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Dante,I'm curious about this, if you do a trade in, does the trade in value get removed from the pre-tax amount on the new car? I thought I read this somewhere (ie you save the tax on the trade in value taken off the new vehicle?).
YesI'm curious about this, if you do a trade in, does the trade in value get removed from the pre-tax amount on the new car? I thought I read this somewhere (ie you save the tax on the trade in value taken off the new vehicle?).
Depends on the options the car has. A new M3 SR+ starts at $39,190 but can climb to as much as $43,690 retail without FSD or $51,690 with FSD.36600 is pretty good when a new one is 37900.
Depends on the options the car has. A new M3 SR+ starts at $39,190 but can climb to as much as $43,690 retail without FSD or $51,690 with FSD.
Pretty good. NJ seems to have the best EV rebate/credit program of any state.I would get $5k from NJ as a rebate for EV
Pretty good. NJ seems to have the best EV rebate/credit program of any state.
They stopped doing that over a year agoNot sure if they do it up in CAN, but you can check with a CARMAX or something similar and get a quote for trade in and Tesla will match it!
Is that taking into account the tax savings from Tesla? I feel like I would compare "Trade in" quotes differently than "buy your car outright" quotes. Or am I misunderstanding how that works? Because you save the tax on the trade in value, you should add the cost of tax to the trade in quote to make it a fair comparison to the purchase?I got $35.5k from carmax for my LR RWD with 21k miles. It was $1.5k more than what Tesla offered me for trade-in.
Is that taking into account the tax savings from Tesla? I feel like I would compare "Trade in" quotes differently than "buy your car outright" quotes. Or am I misunderstanding how that works? Because you save the tax on the trade in value, you should add the cost of tax to the trade in quote to make it a fair comparison to the purchase?
I'm not sure I understand your question. But, I got a check from carmax for the difference in the remaining balance I had on my car loan. They offered me $35.5k for my car, but I had $25k payoff balance. So, I used the difference toward my down payment for my new car.
So I bought a M3 SR+ with FSD in May 2019. (Black paint, standard wheels, white interior). I paid $46,500. Tesla just told me their trade-in value for it is only $33,600. To buy a new one would cost you $49,990.So, I was curious how much Tesla would pay for my SR+ car.
They offered $36600.
Not bad. Still not worth it to pay off loan and buy a new car then add FSD on.
Can you redo your math for us with the fed and state tax incentives?So I bought a M3 SR+ with FSD in May 2019. (Black paint, standard wheels, white interior). I paid $46,500. Tesla just told me their trade-in value for it is only $33,600. To buy a new one would cost you $49,990.
I don't understand how my car depreciated 27.7% off the purchase price. Or 32.8% off the replacement value. What's more is that I got a trade-in quote on 10/16 for $34,200. They updated the quote today for $33,600. That's a $600 drop in 1 month!
I know all cars depreciate quickly in the first 1-2 years, but this seems excessive.