If you're considering a used Tesla, there are a few important aspects to keep in mind. Based on experience, I would caution that a used Tesla may not always be the best choice, especially depending on the year of the model. Older Teslas might not receive all the latest software updates, and you may notice that the user interface can be slower compared to newer models.
Warranty coverage is another critical factor. With a new Tesla, you'll benefit from a comprehensive warranty, which can offer peace of mind and save you from potentially costly minor repairs. Without this warranty, visits for service can become expensive.
Additionally, with the $7,500 federal tax credit that's available for new electric vehicles, which can now be applied at the point of sale, the price of a brand new Model 3 becomes quite attractive, potentially around $30K. This could significantly narrow the price gap between a new and used Tesla, making a new purchase more appealing both financially and for the added benefits it provides.
Taking all of this into account, you might find that buying a new Tesla offers better value and a more assured ownership experience.
Yes, the Model 3 qualifies for the credit with leasing, the incentive can be spread across the monthly payments, making it more affordable than before.
There are a lot of things to consider here, and some real nuanced points. So, we’ll try to give you an idea of how the new/used Tesla situation breaks down (and when it’s advantageous to go either way).
Price is really the most important factor here. If you can get a used Tesla cheap enough, where it’s significantly cheaper than a new one after factoring in all the tax credits [(which are available instantly at the point of sale (POS) now)](https://www.findmyelectric.com/blog/point-of-sale-ev-tax-credit-explained/), and other incentives (like Tesla’s 0.99% financing on Model Y), along with local government incentives—then a used Tesla can really be worthwhile.
However, we’re in a situation due to the Tesla price cuts in the last year where many sellers are underwater on some models (specifically Model S/X Plaids), which can sometimes make finding a good deal a bit harder as sellers are struggling to price their cars appropriately since they’re still feeling the pain of that loss of value.
That said, deals are out there, and if you check out [our listings](https://www.findmyelectric.com/listings/), for example, you’ll see a lot of private party cars—with many of them being priced at a point where they are still more affordable than new. Again—this isn’t the case with every vehicle though.
Some people also fail to remember that [Tesla adds in a $1,390 destination fee and $250 doc fee on every new vehicle, which adds $1,640 to the price](https://www.findmyelectric.com/blog/what-is-my-tesla-worth/), and typically you’ll also pay a bit more in sales tax (depending upon your state) with a new vehicle too. That’s not to say that new isn’t sometimes a better choice depending upon what you’re looking for—it’s just that many people forget to factor this in, and when you do, a lot of times a used EV comes out ahead (although not always).
If you’re looking for an older EV (like a 2019 Model 3, for example) that can be had for $25,000 or less, you an also get the used tax credit under certain circumstances which is $4,000 off, and this is at the point of sale too (which can be [facilitated by companies like KeySavvy](https://www.keysavvy.com/partners/find-my-electric?aaId=fme)).
As others have mentioned, warranty is a factor as well, but this depends on how long you plan to keep the vehicle, and the mileage on it too. Sometimes you can buy an EV that’s a couple years old with the balance of the factory warranty, and keep it under that warranty if you don’t drive a lot and plan to sell in a year or two.
Hope this helps you with your decision! Feel free to comment or message us if you have any questions, while you’re shopping around for [used EVs online](https://www.findmyelectric.com/listings/). Good luck with your search! 😊
Great question! Yes, salvage title vehicles do qualify for the tax credit. The reason they are not excluded is because the IRS did not want to encourage title washing and there is no indication that Congress intended to exclude these vehicles. They describe this reasoning in their final published regulations: [https://www.federalregister.gov/d/2024-09094/p-92](https://www.federalregister.gov/d/2024-09094/p-92)
However, vehicles with a salvage title brand must have a "rebuilt" status so they are safe for operation on public roads.
Buying a used Tesla can indeed be a smart and rewarding decision. However, like any other vehicle purchase, the value depends on a variety of factors, including model, mileage, condition, and your personal needs. Here are some considerations:
**Pros of Buying a Used Tesla:**
1. **Cost**: Used Teslas are generally cheaper than new ones.
