My $20,000 Tesla Buying Mistake | Don't Do This

00:20:01
https://www.youtube.com/watch?v=JsA5pmn1CJI

Ringkasan

TLDRThe video provides insights and advice on purchasing Tesla vehicles, particularly emphasizing the timing and strategy involved to avoid buyer's remorse. It discusses past experiences with Tesla launches like the Cybertruck, Model 3, and Model Y, highlighting issues faced by early adopters due to build quality and pricing dynamics. It outlines how waiting after a new vehicle launch can often result in better quality cars, reduced prices, and access to incentives like financing deals or discounts. The video also addresses financial aspects like interest rates and the potential impact of the looming disappearance of EV tax credits. It suggests that while early adopters face certain risks, they are crucial for Teslaโ€™s product development. Finally, the video underscores the importance of considering long-term costs, particularly with optional features like Tesla's Full Self-Driving package, and keeping informed on Tesla's continuous price and feature adjustments to make a well-timed purchase.

Takeaways

  • ๐Ÿš— New Tesla models attract high initial demand but often face quality issues.
  • ๐Ÿ“‰ Prices usually drop after launch due to improved production and market saturation.
  • ๐Ÿ’ธ Timing purchases is crucial to benefit from incentives and avoid depreciation.
  • ๐Ÿ› ๏ธ Early production models generally have more issues; waiting improves reliability.
  • ๐Ÿ”„ Tesla resale minds restrictions might impact short-term financial plans.
  • ๐Ÿท๏ธ Interest rates and pricing strategies heavily influence affordability.
  • ๐Ÿ“ฆ End-of-quarter discounts and incentives can offer substantial savings.
  • ๐Ÿš€ Early adopters are essential for product growth but face higher risks.
  • โš–๏ธ Consider the need versus cost for features like Full Self-Driving.
  • ๐Ÿ“Š Monitoring market trends and Tesla strategies can lead to better purchase decisions.

Garis waktu

  • 00:00:00 - 00:05:00

    Tesla's new vehicle releases always generate excitement. Recent launches like the Model 3, Model Y, and Cybertruck have been significant, with the Cybertruck facing skepticism before its release due to delays. Tesla refreshed the Model 3 recently, and a Model Y refresh is expected. The narrator shares insights from personal experiences buying Tesla vehicles, including the Cybertruck, and outlines common issues with early vehicle models while urging caution and patience when buying new Teslas.

  • 00:05:00 - 00:10:00

    Tesla's Cybertruck launched with a resale clause and significant markup, leading to high resale prices. Early Tesla vehicles often suffer from quality issues, but improve over time. The narrator regrets buying the Cybertruck during its expensive Foundation series phase, noting that waiting could have yielded savings as prices fell and discounts were introduced. The example illustrates why waiting to purchase new Tesla models can be advantageous, as prices typically drop after initial launch excitement subsides.

  • 00:10:00 - 00:15:00

    The narrator predicts demand and price trends for upcoming Tesla models, like the Model Y refresh. Initial excitement may lead to price increases, but production quality and pricing usually improve over time. Observations suggest that waiting out early production issues and anticipating potential price incentives can be beneficial. The video also addresses the impact of the potential EV tax credit expiration and the likelihood of Tesla adjusting prices or offering incentives in response.

  • 00:15:00 - 00:20:01

    Tesla's pricing strategies often involve end-of-quarter sales incentives and adjustments based on demand. The speaker emphasizes the importance of waiting for potential savings after initial model launches. They share insights on Tesla's FSD package, acknowledging its improvements and offering advice based on personal experiences with vehicle purchases and depreciation. The video concludes by advising viewers to track Tesla incentives and buy during off-peak times for better deals, praising the driving experience as ultimately rewarding.

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Peta Pikiran

Video Tanya Jawab

  • Why were people excited about the Cybertruck?

    The Cybertruck was unique in design and engineering, generating excitement and a high demand at launch.

  • What issues were faced with early Tesla models?

    Early Tesla models often had build quality issues, recalls, and higher prices.

  • Why is buying a Tesla at the right time important?

    Buying at the right time can help avoid higher prices, lower quality first batches, and secure deals or incentives that become available later.

  • What should Tesla buyers keep in mind about price changes?

    Buyers should consider that prices may drop after initial release due to increased production and incentives.

  • Has Tesla offered financing incentives?

    Yes, Tesla offers incentives like 0% APR financing, usually towards the end of quarters.

  • What is the impact of interest rates on Tesla pricing?

    High interest rates increase monthly payments, which might lead Tesla to lower car prices.

  • Is Full Self-Driving (FSD) worth it according to the video?

    FSD has improved significantly, making it more worth considering, but it depends on usage plans.

