Welcome to Tesla Motors Club
Discuss Tesla's Model S, Model 3, Model X, Model Y, Cybertruck, Roadster and More.
Register

How long for Tesla to send payment for trade-in payoff?

atheurer

Member
Dec 5, 2020
20
6
Austin, TX
For those of you who have traded in a vehicle when purchasing your model Y (or I guess any other model), how long did it take for Tesla to pay your lien-holder of your trade-in vehicle? I took delivery on December 29th. Just wondering how long this might take, as it's usually immediate with regular dealers. I don't mind a couple more days, but I don't want to be paying interest on a loan for a car I do not have, especially since I had to pay interest on the new car for a few days before I took delivery.
 

acarney

Active Member
Jul 9, 2019
2,433
1,498
Richland, WA
For those of you who have traded in a vehicle when purchasing your model Y (or I guess any other model), how long did it take for Tesla to pay your lien-holder of your trade-in vehicle? I took delivery on December 29th. Just wondering how long this might take, as it's usually immediate with regular dealers. I don't mind a couple more days, but I don't want to be paying interest on a loan for a car I do not have, especially since I had to pay interest on the new car for a few days before I took delivery.
Stay on it with Tesla, some people have reported taking 2+ months...
 

Raechris

Member
Nov 21, 2017
643
298
Boston
For those of you who have traded in a vehicle when purchasing your model Y (or I guess any other model), how long did it take for Tesla to pay your lien-holder of your trade-in vehicle? I took delivery on December 29th. Just wondering how long this might take, as it's usually immediate with regular dealers. I don't mind a couple more days, but I don't want to be paying interest on a loan for a car I do not have, especially since I had to pay interest on the new car for a few days before I took delivery.
Took delivery on 12/16 and Chase (Tesla loan) was paid on 12/23. Interest was about a dollar a day.
 

About Us

Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.

Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


SUPPORT TMC
Top