TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Ordering online: trade-in estimate

Discussion in 'Canada' started by Pilot7478, Apr 20, 2018.

  1. Pilot7478

    Pilot7478 Member

    Joined:
    Mar 13, 2018
    Messages:
    174
    Location:
    Toronto, ON Canada
    Toronto:

    I'm about to order a model X.
    Got very low estimate for my trade-in when I did a test drive at Lawrence location.
    The estimate was 2K lower than a "low price" canadian black book value.
    My car is in perfect condition with very low mileage and no accidents.

    I'm wondering what happens when someone puts an order online instead of a delearship?
    During the online ordering process they ask if I'm going to trade-in my car.
    Did anybody go through this process in Toronto area?
    How do they do the trade-in estimate for online orders?
    Will I get a call from the same Lawrence location (closest to me) asking to come over for the estimate or will there be some other process?

    Thank you!
     
  2. Tony_YYZ

    Tony_YYZ Tezler Guru

    Joined:
    Apr 7, 2016
    Messages:
    1,859
    Location:
    Caledon, ON Canada
    They ask you a series of questions about the car and then ask for a set pictures from specific angles. They send that info to whatever third party they are using and then come back to you with a figure.
     
  3. sakimano

    sakimano Active Member

    Joined:
    Mar 20, 2017
    Messages:
    1,371
    Location:
    Ontario, Canada
    That wasn't my experience.

    They asked the basics about the car (vin, kms etc ) and then wanted to check it out in person. Mine was a tesla model s so perhaps that's why it's different.

    The price they offered was reasonable.

    Basically it was similar to market value when you factor in HST offset. I'm sure I could have sold it for a fee grand more open market but then when you factor in losing HST offset, and the fact that I'd have to talk to and meet with a dozen strangers about my car and waste a bunch of time...no thanks. I just traded it in.
     
  4. oakvillemike

    oakvillemike Member

    Joined:
    Mar 27, 2018
    Messages:
    214
    Location:
    Oakville, Ontario
    Sold my car privately once - worst experience ever. Not worth the time commitment either. Glad to hear I have a shot at a reasonable trade in value!
     
    • Like x 1
  5. Pilot7478

    Pilot7478 Member

    Joined:
    Mar 13, 2018
    Messages:
    174
    Location:
    Toronto, ON Canada
    My car is Audi A6. Will see how it will go with online ordering. Hopefully I'll get a better value from that "other" company.

    Now I'll need to find an unused referral code to get the free supercharging and some credit (500 or 700$ - not sure exactly)...
     
  6. 03DSG

    03DSG Active Member

    Joined:
    Apr 5, 2016
    Messages:
    2,122
    Location:
    Ontario
    Tesla only deals with trade-in’s to accommodate a sale. They wholesale out trades so the 2k lower for an A6 is probably close to the spread between wholesale and retail. You could do better privately if the difference is worth the hassle.

    Trade Ins

    Trade Ins

    Tesla accepts trade-ins towards the purchase of a Tesla in most states. To obtain a quote, log into your Tesla Account to submit your current vehicle information, or contact your Owner Advisor or Delivery Experience Specialist. Tesla will help coordinate an in-person vehicle inspection before providing you with an official trade-in offer. Quotes and offers are usually valid for a limited amount of time or miles driven.

    Our trade-in values are typically lower than those quoted online for private party sales. The difference is intended to cover the cost of selling your trade-in to another buyer.
     
  7. realtycoon

    realtycoon Member

    Joined:
    Apr 5, 2016
    Messages:
    249
    Location:
    Toronto
    I found the trade in value to be very low. But generally dealers lowball on trade-ins.
     
  8. Pilot7478

    Pilot7478 Member

    Joined:
    Mar 13, 2018
    Messages:
    174
    Location:
    Toronto, ON Canada
    That's right, I know it's going to be lower than a private sale.
    Black book gives a range for trade in with the higher range value to be approaching the private sale value. The range is about 5-6K in my case.
    Tesla gave me estimate that was 2K lower than black book lower end which was in my case about 7K lower than what a private sale would be.
    I'm perfectly fine when a trade in value is about 3K lower than a private sale would be for a car in a perfect condition with low mealage, but 7K is too much...
     
    • Like x 1
  9. 03DSG

    03DSG Active Member

    Joined:
    Apr 5, 2016
    Messages:
    2,122
    Location:
    Ontario
    True. Conventional dealers lowball trades, mark them up and put them used car lots. Tesla doesn't. Teslas trade in value is low as Tesla will only offer you what a wholesaler will give them for it. Your trade is gone the day you turn it in.
    The only used cars Tesla sells are used Tesla’s.
     
  10. Whisky

    Whisky Member

    Joined:
    May 12, 2017
    Messages:
    237
    Location:
    Toronto, ON
    So long as you're factoring the 13% of additional savings of the trade-in you won't be paying in HST, and the numbers don't work for you, then great. I had a similar discrepancy but it all worked out with the HST savings. Private selling cars is definitely a pain
     
  11. Vawlkus

    Vawlkus Active Member

    Joined:
    Feb 28, 2017
    Messages:
    1,372
    Location:
    Halifax
    Mine is unused if you want it.
     
  12. Pilot7478

    Pilot7478 Member

    Joined:
    Mar 13, 2018
    Messages:
    174
    Location:
    Toronto, ON Canada
    Hi Tony_YYZ, did you go through this process? How was the price they sent you?
     
  13. Tony_YYZ

    Tony_YYZ Tezler Guru

    Joined:
    Apr 7, 2016
    Messages:
    1,859
    Location:
    Caledon, ON Canada
    I just went through the pricing process. Haven't traded it in yet. But I'll likely have to go through it again since the quote is only valid for 30 days.

    The price they offered me was within about $1000 of what I was looking to get privately, after you took the HST advantage into it. My car is a 2009 model as well.
     
  14. madmax240

    madmax240 Model S 100D

    Joined:
    Jan 15, 2018
    Messages:
    47
    Location:
    Russell, Ontario
    Similar experience here. About 3k lower for my 2017 ram with another dealer in Toronto.
    Was happy to unload it without having to do it myself.
    Trade was to the model s.
     
  15. Pilot7478

    Pilot7478 Member

    Joined:
    Mar 13, 2018
    Messages:
    174
    Location:
    Toronto, ON Canada
    Just wanted to thank you everybody who sent me their codes!
    Just placed an order with one of them (I've contacted the referring person).

    The strange thing is that the system does not accept VIN of my trade-in in my account. Gives me an error that VIN is invalid.
    I guess I'll need to contact somebody at Tesla regarding this problem...
     
  16. Vawlkus

    Vawlkus Active Member

    Joined:
    Feb 28, 2017
    Messages:
    1,372
    Location:
    Halifax
    Well rats. I was hoping to grab that free HPWC. Ah well, I’ll keep tryin’ :p
     
  17. Letin

    Letin Member

    Joined:
    Apr 30, 2018
    Messages:
    36
    Location:
    Vancouver, BC
    Same experience here in Vancouver, much lower (15%-20%) than lowest black book value through Tesla
     

Share This Page

  • 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