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Tesla starts accepting Cybertruck trade-ins, confirms insane depreciation (35-45%) (electrek.co)

submitted 1 day ago by commander@lemmy.world to c/cars@lemmy.world

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[+] sunzu2@thebrainbin.org -13 points 23 hours ago (2 children)

Depreciation without a term is a useless fucking metric but I guess it works for headlines

[–] scytale@lemm.ee 12 points 22 hours ago (1 children)

$5.6 per mile based on the article I saw yesterday.

[–] YiddishMcSquidish@lemmy.today 3 points 19 hours ago

JFC that's insane!

[–] ChicoSuave@lemmy.world 11 points 23 hours ago (1 children)

Are you looking for a rate, like money per day lost? It's depreciation, an incalculable loss of value which is another idea that has no objective basis. One person could value it while many others hate it and it doesn't change the thing itself. Value is fake. Hating on fake things is not worth your time.

[+] sunzu2@thebrainbin.org -8 points 23 hours ago (2 children)

40% depreciation on 1yo car is bad. For 3-5yo that's about right

[–] jqubed@lemmy.world 16 points 22 hours ago* (last edited 22 hours ago) (1 children)

The first Cybertrucks started shipping in November 2023 but most were more after the start of 2024, so at best it’s a 1½ year period.

The article showed a screenshot of an owner who had tried Tesla’s online trade-in estimate with a 2024 that had only 6,211 miles on it.

From the article:

Tesla sold a brand-new 2024 Cybertruck AWD Foundation Series for $100,000. Now, with only 6,000 miles on the odometer, Tesla is offering $65,400 for it – 34.6% depreciation in just a year.

Pickup trucks generally lose about 20% of their value after a year and 34% after about 3-4 years.

It’s also wroth nothing that Tesla’s online “trade-in estimates” are often higher than the final offer as noted in the footnote o fhte [sic] screenshot above.

On Car Guru, the Cybertruck’s depreciation is actually closer to 45% after a year and that’s more representative of the offers owners should expect from dealers.

EDIT: corrected mileage from screenshot

[–] sunzu2@thebrainbin.org 0 points 21 hours ago

Peak luxury car behavior. This is affluent peoples FAFO moment lol

[–] mean_bean279@lemmy.world 14 points 23 hours ago (1 children)

Maybe you should read the article then before commenting since it calls out that the car has been on sale for 1.5 years.