If I got in to the Tesla ecosystem does anyone know if their trade values are higher for their own brand? I was shocked how terrible my lexus(10k under kbb) and bmw(20k under kbb) value was. The lexus was a 2013 and I wasn't too appalled by that one. But any other normal car dealer will typically give you kbb value.
Tesla trade-in value on their own car brand Tesla? higher value or no?
- Thread starter m888x
- Start date
In my experience, no. I got a much better trade value on my Model S when I traded it off for a Lexus.
They don’t want to be in the used car business. Carvana has paid the most in my experience.
Interesting. I just traded my ModS to Tesla for a MODX and Tesla gave me a higher trade value than anyone else I checked with though still below KBB value. The consensus was that Tesla values have dropped due to low gas prices and bad economy.
scsmx
Member
Tesla is offering me more than Vroom for my 16’ MX. When I get a delivery date, I will probably check Carmax.
Trading in a '14 Subaru Crosstrek Hybrid.
Tesla - $7,500
Carmax - $8,000
Carvana - $9,982
Tesla - $7,500
Carmax - $8,000
Carvana - $9,982
I noticed if you trade in a Tesla to Tesla they will give you the best price. If you trade in non Tesla they will prob give you the worst price.
I think this sounds about right. It's still not a great trade in price but it will be better than other dealers.
willow_hiller
Active Member
I imagine this is also influenced by what options/packages you have. Tesla knows exactly what FSD and the PUP are worth, where a third party wouldn't necessarily.
I don’t believe Tesla is actually taking the trades in most cases anyway. When I was attempting to trade a Grand Cherokee for a Model X last year (the sale ultimately reversed because the X was damaged and I refused delivery) I noticed that the paperwork for my trade in stated that I was actually selling the trade to Manheim Auto Auction.
Tesla offered the lowest trade on my 2015 MS when I bought my 2019 M3. Carmax was the same as Tesla. Vroom slightly higher. Carvana was $2,800 higher than all others.
Uncle Paul
Well-Known Member
No legacy dealerships go by ebb anymore. Most use auction prices, less their expenses for taking it in and processing the sale.
Tesla uses a similar program.
Wholesalers can often offer more if they are going to put your car on their lot for retail sale.
Legacy dealerships will often quote you a higher trade in value, then make their profit off the sale of one of their cars, financing etc.
Tesla uses a similar program.
Wholesalers can often offer more if they are going to put your car on their lot for retail sale.
Legacy dealerships will often quote you a higher trade in value, then make their profit off the sale of one of their cars, financing etc.
Yeah, in my example I had to go used because they offered 30k higher than Tesla, lol. (KBB good condition) which is what I demand for any trade at-least. Their vehicle was also priced appropriately...
If shopping for one of latest Model year's I don't see a good reason to go through Tesla if you are trading in.
If shopping for one of latest Model year's I don't see a good reason to go through Tesla if you are trading in.
ReyesOzaeta
2019 Raven Model X LR
We traded our 2006 Lexus RX 400h with 150k miles for a brand new MX. Caravana assessed for 7.5k, We Buy Any Car assessed for almost 8k and KBB near 8k as well. BUT, when they actually came in and assessed the car in real life, these were the results...caravana-3.5k, WeBuyAnyCar-2k, KBB (thru authorized dealership)-2.9k. So we were nervous when we picked up the car at Tesla that it might be lower. But, when we arrived at Tesla, we signed the documents,showed us our new MX and oriented us with the functions, then they asked us to get all our stuff out for the Lexus
then asked to leave the keys in the drop box. The paper work we signed has the 6k deducted in the price. It wasn’t changed since we ordered in late July2019. We picked up the MX late August2019. That was a fast and easy trade. They didn’t even eyeball the Lexus as if it’s worthless to them.
X-Man
Member
Not sure what you ended up getting, but CarMax was 5k lower than what Tesla offered. I'm waiting on Carvana now.
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