Do you mean something like an owner’s forum with a marketplace section where owners can list their cars for sale?
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How accurate is trade in value?
- Thread starter ghsnick!
- Start date
MikeR2k
Member
Curious, but similar to buying homes, do people just sell the car to Tesla immediately pre-delivery and just live with 1 car (if possible) or a rental? Or just sell to some other company immediately?
Values do change daily.
It's clear Tesla just doesn't want your trade so outside of states which has lowered sales tax, it sounds like it's just a waste of time to try to trade in on day of pick up and a nasty surprise if that's not the same day you got the quote. Could you pre-sale the car to Tesla before your new Tesla is ready?
Values do change daily.
It's clear Tesla just doesn't want your trade so outside of states which has lowered sales tax, it sounds like it's just a waste of time to try to trade in on day of pick up and a nasty surprise if that's not the same day you got the quote. Could you pre-sale the car to Tesla before your new Tesla is ready?
MikeR2k
Member
Thanks for posting and sorry this happened to you. Yeah, they keep saying to order and it will come in on the high range…I’m almost certain it will be very similar to your offer.
I don’t care what anyone says, this process is worse than going to a dealership because you’re out $250 and they change the trade in value without reason.
Received Tesla trade-in offer (2018 Toyota Prius Prime Premium trim 38,425 miles) this morning. Not bad. Higher than Carvanna and Carmax but below Toyota. Based on reviews of threads I thought they would ask for pictures? Is this normal or the consequence of being overloaded with demand? Is there an ability to negotiate for a higher offer? Given trade-in (Washington state) would lower final tax amount and be on par with Toyota. Toyota dealer willing to boost their offer high enough to reject Tesla offer. So will Tesla negotiate the trade-in offer?
Hey all. I actually just joined and did so specifically because this was info I was looking for.
I got an estimate of 28600-31600. That’s about the range of other places. Carmax was as high as $32600 but other places were as low as $29200. So I figured that was in range. I hate not knowing every step of the way hope things play out so I called to try to get a feel for how often they deviate from the estimate. He said not often unless something comes back that I lied about. I even offered to bring it in for an inspection to try to get the actual value. But, Knowing that I was truthful I agreed to pay the deposit on a used vehicle with a $1000 transport fee. So $1500 deposit.
I never did get the offer after a few days so I called and we finally got it. Yeah. They were at $26500. That’s $3-6k lower than the range. And I was accurate on everything. Car is pristine shape. 2019 Q50 with 16500 miles on it.
When I asked guy what was up he was like. Yeah we told you it wasn’t guaranteed and could change. Market conditions change daily. I’m like change from 2 days ago? I was so livid. IMO that’s deceptive practices. How can you give people high estimates and then tell them you won’t actually give them a value until they pay you money. Then lowball them once you know you can keep their money either way? Then to top it off when I talked to the guy about how it can make a $120 a month increase in payment and he said “it’s not really my problem, we told you it was just an estimate”.
Anyhow. Dealing with them has been a nightmare.
I got an estimate of 28600-31600. That’s about the range of other places. Carmax was as high as $32600 but other places were as low as $29200. So I figured that was in range. I hate not knowing every step of the way hope things play out so I called to try to get a feel for how often they deviate from the estimate. He said not often unless something comes back that I lied about. I even offered to bring it in for an inspection to try to get the actual value. But, Knowing that I was truthful I agreed to pay the deposit on a used vehicle with a $1000 transport fee. So $1500 deposit.
I never did get the offer after a few days so I called and we finally got it. Yeah. They were at $26500. That’s $3-6k lower than the range. And I was accurate on everything. Car is pristine shape. 2019 Q50 with 16500 miles on it.
When I asked guy what was up he was like. Yeah we told you it wasn’t guaranteed and could change. Market conditions change daily. I’m like change from 2 days ago? I was so livid. IMO that’s deceptive practices. How can you give people high estimates and then tell them you won’t actually give them a value until they pay you money. Then lowball them once you know you can keep their money either way? Then to top it off when I talked to the guy about how it can make a $120 a month increase in payment and he said “it’s not really my problem, we told you it was just an estimate”.
Anyhow. Dealing with them has been a nightmare.
Lol. I just ordered a vehicle that was in existing inventory.
Submitted trade in range this morning ($42K-$45K).
1 hour later I get the official offer of $37K. It’s a brand new 2022 electric vehicle…so my description/mileage wasn’t off.
And now they tell me the vehicle isn’t there and won’t arrive until end of February or early March. It said it was available at my delivery center (not coming soon, but available).
Very frustrating and deceptive.
Submitted trade in range this morning ($42K-$45K).
1 hour later I get the official offer of $37K. It’s a brand new 2022 electric vehicle…so my description/mileage wasn’t off.
And now they tell me the vehicle isn’t there and won’t arrive until end of February or early March. It said it was available at my delivery center (not coming soon, but available).
Very frustrating and deceptive.
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I agree. Honestly I am blown away at how bad it is dealing with Tesla. I can not believe nobody has sued them over deceptive practices yet.
Where did you see the range? I uploaded the pictures in Tesla app and it just says trade in offer pending. Don’t see any estimated range. I have a Y on order, will they give me a concrete trade in value closer to my delivery date?
Teedub21
Member
Makes a person wonder if they’re intentionally hitting trades $3-$5k lower to make up for the lowered Tesla prices.
I truly believe Tesla’s “trade-in” evaluation is a bait and switch.
Prior to ordering, I did a Tesla trade in eval. Offer was $44-$49k. Price range looked good, car is in excellent condition, maybe I’ll get somewhere in the middle, worst case I’ll take $44k. I place the order, pay the $250 fee.
Over the last 4 weeks I have continuously re-checked Tesla’s trade in value, and each time, the same ball park figures.
The other morning, I woke up, checked the value, and the same numbers. Later that afternoon I get a text from Tesla telling me my offer is ready…it’s $38k. $6k LESS than what they have been telling me. I responded with the info I have stated above and requested my $250 back, as I would not have placed an order with a $38k offer.
I re-checked the trade value on their site moments after their $38k offer, and have checked every day since…and it still shows $44-$49k. They clearly know they won’t pay over $38k for my car yet they still advertise they will, and refuse to give me back my $250.
This in my mind is classic bait and switch and exceptionally misleading at best.
I can’t believe they have not had legal consequences over this.
Prior to ordering, I did a Tesla trade in eval. Offer was $44-$49k. Price range looked good, car is in excellent condition, maybe I’ll get somewhere in the middle, worst case I’ll take $44k. I place the order, pay the $250 fee.
Over the last 4 weeks I have continuously re-checked Tesla’s trade in value, and each time, the same ball park figures.
The other morning, I woke up, checked the value, and the same numbers. Later that afternoon I get a text from Tesla telling me my offer is ready…it’s $38k. $6k LESS than what they have been telling me. I responded with the info I have stated above and requested my $250 back, as I would not have placed an order with a $38k offer.
I re-checked the trade value on their site moments after their $38k offer, and have checked every day since…and it still shows $44-$49k. They clearly know they won’t pay over $38k for my car yet they still advertise they will, and refuse to give me back my $250.
This in my mind is classic bait and switch and exceptionally misleading at best.
I can’t believe they have not had legal consequences over this.
Get other offers, sell to the highest. That's what we did.
whisperingshad
Active Member
Just sell it somewhere else....You dont have to trade in....problem solved
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