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popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Item 1 of 2
Item 1 of 2
popular Posted by BigShotBob • Sep 1, 2023
Sep 1, 2023 6:36 AM
Tesla Model X & Model S Price Cut
$79,990
$79,990
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Maybe like 2-3 years from now.
My guess is that the Model X base will drop maybe by $3.5-5k before December to let owners qualify for tax credit on the 7 seater model, and settle at around $70k by the end of next year for the time being.
Unless you have been living in a cave the last year, Telsa prices are dropping faster than Bill Clinton's pants
Model Y has about another $15K to go. Who knows when, but sooner rather than later.
But hey, if you think $80K is a good price, buy it. You know, you might miss out and the price go up. That is called FOMO
Lemme guess.
You got that on Leasehackr and were gonna flip it, but you were late to the party and the bottom fell out. Right?
You got that on Leasehackr and were gonna flip it, but you were late to the party and the bottom fell out. Right?
I was only thinking of trading it in for a BMW iX since leasing deals are awesome now if I could get equity in my lease, but not necessarily so. I definitely need a third car now so I'm shopping for an EV currently anyways.
I got really lucky, as my insurance totaled out my Mach E GT days before the price drop and I was also claiming the $7500 tax credit. I was able to get ahead $18k because of the inflated values of the Mach E GT.
Unless you have been living in a cave the last year, Telsa prices are dropping faster than Bill Clinton's pants
Model Y has about another $15K to go. Who knows when, but sooner rather than later.
But hey, if you think $80K is a good price, buy it. You know, you might miss out and the price go up. That is called FOMO
I don't think it'll drop further significantly now if Tesla can keep claiming the $7500 tax credit for next year. If not, it'll drop proportionally to the tax credit change.
It may drop $3k here or there but won't drop like what happened beginning of this year. Tesla is nearing their margins. Also, you aren't counting for inflation as well. The drop was pretty significant including inflation now.
Model X/S was definitely due for a price drop. It was definitely not worth the price when a Model Y could be had for less than half price when it was 80-90% of the car Model X was.
Again, the Model X will probably drop a little bit further given that inventory is showing a plethora of Model X bases with additional options.
I am not saying if Tesla's strategy is right or wrong - just pointing information so that a potential buyer knows that they are buying a product for the masses and not a luxury item.
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I leased a Jeep Grand Cherokee 4xe for two years, and 7 months into my lease with 7500 miles, my car value dropped from $62k MSRP to $38k to trade in when I was seeing how much value it has dropped. Good thing I leased for only two years at $650 a month payment with $0 down at 15k miles per year.
Plus I needed to have a car in Jan 2023 due to a totaled accident. Didn't have time to wait any longer.
Due to me now having a lot more financial means, I was looking into leasing a BMW iX, but good deals are hard to find unless you live in northeast for those.
I'm going to see if Model X drops any further before December and get one to take advantage of that tax credit before year end.
I paid barely a tad under that for my 2021 Model 3 SR+ new back in 2021. No fed rebates back then unfortunately. I got owned on this car and another luxury SUV lease I bought out when cars were absurdly overpriced.
I paid close to $90k for 2 cars over the last few years that are barely worth half that now. Shit timing. Ah well.
/r/RealTesla (and to a slightly lesser extent /r/TeslaInvestorsClub) are a more intensified version of Reddit's echo chamber tendencies. Absolute joke of a sub.
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