For many of us gearheads, the Tesla Model S is one of the cars atop our list of dream rigs, but if you’re like me, your wallet can’t quite support this dream. Well, your dream could soon become a reality, as Tesla has finally launched its preowned department that offers the Model S at a discount and with a warranty.

Currently, the inventory is limited only to select markets, including Atlanta, Cleveland, Denver, Florida, Hawaii, Los Angeles, San Francisco, Seattle, and Washington DC, but the deals seem pretty aggressive. In fact, the lowest price available in the system is for a 2013 Model S 60 with 23,628 miles for $55,200. With this lower price, you also get a car that is inspected by Tesla pros, a four-year or 50,000-mile limited warranty, and 24-hour roadside assistance. You can read all of the warranty limitations here, but they seem pretty standard.

Now, while that price seems aggressive for a car that was around $70k brand new, keep in mind that you are not eligible for any federal tax credits when buying a used Model S. This means that after the taxman puts that nice $7,500 tax credit on your 1040, you can get the new Model S 70D for just $12,300 more than that used 60 kWh model. With that said, Tesla’s pricing does seem about in line with the un-certified used Model S units available on the open market, and you get the added security of a Tesla warranty.

There are some great deals to grab on this preowned site, like a 2012 P85 in Washington DC with 30,602 miles for just $62,900.

Continue reading to learn more about the Tesla Model S.

Why it matters

I think as the used inventory comes in and as the Model S grows in popularity, we’ll start seeing them drop in price. When that happens, look for a massive rush on buying used Model S units. This may also change if the federal or state governments start offering credits on certified preowned electric vehicles.

2015 Tesla Model S

2015 Tesla Model S High Resolution Exterior
- image 572376

Read our full review here.

Source: Tesla

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