How accurate have the Tesla trade-in values been? I don’t overly feel comfortable giving a non-refundable $250 and feel as if I’m being strong armed.
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The used car market is basically collapsing on itself. If you can swing getting rid of your car, you should probably sell it sooner than later. Used car values are basically dropping 1-2%/week and likely to increase as the fed continues to raise the rate.Question is, why such a large drop in trade-in values in two months? Is Tesla going to lower the new car pricing or is this a glimpse of bigger problems?
While this statement is true in of itself, let’s not forget Tesla trade-in values have always been less desirable and inaccurate. I would love to be the buyer for Tesla. And I can assure you, they are shopping trades for top dollar.The used car market is basically collapsing on itself. If you can swing getting rid of your car, you should probably sell it sooner than later. Used car values are basically dropping 1-2%/week and likely to increase as the fed continues to raise the rate.
The reason Tesla doesnt offer as much is because the trade-ins go directly to wholesale (the exception being some used Teslas.) Used car dealers (ie local car dealers, Carmax, Carvana, AutoNation, etc.) will attempt to sell decent trade-ins at retail before falling back to auctions (a last resort); retail generally has higher margins.While this statement is true in of itself, let’s not forget Tesla trade-in values have always been less desirable and inaccurate.
Tesla gets the same numbers as any other dealership in the country. While region may have different values on the same vehicle; Tesla’s numbers are significantly lower than most other offers. Which really hampers taking advantage of state tax credit.The reason Tesla doesnt offer as much is because the trade-ins go directly to auction (the exception being some used Teslas.) Used car dealers (ie local car dealers, Carmax, Carvana, AutoNation, etc.) will attempt to sell decent trade-ins at retail before falling back to auctions (a last resort); retail generally has higher margins.
I'm guessing when Tesla gives an estimate, its using publicly-available wholesale used car data. They have no intention of selling most trade-ins which is why they generally dont match folks that do.
Tesla gets the same numbers as any other dealership in the country. While region may have different values on the same vehicle; Tesla’s numbers are significantly lower than most other offers. Which really hampers taking advantage of state tax credit.
No I'm not stuck. Selling my Tesla to a 3rd party has no affect on any new Tesla order. It just denies Tesla any new resale on a perfect low mileage Performance M3. As a Tesla stock holder this concerns me. Tesla should want low mileage, perfectly maintained vehicles. Tomorrow when I sell my PM3 to a 3rd party, I will get 37% more vs what Tesla offers, cash in the bank to pay for new Tesla or to purchase from someone else. I win no matter what but Tesla loses.Welcome to direct-to-consumer auto manufacturer sales. Once they get that $250, you’re stuck.
Selling my Performance M3 to 3rd party tomorrow. Will just have MX 100D until I decide what to buy.The used car market is basically collapsing on itself. If you can swing getting rid of your car, you should probably sell it sooner than later. Used car values are basically dropping 1-2%/week and likely to increase as the fed continues to raise the rate.
Selling my Performance M3 to 3rd party tomorrow. Will just have MX 100D until I decide what to buy.
I am Planning to do the same. May I know how much you have got fromDoes Tesla usually honor its trade-in estimates? The reason I ask is that I'm considering trading in my 2022 Mustang Mach-E on a Tesla Model Y or Model 3.
Oddly enough, I received a much higher trade-in estimate from Tesla than the price quotes I received from Vroom, Driveway, and GiveMeTheVIN.
The Tesla quote was as much as $8-10K higher than those from the wholesale buying sites. There are a couple of possible reasons why: Perhaps Tesla is a new car dealer and want to sell their new cars, so they offer more for trade-ins to encourage customers. Of course, it could also be "bait-and-switch" on Tesla's part to encourage customers to order their cars by quoting much higher trade-in values than they're willing to confirm as part of the transaction.
Anyone have experience regarding whether Tesla usually lives up to its initial trade-in estimates?
How did this go?Does Tesla usually honor its trade-in estimates? The reason I ask is that I'm considering trading in my 2022 Mustang Mach-E on a Tesla Model Y or Model 3.
Oddly enough, I received a much higher trade-in estimate from Tesla than the price quotes I received from Vroom, Driveway, and GiveMeTheVIN.
The Tesla quote was as much as $8-10K higher than those from the wholesale buying sites. There are a couple of possible reasons why: Perhaps Tesla is a new car dealer and want to sell their new cars, so they offer more for trade-ins to encourage customers. Of course, it could also be "bait-and-switch" on Tesla's part to encourage customers to order their cars by quoting much higher trade-in values than they're willing to confirm as part of the transaction.
Anyone have experience regarding whether Tesla usually lives up to its initial trade-in estimates?
Strong possibility. That's the gripe. There really should be an 'out' if something changes that drastically. I keep hearing Tesla's not in the used car business. Okay, fine, how about you partner with a third party like CarMax? That way, Tesla has a backer and you can still maintain the tax credit. This is the problem with direct to manufacture auto sales, they only care about selling their car. Your current car is your problem and it's hard to shop trade values once you zero in on a vehicle you really like.How did this go?
I received an estimate today, and I’m buying an inventory car on Friday. But after I paid the $250 deposit it’s now showing “offer pending”. I’m wondering if they’re going to try to offer less now that I’m locked in…
It’s a scam. They show an estimate and when you pay the deposit they reduce the estimate by thousands. Same thing happened to me. Offer reduced by 2.5k. I will recommend you to look for other offers.How did this go?
I received an estimate today, and I’m buying an inventory car on Friday. But after I paid the $250 deposit it’s now showing “offer pending”. I’m wondering if they’re going to try to offer less now that I’m locked in…