Can someone tell me financially if this trade in offer for my car from Tesla is worth it with?
Total car price for the Tesla: $53,440
Trade in offer for my car: $7321.13
I know that tax benefits from trading in to Tesla~ so that means if I take this trade in I pay $2,872.25 in taxes (Texas 6.25%)
Carmax offering: $27,000 for my car, netting me $12,000 since I have $15,000 to payoff.
So I'd put that $12000 into my down payment. But I'd pay the $3300 in taxes for the full amount of $53,440 which is $3,340.00
Any input would be great!