It’s Impossible to Get Rid of a Tesla Cybertruck. I Want to Cut My Losses and Move On, but I Can't Give This Thing Away. I’ve Lost So Much Money Already; Help.
A Cybertruck owner shares his frustration following multiple failed attempts to sell his truck. After losing more than $20,000 in 2,800 miles, the owner says, “I want to cut my losses and move on, but I can't give this thing away.”
Between price drops and the cybertruck recently qualifying for the federal EV tax credit, buyers can get a brand new unit for what this guy is asking. This early adopter paid too much and got a bad deal, but there's no mystery as to why no one wants to buy at his asking price.
My first thought was "Really? Even a chop shop style place won't take it?" And reading it is like "Oh he doesn't want to cut the price so much but might now" so yeah.
...he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.
Not saying the Cybertruck is a good thing, personally IDGAF about it, but calling this guy merely "a cybertruck owner" is bullshit. He's a guy who makes money buying and selling expensive vehicles, and he's whining about a deal that hasn't worked out for him. Poor baby.
“I've owned it for 8 months. It is depreciating like a rock. I have already lost over $20k in 8 months. I want to cut my losses and move on, but I can't give this thing away unless I lower the price to probably $79k. Sucks.”
This right here sums up the unrealistic expectations of the average Tesla owner. Cars immediately depreciate the moment you drive them off the lot, no car is immune to this. The average new car loses 10% in the first month after buying it. It loses over 20% in the first year. For those who are playing along this track's with exactly how much this doofus has "lost" on his truck.
idiot wants brand new value for his used vehicle. i hate these things, but this doesnt match reality on non-tesla vehicles let a lone one thats now nazi-based.
There is a Tesla dealership near my house that has a lot full of them. A ridiculous number. It seems that Tesla is struggling to get rid of them. Hard to believe that there is not a huge market for electric dumpsters sold by a conspicuous asshole.
Sledder also shares that over his lifetime, - he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.
Oh, I'm so sorry sir, it's frightfully unfair that this particular transaction has not worked out as favorablly as you're used to. Would you care for a sparkling beverage while Life figures out how to make itself better for you?
FTA: He's not trying to give it away. He's expecting last year's used market value for it, but it's steadily depreciating. Someone offered him 50k for it. He overpaid for a new car.
He's lost over $10 grand for every thousand miles he's driven. Or you could express that as $5 grand per month he's owned it. Might even be worse depending on his financing.
I guess this is another reminder that brand new cars can depreciate hard. Absolutely terrible way to rent a car for 8 months.
The Cybertruck owner listed his truck for sale for $89,000.
The same dual-motor Cybertruck AWD variant now starts at $80,000. However, starting in 2025, the vehicle qualifies for the $7,500 point of sale tax credit. This further lowers the starting price to $72,500.
Tesla is also now offering a $2,000 discount to anyone who applies a referral code when buying the vehicle. That further lowers the starting price to $70,500.
LOLOL.
Everyone expects top dollar for used shit these days.
The Cybertruck owner listed his truck for sale for $89,000. He thinks this is a fair price [...] if you added every optional extra that Tesla currently offers for the Cybertruck, given the $7,500 tax credit and the $2000 referral discount, (a brand new 2025) Cybertruck will still only cost around $86,000.
Nobody with a brain would pay more for a used vehicle. It's not a collectible. "Founder's edition" nowadays means "beta version" and it's not something that's worth more.
If analyzed in purelly financial terms, buying a brand new car is almost invariably one of the worst investments there is compared to other options (if you really need a car, aim for a car which is 1 or 2 years), and if you couple that with taking a punt on a Musk product on the user side (not even the shareholders' side but quite literally the side of the people the shareholders, most noteably Musk, want to extract money from, so pretty much the suckers' side) AND, maybe worse, doing it as an early adopter, pretty much adds up to a guaranteed lubless shafting.
Investing in a "I'm a sucker" tattoo for one's forehead probably has a better return.
One major issue for Sledder here is that since Tesla started Cybertruck deliveries, the starting price for his vehicle has significantly fallen...That further lowers the starting price to $70,500.
My man found out the hard way about depreciation. All my life people have said never to buy a new car because it loses 20% of its value the moment you drive it off the lot. If you really want to drive new cars the best way to do it is lease and change every couple of years (this is still not financially sound, just better than buying new).
Sledder also shares that over his lifetime, he has driven and sold over 40 exotic cars, and the Cybertruck is the one vehicle he is having the most trouble finding buyers for.
Not sure why he’s mentioning exotic cars and Cybertrucks in the same sentence. Anyways, he was a sucker the moment he paid the extra $20k or whatever for the Foundation Series. He was never getting that back.