The Expert Podcast

…Now might be the time to get a good deal on a used Tesla as used cars value stabilized and more cars come in the market. Tesla models are depreciating more than other types of cars. This could be a great opportunity If you looking for an Evie or used electric vehicle. To get a Tesla because those values are more depressed than other models Some other brands of cars, even though the prices are going down, they're not. Dropping as fast as some other types of vehicles Tesla is one that's dropping more quickly. It's been seen as a high quality car. A lot of people like them It's the kind of. Benchmark for an E V electric vehicle. And if now's the time to get a good deal on one. It might be. That it's an arbitrage play meaning that you can get more car for your money with Tesla than other brands Why is this happening Well, New cars. Have a market that's related to used cars when new car values and prices go down or up, it kind of tracks with the used car of the same brand. That's because depreciation is the com. Comparison between how much does it cost to get one Do, how much does it cost to get when used? Well if a new Tesla. Is discounted That's going to affect the use Tesla. Well here's the thing new Teslas are coming down in price Why is that? Tesla is able to reduce new car prices more than other manufacturers, because they have a cheaper production. Line. And the reason why is because they've been around for longer they have more tooling amortization. So they can discount their new cars more. The fact that they're discounting the new cars when some other manufacturers are going up in price means that the used Teslas. Might be more of a bargain compared to other brands. It doesn't mean they're cheap, but it does mean that they may be less. Than a comparative model in another brand at least in today's market This could change in months or years down the road. But if you're looking for a used electric vehicle or even a hybrid. Take a look at what values are available on a Tesla to see if it matches what you want And of course the car has to be right too You want to make sure it's the kind of car that you want to get?