  • How does Tesla handle resale restrictions?

    Tesla has clauses like the Cybertruck's that prevent resale within a year of purchase.

  • What are potential risks of early adoption?

    Early adopters might face higher prices, initial quality issues, and depreciation as newer models improve.

  • How does waiting benefit Tesla buyers?

    Waiting can lead to price reductions, improved build quality, and access to end-of-quarter deals.

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Teks
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Gulir Otomatis:
  • 00:00:00
    whenever Tesla releases a new vehicle at
  • 00:00:02
    least a certain percentage of the
  • 00:00:03
    population is excited by it some of
  • 00:00:05
    their biggest recent launches were of
  • 00:00:07
    course the model 3 Model Y and then the
  • 00:00:09
    Cyber Tru the cybertruck was an
  • 00:00:11
    especially big deal since that truck was
  • 00:00:13
    very late from Tesla's original release
  • 00:00:15
    time line and it was a car unlike
  • 00:00:17
    anything shipped at the scale Tesla is
  • 00:00:19
    producing it at many also doubted they
  • 00:00:21
    would ever make it recently Tesla
  • 00:00:23
    refreshed the model 3 and soon the model
  • 00:00:25
    Y is expected to receive a refresh so
  • 00:00:27
    today I'm going to break down the right
  • 00:00:29
    way to buy it Tesla this comes after my
  • 00:00:31
    experience buying Teslas over the years
  • 00:00:33
    and recently a cyber truck and I'm going
  • 00:00:35
    to detail all of my regrets there so
  • 00:00:37
    that you don't have them let's get into
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    it for the Cyber Tru it looks unlike
  • 00:00:45
    anything else on the road so many were
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    excited to get their hands on it as soon
  • 00:00:49
    as possible beyond that Tesla actually
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    did do a lot of great engineering work
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    on that truck so that led to the
  • 00:00:54
    popularity of that car soaring at launch
  • 00:00:57
    Tesla had a resale Clause that prevented
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    owners from selling their new Cyber
  • 00:01:01
    truck for a full year and this was to
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    try and prevent scalping they also sold
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    it with a $20,000 markup as the
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    foundation series for almost a full year
  • 00:01:09
    even with that and clauses used prices
  • 00:01:11
    of new Cyber truck soared because people
  • 00:01:13
    wanted this truck right away in a sense
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    we actually saw similar with the model
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    y's launch however a lot of its high
  • 00:01:19
    resale prices a year after its launch
  • 00:01:21
    had to do with the overall car market as
  • 00:01:23
    a whole still it showed a lot that is
  • 00:01:26
    important to keep in mind when buying a
  • 00:01:27
    Tesla since there are a few new Tesla
  • 00:01:29
    Tesla vehicle launches coming up there
  • 00:01:31
    are a few things to keep in mind maybe
  • 00:01:33
    you're looking forward to the model y
  • 00:01:35
    refresh maybe you're waiting for
  • 00:01:36
    whatever Tesla's more affordable vehicle
  • 00:01:38
    will be in 2025 either way keeping these
  • 00:01:41
    things in mind will be important they're
  • 00:01:43
    all things I've learned the hard way
  • 00:01:45
    when buying Tesla vehicles first off
  • 00:01:47
    when buying a new Tesla specifically a
  • 00:01:49
    brand new model the first cars out of
  • 00:01:51
    the factory are always the worst quality
  • 00:01:54
    in fact it's this weird Confluence where
  • 00:01:56
    excitement for the brand new car is at
  • 00:01:58
    an all-time high so customer are willing
  • 00:02:00
    to pay more and yet they are getting the
  • 00:02:02
    worst built version of this car for the
  • 00:02:04
    most part no matter what and no matter
  • 00:02:06
    what company it is the more something is
  • 00:02:08
    made the more they iterate and improve
  • 00:02:10
    quality this is especially true for
  • 00:02:12
    Tesla I experienced this directly with
  • 00:02:14
    my 2020 model y it had a number of weird
  • 00:02:17
    issues I had to get fixed at service
  • 00:02:19
    like an alert yelling at me that the
  • 00:02:20
