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Trade-In Experience

Discussion in 'Model 3: Ordering, Production, Delivery' started by DetTigers, Jul 17, 2018.

  1. DetTigers

    DetTigers Member

    Joined:
    Jul 6, 2018
    Messages:
    28
    Location:
    Michigan
    Those of you who traded in a vehicle to Tesla- what the process like? At what point did you fill out the questionnaire and submit pictures to get a quote? Was it well before you got a VIN/delivery date? Was Tesla’s offer in the ballpark of what other dealerships would offer? Similar to KBB trade in value?
     
  2. Plan B

    Plan B Active Member

    Joined:
    May 8, 2015
    Messages:
    4,097
    Location:
    EARTH
    Tesla usually offers a few thousand under wholesale. You are better off selling it yourself.
     
  3. Trevor B

    Trevor B Member

    Joined:
    Apr 2, 2016
    Messages:
    997
    Location:
    USA
    Low ball offers for the most part ... :rolleyes:
     
  4. Waited756days

    Waited756days Member

    Joined:
    Apr 28, 2018
    Messages:
    13
    Location:
    Redmond, WA
    I traded in my 2014 Ford Focus Electric and Tesla gave me more than I paid for it 16 months earlier. No complaints here.
     
  5. voltaren

    voltaren Member

    Joined:
    Feb 16, 2017
    Messages:
    241
    Location:
    Annapolis, MD
    If you trade in a Tesla, they severely lowball you... I was lowballed by about $20k. Makes me wonder why anyone would trade in their Tesla for a new one.

    If it’s not a Tesla, they told me they used Carmax who ultimately receives the car. Tesla handles it to deduct the trade-in in case your state allows a trade-in reduction on sales tax.
     
  6. dixosw

    dixosw Member

    Joined:
    May 16, 2018
    Messages:
    43
    Location:
    Orlando
    I requested a trade-in with Tesla and they text your a URL to complete the process, upload pics etc. Offer arrived next day and was lower than expected. Surprisingly, CarMax was even lower so perhaps their offer wasn't too low after all. In the end, I declined the trade-in and went with Carvana for $1500 more. Once the (lack of) trade-in with Tesla was sorted I got a VIN and delivery date within a couple of days. Delivery is scheduled for next week.
     
  7. soulstar

    soulstar Member

    Joined:
    Jul 9, 2018
    Messages:
    22
    Location:
    California
    The trade in option is available for you to action when it's very close to delivery time. A lot of folks will say they lowball but my guess is that whatever they use to determine their offer value depends on the region. Me for example, Tesla was the highest offer. They offered 1.5k over what Carmax and Carvana offered. Tesla was in the midrange of the KBB value while Carmax was way below value.

    Your ISA will let you know when it is a good time to start the trade in process started. It's valid for 1 week after their offer so this is the reason why they don't want you to start the process until delivery date is closer.
     
  8. Quahog70D

    Quahog70D New Member

    Joined:
    Mar 17, 2019
    Messages:
    1
    Location:
    United States
    I'm supposed to pickup a CPO 2015 MS 70D this coming Saturday...

    Reading all the comments on TMC around the CPO pickup experience has me concerned it's going to be more of a stressful day...

    Curious what experience folks have had on delivery day with their trade-ins... mine is an older, high mileage Volt (e.g. 150k) and like what others have indicated- the offer is low but not worth fighting over... The last thing I want is to get nit-picked over condition, cosmetics etc. over a $2600 trade...

    What is the processes TSLA uses at drop-off of a trade-in? It sounds like it's just a drop off then go to delivery- which sounds too good to be true- but I could see it due to the wholesale element of their trade-in strategy.
     
  9. Gpa9504

    Gpa9504 Member

    Joined:
    Jan 27, 2018
    Messages:
    148
    Location:
    USA
    I’m doing a trade in. The process was super easy. In my case it’s a Jaguar and not a Tesla. I was actually shocked by the good offer I received. I had the car for sale on the Jag forum for only $3k more than they offered. I can’t respond about how the actual transaction goes but will let you know once my 3P is delivered! One other note, after I received and approved the offer- my sales person called and said they actually raised the offer. And that was verified on my Tesla account. So that was cool.
     
  10. i-am-ai

    i-am-ai Member

    Joined:
    Mar 7, 2019
    Messages:
    5
    Location:
    Indiana
    On my trade-in the offer was mid-rake of KBB (the rep mentioned thats the guideline they use). Took it to carmax and surprisingly got a nice offer. Took the appraisal to Tesla and they matched it. Tried selling private snd didn't see movement :(. In my case tesla trade-in worked out the best.
     

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