BUYING AND SELLING USED TESLA MODEL 3S FROM AUCTION - HOW MUCH PROFIT IS THERE?

EV Channels Review

This video offers a transparent look into the profitability of buying and selling used Tesla Model 3s, specifically focusing on three examples acquired from auction. The reviewer, an experienced EV dealer, details the purchase prices, auction fees, and subsequent costs for preparation, including minor bodywork, wheel refurbishment, tire replacement, and missing trim pieces. While the initial purchase prices were strong, the video demonstrates that after accounting for all expenses, including VAT and general overheads, the profit margins on these 'bread and butter' cars are modest, typically around £750-£1,200 before corporation tax. The reviewer highlights that while significant profit is possible, it's not as straightforward as the difference between hammer price and sale price, emphasizing the importance of efficient stock turnover and careful cost management. The video concludes that while money can be made, it requires considerable effort, investment, and a keen understanding of the market, rather than the 'thousands per car' some might assume.