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Trade in ICE for CPO

Discussion in 'Model S' started by bharned3, Jan 1, 2017.

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  1. bharned3

    bharned3 Member

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    What kind of experience have you had trading in a "ICE" vehicle for a CPO with Tesla? Hopefully, at the end of this month I will start the process of buying a CPO. Just curious if Tesla gives you a fair trade in for your Ice vehicle. I heard some people saying try CarMax, but they seem to Low Ball you on the price. I assume buying from Tesla is different than other dealerships. Is there any bargaining power with Tesla and trade in's?
     
  2. Indpowr

    Indpowr Member

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    Oh its a low ball haha

    I placed an order for my 85D last night.

    I have a 2015 Benz c300 CPO w/ 15k miles fully loaded.

    Tesla was 25k (dealer network)
    Carmax was 26k
    USAA Sell my car was 29,055

    Wholesale auction prices on my car are 27-31k. I have a friend that pulled it for me. Private sell is an option too but, lose tax credits.
     
  3. bharned3

    bharned3 Member

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    ugh I was afraid of that. This will be a painful process
     
  4. mbhforum

    mbhforum Member

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    I got an estimate trade-in of my 2010 BMW 328xi of $9200 but they would need to a more formal inspection. It can only go down from there. KBB has $9200 as the lowest range in trade in, so it wasn't a good offer. I might try and see what I can get for it privately as I do have a couple of people interested. Unfortunately, CarMax doesn't have any stores in NY. I am considering taking the ferry from Long Island to CT and then it's a 30 minute drive to CarMax from there. Tesla will match Carmax prices.
     
  5. bharned3

    bharned3 Member

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    I have tried carmax twice probably 7 years ago and it was like wholesale offers. I doubt that has changed any.
     
  6. mbhforum

    mbhforum Member

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    Yeah, it will cost me $120 to take a ferry round trip just to get to Carmax and I would be pretty pissed if I did that for a low offer :)
     
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  7. Steve1081

    Steve1081 Member

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    I took my BMW to probably 6 places for trade in evaluation and they were all within 1,000 of CarMax. As others have said Tesla will match CarMax. About as fair of a trade in policy as I can think of.

    No one pays up for trades in my experience... if you want retail money you need to do the legwork and sell it retail.
     
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  8. pedriscoll

    pedriscoll Active Member

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    Tesla offered me $13000 for my 2012 Camry Hybrid with 50K miles on in in June of 2015 when I bought by 85D. Carmax offered $14000. I sold it to TruWorth Auto for $16000, which was pretty much the KBB value for a good condition car.
     
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  9. skitch23

    skitch23 Member

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    Do you have a limited timeframe to accept the offer from USAA? I'm not sure how long it will be til I get my CPO, but probably won't be til the end of the month. Ideally I'd like to sell my current car to a private party, but if I sell it too early I'll be stuck with Uber or my mom's bicycle as my primary mode of transportation. :eek:
     
  10. Indpowr

    Indpowr Member

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    I have plenty of cars to drive but, paying mine off in 2 weeks so makes it smoother. My CPO 85D comes in 4 weeks. So, I dont have a huge window on the private market..ugh
     

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