    front trunk was open when it wasn't it
  • 00:02:22
    took two service visits to fix that
  • 00:02:24
    since it was a new issue on a new car at
  • 00:02:27
    the time as well I made a bunch of
  • 00:02:28
    videos going over all of my issues
  • 00:02:30
    but over time this improved dramatically
  • 00:02:32
    for the model wise build when I upgraded
  • 00:02:34
    to a 2022 model y I couldn't believe how
  • 00:02:37
    big of a difference it was in terms of
  • 00:02:38
    quality the car drove better felt better
  • 00:02:41
    inside was put together much better was
  • 00:02:43
    quieter and of course by that point was
  • 00:02:45
    cheaper to buy new from Tesla the same
  • 00:02:48
    has been the case for the Cyber truck
  • 00:02:49
    but in an even more drastic way when
  • 00:02:51
    Tesla originally announced the Cyber
  • 00:02:53
    truck they said it would start at
  • 00:02:54
    $40,000 for direct comparison the
  • 00:02:56
    all-wheel drive model they now sell for
  • 00:02:58
    $80,000 was supposed to start at 50,000
  • 00:03:02
    at launch however Tesla sold the
  • 00:03:03
    foundation series for 100,000 double its
  • 00:03:06
    originally announced 29 price for this
  • 00:03:08
    trim and of course the initial run of
  • 00:03:10
    trucks are the ones that are seeing the
  • 00:03:12
    majority of issues some were software
  • 00:03:15
    fixes but some were physical recalls
  • 00:03:17
    that required a service visit there was
  • 00:03:18
    the faulty pedal recall where the pedal
  • 00:03:20
    cover would slide off and keep the car
  • 00:03:22
    accelerating there were recalls for
  • 00:03:24
    wiper motors and a piece on the truck
  • 00:03:26
    bed trim and then there was another
  • 00:03:28
    recall in November to replace Drive
  • 00:03:30
    inverters on about 2,000 trucks all of
  • 00:03:32
    these were pretty simple issues All
  • 00:03:33
    Things Considered but they were of
  • 00:03:35
    course exclusive to the early run of to
  • 00:03:38
    $120,000 Foundation series cyber trucks
  • 00:03:41
    by the time Tesla finally started
  • 00:03:42
    shipping normally priced cyber trucks
  • 00:03:44
    these issues were mostly fixed this is
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    where I'll talk about my particular
  • 00:03:48
    regrets with the Cyber truck I purchased
  • 00:03:50
    my cyber truck at what now seems to have
  • 00:03:52
    been in retrospect the worst possible
  • 00:03:55
    time since Tesla had such a backlog of
  • 00:03:57
    orders for the Cyber truck I figured
  • 00:03:59
    that once Foundation series orders ended
  • 00:04:01
    I'd be waiting until 2025 to take
  • 00:04:03
    delivery as such I decided to convert my
  • 00:04:06
    order to Foundation series I ran the
  • 00:04:08
    numbers on everything the foundation
  • 00:04:10
    series included like a $2,500 credit for
  • 00:04:12
    powershare $8,000 FSD package lifetime
  • 00:04:16
    premium connectivity which is usually
  • 00:04:17
    $100 a year $3,500 cyber Wheels $22,000
  • 00:04:21
    white interior and various accessories
  • 00:04:24
    so I figured the upgrade was worthwhile
  • 00:04:26
    however 2 days later I received the
  • 00:04:28
    email from Tesla that I could purchase a
  • 00:04:30
    cyber Tru at normal pricing while I do
  • 00:04:32
    like the wheels and interior I went with
  • 00:04:34
    I think saving $20,000 would have been
  • 00:04:36
    better or even $122,000 if I had decided
  • 00:04:39
    to option FSD then shortly after this
  • 00:04:42
    Tesla added the Cyber truck to the
  • 00:04:43
    referral program giving customers a
  • 00:04:45
    $2,000 discount by using a referral Link
  • 00:04:48
    in practice that took the $80,000 price
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    tag down to
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    $78,000 next up to make things even a
  • 00:04:54
    bit worse for me Tesla started
  • 00:04:56
    cybertruck leases at $1,000 per month
  • 00:04:59
    for at least that's obviously a very
  • 00:05:00
    high amount but shortly after this they
  • 00:05:02
    dropped it down to $900 a month this
  • 00:05:05
    happened around the time that Tesla
  • 00:05:06
    added the option to buy out a lease at
  • 00:05:08
    the end of its term length so that now
  • 00:05:10
    gives a lot more flexibility and in the
  • 00:05:12
    case of the cybertruck it can actually
  • 00:05:14
    make it the cheapest option for now the
  • 00:05:16
    cybertruck does not have official
  • 00:05:18
    qualification for the EV tax credit of
