Buying a used Model S, bad idea?

[Isaac Zachary]

I've noticed there are more and more Model S's that are getting down into the $19,000 - $20,000 price, including one with a clean title. I also got quoted $233 per month for full covereage insurance with Liberty Mutual.

Besides normal range issues, charging rates, home charging, charging places, etc, is this a bad idea? I mean, if a person gets a car like this, what are the chances he'd be priced out of a repair if it needed, say, a battery?

[redpoint5]

Originally Posted by Isaac Zachary

I've noticed there are more and more Model S's that are getting down into the $19,000 - $20,000 price, including one with a clean title. I also got quoted $233 per month for full covereage insurance with Liberty Mutual.

Besides normal range issues, charging rates, home charging, charging places, etc, is this a bad idea? I mean, if a person gets a car like this, what are the chances he'd be priced out of a repair if it needed, say, a battery?

Try it and let me know. I've considered a Model S for a long time, and it's good to know they are finally coming down in price. ~$20k is about as high as I want to spend on a vehicle.

I have a feeling you'd end up watching a lot of Rich Rebuild videos.

[Isaac Zachary]

Originally Posted by redpoint5

Try it and let me know. I've considered a Model S for a long time, and it's good to know they are finally coming down in price. ~$20k is about as high as I want to spend on a vehicle.

I figure that around $15,000 is my limit for an ICEV, so with the fuel savings $20,000 should be ok for an EV, although my insurance will be $50 more per month.

Originally Posted by redpoint5

I have a feeling you'd end up watching a lot of Rich Rebuild videos.

As long as it's not the V8 Tesla ones!

[Isaac Zachary]

Well, I guess I'm not going to even try to get one for now. The insurance salesman just got back to me and said it would be more like $343 per month. That's a bit too much for insurance IMO.

[redpoint5]

Originally Posted by Isaac Zachary

Well, I guess I'm not going to even try to get one for now. The insurance salesman just got back to me and said it would be more like $343 per month. That's a bit too much for insurance IMO.

There's your problem, you're employing a person instead of getting 3 quotes online and not talking to anybody.

[Isaac Zachary]

Originally Posted by redpoint5

There's your problem, you're employing a person instead of getting 3 quotes online and not talking to anybody.

I got two quotes online that were about the same, about $233. Then I talked to a real person from one of those, and it went up to $343.

After what happened to me with my recent adventures in insurance I really don't know what to think. I had always been with AAA and was paying around $150 per month when I added the Prius I haven't driven. It was around $185 before that because the multicar discount is more than liability on the parked Prius.

Then I asked around and everyone gave me the same price except Progresive which they said they could do it for $130 per month. Then after 6 months it rose to over $190 per month. I quickly switched back to AAA for $150 per month again.

As far as cars go, I found a 2018 Prius Prime with just over 100k miles and good CarFax report for just under $18,000, and it looks like there are more Primes like that one going for similar prices if one looks hard enough. That sounds like a better way to get back into the EV scene than the Tesla Model S.

[freebeard]

http://www.arcimoto.com/shop/product...inventory/used

It looks like someone snagged the $9K FUV. Two remain at $12K.

[Isaac Zachary]

Originally Posted by freebeard

http://www.arcimoto.com/shop/product...inventory/used

It looks like someone snagged the $9K FUV. Two remain at $12K.

I was starting to think against the Prime because of only 4 seats. But if I could talk them down to $10k a piece, then that would be $20,000 for four seats again.

[redpoint5]

Originally Posted by Isaac Zachary

I was starting to think against the Prime because of only 4 seats. But if I could talk them down to $10k a piece, then that would be $20,000 for four seats again.

At some year they added the 5th seat back. I don't recall which year that was.

[Isaac Zachary]

Originally Posted by redpoint5

At some year they added the 5th seat back. I don't recall which year that was.

I believe 2020. At least I don't need another car yet and it seems these prices mean the used car market is starting to get back to normal.