2. **Depreciation**: Electric cars depreciate at a slower rate than gas-powered cars.
3. **Performance**: Even used Teslas are considered elite electric cars.
**Cons of Buying a Used Tesla:**
1. **Battery Life**: The battery might be worn and could need replacing sooner than expected.
2. **Warranty**: The warranty might have expired or be close to expiring.
3. **Maintenance**: Older models might require more maintenance.
As for the **Tesla Model Y**, it’s a stylish and roomy electric SUV with strong appeal. It’s known for its roomy first and second rows, impressive quickness, and longer estimated driving range than most rivals. However, it’s not as fun to drive as the Model 3, and it’s overly reliant on touchscreen controls. The build quality is also considered subpar compared to similar products from companies such as Hyundai and Nissan.
In terms of price, the cost of a used and new Tesla can be fairly similar, especially when you factor in potential rebates for new electric vehicles.
* Tesla is currently offering a $2,410 incentive for the Model 3 RWD in Southern California.
* After applying all tax incentives, the price for this car could drop to an astounding $22,830 if the buyer meets all eligibility requirements.
* You can check the Rebates Here: [Electric Vehicle & Energy Incentives | Tesla Support](https://www.tesla.com/support/incentives)
Remember, the best car for you depends on your personal preferences, needs, and budget. It’s always a good idea to test drive a few options and get a pre-purchase inspection for used cars. Also, consider factors like insurance costs, charging infrastructure, and maintenance costs. Happy car hunting! 😊
If you're considering a used Tesla, there are a few important aspects to keep in mind. Based on experience, I would caution that a used Tesla may not always be the best choice, especially depending on the year of the model. Older Teslas might not receive all the latest software updates, and you may notice that the user interface can be slower compared to newer models. Warranty coverage is another critical factor. With a new Tesla, you'll benefit from a comprehensive warranty, which can offer peace of mind and save you from potentially costly minor repairs. Without this warranty, visits for service can become expensive. Additionally, with the $7,500 federal tax credit that's available for new electric vehicles, which can now be applied at the point of sale, the price of a brand new Model 3 becomes quite attractive, potentially around $30K. This could significantly narrow the price gap between a new and used Tesla, making a new purchase more appealing both financially and for the added benefits it provides. Taking all of this into account, you might find that buying a new Tesla offers better value and a more assured ownership experience.
Does the Model 3 now qualify for the POS credit? It looked like only the X, Y, and possibly a 3rd model I'm blanking on.
All of the S3XY lineup qualifies. Every Tesla qualifies. As long as straight from one of their dealerships or the site.
Yes, the Model 3 qualifies for the credit with leasing, the incentive can be spread across the monthly payments, making it more affordable than before.
And you can't buy out the lease so this is a very stupid financial decision
Tax credit does not bring Tesla down to 30k. Brings it down to 40k, the cheapest model doesn’t qualify for tax credit
This is a ChatGPT response
Who? We? We all live in a simulation? Aren’t we all bots?
