older copy.

Redmiata98 | April 27, 2020

Current manual for North America is: 2020.4
Page 93 from above “ Active Spoiler
Model X has a rear spoiler designed to improve aerodynamics. If Model X is equipped with the active spoiler, the position of the spoiler can vary depending on the status and speed of Model X:
• When Model X is in Reverse or when driving speed is below 10 mph (16 km/h), the spoiler provides maximum visibility behind Model X.
• When driving speed exceeds 45 mph (72 km/h), the spoiler lowers to the position that provides the most effective aerodynamics.
• When Model X is powered off and locked, the spoiler retracts.
To allow the spoiler to automatically move as described above, touch Controls > Service > Spoiler Mode > Automatic. To disable automatic movement of the spoiler and keep it in its extended position, choose the Extended setting.
Note: If the spoiler can not automatically lower or raise, the instrument panel displays an alert. Contact Tesla Service.”
BUT, if you dig deeper on page 148 you will find the caveat “if equipped” to wit:
“ Service
• Spoiler Mode: If equipped, the spoiler can change position to provide maximum visibility and the most effective aerodynamics for Model X. To enable, choose Automatic (see Active Spoiler on page 93).”

Redmiata98 | April 27, 2020

Should have said “additionally you will find it on p148”

tguer21 | April 29, 2020

I've been looking for months now. I have observed that they are about the same, only slightly lower. But there is a lot less inventory than there was months ago. So i doubt that prices will decrease significantly based on supply and demand rules.

dtan398 | April 29, 2020

Has anyone heard recently that Model X Production will be discontinued soon?

jimglas | May 2, 2020

The plant is closed right now

porussarah | May 14, 2020

Used prices are very good! I've been watching closely, finally resaved 2016 AP2 90D after I noticed ~10K discount over the last month. they modulate prices every day based on demand. Hope this helps potential buyers.

amylynnbarte | May 14, 2020

I just picked up my used model X last week after stalking prices and seeing the decrease! My dream car!! I never could have afforded a new one so i am very thankful. My X was one that had come off a lease.

marcustcohn | May 17, 2020

I was looking for a 2019 Model X manufactured post April and could not find one. Pre Raven models are getting cheaper but you get what you pay for. Taking delivery of 2020 next Saturday.

n7142701886 | May 18, 2020

Used Tesla prices reduced few hundreds to thousands every week.
Shipping is 2000-2500 therefore most people prefered local Tesla stores (within 200 miles) to avoid this fee.

n7142701886 | May 19, 2020

Tesla tends to push sale at the end of each quarter, (last 2 weeks of March, June, Sep, Dec).
Wait until the end of June to buy used Tesla.