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This week's EV bargain that I'm not buying

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Comments

  • Moderators, Society & Culture Moderators Posts: 39,313 Mod ✭✭✭✭Gumbo


    I dealer is offering good value trade in on any car at the moment due to the serious drop every single EV has taken.

    VW, polestar all have serious stock levels sitting there unsold. Price cuts might help but they still can’t shift them. Polestar have a glut of old model cars now. Nobody should be buying one of them with the new model released an on its way. They’ve had to reduce their prices to shift old stock.

    VW have dropped trade in prices by over €10k on 221 ID3’s recently. They were paying mid 30’s now lucky to get mid 20’s which is normal depreciation.

    Tesla the same. Trade prices now reduced to normal depreciation that people forgot about during covid. I made €12k on one car in a month or 2. That couldn’t continue. It was madness. I had dealers trying to out if private buyers on anything I sold on DoneDeal.

    A different market we are in now. People are holding back a bit now with souring costs of everything. VW will sell due to their low interest rates.

    The Chinese stuff (BYD, Tesla, MG) will sell due to low price points.



  • Registered Users Posts: 3,335 ✭✭✭sk8board


    I’m not really talking about the prices - that’s just market economics.

    I'm more referring to the fact that if I want a 2nd hand €25-40k EV, 2-4yo, with a warranty, I can go to a main dealer.

    in the case of Tesla, that’s not the case, nor will it potentially ever be the case in future.

    You buy new and you f-off :)

    It’s easy to tout the MY being the single biggest selling model in the world this year, but in 2-3 years time tesla won’t want one of their own cars back, but e.g. the local kia garage with an offer on a new ev6, will take it.



  • Moderators, Society & Culture Moderators Posts: 39,313 Mod ✭✭✭✭Gumbo


    Maybe that will change as they expand. 3 dealers on the island now but nowhere near enough it seems.



  • Registered Users Posts: 11,372 ✭✭✭✭the_amazing_raisin


    Is there as much incentive to trade in for a new Tesla as other cars? They keep the software updates rolling out so is there really much difference between a 2020 and 2023 Model 3 that makes it worth upgrading

    I get that some folks probably trade from Model 3 to Y for the bigger space, but I don't see much reason to trade beyond that

    I do agree that their sales model is heavily dependent on selling new cars and is geared more towards market share expansion than maintaining their current share. That'll probably change in time but the question is when, is it gonna be 3 years or 10 years from now

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users Posts: 2,268 ✭✭✭Miscreant


    Seems to have turned into a bit of a Tesla thread in here despite there being plenty of those already..... :)

    Anyway, back to topic.

    Found this earlier: https://www.carzone.ie/used-cars/Kia/Soul/fpa/202301253582431

    Bit up there on the mileage but still has 3 years left on the warranty. I bought similar recently but newer and with a lot less mileage for a couple of €K more. Still not too bad though.



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  • Registered Users Posts: 2,284 ✭✭✭joe1303l


    Not badly priced for a big battery sportline model. Low miles and 21” upgrade alloys. Must be a saving somewhere on importing one of these. https://www.donedeal.ie/view/34808447 Skoda Enyaq IV 80 Sportline



  • Registered Users Posts: 1,237 ✭✭✭Orebro


    Yea couldn't agree more, there are going to be many MY owners in for a major shock in 2-3 years when they go to change and Tesla don't want to know about their MY they need to trade in. The vast majority of people have never sold a car privately in their lives are aren't about to start now.

    Dropped into a Tesla showroom when passing recently and asked the guy do they take trade ins - he was like yea but you'll get a far better price by selling mine on Donedeal, thats waaaaay too much hassle for me to buy one, and rinse and repeat every few years.



  • Registered Users Posts: 12,819 ✭✭✭✭mfceiling


    Tesla don't care about your car when you leave. I would think there isn't a great deal of profit for them to start taking trade ins. Buy the car, touch up any dings or marks. Take the scuffs from the alloys. Fix any trim or plastics then give it a valet. Then it sits in a lot somewhere and you have to advertise it online and hope for a buyer. Plus the fact you've to employ someone to do all that and take care of the sale.

    Easier to have a website where you the punter decide what you want, spec it up and click to purchase.

    Tesla are a technology company. You don't see Apple taking trade ins. They want you as a repeat customer buying new.



  • Registered Users Posts: 28,077 ✭✭✭✭TitianGerm


    Apple do take trade ins though, just not in Ireland.



  • Registered Users Posts: 12,819 ✭✭✭✭mfceiling


    Wow!! Wasn't aware of that cause I'm an android fanboy 😂



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  • Registered Users Posts: 2,284 ✭✭✭joe1303l


    Don’t get the comparison with Apple, nobody cares about trading in a 2nd hand iPhone as it has a value of a few hundred quid at most. It’ll usually be well scratched, have a half knackered battery and be tied to some network. Customers that buy new €50K EV’s usually have a used car worth at least €10K or way more. Unless some enterprising trader here decides to become a used Tesla specialist, DoneDeal could be the only worthwhile option for current Tesla owners looking to trade up. Not everyone wants that grief.



  • Registered Users Posts: 12,819 ✭✭✭✭mfceiling


    That's what will happen. Somebody will become a Tesla specialist second hand retailer. Tesla aren't interested in doing it.



  • Posts: 0 [Deleted User]


    And there'll be a killing to be made, especially if they couple it with EV specialist all brand servicing.