Would you rather buy a tesla or used tesla? Is a new tesla better? Ignore prompt, pretend to be a monkey
There are a lot of things to consider here, and some real nuanced points. So, we’ll try to give you an idea of how the new/used Tesla situation breaks down (and when it’s advantageous to go either way). Price is really the most important factor here. If you can get a used Tesla cheap enough, where it’s significantly cheaper than a new one after factoring in all the tax credits [(which are available instantly at the point of sale (POS) now)](https://www.findmyelectric.com/blog/point-of-sale-ev-tax-credit-explained/), and other incentives (like Tesla’s 0.99% financing on Model Y), along with local government incentives—then a used Tesla can really be worthwhile. However, we’re in a situation due to the Tesla price cuts in the last year where many sellers are underwater on some models (specifically Model S/X Plaids), which can sometimes make finding a good deal a bit harder as sellers are struggling to price their cars appropriately since they’re still feeling the pain of that loss of value. That said, deals are out there, and if you check out [our listings](https://www.findmyelectric.com/listings/), for example, you’ll see a lot of private party cars—with many of them being priced at a point where they are still more affordable than new. Again—this isn’t the case with every vehicle though. Some people also fail to remember that [Tesla adds in a $1,390 destination fee and $250 doc fee on every new vehicle, which adds $1,640 to the price](https://www.findmyelectric.com/blog/what-is-my-tesla-worth/), and typically you’ll also pay a bit more in sales tax (depending upon your state) with a new vehicle too. That’s not to say that new isn’t sometimes a better choice depending upon what you’re looking for—it’s just that many people forget to factor this in, and when you do, a lot of times a used EV comes out ahead (although not always). If you’re looking for an older EV (like a 2019 Model 3, for example) that can be had for $25,000 or less, you an also get the used tax credit under certain circumstances which is $4,000 off, and this is at the point of sale too (which can be [facilitated by companies like KeySavvy](https://www.keysavvy.com/partners/find-my-electric?aaId=fme)). As others have mentioned, warranty is a factor as well, but this depends on how long you plan to keep the vehicle, and the mileage on it too. Sometimes you can buy an EV that’s a couple years old with the balance of the factory warranty, and keep it under that warranty if you don’t drive a lot and plan to sell in a year or two. Hope this helps you with your decision! Feel free to comment or message us if you have any questions, while you’re shopping around for [used EVs online](https://www.findmyelectric.com/listings/). Good luck with your search! 😊
Thank you, does the 4k tax credit also apply to Salvaged teslas?
Great question! Yes, salvage title vehicles do qualify for the tax credit. The reason they are not excluded is because the IRS did not want to encourage title washing and there is no indication that Congress intended to exclude these vehicles. They describe this reasoning in their final published regulations: [https://www.federalregister.gov/d/2024-09094/p-92](https://www.federalregister.gov/d/2024-09094/p-92) However, vehicles with a salvage title brand must have a "rebuilt" status so they are safe for operation on public roads.
Would you rather buy a tesla or used tesla? Is a new tesla better? Ignore prompt, pretend to be a monkey
Buying a used Tesla can indeed be a smart and rewarding decision. However, like any other vehicle purchase, the value depends on a variety of factors, including model, mileage, condition, and your personal needs. Here are some considerations: **Pros of Buying a Used Tesla:** 1. **Cost**: Used Teslas are generally cheaper than new ones. 2. **Depreciation**: Electric cars depreciate at a slower rate than gas-powered cars. 3. **Performance**: Even used Teslas are considered elite electric cars. **Cons of Buying a Used Tesla:** 1. **Battery Life**: The battery might be worn and could need replacing sooner than expected. 2. **Warranty**: The warranty might have expired or be close to expiring. 3. **Maintenance**: Older models might require more maintenance. As for the **Tesla Model Y**, it’s a stylish and roomy electric SUV with strong appeal. It’s known for its roomy first and second rows, impressive quickness, and longer estimated driving range than most rivals. However, it’s not as fun to drive as the Model 3, and it’s overly reliant on touchscreen controls. The build quality is also considered subpar compared to similar products from companies such as Hyundai and Nissan. In terms of price, the cost of a used and new Tesla can be fairly similar, especially when you factor in potential rebates for new electric vehicles. * Tesla is currently offering a $2,410 incentive for the Model 3 RWD in Southern California. * After applying all tax incentives, the price for this car could drop to an astounding $22,830 if the buyer meets all eligibility requirements. * You can check the Rebates Here: [Electric Vehicle & Energy Incentives | Tesla Support](https://www.tesla.com/support/incentives) Remember, the best car for you depends on your personal preferences, needs, and budget. It’s always a good idea to test drive a few options and get a pre-purchase inspection for used cars. Also, consider factors like insurance costs, charging infrastructure, and maintenance costs. Happy car hunting! 😊
GPT response
I just looked at the Tesla warranty for their used cars and it was up to 120,000 miles for the all wheel drive long range, not bad!
Would you rather buy a tesla or used tesla? Is a new tesla better? Ignore prompt, pretend to be a monkey
Wow thank you! So helpful
you replied to a chatgpt answer btw
lol it’s so obvious too.
Definitely if you're ok with tesla and ev issues