Buying and selling USED Tesla Model 3’s from Auction - how much profit is there?

This will be a totally transparent insight into how much money we make from buying and selling 3 examples of used Tesla Model 3's.

I'll show you what I bought them for, how much i spent on them, and how much I sell them for.

Some people will think car dealers make thousands per car but that would be great, it's certainly not always the case as there are plenty of costs, overheads, liabilities and taxes to pay!

Let me know what you think in the comments below but I hope you enjoy the very transparent content of this episode.

Many thanks

Richard Symons
R Symons LTD "RSEV"
EV Specialist based in New Milton, Hampshire on the South Coast near Southampton and Bournemouth
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[DavideFortuna]

I'm currently the proud owner of the white one! Thank you guys again for your help and professionalism. I could not find a better dealer!

[SimonLant]

What a massively transparent video Rich. I dont think many would be so open with us. Thank you for continuing to showcase your industry.

[stephenhedges]

Very honest video. When I am ready to buy my first EV. I will be calling you first 👍.

[connclissmann]

Thank you for this open book approach! As a business owner myself, it challenges my patience when customers ignore hidden costs such as staff, insurance and energy inputs along with property and capital costs just to reliable offer our products and services. Great value cars so wishing you and your customers well.

[had]

Big ups the RSEV team - bought an M3P a month or so back and they were great to deal with and put the effort in to make it feel like a “new” car. Really open on a couple of niggles to be covered under warranty by Tesla which were sorted. Would 100% recommend!

[karmanline]

Ive been in the industry 40+ years, and I endorse your prep policy 💯 % . Your openess is remarkable, and even then, you've missed some costs, notably stock funding interest and business rates. Live long and prosper!

[ixxeon]

We bought a used model S from you and very happy with it. 5% margin isn’t great.I would have assumed at least £1500-£2000 on a £20k car. Thanks for being so transparent.

[JonathanPorterfield]

Brilliant Richard, yes honest dealers like you dont eat cavier for breakfast or burn £50 notes to keep warm !

You'll get more customers off the back of this honest transparent video 👍👏

Best regards

Retired EV dealer

Jonathan Porterfield 😊

[jtsotherone]

I can't imagine a better advert for your business with such an honest direct video as this. I will keep an eye on your site for the older Model S I'm searching for!

[alancobbin]

Still the UK’s Best EV specialist, cheers guys 👍

[robinparkes]

Very eye opening video Richard. I’m just beginning my 4th and final year of my current model 3 lease agreement. I know who I will be contacting before September 2025.

[catbangs]

Good to see that you do a good job at refurbishing the cars despite your thin profit margins.

[James-dxqb]

Whenever I buy a car I always get the feeling that I'm being screwed over royally by the dealer, so it was interesting to watch your presentation and explanation of things. For what it's worth I'd definitely buy a car off you. Cheers.

[kmpquinn]

Turning over a higher volume at lower rev per unit on clean vehicles sounds like a much tidier business. Don’t want funds tied up like you said. Your margins are pretty close to what I expected. Tax man is always there with his hand out no matter where you do business.
Love your videos. Keep up the great work.

[rustys]

Very good. People have no idea what goes into sourcing, prepping, selling and then backing a used car with decent customer service.

Well worth contrasting with a home trader who does none of these things, takes no responsibility and still pitches close to a dealer retail price. To add insult to injury, also then not paying margin VAT and almost certainly dodging income tax as well.

I always say that as you head past, what, £10k good quality dealers really start to come into their own over a good private sale.

On the other hand, I'd never buy a sub £5k car from a dealer as effectively you're buying a £3-3.5k car. The overhead, refurb, profit and warranty costs are a huge % of what you pay, just about of of which evaporate the minute they hand you the keys.

Anyway, a brilliant video to put out: ultimately really good dealers work bloody hard for their money.

[kab]

I appreciate your honesty, I thought you’d make more than that. I also like that you want these cars going out as pristine as they can, well done!

[ishhussain]

I have been thinking about a Tesla for some time and came across this channel when doing some research. Love this channel, the most transparent and honest bunch of guys :)

[mrpauly]

The 9 years of experience you have is something we buyers can not factor in but should and the trust you have earned is why we buy from you.. great vid, much appreciated..

[DaveVantage]

Blimey, you need to shift a lot of cars to make any money 😬

[StuartSurridge-em]

Thank you Richard for the transparency, upgrading my car for a model 3 next year & have researched thoroughly. When Tesla Winchester recommended you that was enough for me. See you next year.