How does selling your car through Tesla work?

[masapo98]

Hi All,

How does selling your car through Tesla work?

Do you set a max and min sale price when you bring the car in and just trust the system to do its job? Or does Tesla set the price?

Thank you

 

[P85_DA]

You don’t sell your car thru Tesla .. u do a trade in .. they will determine trade in value

 

[masapo98]

You don’t sell your car thru Tesla .. u do a trade in .. they will determine trade in value

Thanks P85_DA! So all of the Teslas on the used inventory website are either trade-ins or leases?

Thanks again!

 

[P85_DA]

Thanks P85_DA! So all of the Teslas on the used inventory website are either trade-ins or leases?

Thanks again!

Yes trade ins, lease returns or demos

 

[TampaRich]

Tesla’s trade-in offer will be bare minimum. Get an online quote from Carvana or Zoom if you want a better deal.

 

[dragonxt]

They will also match Carmax. Might get you a couple hundred dollars.

 

[dabbler]

Sell it out right if you want what the car is actually worth based on what someone is willing to pay. Tesla quoted me $17,500 and I sold it to a private party for 10k more.

 

[TampaRich]

They will also match Carmax. Might get you a couple hundred dollars.

True. In my experience, Carmax was a few hundred more than Tesla’s offer. On the other hand, Carvana offered me $7000 more.

 

[aagosh]

Keep in mind that Tesla needs to keep at least $15k-20k margin to throw extended warranty and cover inventory costs. My lease buyback value is $42K which is much less than street price of $70K for the similar vehicle (3 year old, 45K kilometers, MX 100D)

 

[glusc2002]

Keep in mind that Tesla needs to keep at least $15k-20k margin to throw extended warranty and cover inventory costs. My lease buyback value is $42K which is much less than street price of $70K for the similar vehicle (3 year old, 45K kilometers, MX 100D)

I have 1 month till i turn my 2016 MS in to tesla and i was just simply going to upgrade to a model X, This was a lease, but the X will be purchased. Anyways, it sounds like its more reasonable to get a quote on Carvana vs just simply turning it in, is that correct?

 

[P85_DA]

I have 1 month till i turn my 2016 MS in to tesla and i was just simply going to upgrade to a model X, This was a lease, but the X will be purchased. Anyways, it sounds like its more reasonable to get a quote on Carvana vs just simply turning it in, is that correct?

I doubt you will be able to sell more than the residual ..best is turn in the lease

 

[ForTheLoveOfX]

Dang! So private resells are the most ideal? I have a local dealer who offered me $74k for my model x (2018) which has less than 5k miles

 

[phatteus]

I got $65.4 for my X on trade to Tesla. My state though only makes you pay sales tax on the net new car price (after you subtract the trade in), so that was really worth about $71k to me if someone else had given me cash.

I just found my old VIN on Tesla’s site. They started offering it for $91.5 two weeks ago but it has already fallen to $79.5 and it hasn’t sold yet. So I’m feeling pretty good about my decision to sell to Tesla, they don’t appear to be making a ton of money on this trade and I certainly had great ease trading it in to them (snap a few photos and hand over the keys).

 

[MD JD]

traded in for 19K (1K higher than carmax), sold in socal after 2 weeks for 23K (I tracked the VIN number)

 

[ForTheLoveOfX]

I got $65.4 for my X on trade to Tesla. My state though only makes you pay sales tax on the net new car price (after you subtract the trade in), so that was really worth about $71k to me if someone else had given me cash.

I just found my old VIN on Tesla’s site. They started offering it for $91.5 two weeks ago but it has already fallen to $79.5 and it hasn’t sold yet. So I’m feeling pretty good about my decision to sell to Tesla, they don’t appear to be making a ton of money on this trade and I certainly had great ease trading it in to them (snap a few photos and hand over the keys).

That is crazy! How many miles?

 

[ForTheLoveOfX]

traded in for 19K (1K higher than carmax), sold in socal after 2 weeks for 23K (I tracked the VIN number)

No way! I hadn't thought of tracking a car after selling it. Brilliantly done! What model / miles?

 

[phatteus]

That is crazy! How many miles?

about 16k miles for a 2016. It just sold yesterday and the last ask was $78.5, no idea what the final sale price was, but that price paid does include a stronger warranty than if I sold it myself, so the buyer likely was wiling to pay a little more than I would have gotten.