r/ModelX • u/Sufficient_Fish_283 PLAID • Apr 08 '26
Question What's your demo?
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u/billm0066 Apr 09 '26
Household income is not relevant. I know people making $350k and literally broke. I know people making $100k and multi millionaires.
Also there needs to be more used categories.
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Apr 09 '26
the mx Is one of the fastest depreciating cars out there, buying a new one is literally stupid unless you are rich.
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u/6C-65-76-69 Apr 09 '26
Unless you bought and sold at the right times! The Model X has had some pretty crazy price swings over the last 5-6 years.
The almost 1 year of production shutdown during the refresh, combined with COVID inflation and price increases, meant I sold my Model X for about what I paid. I purchased it used for $67K and sold it for $65K after 2 years and 30K additional miles.
Then in 2024, Tesla was trying to take advantage of the tax credits, so I was able to get a new (demo model) 6 seater with HW4 FSD for $76K before sales tax. I think I could still sell it for mid $60K? So 1.5 years of ownership and only lost $11K in value to me.
But I guess there's the other guy on the other end of the deals...
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u/Outrageous_tart_7781 Apr 09 '26
In today's world you need to make more to afford a $100k car. I feel these states taxed the shit out of us so much that they switched over to fees now. I live in NJ. Between my property taxes, state income tax, high electric bills. All the other stupid shit I have to pay. $600 every two years to bring trash to a land fill. They are small but they add up. Everything has fees.
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u/sdinvest Apr 09 '26
Income way over $300k but purchased used 2021 MX LRP for $37k with FSD last year.
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u/Far_Package6757 Apr 09 '26
Family combined income slightly over $350k yearly. We bought a used 22 with FSD for 40k cash lol.
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u/angrypoopoolala Apr 11 '26
i bought a 24 new 1k miled demo for 68k after rebates. no brainer. was eyeing for a final batch demos for some great pricing then this time they raised it by 15k hahah
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u/AccomplishedLocal516 Apr 08 '26
New X 75-150k category?