AZ_J
Posts: 3
Joined: Mon Nov 06, 2017 3:37 pm

Good price for used 2017 FFE?

Wed Dec 27, 2017 9:26 am

Looking for fast feedback please, it's decision time.

I almost pulled the trigger on a 2014 FFE with 10k miles for $10,500 + TTL but I've seen a few lightly used 2017 FFEs popping up already. With the end of the year just days away, what price is a good price to buy a gently used 17 over a brand new (and tax credit applicable) 2017 knowing that hold overs will likely be discounted even more in about 2-4 weeks? As of today I confirmed I could get a new 17 for $21k after incentives in CA. (before tax credit)

Found a 17 FFE with 3k miles for $16,800 +TTL. Thinking that paying 60-70% more than a 14 for 50% more range and a full warranty may be the way to go. Sure there's a tax credit on the 2017 but that's not coming off the top like it is on the value of this used car.

Thanks!

scottt
Site Moderator
Posts: 315
Joined: Mon Apr 06, 2015 6:00 am

Re: Good price for used 2017 FFE?

Thu Dec 28, 2017 5:36 am

AZ_J wrote:Looking for fast feedback please, it's decision time.

I almost pulled the trigger on a 2014 FFE with 10k miles for $10,500 + TTL but I've seen a few lightly used 2017 FFEs popping up already. With the end of the year just days away, what price is a good price to buy a gently used 17 over a brand new (and tax credit applicable) 2017 knowing that hold overs will likely be discounted even more in about 2-4 weeks? As of today I confirmed I could get a new 17 for $21k after incentives in CA. (before tax credit)

Found a 17 FFE with 3k miles for $16,800 +TTL. Thinking that paying 60-70% more than a 14 for 50% more range and a full warranty may be the way to go. Sure there's a tax credit on the 2017 but that's not coming off the top like it is on the value of this used car.

Thanks!
Given the numbers you mention, I'm not sure why you wouldn't get the new 2017. You mention being able to get one for $21k before fed tax credit. The credit takes the final number to way below the used 2017 figure.
2015 Magnetic FFE (aka Magneto) - Retired
2017 Kona Blue FFE (aka King Kona) - Current

AZ_J
Posts: 3
Joined: Mon Nov 06, 2017 3:37 pm

Re: Good price for used 2017 FFE?

Thu Dec 28, 2017 8:50 am

Thanks. I pulled the trigger on the used 2017 w/ 3k miles, got them down to $16,500 + tax. On paper the new one with tax credit would be cheaper, but still doesn't change the purchase price and I wouldn't have the tax liability this year to realize it.

This will hold me over just fine until the Model 3 arrives mid year 2018 as I'd planned to adjust my withholding in January 18, and I already have a friend lined up to buy this off me when it does.

Love when the stars align! Happy to be back in a FFE, with 50% more range no less. :)

damania
Posts: 180
Joined: Sat Dec 13, 2014 6:03 pm

Re: Good price for used 2017 FFE?

Thu Dec 28, 2017 1:15 pm

Where did you find FFE 2017s for $21k? Thr lowest I can find them are for $24k.

jmueller065
Posts: 2386
Joined: Tue Feb 12, 2013 4:36 am
Location: Southeastern MI
Contact: Website

Re: Good price for used 2017 FFE?

Thu Dec 28, 2017 5:07 pm

damania wrote:Where did you find FFE 2017s for $21k? Thr lowest I can find them are for $24k.
Note that it is used with 3000 miles on it.
2018 Cajun Red Chevy Bolt
2016 Magnetic C-Max Energi (lease returned)
2014 Sunset Escape
2014 Thor Axis (V-10)
2013 Focus Electric (lease returned Jan 2016 for the C-Max above)
https://spareelectrons.wordpress.com/

FiSh
Posts: 45
Joined: Tue Aug 01, 2017 6:35 am

Re: Good price for used 2017 FFE?

Fri Dec 29, 2017 6:28 am

jmueller065 wrote:
damania wrote:Where did you find FFE 2017s for $21k? Thr lowest I can find them are for $24k.
Note that it is used with 3000 miles on it.
He bought used for $16.5k
$21k is about price for a new one:
As of today I confirmed I could get a new 17 for $21k after incentives in CA. (before tax credit)
2017 FFE, Oxford White

NH-EVer
Posts: 1
Joined: Sat Dec 30, 2017 4:37 am

Re: Good price for used 2017 FFE?

Sat Dec 30, 2017 4:43 am

I just purchased a 2017 for $21k out the door before Fed tax incentive in RI. They were by far the lowest price in all of NH, MA, CT, and RI. Everyone else was around $24k

tkdbrusco
Posts: 19
Joined: Mon Nov 20, 2017 9:13 am

Re: Good price for used 2017 FFE?

Mon Jan 01, 2018 9:47 pm

AZ_J wrote:Thanks. I pulled the trigger on the used 2017 w/ 3k miles, got them down to $16,500 + tax. On paper the new one with tax credit would be cheaper, but still doesn't change the purchase price and I wouldn't have the tax liability this year to realize it.

This will hold me over just fine until the Model 3 arrives mid year 2018 as I'd planned to adjust my withholding in January 18, and I already have a friend lined up to buy this off me when it does.

Love when the stars align! Happy to be back in a FFE, with 50% more range no less. :)
I think you don't understand the tax credit very well. You said you wouldn't have the tax liability to realize it in 2017, but that you would "adjust your withholding in 2018" You either owe $7500 in federal taxes (and thus will benefit from the full credit) or you don't. What you withhold has nothing to do with what you owe, it just has to do with what you give them along the way.

If your 2016 tax returns indicate that you paid the federal government $7500+ then you can take advantage of the full tax credit. If nothing much changed in 2017, you'll likely still owe $7500+, and same for 2018 (expect the new tax plan will lower rates). The amount you withhold is completely irrelevant. Please make sure you understand this well before you go out and buy a Model 3 assuming you're going to save $7500.

tkdbrusco
Posts: 19
Joined: Mon Nov 20, 2017 9:13 am

Re: Good price for used 2017 FFE?

Mon Jan 01, 2018 9:50 pm

damania wrote:Where did you find FFE 2017s for $21k? Thr lowest I can find them are for $24k.
I found a price around $17K post tax credits on a 2017 FFE (with leather) in CA. I wound up leasing cause that was cheaper with the buyout. Lease wound up being about $9K in total payments and fees (15k miles/year). Buyout at lease end is $8k+tax. Factor in the CA $2500 rebate and $500 PG&E and its $15400 total cost of ownership for a 2017 FFE with Leather Interior!

Return to “Buying / Leasing / Dealerships”