If you’ve been following the Tesla electric car craze, you’ve probably noticed a trend of secondhand car sales in Hong Kong and mainland China.
The Hong Kong market is currently dominated by two models, the Tesla Model S and the Tesla X. According to the company, the Model S has been sold out for over a year, and the Model X was only available for a few days.
In mainland China, the secondhand cars are more limited and tend to sell for a lot more, but the demand for secondhand Tesla models is high.
As of September 2017, Tesla had sold nearly 4 million Model S cars in mainland China since the company’s introduction in 2015, and that number is expected to increase in the near future.
So what is the deal?
In Hong Kong, where the Model 1 was introduced in 2012, the first-hand model is cheaper than secondhand ones.
So, how does the second-handed Tesla offer compare?
The Model S offers a higher price tag than the Tesla cars on offer in mainland Chinese cities.
As of June, the HK$2,500 ($1,719) price of a secondhand Model S was the highest of any of the Tesla models.
In mainland Chinese capital cities like Hong Kong or Beijing, the average price of the Model 3 is a mere HK$1,200 ($1.24), according to the online marketplace AutoCompare.com.
The price of Model 3 was also higher in Shanghai than in Hongkong, with a HK$5,200 average price.
It is also more expensive in the mainland Chinese metros like Shenzhen, Guangzhou and Beijing.
However, in mainland Beijing, where there are many Model 3 cars on the road, the price of first-generation Model 3s is still HK$4,000 ($1) cheaper than a second-generation one.
How is the second hand Tesla offering different from the first?
Aside from the price, there are also other differences in the way the two offer the second hands.
First, there is a guarantee: If you decide to use the Model 2 for more than a year in Hong kong, you’ll get a $100 refund if you can prove that you don’t want it anymore.
If your Model 3 needs replacing, you can even get a new one for HK$500 ($130) in the event of a full rebuild.
And if you decide not to buy a second hand Model S, the company offers an option to get a second one for only HK$700 ($250) and a full refund.
All of these are offered by the Hong Kong company, but they are all subject to a 30-day hold period, which makes the offer not as good as the first.
Second, you must first register for a second name and password for your Tesla account, which can take a few hours.
Third, you need to wait until the new Model S is ready to be sold.
That means you’ll have to wait for at least two months for the first hand car to come to market.
After that, you’re free to use it on your own, but if you buy a Model 3, you will have to pay the full price of that car.
There are also restrictions on who can use the car.
If you want to use a second or third hand car, you have to register as a third party.
Lastly, you also need to make sure you have a driver’s license.
To be safe, the government has also announced that drivers with a valid driver’s permit will be able to drive Tesla vehicles in the country, but only to the extent of one hour per day.
This is an issue in mainland areas where the average time to drive a Model S in the city is more than two hours.
However, if you plan on driving in Hong-Kong, then the car will be a little more affordable.
How much will it cost to buy the second or second hand cars in Hong Kong?
At this point, the answer is not easy to say.
There are no official figures on prices for the second and second hand car offers.
You can only hope that the price will drop once the Model 4 is ready for sale.
At the time of writing, Tesla’s third-hand sales in mainland Hong Kong are at just over 500,000.
Should you buy the Model E, or should you wait?
The Model E is a great car, but is it worth the money?
While the Model Y is already a popular car in mainland cities, it doesn’t have the same appeal in HongKong.
While it’s possible to buy one Model E for HKK$2.3 million ($