How does trade-in work when you are taking delivery?

[HelloTak]

I’m still financing my car but I just read on my tesla account that you need to have the title in hand. How does this work on delivery?

 

[PLUGZIN]

If you get a trade-in quote from Tesla; Tesla will payoff the old loan and apply difference between trade and loan payoff as down payment on new car. I’m in CA; check with your Tesla advisor to make sure it is same for you.

 

[kazzaf]

You don't need title in hand. They will ask for loan payoff letter from your financer and finalize trade in. You just drop the car off and sign a release day of delivery.