I've been looking at my options of potentially upgrading to a new Model 3 and so requested a trade-in valuation of my December 2016 Model S P90 upgraded to HW3 and MCU2 and has Enhanced Autopilot. I purchased this from Tesla directly 18 months ago for £37,000 and paid about another £2000 for the hardware upgrades and have not had any accidents in it and just had a couple of minor sensor issues which Tesla fixed.
Their trade-in valuation just came through and was £13,875.
Now I understand that Tesla has no responsibility to make a good offer or even any offer at all, but given that the vehicle is worth something like £30k privately and given that they would be making a sizeable profit off the purchase of a new Model 3 it seems incredibly insulting to me to make such an offer. Worse is that is basically sending me the signal that their vehicles are an absolutely terrible investment and will almost immediately become worthless after purchase. Given this, why would I ever purchase another Tesla, let alone trade-in my current one to them?
In a best case scenario the vehicle just lost £9k (25%) in value in just 18 months, but according to Tesla themselves it lost £25k (65%) in value in that time.
I just can't wrap my head around it. No one in their right mind would accept that offer. So why even make the offer at all? Why even offer a trade-in when all you are doing is slapping your existing custom in the face who's shown an interest in purchasing a new vehicle from you. It's making me want to sell my Model S immediately (not to Tesla) and never buy a Tesla product again.
Anyone have an insight on this? I just can't even...
Their trade-in valuation just came through and was £13,875.
Now I understand that Tesla has no responsibility to make a good offer or even any offer at all, but given that the vehicle is worth something like £30k privately and given that they would be making a sizeable profit off the purchase of a new Model 3 it seems incredibly insulting to me to make such an offer. Worse is that is basically sending me the signal that their vehicles are an absolutely terrible investment and will almost immediately become worthless after purchase. Given this, why would I ever purchase another Tesla, let alone trade-in my current one to them?
In a best case scenario the vehicle just lost £9k (25%) in value in just 18 months, but according to Tesla themselves it lost £25k (65%) in value in that time.
I just can't wrap my head around it. No one in their right mind would accept that offer. So why even make the offer at all? Why even offer a trade-in when all you are doing is slapping your existing custom in the face who's shown an interest in purchasing a new vehicle from you. It's making me want to sell my Model S immediately (not to Tesla) and never buy a Tesla product again.
Anyone have an insight on this? I just can't even...