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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:
    16
    Location:
    South Lyon, 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:
    3,623
    Location:
    PDX
    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:
    634
    Location:
    CA
    Low ball offers for the most part ... :rolleyes:
     
  4. Waited756days

    Waited756days Member

    Joined:
    Apr 28, 2018
    Messages:
    6
    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:
    223
    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:
    26
    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:
    20
    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.
     

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