  • 00:05:20
    $7,500 but through the leasing loophole
  • 00:05:23
    it does qualify that means that leasing
  • 00:05:25
    a cyber truck can actually end up quite
  • 00:05:27
    a bit under $80,000 if you buy it out
  • 00:05:29
    out Dennis CW detailed this on X showing
  • 00:05:32
    the math here and when you try to buy
  • 00:05:34
    out a Tesla lease it shows the
  • 00:05:36
    subtracted tax credit a referral code
  • 00:05:38
    works on the lease as well so you can
  • 00:05:39
    end up with a total cost still spread
  • 00:05:41
    out with a lease somewhat under
  • 00:05:44
    $80,000 then beyond that it seems to
  • 00:05:46
    have become clear that Tesla is going to
  • 00:05:47
    be pushing cybertruck sales incentives
  • 00:05:49
    soon enough reports are showing that
  • 00:05:51
    Foundation series trucks are stacking up
  • 00:05:53
    in inventory they're even debadging some
  • 00:05:56
    of them to resell them at normal prices
  • 00:05:58
    and they have lowered production rates
  • 00:06:00
    the cybertruck just doesn't seem to be
  • 00:06:02
    selling as well as Tesla had hoped at
  • 00:06:03
    the moment so I think end ofe incentives
  • 00:06:06
    could hurt even worse for someone like
  • 00:06:07
    me who bought right before all of these
  • 00:06:09
    prices dropped it's a great extreme and
  • 00:06:12
    very clear example of why it's usually
  • 00:06:14
    smart to wait to buy a new Tesla vehicle
  • 00:06:16
    this took only about one year for the
  • 00:06:18
    cybertruck to receive discounts be
  • 00:06:20
    readily available in inventory and be
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    through initial recalls SO waiting that
  • 00:06:24
    year absolutely is paying off for some
  • 00:06:26
    patient owners the same is likely going
  • 00:06:29
    to be the case with whatever Tesla's
  • 00:06:31
    next new cars are for 2025 we're
  • 00:06:33
    expecting a couple things to come from
  • 00:06:35
    Tesla and first is that model y refresh
  • 00:06:38
    the reason this is going to be such a
  • 00:06:39
    big deal is because Tesla has not done
  • 00:06:41
    much with that car in the last four
  • 00:06:42
    years at least from a cosmetic
  • 00:06:44
    perspective on top of that all the
  • 00:06:46
    upgrades they made to the model 3 really
  • 00:06:48
    make that car far better than previous
  • 00:06:50
    years so the model y will seemingly be
  • 00:06:52
    much improved where it really matters
  • 00:06:55
    yes there will be a new design in some
  • 00:06:56
    ways but overall it will be quieter more
  • 00:06:58
    comfortable and smoother ride inside and
  • 00:07:01
    that's coming to the world's bestselling
  • 00:07:03
    car of any type the car that is
  • 00:07:04
    currently climbing the ranks in the US
  • 00:07:06
    and may be the bestselling car here as
  • 00:07:08
    well soon for all of those reasons it is
  • 00:07:10
    expected that the mod Y refresh will
  • 00:07:11
    follow Tesla's normal cycle they are
  • 00:07:14
    ramped on production very well with that
  • 00:07:16
    car so it may be a quick turnaround in
  • 00:07:18
    any case here's what I expect to see
  • 00:07:20
    from Tesla with the model Y in 2025 They
  • 00:07:22
    will announce the refresh and there will
  • 00:07:24
    at least be some form of a wait time for
  • 00:07:26
    customers to get their hands on it maybe
  • 00:07:28
    this will be 3 weeks maybe this will be
  • 00:07:30
    3 months but once it's announced all of
  • 00:07:32
    that pent up demand from customers
  • 00:07:34
    waiting will finally be turned into
  • 00:07:36
    orders and Tesla will have a backlog as
  • 00:07:38
    they rant production back up on this
  • 00:07:40
    refreshed model as their orders continue
  • 00:07:43
    surpassing their production capacity
  • 00:07:44
    they will probably raise prices they do
  • 00:07:47
    this pretty much anytime a Vehicles
  • 00:07:48
    demand outpaces production and it may be
  • 00:07:51
    for $1,000 to $3,000 or so Tesla will
  • 00:07:54
    begin deliveries customers will be
  • 00:07:56
    excited but of course within a number of
  • 00:07:58
    months production quality will will
  • 00:07:59
    improve and as demand evens out with
  • 00:08:01
    production they will probably lower
  • 00:08:03
    prices once again as far as build
  • 00:08:05
    quality goes I will say that since this
  • 00:08:07
    isn't an entirely new vehicle there is
  • 00:08:09
    less concern here the model 3 refresh
  • 00:08:12
    came out of Tesla's factories looking
  • 00:08:13
