Should I Buy A Tesla Model S
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Buyers should know that Tesla will not share service history information with new owners of a used Tesla. That being said, before the seller removes the vehicle from their Tesla account, make sure the seller shares PDF copies of their service records through the Service section in the mobile app.Prior service records are important since there is a 1-year warranty on parts if the seller paid for the service.
Buyers should look for a used Model S built before February 2020. This date is important because up until then Tesla offered a very generous warranty on Tesla S/X high voltage (HV) batteries and drive units that covered 8-years from the date of manufacture and UNLIMITED MILES. This warranty only covered failures, it did not cover degradation. High voltage batteries from Tesla are $14,000 for a remanufactured battery and $22,000 for a new one. Drive units, the motors that spin the wheels, can run anywhere between $5,000-8,000 depending on which drive unit you need. Model S cars built after February 2020 have an 8-year and 150,000 mile warranty and Tesla added "with minimum 70% retention of Battery capacity over the warranty period."
SHOPPER NOTE:At a minimum, look for a Tesla with Autopilot 1, commonly called AP1. Any car newer than 2015 will have some level of Autopilot functionality. If a seller cannot provide service records and the car is out of warranty, buyers should assume nothing has been replaced and potential repairs may be needed soon when negotiating the price. Buyers should be sensitive when asking for service records since they contain the name, address, email, and phone number of the previous owner. If the car is still under warranty, service records may not be as crucial since any repairs will still be covered for free.Unless an owner is selling their Tesla for less than $20k, buy a Tesla that has a portion of the 8-year, unlimited mile warranty left on the drive units and battery. It's a Tesla owner's nightmare to see a message like the one below in the Tesla app. The Tesla in the picture ended up having to get it's battery replaced under warranty.
SHOPPER NOTE:In general, Teslas with ANY Autopilot functionality will hold their value longer than Teslas without Autopilot functionality and the lack of Autopilot should be reflected in the price of the car. While AP1 is older technology, it is still very useful and reliable so if the price is attractive, don't let the older AP1 technology be a deal breaker.Newer versions of Autopilot hardware allow for more advanced functionality so buyers should expect to see those features come with a higher price. The software for AP2 cars also changed and allowed for additional functionality. For several years Tesla sold an Autopilot software packaged called Enhanced Autopilot (EAP). EAP allowed the car to change lanes on it's own during navigation, navigate on Autopilot so the car followed highway interchanges towards a mapped destination, and summon. Available as a software update for cars with AP2+ were two more features called Sentry and Dashcam. These additional security features, require MCU2 to display the videos captured by the cars cameras.
SHOPPER NOTE:If the headlights or tail lights have issues, mention it to the seller. If they can't be covered under warranty, the sales price should reflect some of that replacement cost. Most Tesla owners will have some form of clear bra and a ceramic coating and while these items can add some value to the selling price of the car, the value is usually only maybe an extra $500-$1k.
SHOPPER NOTE:If evidence of a leaky roof is found, inquire about whether or not it can be addressed under the existing warranty. If the vehicle is out of warranty and the roof has been replaced in the past year, Tesla might assist in repairing it since the part may have been installed incorrectly. If the vehicle is out of warranty and there are issues with the sunroof, the selling price should reflect that. Buyers should also note that the water
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