Which would you pick: a used Tesla Inc (NASDAQ:TSLA) Model S or the affordable Model 3? For many people out there, electric car lovers or not, newer is always better. But before you raise your hand in favor of the incoming roll-out, you might want to think again. The benefits that a used Tesla offers are definitely worth considering. Who knows? A CPO Model S might catch your fancy.
As of Sunday, the 25th of June, mere days before the Model 3’s production month, the most affordable Tesla available is a used, 60kWh Model S. This is according to the automaker’s website, which has a page for its revamped, certified pre-owned cars. It is the lovely silver beauty depicted below. The buyer will only need to fork out $3,000 more than he would for a base Model 3.
However, this isn’t a promotional piece. Luxurious or not, we won’t sugarcoat the fact a CPO Tesla is still a second-hand car. The one depicted here ran 68,594 miles before it was handed in for resale. Safe to say, it’s definitely gone around the block a few times.
But what if you learn today that buying a new Model 3 includes waiting a year for your car? What if you learn that owners of the affordable Tesla will need to pay to recharge as well? If you found out that used Teslas are not just made good as new, but also have no eternal waiting periods and come with free Supercharging for life, would you be interested? Most people would.
Are you buying the affordable Tesla?
The incoming electric car has but one main objective. That is to convert Tesla fanatics with shallower pockets into Tesla owners. Elon Musk and his auto company constantly reiterate the following in more glamorous terms. The Model 3 will be the every-man’s Tesla, the affordable Tesla, and a chance to become part of the Tesla Inc brand at a discount. However, for all the Model 3’s hype and headline hogging, it will still be the poorest performing Tesla of them all.
“Model 3 is designed to be a mass market, affordable electric vehicle,” the company clarifies. “Although it will be our newest vehicle, Model 3 is not ‘Version 3” or the most advanced Tesla.” The Elon Musk business has gone out of its way to to ensure that buyers are aware of this. This does very little to deter buyers though, as the first year of the affordable EV’s production is completely sold out.
Consider these Model 3 drawbacks – Tesla Inc
The auto scene is frothing at the mouth over Tesla Inc’s Model 3, more so as we enter the second half of 2017. It is arguably the most anticipated car ever, securing a mind-boggling 400,000+ pre-orders. Model 3 is not even on the market yet and still has to enter production. However, it already poses a few setbacks. In contrast, a used Model S could be more appealing for many, outdoing most aspects of the incoming vehicle.
Perhaps the biggest Model 3 downside is the long waiting. Any buyer who reserves one today will only find themselves behind the wheel in mid 2018. This is probably an ambitious estimate too if you consider the firm’s knack for overselling its capacity.
Less range is another negative. At least 249 to 335 miles can be derived from a fully charged Model S, depending on the battery pack. That doesn’t change with a used Tesla. On the other hand, the Model 3 only promises around 215 miles.
Tesla Inc (NASDAQ:TSLA) brought back free supercharging for life in May. Buyers need only attain a referral from a current owner so that they never have to fret about paying to recharge their cars. This deal does not apply to Model 3 buyers, though. Despite every Tesla driver having 5 free referrals to give out, just Model S and Model X buyers qualify for this promotion.
Want a used Model S yet?
Yet this doesn’t apply to used Teslas either. Not in a bad way. If a Tesla EV was bought with free supercharging, that deal stays with the car for life, even after it is traded in for resale. The song and dance of Tesla’s promotions don’t bother CPO buyers. Sadly, owners of Tesla’s lowest performance car will only receive 400 kW of free charging annually. Any use beyond that has to be paid for.
For those who consider size a deal-breaker, the Model 3 will be shorter than the Model S. The wheel options are smaller too, and buyers will fit a little less junk in the trunk. The Model S offers two display panels whereas the Model 3 will come with one. Buyers also can’t choose to add fancy options like a panoramic sunroof or hospital-grade air filter.
If speed is what you are after, the Model S, used or new, is your best option. Speed junkies should know that the acceleration on the Model 3 is mundane compared to that of the flagship sedan. The newest EV will be the slowest the luxury automaker ever released.
Used Teslas offer either a 4 year, 50,000 mile warranty, or a 2 year, 100,000 mile warranty. Best of all anyone who buys a used Tesla will find themselves behind the wheel in a matter of days. Sure, the Model 3 will be new and affordable, but a used Tesla Inc (NASDAQ:TSLA) car can easily be the better choice for some. So, which would you pick: a new Model 3 or used Model S?