    pretty good out of the gate but still
  • 00:08:15
    there will be something improved between
  • 00:08:17
    build one and 100,000 of the model y
  • 00:08:20
    Juniper so if you are particularly cost
  • 00:08:23
    conscious and really want this car it
  • 00:08:25
    does seem that waiting will be the
  • 00:08:26
    smartest move it takes a lot of patience
  • 00:08:28
    but for some it makes the most sense
  • 00:08:31
    then the odd thing about the timing here
  • 00:08:32
    is the question of the tax credit the
  • 00:08:34
    Eevee tax credit may be entirely
  • 00:08:36
    disappearing sometime in 20125 so your
  • 00:08:38
    timing may be entirely different since
  • 00:08:40
    you may want to ensure that you buy
  • 00:08:42
    while the credits are still in place in
  • 00:08:44
    response to that disappearing credit
  • 00:08:46
    however we do expect some form of Tesla
  • 00:08:48
    price reduction to come back in 2022 on
  • 00:08:51
    the cusp of the tax credit being
  • 00:08:52
    instated in 2023 Tesla was actually
  • 00:08:55
    offering a $7,500 discount on the model
  • 00:08:58
    3 and Y for new purchases
  • 00:09:00
    this was to incentivize people to still
  • 00:09:01
    buy within the quarter and not wait so
  • 00:09:04
    they definitely do not shy away from
  • 00:09:05
    incentives directly aimed at that credit
  • 00:09:08
    here it may just be in the reverse order
  • 00:09:10
    to keep sales going into the future all
  • 00:09:12
    of this to say the situation is a bit
  • 00:09:14
    more complex in 2025 but waiting does
  • 00:09:17
    always seem to pay off which brings us
  • 00:09:19
    to the end of a quarter Tesla is
  • 00:09:21
    different than most other automakers in
  • 00:09:23
    that they sell direct to customer for
  • 00:09:25
    most automakers they can realize their
  • 00:09:26
    auto sales at the end of a quarter by
  • 00:09:28
    delivering them to dealers the dealers
  • 00:09:30
    then hold them and sell them but it's
  • 00:09:32
    separate from the automaker for Tesla
  • 00:09:34
    however they only realize sales when a
  • 00:09:36
    customer drives off with the car in
  • 00:09:38
    practice to keep shareholders happy this
  • 00:09:40
    leads to an end of quarter Blitz
  • 00:09:42
    delivering huge waves of vehicles to get
  • 00:09:44
    as good of numbers as they can Elon Musk
  • 00:09:47
    has discussed decreasing that end of
  • 00:09:49
    quarter delivery wave in the past but it
  • 00:09:51
    just has not happened in certain
  • 00:09:52
    quarters maybe it has been less intense
  • 00:09:55
    but it still seems that especially the
  • 00:09:56
    last quarter of the year has this going
  • 00:09:58
    on at T Tesla they are trying to deliver
  • 00:10:01
    vehicles but are also incentivizing
  • 00:10:02
    sales with inventory discounts increased
  • 00:10:05
    referral discounts free supercharging
  • 00:10:07
    and more a brief list of the incentives
  • 00:10:09
    we've seen Tesla Implement in this
  • 00:10:10
    quarter alone include 0% APR financing
  • 00:10:14
    which ended on December 15th 3 months of
  • 00:10:16
    free FSD and supercharging free
  • 00:10:18
    unlimited Lifetime supercharging on the
  • 00:10:20
    model S after a $5,000 price increase
  • 00:10:23
    inventory discounts on certain vehicle
  • 00:10:25
    trims between $1,000 to $7,500 off free
  • 00:10:29
    paid options if you option the FSD
  • 00:10:31
    package FSD transfers and more I also
  • 00:10:34
    expect more to pop up as we truly
  • 00:10:36
    approach the last days of the year for
  • 00:10:38
    the most part if you had ordered at the
  • 00:10:39
    beginning of the quarter none of these
  • 00:10:41
    deals were in place so waiting can
  • 00:10:43
    really pay off in a number of ways who
  • 00:10:45
    knows what all will happen but I imagine
  • 00:10:47
    the model y refresh will be a far better
  • 00:10:49
    deal come December of 2025 than January
  • 00:10:52
    of 2025 but hindsight is 2020 and it
  • 00:10:55
    really is impossible to time accurately
  • 00:10:58
    my general rule for timing of a Tesla is
  • 00:11:00
    if the car delivers features today that
  • 00:11:02
    you're happy with at a cost that you're
  • 00:11:04
    comfortable with you can't go wrong some
  • 00:11:06
    deal is probably around the corner but
  • 00:11:08
    you could be waiting forever for that
  • 00:11:09
    one earlier in this video for example
  • 00:11:11
    when I detailed all of the deals for the
  • 00:11:13
    Cyber Tru each one would have been
  • 00:11:15
    enticing in its own way and I likely
