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Tesla Low Trade-in Value

Ty_EV

New Member
Jan 19, 2020
4
2
Toronto
I have a 2020 M3 Standard Range Plus was purchased Jan 27,2020 with the added sport rims and around 30k. Was only offered $30,100 from Tesla for a car that’s only 12 months old, Elon stated on record that these cars will hold their value, losing 50% of its value after one year is mind blowing.

I weird thing about it a 3rd party used car dealer offered me more for the car at $39,000 don’t know what going on with Tesla.
 

brkaus

Well-Known Member
Jul 8, 2014
7,692
6,223
Austin, TX
Take the other offer and move on. Tesla isn’t setup to sell large number of used cars so they price low. They also will wholesale anything that isn’t fully original. So your added wheels are a negative to then.

also make sure you take into account any federal incentive in calculating your initial cost.
 
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Ty_EV

New Member
Jan 19, 2020
4
2
Toronto
Take the other offer and move on. Tesla isn’t setup to sell large number of used cars so they price low. They also will wholesale anything that isn’t fully original. So your added wheels are a negative to then.

also make sure you take into account any federal incentive in calculating your initial cost.
The rims are the original sport rims purchased from Tesla at the time of purchase
 
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Smytty

Member
Mar 3, 2020
41
39
Ottawa, ON
If you buy a new car and sell after a year, your going to live with the same problem - depreciation is greatest in the first year. Just don’t sell it yet - hang onto it for another year or two. Or sell privately if you really have to unload it.
 

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