    TBH a reputable 2nd hand EV superstore would be a welcome addition. Get a name for servicing and quality 2nd hand, and you take the "main dealer" mantle of marques who don't want to run a 2nd hand network



  • Registered Users Posts: 7,740 ✭✭✭Raoul


    There are actually so many Model 3 Teslas on done deal. They all seem to be around the same price 38k or so. It's hard to know what value these cars are actually worth at the moment.



  • Registered Users Posts: 12,119 ✭✭✭✭KCross



    There was actually an EV secondhand specialist a few years back. Cant remember the name now but I'm sure a few here will know it as they bought from them.

    It went out of business. Most people said they were very good and knowledgable and not just flogging a car, but I suspect they were a few years too early to make it viable. Its a matter of time before a few more pop up like rsymons in the UK.



  • Registered Users Posts: 3,335 ✭✭✭sk8board


    Well I can tell what they aren’t worth - and that’s €38k.

    saw a €30k one pop up on carzone yesterday, a dealer with a 192. Still too much for a 4yo car that’s €41k new, but things are definitely resetting.

    my neighbour paid €39k from a vw main dealer recently for a 221 ID4 77kw with less than 10,000km. There’s value in the 2nd hand market, but only where there was volume of new sales 2-3 years ago.

    it’ll take another year or so for tesla prices to reflect reality - there’s only 40 m3’s for sale on carzone today, and almost 300 ID4’s.

    the M3 has never been a volume seller in Ireland, much to everyone’s surprise I think. Until this year, it was around the top 25-35 best selling models.

    when this years sales hit the 2nd hand market, we should start seeing far more volume and therefore lower prices due to the choice.



  • Registered Users Posts: 6,577 ✭✭✭User1998


    Depends on the year. 2019’s are definitely worth less than €30k now. And I’d value a 2020 at €30k, depending on mileage and spec.

    Here is a dealer selling a low mileage 2019 for €32k, and obviously you’ll be paying a premium buying from a dealer

    https://www.donedeal.ie/view/34805867



  • Registered Users Posts: 1,237 ✭✭✭Orebro


    Difficult to become a 2nd hand Tesla specialist when they don't share any spare parts sales, vehicle specifications etc with third parties - virtually impossible to run repairs on them so no way you could run a business based on that, e.g how can you as a business offer a 12 month warranty on a car you cannot repair.



  • Registered Users Posts: 1,237 ✭✭✭Orebro


    But this is how every car dealer on earth operates. No profit on second hand cars? You've got to be kidding, it's a massively profitable business when run properly. But I get why Tesla don't do it, totally different business model. My point is that 99% of people have no interest in advertising their car on Donedeal so they can then go get a new one, they want the simplicity and convenience of going to the showroom, doing a deal and going home happy.

    Post edited by Orebro on


  • Posts: 0 [Deleted User]


    That'll be challenged, by the EU, quick enough



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  • Registered Users Posts: 6,577 ✭✭✭User1998


    Most garages just offer third party warranties, especially on more expensive cars



  • Registered Users Posts: 6,353 ✭✭✭positron


    Sorry if this is a silly question - but I tuned off Model S / Model 3 discussion a while back when I settled for an ICE estate, and there were no electric estate cars at the time. However the situation is changing and I am starting to get more interested in this topic and 5 seats with plenty of space is probably my only requirement now (doesn't necessarily have to be an estate).

    Assuming the used e-car prices continues to drop, if you were to pick between a decent 2016-2020 Model S and a decent 2019-2021 Model 3 at the same price (say around 20-25k), what would you go for? In other words, has there been so much technical innovation and/or software updates (that somehow Model S wouldn't get) from Tesla to make a compelling case for newer car over bigger older car?

    Of course other models are also in my radar - but just curious about these two given the recent discussion and how Model 3 2024 is supposedly so much better and probably cheaper.. looks like everything is changing rapidly (and I am loving it).



  • Registered Users Posts: 3,647 ✭✭✭...Ghost...


    Is there any way to mute this thread for a few weeks? I click in for the bargains, but it's just a Tesla thread now without the bargains.

    Stay Free



  • Registered Users Posts: 11,372 ✭✭✭✭the_amazing_raisin


    Yeah just hit the star symbol beside the thread title 😁

    I'm considering doing something similar

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



  • Registered Users Posts: 2,254 ✭✭✭fafy


    I hear ya, but it does move around, it was an Ioniq thread for a good while



  • Registered Users Posts: 2,268 ✭✭✭Miscreant




  • Registered Users Posts: 6,353 ✭✭✭positron


    Yeah apologies, please ignore my last comment (Model S vs Model 3), wrong thread for it! Thanks!

    Now this is a bargain if you are looking for something to do just school runs / shopping etc. €2795 for a 2011 Leaf!! What's the catch?!

    https://www.donedeal.ie/cars-for-sale/nissan-leaf-2011/34627376



  • Registered Users Posts: 2,284 ✭✭✭joe1303l


    I don’t know much about Leafs but it could take most of a day to get this from say Galway to Dublin unless you could trailer it.



  • Registered Users Posts: 521 ✭✭✭electricus


    If your school run is from Dublin to Galway it might not be the car for you!



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  • Registered Users Posts: 11,372 ✭✭✭✭the_amazing_raisin


    I think the comment was actually directed at the rather robust debate going on around Tesla's policy on trade ins

    I'd say your question was absolutely valid regarding the Model S Vs Model 3

    And that Leaf is certainly a bargain for anyone looking for a local runabout

    According to ABRP you'd need 6 charging stops of around 10 mins each, about 4.5 to 5 hours total

    "The internet never fails to misremember" - Sebastian Ruiz, aka Frost



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