I guess you don't get out much. 99.9% of the time Tesla, along with all of the major dealers offer the lowest trade-in values. CarMax and Carvana usually offer higher trade-ins since they work with either less overhead and or more volume of used cars.
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Trade-In Valuation in Progress
- Thread starter theslimshadyist
- Start date
Been playing this game since January - I'm still waiting on my car.
Every 30 days your offer expires and you will be asked for either new photos or simply the current milage of your trade in.
Might take a few days for them to get back to you, but you'll have a new trade-in value which will again expire in 30 days.
I've got an older car to trade in, so my case might not be representative of what you'll typically see from Tesla.
Can't remember exact number, but I think the trade-in value has decreased $1000 from the initial offer ($3500?). First re-evaluation was the big hit in value, but has held steady since.
BlackHammer
Member
I just spoke with my SA yesterday in regards to some of these same questions. Ordered a Plaid S and the delivery has fluctuated more than California shutting down and opening up during COVID…
Anyways. $11k increase over 2 months with an additional 5k miles on the X. However, I’m not expecting to get this at all. I had to send in pictures again yesterday. I was told that Tesla can’t guarantee today’s values so if the value drops $20k by the time I take delivery in October then that’s what they are going to honor. Sucks because this looks like the PEAK value for my used X. They won’t take my X early and cut me a check either
but I’m still pressing them on this option.Attachments
I just spoke with my SA yesterday in regards to some of these same questions. Ordered a Plaid S and the delivery has fluctuated more than California shutting down and opening up during COVID…
Anyways. $11k increase over 2 months with an additional 5k miles on the X. However, I’m not expecting to get this at all. I had to send in pictures again yesterday. I was told that Tesla can’t guarantee today’s values so if the value drops $20k by the time I take delivery in October then that’s what they are going to honor. Sucks because this looks like the PEAK value for my used X. They won’t take my X early and cut me a check either
Did you accept the very first trade-in valuation?
BlackHammer
Member
Nope! Told them to kick rocks
Then they called me back and told me to submit again. I accepted at the $97k offer, but I’m betting on it not being honored.
Nope! Told them to kick rocks
Then they called me back and told me to submit again. I accepted at the $97k offer, but I’m betting on it not being honored.
I think I will do the same. After 5 days I'm still sitting on their offer but didn't realize that they "could" come back to potentially increase.
Similar question I just asked another owner. Did you accept your initial offer or just kept holding out every 30 days?
Accepted original offer. It has since gone up by 100 bucks
I'm in this exact same position and I would be stupid not to take the trade in value given how many miles I've put on the car. For me to trade my car in actually gives me a net credit and my overall cost of ownership is less than what I paid in financing + tax. Only question I have is, are you able to "sell" the car back now before taking delivery?
BigNick
Infamous Fat Sweaty Guy
I checked the trade-in value about a month ago before test driving a 3 and it was something like $40K and a couple hundred.
When I checked last week, it was $43500. If they get up to $50K I might consider it, LOL.
EV-CPO.com is showing four P85Ds available from Tesla at the moment, all but one of them with higher mileage than mine, ranging from $58900 to $66100.
It's a bit nuts right now considering I paid less for my P85DL in April 2019 (thru Tesla) and it had 23K on the odo when I bought it, clean history.
The cheapest of these four has been repaired!
New & Used Electric Cars | Tesla
Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.
www.tesla.com
New & Used Electric Cars | Tesla
Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.
www.tesla.com
New & Used Electric Cars | Tesla
Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.
www.tesla.com
New & Used Electric Cars | Tesla
Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.
www.tesla.com
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BigNick
Infamous Fat Sweaty Guy
You might be right - Tesla might just be boosting their trade-in "offers" at the current time, knowing that 30 days will pass before they actually take your trade and will have a new "offer" at that time.
Might just be a way they're trying to get the old 85s off the road before the warranties expire. I still have two years left on my 8-year/unlimited mileage battery/motor warranty.
Trading into Tesla seems like a last resort. I submitted a fully loaded Launch Edition Bolt EUV for valuation, and Tesla offered $28.6k. Lol
Autonation offered $35.5k, and a couple others offered $34k. I think I'm just gonna sell privately. Aiming for at least $39k since EUVs seem to more or less be selling for sticker right now.
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