Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year::Tesla may agree to buy the truck back at the original price minus “$0.25/mile driven” and any damages and repairs.
Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year::Tesla may agree to buy the truck back at the original price minus “$0.25/mile driven” and any damages and repairs.
This is, surprisingly, not that unusual for vehicles in high demand. It’s to prevent flipping.
GM does it on certain vehicles as well:
https://gmauthority.com/blog/2023/08/gm-restrains-customers-from-flipping-cars-but-not-dealers-from-charging-ridiculous-markups/
(the C8 Corvette Z06, GMC Hummer EV, and Cadillac Escalade-V if you want to know without clicking the link.)
GM wasn’t harsh enough IMHO. They should have black listed people who immediately flipped base C8s for significantly more than MSRP. Base C8s (not Z51) going for over 100k, with miles on them, was fucking ridiculous.
I’ll say it now: car dealers are useless dinosaurs and there is no point to having them anymore. I don’t need a dealer to tell me what options I want on my car. I can select those on a webpage after I’ve reviewed the available options. I need a place to take my car for service if it’s a factory failure / warranty work. I can do the rest myself or pay another focused professional to do the work.
Yeah, pretty much every Hummer EV I saw was at a dealership lot, used, and marked up $100k
I really like your second paragraph!
Agreed, but I absolutely need somewhere to test drive the car as well before purchasing. There’s no way I would buy a car without it.
I would agree with that. I had a car shipped by an online sales company and when I showed up to test drive & but it, I didn’t actually fit in the car properly, so I didn’t end up buying it. Such is the life of being tall.
I’m just shy of 6 feet so not excessively tall by any means, but I test drove the Fiat 500 some years ago, and found there is no way for me to be comfortable in it. Interestingly the Mini Cooper was very comfortable, and could have easily accommodated someone taller - as long as anybody sitting behind you didn’t have legs.
Yeah the Fiat is VERY small and I concur on the Mini. I’m a bit over 6’ and I found regular Minis to be very comfortable with headroom with the countryman’s being a bit better on the backseat situation 😂
I’m no fan of flipping/scalping but the choice of the degradation of ownership is much worse. If they really own the car then they aught to be able to resell it.
Prediction; this will extend beyond just high end cars.
Real estate and Ticketmaster: “Fuck yeah, flip that shit and inflate our markets to insanity!”
Auto industry: “Fuck you, we do the inflating around here. Pay me!”
Ticketmaster owns the resale sites too. And the venue.
Ford notoriously sued John Cena for exactly that reason with his Ford GT
It really is to protect consumers from scalpers.
Dealerships are the biggest scalpers.
Dealerships suck and everyone except the dealers themselves will be over the moon once they’re gone, manufacturers most of all.
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Not really. I don’t particularly like them, but they don’t contribute much to the cost of cars. They barely make anything selling the car. That’s why they are always pushing extended warranties, accessories and trying to get you back in for service. Most of these guys are just hustling and getting as bad a deal as the rest of us.
The dealers are under huge pressure from the manufacturers to move cars. They are given sales targets they have to hit or they don’t get paid. That’s why they end up selling a car for like $500 profit or even break even. There’s a good episode of This American Life called “Cars”.
Of course, none of this applies to high-demand cars that sell themselves. They will mark those up like crazy to survive because the manufacturer doesn’t pay a bonus for those and barely gives them any inventory.
…forreal? You do realize dealership markups in the past few years have jumped as high as 40%?
https://markups.org
If you’re as much of a snake as they are, maybe. For the rest of us, not so much.
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There’s nothing to stop anyone from buying a single unit and scalping it
It’s not “bizarre” in the slightest unless you’ve never heard of the concept of scalping.
Except, you know, the economic principles of supply and demand
Except, you know, supply and demand are flipped on their fucking heads. That’s why this clause exists in the first place?
How
Presumably there’s going to be very few Cybertrucks. Supercar manufactures, with their very low production rates, generally have some kind of wait list, Ferrari goes to extremes and won’t even consider selling you most stuff if you’re not already driving a more entry-level Ferrari.
It’s not really about the money, though: If a Sheikh comes along and wants your car, he’s just going to add double the penalty amount to his offer. It’s more about getting shitbinned by the manufacturer.
Ah, yeah that’s my bad. I didn’t think about the manufacturer-limited supply and sort of misunderstood the point. That’s for being patient with me and setting me straight.
Shame though. Would absolutely love to see a guy with a garage full of these things because he couldn’t find enough crypto bros to gouge.
I imagined them stacked on top of each other haphazardly, piled up in a garage with a sad white 30ish year old guy standing in the driveway looking sad.
Same with Ford F150 Lighting when it came out. Not sure if it still stands.
Kinda curious why the company doesn’t raise their prices to fit demand then, since clearly, demand exists that allows those products to be sold for more (else the scalpers couldn’t profit). Not saying they should charge more, I’m just curious why an entirely profit-driven entity like a company wouldn’t charge as much for something as demand would allow for, it seems out of character?
Part of it is allowing the dealers to profit. If they price too high, there’s no wiggle room and incentive for the dealers to order the car.
Tesla has no dealers. They sell directly, which is why they cannot sell vehicles in some states. Some states require vehicles to be sold through dealers.
Oh, yeah, I know, I was talking about the GM cars.
It’s to prevent flipping scalping
Somehow I get this weird feeling that the cybertruck will flip all on its own. ;)