- So the story I wanted to talk about today,
the first story really is this one coming to us
from CNBC and that Tesla is turning to partners
to help them with a growing used car business.
Now, I thought this was kind of interesting.
The company they're working for is called
Manheim and Car Auction Services
and they're there to help with the
upcoming larger volume of used vehicles.
The influx of these vehicles is coming
right now because in 2015, the company
offered three year leases and then in 2016 of Q3,
switched to the two year leases.
So everything is kind of coming in 2018, late 2018
with all the new influx of the
lease vehicles being turned in.
In 2015, CNBC also reported that 75% of Evs
are leased and almost 50% of the luxury cars are leased.
I think that was in this post here.
That means that a large percentage of Teslas
that are out there in the fleet, if they stand true to these
kind of industry stats or whatever,
they will also be coming back in.
Which means we're gonna have an influx
of these cars being returned, which is actually,
I think a pretty awesome thing.
Tesla of course or additional evidence of this
is that Tesla is now hiring people
that are used vehicle quality specialists
to check them out and do that because
any vehicle that does go through
the certified pre-owned program is,
I mean the idea from everyone I've talked to at Tesla
when I got my car which was a couple of years ago now,
it was that when you get the car,
to feel like a brand new vehicle to you.
I believe they will replace the tires
but not always the rims if there is any
damage on the rims so there will be little
bumps and bruises potentially depending
on how hard or long the vehicle was owned
prior to you taking ownership but they,
as far as I understand, do a really good job
at kind of refreshing it and making it good.
At least that was my experience.
Electrek also reported this so it makes me think
this is pretty solid evidence here
that this is happening and there will be
a lot of used Teslas on the road.
To me, I think this is interesting
because the revenue off these vehicles
should be pretty good for a Tesla.
And if you think about it, with the way
the car business works, dealerships in that sense,
new cars are what they call skinny deals
and these new cars are basically sold at very thin margins.
That's not always exactly the case for Tesla
but used cars undoubtedly have a higher margin on 'em.
So, it'd be really curious to see how this works.
If we go take a look, you can see the inventory here.
If you go to Tesla.com/used it'll redirect you over to one
of these pages here and this is the one that comes up.
It automatically knows my location, I'm in San Diego.
And this blew my mind!
This was really, I mean look at this.
You have a 2013 Model S 60, this is essentially my car.
I have a lot lower miles though and it's under $35,000.
Then the next one here's an '85
which is a great car because it has a good amount of range.
I don't know if it says yet.
265 miles or is it 208 miles?
I doubt this car is getting 208 miles
with being that old and with that many miles on it.
Mine gets about 196 right now so we'll see.
Or I guess it would dependent on that.
There are some things that are interesting here though.
For example, this power liftgate was standard option
back in 2013 and now it is not.
You have to buy that.
So there are Model S' out there that don't have the
automatic closing liftgate, the hatchback essentially.
So then you have things like this '85 here,
you have a 20, I mean look at how many cars
are under $40,000 that are Model S'.
This is a, you can argue maybe the Model 3 has,
compared to these ones obviously has upgraded tech
and all that but this is still a tremendous vehicle.
This is incredibly functional
and it's still getting updates.
I think this is a great deal.
Look at that, you have a lot of the vehicles here.
And then of course, if you go down
you're probably getting into the point
where you get some newer ones that have
some of the other, like autopilot and those kinda things.
Anyways, a lot of these come, there you go,
so like autopilot with convenience features.
Look, a 2016 Model S 70, you might
be able to unlock that as well.
I forget which ones had that or not but point being,
there are some really great deals to be had out there.
So if you have the Model 3, let's say you haven't
got it yet but you're waiting on it
and it's too small for you or for whatever reason
you don't think it's gonna work for your situation.
At least where I'm at in San Diego
and obviously we have a lot of Teslas here,
there are a ton out there and so
this is probably indicative of any
of the major markets that Tesla is in
and I think are gonna be good because
you're gonna see a lot more Teslas floating out there.
People that've never gotten them before now getting them
and then of course after you have it, you get the bug
and you're gonna want another one,
a bigger one, a better one, whatever.
I think this is just kind of great news.
I would not be shocked if a very high percentage,
in fact I think, something like 95% of people
that currently own Teslas said that
their next vehicle would also be a Tesla.
So what I'm guessing you're gonna see happen
is more people that maybe previously
could not afford them are getting them.
This is a really interesting story.
I'm curious to see how this company handles this,
that's helping Tesla do this because
clearly Tesla doesn't have the capacity to do this.
They have all the people working on all the other things
and they're still tryna push out
with a really awesome product roadmap as well.
Cheers to everyone there.
I hope this leads to many more people
being behind the wheel of a Tesla.
So I'm curious what you guys think.
These prices are tremendous!
If you look at a used Model S compared to
something like a new Nissan Leaf or something,
I mean this is just not even a contest in my book.
Even if it is, with 70,000 miles on it,
it's still not much other than maybe
the wear and tear of the seats and that kind of thing.
I'm curious.
If you're in the market for it, are you gonna go this route?
If so what are you gonna get?
Leave me a comment, let me know,
shoot me a note on Twitter or something like that.
I'd love to hear from you.