DaveinOlyWA wrote: dgpcolorado wrote:
GRA wrote:I'd expect the advent of the Model 3 would considerably hasten the drop in used S prices.
That's my expectation as well. I think we might see a $30k S60 as soon as a year from now.
hmmm? well its all based on supply and demand and don't think the supply will be enough to warrant that much of a price cut.
CPO S60s are already in the $35k to $39k range, although they don't last long and are hard to find (those are the ones with the new 2 year, up to 100k total miles, full warranty, versus the usual 4 year 50k miles CPO warranty; all of them have the balance of the 8 year drive train warranty, of course). [BTW, a recent CPO $39k S60 had 58k miles on it and was a late 2014 model.]
With the ability to buy a brand new 3 for $36.2k to mid $40s, depending on options chosen, It is hard for me to see CPO Model Ses holding their current value. Perhaps abasile
will be right and the CPO S will hold its value after the tax credits are gone and no longer skew the market. We shall see.
I like pretty much everything about the S better than the 3 but a new car for about the same price is tempting. If the 3 is designed to be so much simpler to build it also might be more reliable, although that remains to be seen. I'll be interested to see how things shake out with the 3, both in production and service. I don't need to worry about making a decision until 2019 since I can't use the federal tax credit anyway.