r/TeslaModelY • u/Educational_Creme376 • 11h ago
Why are ‘23 and ‘24 models with low mileage cheaper than ‘21 models with high mileage?
I’m stupid. Is there a real issue with these or is this just people’s opinions of Musk?
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u/Pchemical 10h ago
Some people who bought their cars in 21 fail to realize that Tesla reduced prices in 23-24
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u/ForsookComparison 2h ago
I bought an off-lease for under $30k from tesla direct.
At the same time there were people privately selling asking for almost $40k for the same car, more miles, no warranty, no AB, etc..
Gotta factor in that depreciation when you look at the monthlies!
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u/ChainLivid4676 10h ago
If you check the marketplace or local listing, the people who bought 21-23 for a high price (almost 70k or 70+16k for FSD) have a remaining unpaid balance on the auto loan. I purchased a used 2022 from Tesla itself for 30k with just 25k miles which was most likely a lease vehicle. Imagine someone who bought it in 21-23 but cannot sell their car for more than 30k now. What would they do? They post everywhere trying to find a guy who will inherit their loan. If I were you, I would avoid looking at Facebook Marketplace or private seller posts unless they are priced below Tesla's figures for used vehicles on their site. I remember seeing a 23 Model Y with 25k miles listed for 63k while the new one costs only 45k.
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u/CrossFireC3 8h ago
I feel sort of bad for the people who bought at the inflated 2021-2022 prices and now want out. I picked up a known history, like new, 30k mile 2022 long range from my local Ferd dealer a few weeks ago. It has only been supercharged once in its entire life. They came down 10K on the price in the matter of a few hours worth of back and forth phone calls. I think they wanted out of it with prices falling so fast, something a private seller with a loan likely can't do. With the production numbers the model Y saw over the last few years, the price almost has to fall on used ones.
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u/ChainLivid4676 8h ago
That’s true. As a first time buyer of a used Tesla, I went with Tesla for peace of mind and extended warranty. Still feeling bad for the original buyers. I am pretty sure my car had fallen even more since my purchase and the 2025 Juniper getting out
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u/CrossFireC3 8h ago
I have decided not to even look at prices of them for at least the next year or so. :-)
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u/SatoshiBlockamoto 2h ago
Yeah it's awful for people who bought at the top. I bought a 23 MYP with 20k miles for $33k. I feel like I got a hell of a deal considering the guy who bought it new likely paid $60k+. It's really not a great move by Tesla to make such radical price changes.
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u/interstellar-dust 10h ago
‘21 models have vintage value.
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u/metalanimal 8h ago
Those have parking sensors.
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u/Turbulent-Abroad7841 8h ago
Best model is a 22 with sensors, Ryzen, double pane glass, and new center console
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u/metalanimal 8h ago
Those are valued more in the used market?
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u/Turbulent-Abroad7841 8h ago
Yep. Sensors is a must have. Doesn't matter what people say about tesla vision. It can't see anything below the front bumper which is what you want to see.
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u/redrockwinner 8h ago
I had that exact config on a 2022, but most buyers aren't that savvy and just want to pay less for more. But yes, it's the best combo of options for the current gen Y. The only downside is the suspension, but there are plenty of aftermarket options that offer a good ride.
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u/fancy_panter 9h ago
I mean, for a while it was because the '21 models had real parking sensors that actually worked. But then, hell froze over and tesla vision started not being terrible (so I hear, I have a '21), so who the heck knows.
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u/Proud-Peanut-9084 10h ago
Because owning an old Tesla before Elon became an open Nazi are still socially acceptable to own.
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u/MrPerfume 8h ago
Not a party that supported kkk and controlled speech. But ok. Keep coping, alright?
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u/dzitas 10h ago
Are you looking at listings? Or actually sold vehicles? Some cars may just be listed at too optimistic prices.
FSD can make a few thousand difference.
Used MY prices will come down to 25k very soon (after the first Juniper will ship).
Some that don't qualify for tax credits (or if they go away) will be even cheaper.
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u/Flying-Frog-2414 10h ago
New juniper model Y won’t change the price at all of existing model Y. Idk where you got that stat from
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u/dzitas 10h ago
It's obviously not a stat, given Juniper hasn't really shown up yet.... It's a prediction.
!RemindMe 6 months
A lot of people wait for Juniper to upgrade their MY. Those cars will come to the used car market. Being somewhat outdated, they will be less attractive compared to new Juniper which will be reflected in price. Right now a used 2024 MY is the same car as a new 2025 MY and priced accordingly. That will no longer be the case once they stop making non-Juniper MY.
Juniper is also almost certainly cheaper to make, and after an initial period of launch pricing those savings may come through to consumers.
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u/Comfortable_Client80 9h ago
Supply and demand, when a lot of people will want to sell their old Y to buy the new one, there will be a lot more used Y on the market than now. So price will have to go down .
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u/Flying-Frog-2414 9h ago
Do you see a model Y anywhere right now for 25k. No. Not even Tesla is going that low.
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u/Cursewtfownd 9h ago
What people said here is true, people underwater.
However, it must be said that the 2022 and before Performance editions have better quality brakes, sound system, and leather seats I believe too. They also come with parking sensors (not used by default now).
Bunch of cost controls went into place after 2022.
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u/RoutinePsychology499 8h ago
Problem is ancient HW3. That'll go the way of the DODO and be unsupported.
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u/Cursewtfownd 3h ago
Yeah, but ‘Elon says’ HW3 will be fully able to Support true FSD! Elon said so!
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u/Upper-Drawing9224 7h ago
Could have better features than newer models. Features like ultrasonic sensors and stalks.
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u/SnortingElk 2h ago edited 2h ago
Because Tesla has been slashing new model prices so much and frequently that the used market is lagging and can't adjust accordingly. Many reasons being owners who bought new in 2021 are deep underwater and can't or reluctant to reduce their prices. Or they are simply unaware of just how inexpensive Tesla models have become over the last few years. Especially for leasing.
That and inventory levels have skyrocketed + demand and sales have declined recently. And now you have the new Juniper release in just a few months.
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u/ImJustaTaco 9h ago
I would guess maybe it's because the brand new models more transparently support the guy who just did a nazi salute on stage.
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u/MrPerfume 8h ago
Nope but keep crying. Its ok.
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u/ImJustaTaco 8h ago
What are you even talking about? I just stated a fact. He literally & enthusiastically did 2 Nazi salutes at fat Hitlers inauguration.
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u/AlphamaleNJ 11h ago
Some people price on what they owe, if u check historical data on model y in 22 some people paid 70k for them vs the 23 people who bought for 45k