  • 00:11:17
    would have jumped in once each new one
  • 00:11:19
    launched then if I waited I would have
  • 00:11:21
    jumped in after the discount or I would
  • 00:11:23
    have when leases were back to $1,000 so
  • 00:11:26
    it's easy to see my mistakes pile up
  • 00:11:28
    looking back but it's some point if I am
  • 00:11:30
    getting this car I have to get it on the
  • 00:11:32
    other side of things next year is
  • 00:11:33
    whatever Tesla's more affordable
  • 00:11:35
    Vehicles will be the latest rumors here
  • 00:11:37
    are that this will be about a $330,000
  • 00:11:39
    vehicle with volume production around
  • 00:11:41
    the middle of 2025 it will also be about
  • 00:11:44
    the length of a mini 30% lighter than a
  • 00:11:46
    model 3 and 15% smaller than one thanks
  • 00:11:49
    to its smaller size the battery will be
  • 00:11:51
    able to come down in cost and it could
  • 00:11:53
    have a great 310 mile range with a long
  • 00:11:55
    range spec I personally expect the
  • 00:11:57
    standard Range model will have around a
  • 00:11:59
    220 M range in any case that car is
  • 00:12:02
    going to be an especially interesting
  • 00:12:03
    one because again it will probably
  • 00:12:05
    follow this pattern even though it's a
  • 00:12:07
    more affordable vehicle it will be brand
  • 00:12:09
    new and exciting orders will probably
  • 00:12:11
    Stack Up and Tesla will be able to
  • 00:12:13
    charge more for it at launch than they
  • 00:12:15
    will later it will be quite a bit
  • 00:12:17
    different than the Cyber Tru and that it
  • 00:12:18
    is somewhere in the 30,000 instead of
  • 00:12:21
    100,000s so that will mean a lot of
  • 00:12:23
    actual sales for a long time this will
  • 00:12:25
    also be the case because there aren't
  • 00:12:27
    great Alternatives in North America in
  • 00:12:28
    particular but it will also be a brand
  • 00:12:30
    new car for Tesla that means that
  • 00:12:32
    initial cars will be popular more
  • 00:12:34
    expensive and have the worst build they
  • 00:12:36
    could still have a great build but will
  • 00:12:38
    no doubt improve at least a little in
  • 00:12:40
    time then after a year of ramping
  • 00:12:42
    production there Tesla could have it
  • 00:12:44
    efficiently scaled and find that they
  • 00:12:45
    need to create demand as such they will
  • 00:12:47
    drop prices introduce incentives and
  • 00:12:49
    more the cycle continues and this is the
  • 00:12:51
    cycle of every Tesla vehicle so of
  • 00:12:54
    course the advice is that waiting pays
  • 00:12:56
    off at the same time I'm the guy not
  • 00:12:58
    taking my own advice here here this is
  • 00:12:59
    in large part so that I can have the
  • 00:13:01
    latest vehicles to review on this
  • 00:13:02
    channel but I always do see this pattern
  • 00:13:05
    repeat with my own cars another great
  • 00:13:07
    example here that I completely made this
  • 00:13:08
    mistake with was the Plaid Model S I
  • 00:13:11
    purchased that car back in 2021 when
  • 00:13:13
    pricing was at its peak and this car
  • 00:13:15
    perhaps more than any other Tesla
  • 00:13:16
    vehicle launch showcased what happens
  • 00:13:18
    with pricing over time that car launched
  • 00:13:21
    at about $130,000 and may have become
  • 00:13:23
    the most depreciating Tesla vehicle I've
  • 00:13:25
    seen first it depreciated like a normal
  • 00:13:28
    car but it also caught the end of high
  • 00:13:30
    pricing during that season when cars
  • 00:13:31
    were in high demand in general then its
  • 00:13:34
    value started decreasing on its own but
  • 00:13:36
    Tesla made this significantly worse when
  • 00:13:38
    they at the start of 2023 dropped the
  • 00:13:40
    Plaid Model S's price by $21,000
  • 00:13:43
    overnight yes
  • 00:13:45
    $21,000 this kept lowering over time
  • 00:13:47
    bringing the model S all the way down to
  • 00:13:50
    $89,999 today it is increased by $5,000
  • 00:13:54
    up to
  • 00:13:55
    $95,000 but that came with the addition
  • 00:13:57
    of unlimited supercharging when looking
  • 00:13:59
    at used prices on these cars it's
  • 00:14:00
    overall pretty crazy to see and it
  • 00:14:02
    definitely hurt a lot of owners there so
  • 00:14:04
    again it's the same lesson they'll
  • 00:14:06
    charge a lot at launch and the price
  • 00:14:07
    will come down overall we do want this
  • 00:14:10
    to happen with electric cars we want
  • 00:14:11
    their prices to come down in general but
  • 00:14:14
