Jeep Gladiator, Tesla Model 3 among MY2025 cars J.D. Power says will provide good long-term value
Posted by HawtGarbage917@reddit | cars | View on Reddit | 29 comments
ymjcmfvaeykwxscaai@reddit
Model 3 prices used are so weird and hard to read. Obviously they depreciated like a rock since 2022. But if you look at the 2018 models, especially with the existence of the used tax credit, in my area they are quite expensive compared to something like a 2018 3 series. Especially considering just how much they lack in comparison to a 2024.
It'll be interesting to see how they fair in 10 years. The early model s and nissan leaf have some design flaws that really affect their resale value and longevity. Modern EVs don't really have thouse.
Wow_Space@reddit
The fact that this sub has this post at 0 upvotes lol. Fanbois being fanbois
Latios19@reddit
An EV retaining its value? Seriously? Hahahaha
DemocraticDad@reddit
Haven't Tesla's always had the best value retention among EV's?
I bought a Mach-e a couple years ago, but when car shopping the Tesla's had such strong value it wasn't really worth buying a used one
Latios19@reddit
A family member bought a Model 3 for 40k and when she went to trade it in they were giving her 23k 🥲 Only two years and a half of use. She ended up switching to a Kia and they helped her to cover most of the balance.
6158675309@reddit
Yes. I have not read the JD Power thing yet. I will but if you are thinking of the headlines you see about Teslas depreciating so much, that is related to cars bought up to five years ago. And Teslas were the market for EVs until very recently.
If you buy one today you likely won't see the same depreciation as cars purchased before 2023. In January, 2023 Tesla lowered prices by quite a bit. An example, a Model 3 Performance in December, 2022 was $63,000. In January, 2023 the price dropped to $54,000 AND it qualified for the $7,500 tax credit, so an effective price drop of $14,500 before any state incentives.
So, the market responded and lowered the resale price of anything purchased prior to 2023 - you could get a new one for less.
So, as I am sure the JD Power research suggests those price cuts aren't likely to happen again, AND it sure does look like those federal incentives will go away.
So, if you buy one now it will likely reatain its value quite well.
Latios19@reddit
Mmmm I see. Makes sense. Newer models retain better value than the older ones based on their original purchase price. In general EVs depreciate a lot, and that’s what’s holding me back from getting one new, and the used ones just scare be by the electrical issues too
6158675309@reddit
Yes, that plus the incentives which drove down resale values on cars that did not have the incentives when purchased new.
If by electrical issues you mean the battery, here is some good info for you on battery health. Short story is it's not anything to worry about any more than replacing an entire engine in an ICE car.
Recurrent has some great info on EVs, purchasing, etc. all from real world data they collect.
That hesitancy is understandable, one thing to keep in mind is I believe all EVs have a 10 year battery warranty. I am not sure, 100,000 miles too I think. You can check the exact time and miles. I think the warranty covers the battery and motors, sort of the same thing as an ICE cars powertrain warranty which is usually 3yr/36,000 miles.
Teslas anyways, are also the least expensive to maintain, though by not as much as I would have thought.
https://www.consumerreports.org/cars/car-maintenance/the-cost-of-car-ownership-a1854979198/
Latios19@reddit
Great input! Appreciate it!!!
I’m worried about electrical components meaning infotainment systems, glitches, bugs here and there. I drove for example a Blazer EV (not Tesla) and one of the small issues I had to deal with was a message of the charging door open when it was closed. Or the key fob not connecting properly.
With Teslas I haven’t had much interaction with. Personality, not having the CarPlay is a big turn off. But I did drive a couple for a few minutes and they seems to be good for a daily driver. However I prefer a more sporty look and performance like the Mach E or EV6.
Shmokesshweed@reddit
Nope. There's absolutely no reason for that to happen.
6158675309@reddit
Possibly, but here are some counterpoints.
No one really knows and you can also factor in Elon, who is a wildcard. But, it seem likely that Teslas purchased now or in early 2025 will retain value pretty well.
