Trade In Offer

[Blubrown21]

My trade in offer expires Feb. 1, 2022, but my delivery is not until June 9, 2022. Can I accept the trade in offer now and would it still be valid?

I used shift.com it was the best experience and they gave me the best price.

 

[JimMay]

Sorry. Doesn’t work like that anymore.

As OP said, they already has a trade in offer and no Delivery Date in sight. They are screwed.

Just resubmit the trade in and get another offer…

 

[glide]

Just resubmit the trade in and get another offer…

You think the second offer is going to be better than the first? I don’t think you know how trade-in algorithms work.

 

[preilly44]

You think the second offer is going to be better than the first? I don’t think you know how trade-in algorithms work.

My Trade in offer for my 2020 YP with FSD went up when we had to resubmit....even though the car had another 1k miles on it....

 

[JimMay]

You think the second offer is going to be better than the first? I don’t think you know how trade-in algorithms work.

You have no idea what you're talking about. Come back in a few months to tell me I was right when trade-in values start going up again, because unless the global semiconductor shortage somehow disappeared overnight, 2022 will have fewer new cars produced than pre-pandemic and therefore used cars will continue to remain high. December through February are seasonally weak periods due to new models coming in Q4 and the rollover into a new year (making your car 1 year older based on calendar year), but this seasonality subsides in Q2 and beyond.

 

[glide]

You have no idea what you're talking about. Come back in a few months to tell me I was right when trade-in values start going up again, because unless the global semiconductor shortage somehow disappeared overnight, 2022 will have fewer new cars produced than pre-pandemic and therefore used cars will continue to remain high. December through February are seasonally weak periods due to new models coming in Q4 and the rollover into a new year (making your car 1 year older based on calendar year), but this seasonality subsides in Q2 and beyond.

Again, you don’t get how trade in algorithms work. I’m not saying the prices of used vehicles on the secondary market are not going to increase.

I’m simply saying that when a 3rd party vendor sees you entering your VIN for a quote more than once, you’re getting a lower offer. It’s basically like pulling your credit. More pulls, number go down.

 

[JimMay]

Again, you don’t get how trade in algorithms work. I’m not saying the prices of used vehicles on the secondary market are not going to increase.

I’m simply saying that when a 3rd party vendor sees you entering your VIN for a quote more than once, you’re getting a lower offer. It’s basically like pulling your credit. More pulls, number go down.

No one knows the input factors for how the various algorithms work, because that's all proprietary, if you say different you're either flat out wrong or you work for a company and have seen it. So absent that information, the only thing you can reliably state is the obvious market factors that probably go into most algorithmic models and those input factors have not changed at all.

 

[Mateo83]

I resubmitted my trade in 2 weeks after the first and price went up, then again 2 weeks later and still slightly higher than the first, Going to try a 3RD TIME when I enter my EDD

 

[glide]

No one knows the input factors for how the various algorithms work, because that's all proprietary, if you say different you're either flat out wrong or you work for a company and have seen it. So absent that information, the only thing you can reliably state is the obvious market factors that probably go into most algorithmic models and those input factors have not changed at all.

I work for a company and have seen it.

Also it’s pretty common knowledge. If you are coming back repeatedly it means you are out of options or the convenience is worth more to you than money. And there is a price to pay for that

 

[Aion]

What hassle of dealing with Tesla? You drive you car to Tesla, drop off the old one and pick up the new one. That seems like much less hassle than going to other places (assuming the price is the same) or dealing with a private party sale (which should fetch more money though).

There's also another advantage of trading in (in most states at least), and that is it'll reduce the actual sale price of your car so that your sales tax will be on the difference. This doesn't apply in some states (like California), but it does in 42 of them, including Texas. In more expensive cars it can substantially decrease your taxes.

 

[Mateo83]

Will tesla negotiate on trade in at all? Say KBB is offering 1,500 more to sell to a local dealer

 

[JimMay]

Will tesla negotiate on trade in at all? Say KBB is offering 1,500 more to sell to a local dealer

No, the Tesla trade-in is non-negotiable per Tesla SA, my understanding is they get a price sheet from their trade-in partners, which update based on various factors. Tesla doesn't hold onto the trade-in cars, but immediately pushes it through their used car partner network.

 

[BestRadar]

I was offered $45k for my 2016 Model S P90 from Tesla. I sold it in 2 days on my own for $55k so I would say sell on your own and enjoy the extra money.

 

[Mateo83]

I was offered $45k for my 2016 Model S P90 from Tesla. I sold it in 2 days on my own for $55k so I would say sell on your own and enjoy the extra money.

My delivery could be as soon as Thursday. I don't have time for that.

 

[glide]

My delivery could be as soon as Thursday. I don't have time for that.

Well that right there is the reason you get a lowball offer from Tesla and they will not negotiate.

They don’t want to be selling used cars and they known anyone trading in to them is desperate.

 

[Mateo83]

Well that right there is the reason you get a lowball offer from Tesla and they will not negotiate.

They don’t want to be selling used cars and they known anyone trading in to them is desperate.

Their offer is still better than carmax.

 

[glide]

Their offer is still better than carmax.

Then why do you want to negotiate with them? Take Carmax’s offer and run.