About the Author: Michael Flood

100 Comments

  1. I really don't understand the mindset here. Why are you not considering taxes? It's not only a 2k loss. This isn't the first time this guy has some weird ideas. In his video where Ben talks about a used Model S and a new Model 3, he endorses the Model S used, but it just seems altogether silly to compare it to a Model 3 with a load of stuff that isn't really necessary, like 1k for paint and 1.5k for rims. It's obviously you're padding the Model 3 price with unnecessary stuff just to make a point. If only I understand his mindset…another video, he says he doesn't read the comments on his board, but asks the audience to answer a question.

  2. Yeah try this again with a new m3 after there are 500k of these on the road. It will depreciate as fast as any gas powered car

  3. You could have bought a rental property and had your renters actually pay your car note for you. Think smarter. No one needs a $60,000 car

  4. FCK U AND FCK TESLA'S CRYPTO ZIONISHIT ELON MUSK WHO CANT EVEN EFFICIENYLY WORK 30MINS STRAIGHT HAHAHA. WHILE U WILL BE DRIVING, ONE GLITCH IN BATTERY CAN TOAST U AND GUESTS IN TO FLAMES :-), THE SAME WAY IT HAPPENED TO A CHINESE PREGNANT LADY DRIVING ON CHINA HIGHWAY WHILE HER 3YRS OLD BABY GIRL WAS IN BACKSEAT!!!!

  5. You can sell that thing for more than you bought it for. People are desperately waiting for their Model 3s. Carmax just doesn't understand the Tesla market right now.

  6. Might even get more than he bought bc folks are still deep in the waiting list, they may be market at a higher price for people who don't want to wait a year.

  7. 😂 😂 😂 42000 is 30% depreciated, the higher end of his initial depreciation estimate, but somehow he's impressed with that same number… Not so quick maths

  8. I am unclear why this is a thumbs up to Carmax. How exactly do you calculate the depreciation on your vehicle? Have you considered market value versus book value?

  9. Super green with jealous rage, lol, it would take me at least 5 years of saving every penny humanly possible to even get close to owning a 60k car.

  10. Car max needs to be able to turn the car for a profit, it doesn’t just loose its value. It just looses value to re sellers and people who have to get it cheap to sell it high

  11. Just wait a few more months and try it again. Tesla actual resale value, not just what people are asking, is a rock in a lake… depreciating worse than laptops and cell phones, especially for Model S and X vehicles. Repeat in 6 months and then report the price.

  12. Not everyone out there wants a tesla. They are cool as shit if you've never been in one, but once you do. You'll notice the the model 3 even all deck out, is of a much lesser build quality than the flag ship model s. The s is a good car, the model 3 is shit. All these dreams of having an affordable electronic car won't come around until 2030. At least not for a person making 40k a year. Which seems to be the group of people this car was intended to be for. And autopilot for another additional $9,000 and glass roof for 5,000 and all these other add on. You've now made a base honda civic the price of a packaged out sport BMW m3. With no change in handling, power, you just doubled the price of a honda with electronic crap they we as a person can't fix. We have to take it to a dealer and get reamed for the $300/an hour price. These cars are cool only bc they were the first to do it. I hear only bad stories about the service centers for all tesla models.

  13. Thumbs up to carmax? He actually thinks this is a good deal? There’s no way someone is this dumb

  14. To get the $7500 tax rebate you have to own the car for one year and not use it for commercial or business purposes. I have 2 model 3 offers ready to order emails from Tesla but no money to buy so i have been sitting on those offers since 3 weeks now in Seattle WA

  15. Ford and GM are cutting car models for 2020. In no small part to their cars incorporating planned obsolescence. If Tesla can maintain reliable cars, they will shatter the competition the same way Toyota and Honda did and rock the auto industry for the better.

  16. cool , but really you are comparing apples to oranges – theres a massive wait time demand for a model 3 so no way would it loose 12000 dollars just because its a day old – and of course you have to count the rebates as its what you pay that matters.

  17. Lol, still a waste of 50k plus on a car that will be very costly for you to repair after 3 motors replaced and the warranty is done.

  18. CarMax offered $13000 for my 2002 Porsche 996 so I placed an ad on Craigslist and sold it for $24000.

  19. For once will someone name their Tesla something other than Tess, Tessy, Tez? How about Betty. Or Jill. Or Christine.

  20. The model 3 will depreciate faster as there will be trillions on the road and the model s gets free supercharging. You can get used model s for less. Your car with less than 100 miles is pretty much brand new so they offered the price after incentives with just a minor hit of $2k which is negligible. Not sure what they are planning on selling it for though they might lose money as people are looking for a deal when buying used.

  21. If you're not actually going to sell it, stop wasting their time. Also, CarMax is not the sole definitive source for "off the lot" depreciation value. You can sell anything to someone for whatever amount they'll pay for it.

  22. 100 miles only 42K still low. In general rule of 👍 carmax generally always offers 10K less the car is really worth. Cool video

  23. They were probably as fair as they can be, but they need to low ball it so they can make a profit them selves.

  24. ~30% Drop on Day 2?

    And that was the generous offer because they knew you were filming and you probably didn't want to sell your brand new 2-day-old car.

    Why do people even go to carmax? Serious question.

  25. Must be nice to have someone else pay the tax on the vehicle for you (since you're not taking it into account when considering the cost of driving it "off the lot"). 9.25% in California is not pocket change, and should always be included in all financial calculations!

  26. Im tempted to buy the P100 and forget the autopilot upgrades along with the interior and wheel upgrade. Do you guys think it would be worth it?

  27. This is good because one day I want to convert a cargo van to an rv….at least there is a place where i can get rid of my car.

  28. In my opinion, that company is in the realm of a pawn shop. They will undercut well beyond kbb, other trade in, let alone private sale. They are not just looking for healthy profit margin, they are looking for huge profit margin. To sell to them is an act of desparation or decandancy.

  29. CarMAX offered 10% less for our CLK55AMG than Tesla did. AND Tesla will match the CarMAX price which tells me you are better going back to Tesla

  30. took my Camry there. they offered 2500. posted on Craigslist for 5500. sold in 10 minutes for full price to first person. I had to call 5 others to break their heart. took off Craigslist to keep phone from ringing. they are a rip. I've tried to see what they would give on other cars. they rip you. only an ignorant person would sell their car to them vs. market.

  31. Now being 9/2019 I wonder what they would give you for the same vehicle. Sure it's in there system also. Might be worth doing a second video on your model 3.

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