My car is an anecdotal example. I bought a 2023 Model 3 Performance. Net to me with incentives is was \~$37,000. A used one is about that price (or more) right now. I've had mine for about 18 mos and it effectively has no depreciation. If the tax incentives go away it will just delay the depreciation a bit more too.
Shmokesshweed@reddit
All true as well. Gonna be an interesting next couple of years.
OceanGate_Titan@reddit
You started three paragraphs in a row with “so”.
6158675309@reddit
So, you didnt like that :-)
Alternative_Ask364@reddit
I love my Gladiator but holy fuck I would never recommend anyone buy one new off the lot. Used Gladiator values have been in free-fall since 2022 meanwhile Stellantis cranked up the MSRP outpacing inflation. Just looking around a common Gladiator spec (hard top, leather seats, automatic transmission, heated seats, BSM) is $60k MSRP meanwhile you can find low-mileage models for $40k. The only positive thing I can say about Gladiator values is that it's unlikely they fall much further.
If you can get a good EV credit on the 4xe and get the vehicle itself below invoice or with a 15% off MSRP deal, maybe buy new. Otherwise just buy a used one.
Hour_Perspective_884@reddit
Mine had held value very well.
I bought a Willys model in '21 new for $38 and the current KBB estimated value is $31 (private party sale) with 50,000 miles on it.
ChirpyRaven@reddit
I don't think it's "it held value well" so much as the price keeps increasing on new ones. Unless those price increases keep coming, I don't see how those prices will continue to hold.
For example, the Willys you bought 3 years ago with a $39500 invoice now has a starting invoice of $44k.
Alternative_Ask364@reddit
Prices increasing on new models did not help the Rubicon hold value.
Hour_Perspective_884@reddit
So it didn't hold it's value only it did 'because'.
So it did.
ChirpyRaven@reddit
Not what I said.
It did retain value, but it seems unlikely that it will continue to.
Hour_Perspective_884@reddit
Splitting a lot of hairs here.
If the Wrangler is any indication theres no reason the Gladiator wont continue to retain value.
DanielTigerUppercut@reddit
Teslas held their value very well before the current EV tax incentive and Enron Musk starting a price war. My 2021 is worth about as much as I owe on it, so I’ll just keep it until the end of its 8 year battery warranty at this point. Ownership costs have been dirt cheap, so I’ve got that going for me which is nice.
andrew2018022@reddit
Ownership costs, minus insurance. Insurance is steep
DanielTigerUppercut@reddit
Tesla brand insurance was super cheap…until they changed the safety scoring and pricing skyrocketed. Plus I was convinced that they cranked the emergency braking events at the end of the month right before next month’s billing rate was determined. Even my kids were like “WTF that car in front of us wasn’t even close?!”
Benjammin172@reddit
It's not so much them changing the safety scoring that caused pricing to skyrocket, it's more about now having years worth of data regarding the loss history. That helps insurers paint a more accurate picture of what losses involving these cars will look like. And with Tesla being one of the leading manufacturers involved in accidents, and with the cars themselves being very expensive to repair, then it becomes pretty obvious why insurance costs are rising across the board for the brand. At one point a year and a half or so ago, Tesla insurance was paying about $1.26 for every $1 in premium they took in. So those kind of losses obviously wouldn't be sustainable long term.
andrew2018022@reddit
Oh yeah I would definitely buy that theory. Tesla insurance isn’t available in my state but even if it was I wouldn’t buy it unless it was substantially cheaper than the legacy companies
LCHMD@reddit
Isn’t Tesla regularly at the last place reliability wise?
hi_im_bored13@reddit
https://www.consumerreports.org/cars/car-maintenance/the-cost-of-car-ownership-a1854979198/ - they have the lowest maintenance and repair costs over 10yrs
Lots of reliability studies that are moreso studies of complaints - that is trim issues are included just as much as the engine blowing. Tesla still struggles to get trim and qc right but it won’t leave you stranded.
Regarding price, part of the reason depreciation is so high is because of the tax credit - the car looses 7.5k book value off the showroom floor, and there was a race to the bottom over the past few years as supply ramped up & demand went down.
With the tax credit’a future uncertain and with teslas margins lower than ever I’d imagine the model 3 depreciates less than historically.
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