Are you currently in the market to buy (or sell) a Tesla Roadster in Singapore? Vehiclus surveyed the local used automotive market of all cities in Singapore to determine a pricing profile of various Tesla models depending on their age, technical condition, optical condition, and mileage. To optimize your earnings when selling your Roadster (or to make sure to not be overcharged when buying a Tesla Roadster) it is of value to know most value-determining variables.
Singapore is a metropolitan area with 3547809 inhabitants. However, it is hard to find more than a dozen Tesla Roadster on the market there. Therefore, the supply is low and the demand depends on various of parameters such as brand reputation, brand popularity, and used car pricing.
As described in the figure below, cars of the car manufacturer Tesla and especially of their model Roadster depreciate in a very usual process. The mean price of the Roadster will be lowered by up to 13% ($77,608) after just one year. After 3 years, the car typically is sold for approximately 61% of its initial selling price ($55,829) while it will only be worth 32% of the MSRP after 7 years ($24,877). The Roadster's value after 12 years is only 12% of its original price depending on its condition of course.
Another way to analyze car depreciation is to examine the decrease of value over mileage. The Tesla Roadster depreciation curve below describes this phenomenon for Singapore. The Roadster looses most of its resell price (ca 50%) within the first 30k kilometers of its mileage. The mean price for a Roadster at that usage level is approximately $49,774. After that the devaluation slows down: at 90k km the Tesla Roadster is valued for $28,893 in Singapore and for $14,103 at 180k km .
The last factor that heavily influences the sell price of a second-hand car is the technical and optical condition of the vehicle. The table below lists the deflation of a Tesla Roadster according to its year and its condition.
|Vehicle Year||Tesla Roadster Condition|
|Tesla Roadster variations:|