I'm sure many have expected experiences which part of the reason for Tesla's success. Not getting tax credit for a Porsche can be excessive/expensive reason to pass.
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When I ordered my Teslas, both times, the dates and trade-in values change within 24 hours of receiving my $250 non-refundable deposits. The website didn't and I kept checking for a week or two. And there's plenty of posting and threads on this community alone about this exact complaint. Look, I love my Tesla and I love Elon, but that doesn't mean I should keep my head in the sand about anything that revolves around either. Tesla is definitely misleading people with both trade-in values and reasonable deliver dates.
It's unfortunate that the quotes are being adjusted on the fly even within the 30 day timeframe. They are obviously reacting to wholesale prices tanking day-by-day.
I had a super positive experience with my Tesla-for-Tesla trade-in several months ago. The came in at the highest quoted price (compared to Carmax, Carvana, Shift, local car dealership), and even adjusted the price up above the quote during the actual transaction. Zero complaints whatsoever about my experience.
I appreciate the suggestions. But one never expects to get a trade or sale to a dealer equal to a sale to an individual. The difference is, at least in some States, the tax advantage. At a trade value of $116.5k it was a wash, as I stated in my original post. $99k is a difference of $18,725 in the out the door price.
Tesla should have said that the deal has changed and let me take the new deal or return my $250.
Here's an analogy.
I'm selling a widget for $1000. You an I text, talk, and email and you decide you want to buy it. You give me a $100 non-refundable deposit and we agree to meet at Joe's Hardware in two days to complete the sale. Upon arriving at Joe's I tell you that due to inflation and supply issues the price is now $1240. You decide that's too much, turn down the deal, and ask for your $100 back.
I'm an honest guy and I realize that the deal was agreed upon at $1000 and give you you $100. You go away disappointed but you still have your $100.
On the other hand I'm Tesla and I don't care what I told you two days ago. I'm keeping the $100.
I'm about to get my butt kicked!!
Tesla should have said that the deal has changed and let me take the new deal or return my $250.
Here's an analogy.
I'm selling a widget for $1000. You an I text, talk, and email and you decide you want to buy it. You give me a $100 non-refundable deposit and we agree to meet at Joe's Hardware in two days to complete the sale. Upon arriving at Joe's I tell you that due to inflation and supply issues the price is now $1240. You decide that's too much, turn down the deal, and ask for your $100 back.
I'm an honest guy and I realize that the deal was agreed upon at $1000 and give you you $100. You go away disappointed but you still have your $100.
On the other hand I'm Tesla and I don't care what I told you two days ago. I'm keeping the $100.
I'm about to get my butt kicked!!
Is CA a tax credit state on trades? And that's awesome that you had a great experience. I'm not trying to start a fight or divide anyone. I just want those who haven't had good experiences with Tesla to know, they're not crazy
Yes Calif is a Tax Credit State on Trades. So when making a decision on Trade vs Public Sale you must account for the loss of the sales tax advantage of a trade vs outside sales
wow. I, too, thought Tesla was the future of car purchase “experience”. But no. Or yes! Where else will you sign a contract, pay $250, promise to pay ~$2000 to cancel, then let your merchant manipulate the transaction. Look, Tesla is no different … I call a typical deal with trade in a ”spot” market. Unfortunately, there is nothing we individual buyers can do. Or we could via big brother, or a benevolent swift class action to leverage the tesla and their like. Or boycott. I hate the business, but the engineers do produce a remarkable product.
consider completing the story what was the final spot value? Good experience?
same here, still waiting. i think they got SWAMPED by the number of people buying/trading in. My EDD is March 31, 2023. So I am guessing I won't get my trade-in value at end of Feb or early March.
I agree. I had to put down a $1500 deposit. $1000 transport and $500 deposit. That was based on a trade estimate of $28600-$31600. Then 48 hours later they tell me it’s $26500. When I expressed my displeasure with the process he said “that’s not my problem. Are you going to take it or leave it”.
Im actually in awe of the fact that people have allowed this to happen for as long as it has and not begged government agencies to step in to modify their practices a bit to be more consumer friendly.
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