Table of Contents:
Introduction
Looking to own a Tesla Model S but hesitant about the hefty price tag? The good news is, you don’t have to break the bank to enjoy this luxury electric vehicle. Buying a used Tesla Model S could be the perfect solution. Not only do you get the thrill of driving one of the most advanced cars in the world, but you can also save thousands of dollars if you know where to look.
In this guide, we’ll walk you through everything you need to know to find the best deals on a used Tesla Model S, from choosing the right model to navigating the purchasing process. We'll answer frequently asked questions, share expert tips, and reveal where the best deals are hiding. Ready to take the wheel of your dream Tesla? Let’s dive in.
Why Buy a Used Tesla Model S?
The Tesla Model S is a game-changer in the electric vehicle world, boasting performance, luxury, and cutting-edge technology. But with a new Model S priced at over $90,000, many buyers turn to the used market to enjoy the benefits without the premium cost. Here are the top reasons why purchasing a used Tesla Model S is a smart investment:
- Significant Savings: Pre-owned Tesla Model S vehicles can cost 30-40% less than a new one.
- Reduced Depreciation: New cars typically lose a large portion of their value in the first few years. By buying used, you bypass this initial depreciation hit.
- Extended Battery Life: Tesla's advanced battery technology ensures longevity, making used models just as reliable.
- Software Updates: Even older Teslas receive over-the-air software updates, so your car will continue to improve after purchase.
Key Factors to Consider When Buying a Used Tesla Model S
1. Model Year and Features
Not all Tesla Model S vehicles are created equal. Tesla continually upgrades its cars, meaning a 2016 Model S can differ significantly from a 2019 model in terms of features, battery life, and range. Here’s what to look for based on model year:
- 2012-2014: Early models with up to 265 miles of range and fewer autonomous features.
- 2015-2016: Introduction of Autopilot hardware and slight improvements in range.
- 2017-2018: Enhanced Autopilot and updated hardware, including faster acceleration.
- 2019-Present: Upgraded battery range, faster charging, and Full Self-Driving (FSD) capabilities.
Before making a decision, research the specific model year to ensure it has the features you need.
2. Battery Health
One of the biggest concerns for used electric car buyers is battery health. Tesla batteries are designed to last between 300,000 to 500,000 miles, but over time, the range can decrease slightly. When buying used, ask the seller for a battery health report or consider a Tesla-certified pre-owned (CPO) vehicle, which comes with a warranty on the battery and powertrain.
3. Autopilot and Full Self-Driving (FSD)
Tesla's Autopilot and FSD features are a huge selling point for many buyers. However, not all used models come with these features. If having self-driving capabilities is important to you, make sure the model you're considering includes them or can be upgraded.
Where to Find the Best Deals on Used Tesla Model S Cars
1. Tesla’s Own Website
Tesla offers a Certified Pre-Owned (CPO) program that includes a warranty, a full inspection, and reconditioning of used Teslas. While the prices may be slightly higher than buying from a private seller, the peace of mind that comes with a warranty and certified inspection makes it a great option.
2. Online Marketplaces
Websites like Cars.com, Autotrader, and Carvana list a variety of used Tesla Model S vehicles. You can often find competitive prices by comparing multiple listings, but be sure to thoroughly vet the seller and ask for detailed vehicle history reports.
3. Private Sellers
While buying directly from a private seller might save you some money, it’s essential to be cautious. Always ask for the car’s maintenance history, get a pre-purchase inspection, and verify battery health before finalizing the deal.
4. Auction Sites
If you’re up for a little risk, websites like eBay Motors or Copart offer used Teslas at auction prices. While deals can be great, make sure you understand the condition of the vehicle before bidding.
5. Tesla Owners' Forums
Tesla enthusiasts often sell their vehicles on Tesla owners' forums. This can be a great place to find well-maintained cars directly from Tesla lovers who are upgrading to newer models.
Frequently Asked Questions (FAQs)
Q: How much can I expect to save by buying a used Tesla Model S?
A: Depending on the model year, mileage, and features, you can save between $20,000 to $40,000 by purchasing used versus new.
Q: What is the range of a used Tesla Model S?
A: Range varies by model year and battery condition. Early models offer around 265 miles per charge, while newer models can go up to 370 miles.
Q: Are used Tesla Model S cars reliable?
A: Yes, Tesla’s reputation for durability and long-lasting batteries makes the Model S a reliable choice, even when used.
Q: Can I upgrade a used Tesla Model S with new software?
A: Yes, Tesla offers over-the-air software updates, so even older models can receive the latest software enhancements.
Tips to Get the Best Deal on a Used Tesla Model S
1. Check Multiple Sources
Don’t settle on the first Tesla Model S you find. Compare prices from multiple sources like online marketplaces, Tesla’s CPO program, and private sellers to get the best deal.
2. Negotiate
Don’t be afraid to negotiate, especially with private sellers. Many sellers are open to lowering the price to close a quick sale.
3. Inspect the Vehicle
Whether buying from a dealership or private seller, always get a full inspection of the vehicle. Look for any signs of damage, wear and tear, and confirm that all features are working properly.
4. Consider Mileage
While Tesla batteries are built to last, higher mileage can impact the resale value. If possible, opt for a used Tesla Model S with fewer miles to ensure longer battery life and fewer repairs.
5. Look for Deals on Financing
Tesla vehicles, even used, often qualify for special financing offers. Check with your bank or credit union to see if they offer lower interest rates for electric vehicles.
Conclusion
Finding the best deals on a used Tesla Model S is all about doing your homework. By researching the model year, checking battery health, and comparing prices across different sources, you can drive away with a luxury electric vehicle at a fraction of the cost. Whether you’re buying from Tesla’s CPO program or a private seller, make sure to take advantage of all the tips in this guide to maximize your savings and enjoy the many benefits of owning a Tesla Model S.