    it's something to keep in mind with its
  • 00:14:15
    launch the damage just won't be as bad
  • 00:14:17
    as Something Like the Model S when the
  • 00:14:19
    car is cheaper to start so massive
  • 00:14:21
    depreciation like that happens more on
  • 00:14:22
    their luxury cars in any case with all
  • 00:14:25
    of that said for the model y refresh it
  • 00:14:27
    does feel like grabbing a model y right
  • 00:14:29
    before the refresh could be a great
  • 00:14:30
    opportunity also if you're extremely
  • 00:14:33
    patient and willing to risk it it seems
  • 00:14:35
    likely that Tesla will have some
  • 00:14:36
    leftover inventory that they need to
  • 00:14:38
    sell off once that new car is announced
  • 00:14:40
    these could have some great discounts
  • 00:14:42
    however that car will probably
  • 00:14:44
    depreciate quite a bit due to the
  • 00:14:45
    updated model and it could even
  • 00:14:47
    depreciate with the introduction of
  • 00:14:48
    whatever that cheaper Tesla is coming by
  • 00:14:50
    the middle of next year the last thing
  • 00:14:52
    we'll talk about today is interest rates
  • 00:14:55
    we already talked about Tesla's 0% APR
  • 00:14:57
    financing deal some something like this
  • 00:14:59
    could come back at any time we saw a
  • 00:15:01
    1.99% APR deal this year a 0.99% APR
  • 00:15:05
    deal and 0% APR deal we've also seen 0
  • 00:15:09
    down and more but those are specifically
  • 00:15:11
    incentives at the end of the day when
  • 00:15:13
    things are normal Tesla's interest rates
  • 00:15:15
    are at about 5.99% right now you may be
  • 00:15:18
    used to seeing numbers like this as
  • 00:15:20
    they've been the rates for some time but
  • 00:15:22
    this actually has a huge impact on
  • 00:15:23
    Tesla's pricing higher interest rates
  • 00:15:25
    means a higher monthly payment and it
  • 00:15:27
    can make a significant difference
  • 00:15:29
    difference sometimes hundreds of dollars
  • 00:15:30
    a month in practice this means that if
  • 00:15:32
    many customers are financing their cars
  • 00:15:35
    it's that much harder for Tesla to sell
  • 00:15:37
    cars unless they respond by dropping
  • 00:15:39
    prices so even though the customer may
  • 00:15:41
    experience the same overall cost Tesla
  • 00:15:44
    has to drop their prices in response to
  • 00:15:46
    the effects of high interest rates right
  • 00:15:48
    now analysts predict that new car loan
  • 00:15:50
    rates should drop sometime in 2025 so if
  • 00:15:52
    that comes true it will have an effect
  • 00:15:54
    on Tesla pricing hopefully it simply
  • 00:15:56
    means we finally see the alignment of
  • 00:15:58
    Tes Tesla's lowered prices with lowered
  • 00:16:00
    loan rates leading to the lowest monthly
  • 00:16:03
    payments we've seen for Tesla vehicles
  • 00:16:05
    of course that all depends on a number
  • 00:16:06
    of factors though and The Disappearance
  • 00:16:08
    of the tax credit could negatively
  • 00:16:10
    affect these savings at least for a time
  • 00:16:12
    the last thing I'll mention is something
  • 00:16:14
    my position has changed on and that's
  • 00:16:16
    because this particular feature has
  • 00:16:17
    improved a ton over time back in 2020 I
  • 00:16:20
    purchased my model y but soon after
  • 00:16:22
    decided to buy Tesla's FSD package at
  • 00:16:25
    the time this was about $6 or $8,000 but
  • 00:16:27
    once I got it I realized it was not
  • 00:16:29
    nearly feature complete as I had hoped
  • 00:16:32
    at the time at least my advice would
  • 00:16:33
    have been for customers to Simply skip
  • 00:16:35
    this package however Tesla eventually
  • 00:16:37
    made a subscription model for this
  • 00:16:39
    increased its price up to $155,000
  • 00:16:41
    offered transfers and more then in time
  • 00:16:43
    it came back down to its current price
  • 00:16:45
    of $8,000 or $99 per month that's where
  • 00:16:49
    this purchase will depend on your
  • 00:16:50
    particular situation Tesla's version 13
  • 00:16:53
    of FSD is currently starting its roll
  • 00:16:55
    out and it's an incredibly impressive
  • 00:16:57
    piece of technology I think for many
  • 00:16:59
    drivers they'll find that they truly
  • 00:17:00
    want to use it the vast majority of the
  • 00:17:02
    time and that it can really handle most
  • 00:17:04
    situations in a great way I just drove
  • 00:17:06
    from LA to San Diego on FSD
  • 00:17:09
    13.2.1 in the cybertruck and only
  • 00:17:12
    intervened once at the very end when it
