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Tesla does not have a used car lot like other dealers so does not have any way to make extra money on trade-ins. Any non-Tesla it takes in trade is sold wholesale. They will take trades but don't usually give top dollar. You will most likely get a better price selling private party. Some people have used CarMax but my experience has been that they don't offer very good prices.Has anyone traded in a vehicle when purchasing their Tesla? Do they provide good value for the trade in?
I'm debating whether to do this when getting my model 3 or just selling my current VW privately/myself.
There are many states that do not net the trade-in with regard to sales tax. California is one of them. Sales tax still applies on the full price of the Tesla.Well the trade-in will reduce the sales price which will lower your sales tax. Unless your state has exemptions for tax on vehicles, this might work out better.
It depends on what you have but I had good luck with selling through Pedal.com. I live in Missouri and had a Ford Escape with a dead transmission. The local offers were only $500. On Pedal they sold it to someone in Texas and I received $1700. I would say 99% of the time you get more selling it yourself.
If it's one of those VW's, you'll do better selling it back to VW.
Robin
Tesla is very low even compared to the other wholesaler/trade-ins. I don't think they care to have that as part of their business model, so it has to be really worth it.
Some numerical data on my recent offer for a 2013 Honda Odyssey Touring (as a trade in for the X):
KBB trade-in value: $26,500-27,500
KBB private party value: $28,500-29,950
Tesla's offer: $24,000
Local dealer's cash offer: $26,000
CarMax offer: $27,000
It depends on what you have but I had good luck with selling through Pedal.com.
Um, that's a workout class website.