Helpful info for those considering trading in Tesla Model 3 for a Tesla

[tchaimd]

Hi, everyone,

I have a 2018 Tesla Model 3 LR, and I am going to upgrade to the Performance version.

Manufacture date 2/2018
Silver
6,500 miles
All options except Enhanced Autopilot and FSD.

I received an offer from Vroom for $47,000, and am waiting for givemethevin.com for a quote.

I spoke with Tesla regarding trading in the vehicle and matching outside offers, and I was surprised to learn that they will only match offers for NON-Tesla vehicles for trade-in. In other words, if you are trading in a Tesla to Tesla for a Tesla, no price match!

Very disappointing, as Tesla matched an outside offer for my BMW i8 that I previously traded in to them.

I will likely sell to the third party and buy new from Tesla, but unfortunately will not benefit from the sales tax savings for trading in a vehicle.

Just thought it would be helpful info for you all!

 

[Tforme]

Just had a similar experience. I’m interested in trading my 2013 MS for a new one. My car has lower than average miles and is in very near flawless condition. Tesla’s trade offer was $5,200 below Kelly trade value. That’s only 86% of the Kelly listed value.

And just to add insult I was told that if I wanted to trade my Chevy Bolt instead they would give me full Kelly trade value for it! “So my Bolt holds its value better than a Tesla?” I asked. Tesla rep just looked down and mumbled something.

 

[Tdriver]

Trading in a car to a dealer will always be disappointing........sell it.

 

[kgclark]

Hi, everyone,

I have a 2018 Tesla Model 3 LR, and I am going to upgrade to the Performance version.

Manufacture date 2/2018
Silver
6,500 miles
All options except Enhanced Autopilot and FSD.

I received an offer from Vroom for $47,000, and am waiting for givemethevin.com for a quote.

I spoke with Tesla regarding trading in the vehicle and matching outside offers, and I was surprised to learn that they will only match offers for NON-Tesla vehicles for trade-in. In other words, if you are trading in a Tesla to Tesla for a Tesla, no price match!

Very disappointing, as Tesla matched an outside offer for my BMW i8 that I previously traded in to them.

I will likely sell to the third party and buy new from Tesla, but unfortunately will not benefit from the sales tax savings for trading in a vehicle.

Just thought it would be helpful info for you all!

What did Tesla offer you?

 

[Jedi2155]

What did Tesla offer you?

Also what are you hoping for?

 

[kutkuzak]

Trading in a car to a dealer will always be disappointing........sell it.

Trading in can give you significant savings in terms of sales tax paid though. Don't forget that.

 

[Jedi2155]

Trading in can give you significant savings in terms of sales tax paid though. Don't forget that.

Sadly I found out this doesn't apply in the following states:
California, Hawaii, Kentucky, Maryland, Michigan, Montana and Virginia

 

[kutkuzak]

Sadly I found out this doesn't apply in the following states:
California, Hawaii, Kentucky, Maryland, Michigan, Montana and Virginia

Ouch, good to know.

 

[guywithkeyboard]

I received an offer from Vroom for $47,000, and am waiting for givemethevin.com for a quote.

Thanks for the note. Have you heard back from givemethevin yet?

 

[rlb4]

Sadly I found out this doesn't apply in the following states:
California, Hawaii, Kentucky, Maryland, Michigan, Montana and Virginia

And NJ as well.

 

[David99]

Yes that's common. Tesla doesn't offer a reasonable price for your used Model S or X. When I asked them about mine they offered well below value.

 

[MXWing]

And NJ as well.

No tax on EVs in NJ.

 

[rlb4]

No tax on EVs in NJ.

Correct

 

[Recumpence]

Ha, I have an answer for you guys! I just received an offer from Tesla for my 2018 M3 LR. I was offered $43,000 to trade up to a performance M3. Not worth it. But, I understand they have to resell it.

I will either wait a year to trade it in, or wait to trade up to a Y if they look like a good option.

Matt

 

[Raechris]

That trade value sounds good 51k-7.5k = 43500. What am I missing?

 

[SageBrush]

That trade value sounds good 51k-7.5k = 43500. What am I missing?

Where did the $51k come from ? I paid that amount, but without upgrades that could have pushed the car up to ~ $60k.

 

[rdlink]

Where did the $51k come from ? I paid that amount, but without upgrades that could have pushed the car up to ~ $60k.

OP said all options other than EAD. When you configure as he says his is built it comes in at around $52K. Back when he bought it the price would have been closer to $51K. Personally, if Vroom is offering $47K I'd take it. Money in the pocket today instead of a year from now.

 

[ℬête Noire]

OP said all options other than EAD. When you configure as he says his is built it comes in at around $52K. Back when he bought it the price would have been closer to $51K. Personally, if Vroom is offering $47K I'd take it. Money in the pocket today instead of a year from now.

If tchaimd had gotten a match from Tesla it'd be great (thought not quite as good as you suggest). They'd save $2820 in sales tax on the Performance trading that way (recouping from the original cost), which you don't get if you sell it separately to a 3rd party.

 

[Raechris]

I paid that amount,

I expect Tesla knows that. Seems like a zero cost upgrade without depreciation. As OP stated many states give sales tax credit trading the car for another vs private sale.

 

[Glamisduner]

Are you guys saying that if you trade your car into Tesla you save on sales tax because it comes off the cost of the vehicle? I'm in CA but i have never heard of such a thing so maybe I don't understand?