  • 00:17:14
    was turning into where I was going so
  • 00:17:16
    this package is actually something I'd
  • 00:17:17
    now consider with that said it depends
  • 00:17:19
    on your particular situation since this
  • 00:17:21
    package remains with your vehicle if you
  • 00:17:23
    decide to sell your car or upgrade to
  • 00:17:25
    another Tesla unless you have a
  • 00:17:27
    promotion running the FSD package stays
  • 00:17:29
    with the vehicle that you have so in
  • 00:17:31
    practice if upgrading to a new Tesla and
  • 00:17:33
    still wanting this package you'll need
  • 00:17:35
    to buy it again at whatever the price is
  • 00:17:37
    by the time you were selling your car
  • 00:17:39
    for some this may mean that subscribing
  • 00:17:41
    is the best option it's $99 a month so
  • 00:17:44
    if that price sticks it would take
  • 00:17:45
    almost 7 years before you'd be paying
  • 00:17:47
    $8,000 for this package of course that
  • 00:17:50
    presumes a lot staying the same for
  • 00:17:52
    Tesla in the next 7 years which it never
  • 00:17:54
    does but either way if you plan to sell
  • 00:17:56
    in 2 or 3 years subscribing may be the
  • 00:17:59
    best option otherwise you'll find
  • 00:18:00
    yourself selling your car and losing FSD
  • 00:18:02
    like I did on my model y with that said
  • 00:18:05
    Tesla does periodically offer FSD
  • 00:18:07
    transfers but it's always for unlimited
  • 00:18:09
    time right now this is an option but
  • 00:18:11
    it's ending December 31st also since FSD
  • 00:18:14
    is really getting closer to the dream of
  • 00:18:16
    the technology with v13 price increases
  • 00:18:19
    could be around the corner so if you
  • 00:18:21
    want FSD and plan to keep your car for a
  • 00:18:23
    while buying may actually be smart so
  • 00:18:26
    there are a few types of Tesla buyers
  • 00:18:28
    you have the early adopter and of course
  • 00:18:30
    we need the early adopter if nobody buys
  • 00:18:32
    the first run of a new Tesla at the
  • 00:18:34
    higher price with those potential issues
  • 00:18:36
    they won't be able to scale and grow
  • 00:18:38
    from there for many watching this
  • 00:18:39
    channel however they may fall into the
  • 00:18:41
    category of The Bargain Hunter wanting
  • 00:18:43
    to jump into a test the purchase but
  • 00:18:45
    needing to wait until it makes absolute
  • 00:18:47
    sense and gets them the most comfortable
  • 00:18:49
    monthly payment luckily I do track this
  • 00:18:51
    stuff a lot on this channel so you
  • 00:18:53
    should be able to stay up to date by
  • 00:18:54
    watching my videos I'm always tracking
  • 00:18:56
    the latest incentives and it's both a
  • 00:18:57
    blessing and a C for myself since I
  • 00:19:00
    always know exactly how much better of a
  • 00:19:02
    deal I could have gotten by waiting X
  • 00:19:04
    number of days the main lesson I've
  • 00:19:06
    learned the hard way though is never
  • 00:19:08
    rush into buying a Tesla during a hype
  • 00:19:10
    cycle unless you're prepared for
  • 00:19:11
    potential regrets when prices drop and
  • 00:19:14
    incentives improve then if you're buying
  • 00:19:16
    a new Tesla Model always check videos
  • 00:19:18
    forums inventory trackers and Tesla's
  • 00:19:21
    own website before pulling the trigger
  • 00:19:23
    this can literally save you thousands of
  • 00:19:25
    dollars since if you order a car without
  • 00:19:26
    a referral link it's too late if you do
  • 00:19:29
    it can save you $2,000 waiting just six
  • 00:19:32
    months after a new model launch can
  • 00:19:33
    often save you thousands as well and
  • 00:19:35
    ensure you get a Better Built car but if
  • 00:19:38
    you're happy with what's available now
  • 00:19:40
    and at a cost you can afford go for it
  • 00:19:42
    because at the end of the day driving a
  • 00:19:43
    Tesla is its own reward for many
  • 00:19:45
    customers I hope this video was helpful
  • 00:19:47
    for you if you're looking to purchase a
  • 00:19:49
    Tesla I'm excited to see what 2025
  • 00:19:52
    brings from them and in the meantime if
  • 00:19:53
    you want to see the latest Tesla news
  • 00:19:55
    you can check out that video linked up
  • 00:19:56
    here or in the description below thanks
  • 00:19:58
    so much for watching and I'll see you on
  • 00:20:00
    the next one
Tags
  • Tesla
  • Cybertruck
  • Buying Guide
  • Vehicle Launch
  • Price Strategy
  • Quality Improvement
  • Incentives
  • Interest Rates
  • Early Adoption
  • EV Tax Credit