Tesla Trade-In

[Nayston]

What's the history of Tesla's trade-in offers. I have a high mileage car that I wasn't going to trade-in, but now I'm thinking I am going to. Carmax is offering $4500, however Edmunds says it's worth about $7500. I haven't taken it to Tesla yet, but just wondering if there are any people that have gotten quotes from both Carmax and Tesla and how they compare.

TIA

 

[glide]

Don’t bother with Tesla. They do not want to be dealing in used cars and their offers reflect as much.

 

[BeeGood]

You can go to their website, enter your vin and specifics about the car and they’ll give you a quote.

I got a quote for my mode 3 that was competitive between between vroom and carvana.

 

[Nayston]

Didn't even realize that they had a trade-in calculator. Thanks.

 

[Nayston]

Well, that didn't go very well. $2700 via Tesla. lol.

 

[westernvine]

Unless you have a specific tax reason to trade, avoid it and sell through another provider or private party. I ordered in October, was given a 30-day quote from Tesla, and then they reviewed it and dropped it by $3,600 in just that month, which is a big depreciation hit. I should have just sold the car in October to Vroom/Carvana/Carmax.

 

[JCtx]

Don't bother with Tesla OR Carmax. Tesla was the worst, but Carmax right behind. It was a waste of time with both. I got the highest quote with Vroom, and I'm in the process of selling them my trade. They offered 2 grand more than Tesla, and like $1,500 more than CarMax, but my car is worth almost 18 grand, so expect a lesser difference. Good luck.

 

[westernvine]

Don't bother with Tesla OR Carmax. Tesla was the worst, but Carmax right behind. It was a waste of time with both. I got the highest quote with Vroom, and I'm in the process of selling them my trade. They offered 2 grand more than Tesla, and like $1,500 more than CarMax, but my car is worth almost 18 grand, so expect a lesser difference. Good luck.

Appreciate the insight/data; just for comparison sake, at the time, Tesla initially offered me $4,000 over Vroom, which was already $500 over CarMax; however, I now realize selling to either with the new Tesla trade-in values means I'm the fool in the end, since it's been months.

When I sold a BMW 435i recently, I got the impression that the industry is a bit of a scam... maybe just because the dealerships are so corporate; I accidentally pulled a CarMax valuation for my VIN a few days before approaching the dealership; they told me, "hey, looks like you got a quote of $24,000 from CarMax recently; we'll save you the drive [20 miles away], and will match their $24,000". I was annoyed, because they must all be selling data on this sort of stuff, or all use the same algorithms and tables to value all the depreciation.

 

[CapeOne]

It's unfortunate that Tesla isn't more "on market" when it comes to trade values not only for the convenience some customers like but because most states have a sales tax advantage when trading with selling dealer/retailer e.g., a $25k trade in a 7% sales tax state could result in $1,750 in tax savings.