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Trade in values seem high again ?
- Thread starter BelfastEV
- Start date
interbear
Active Member
Tesla estimating trade in for my M3 LR (2019, Red, Aeros, 17.5k miles) at £43.1k vs £40.1k at Motorway, who I’ve sold through before with excellent results. Having just ordered a MY with delivery estimated July 2022, I‘m likely to head down the trade in route but will, I assume, need to resubmit it closer to the time as the final trade in values are valid for 60 days. At least I think that’s how it works.
Yup, that's basically right.. 7 days to apply to your order, and the quote is valid for 60 days. I did note that when doing a trade in quote yesterday there was some small print that said the quote could change at any point in that 60 days, though. Not sure if that's actually ever happened though, I've not seen it said.
It's kind of interesting. If you look at the market of used cars at the moment (the picture is M3 LR), there are 2 distinct groupings, one about 5-6k higher than the other. A bit of digging suggests the higher ones are mainly cars listed at Tesla and while Tesla has put EAP on all those cars, that doesn't completely account for the gap. It's hard to imagine anyone buying a 2019 M3 LR, red with black interior, EAP and standard wheels being worth £56k even if it is lowish mileage. That car has also been for sale for some time and new that car is £60k
I'm trying to work out the thinking, if they can sell cars for that much more than the competition then they can afford to give bigger part ex valuations, but if they can sell all the cars anyway, why not just pocket the profit? Maybe bigger price increases to come which will make the used cars more appealing, maybe supply is so poor going forward they know people will buy rather than wait. I'm not complaining, both are good for my cars valuation especially if I was looking to upgrade to a newer MY, it just seems unusual.
I'm trying to work out the thinking, if they can sell cars for that much more than the competition then they can afford to give bigger part ex valuations, but if they can sell all the cars anyway, why not just pocket the profit? Maybe bigger price increases to come which will make the used cars more appealing, maybe supply is so poor going forward they know people will buy rather than wait. I'm not complaining, both are good for my cars valuation especially if I was looking to upgrade to a newer MY, it just seems unusual.
Daaaavvveee
Member
Tesla are currently offering me £50,200 for my 71 Plate LR in Blue. 5k miles.
Tempted to switch to a Y.......God damn them!
Tempted to switch to a Y.......God damn them!
WBAC offers for my ICE car I am replacing has fallen through the floor in recent weeks too, it’s a good £1500 less than it was and about £2k than even a lowish equivalent being sold on Autotrader.
Maybe something going on with them, they have got too much stock or something.
Thankfully my lease company took my deposit on credit card so I think I will sell it privately.
WannabeOwner
Well-Known Member
Do you need hatchback or tow hitch? I find the M3 much tighter to drive - as in "Like hot hatch". MY a lot less precise
Daaaavvveee
Member
Hatchback would be a bit easier (17month baby), and if the cost to change is minimal, I might jump.
Just waiting to book a test drive
interbear
Active Member
I agree with you on driving experience. Take the acceleration out of the equation and the Y is an altogether "loftier" and more sedate driving experience (in terms of height and feeling) than the M3. The lower slung M3 is planted so brilliantly on the road that you do feel that you can attack corners and enjoy it (safely of course) exactly like a "hot hatch", as you say. Although I say this after 2.5 years in my M3 and only 30 minutes test drive of the MY so I am sure that some fun can be had with it too, it's super quick after all. Just a different experience.
We are switching primarily for the hatchback, while the dog is now used to and very comfortable travelling in the rear seats of the M3, he is going to have to get used to getting stuck in the boot of the MY. I expect him to moan about this
Anyone had a final offer recently? Got a £49,500 estimate on my Jun 2020 M3LR (8k miles) and am trying to bite their hand off, however submitted all photos etc on 6th March and it still says "Trade-In Valuation in Progress". As the MYLR I am trading it in for is due 5 May - 2 Jun, I am wondering if they are holding off so the 60 days covers the entire window, but worried that the valuation may drop as a result.
Interesting. When did you request the trade in? I'm wondering if its worth visiting a showroom to obtain an updated trade in figure.I agree, hence me wanting to get it finalised
Car cost £49,300 new. (Midnight Silver, 19"). Added EAP after the fact.
What colour are you going to order for your model Y and would you consider another MSM? I'm probably going for the white as the 20" wheel contrast well.
LOL! Thanks for the info.Received estimate 2nd Mar. Added to order 6th Mar, still waiting for final offer. Going for MSM / 19" and may get the alloys powder coated. I wanted White / 20" same as you but was overruled
I'm also at risk of being overruled. Both my wife and daughter don't like the white. However, I think it looks really good - this was the car I drove yesterday.
I've been told that it will be my car, so choose whatever colour I want. However, the underlying message from SWMBO was clear
Attachments
Order the "wrong" colour (the correct one for you), then when it turns up give the Tesla team advance notice of how you're going to performatively kick up a fuss about "how could you get my order so wrong?? I'll have to accept it now, jeez!" whilst winking excessively.
Problem solved. Then it's not your fault.
Problem solved. Then it's not your fault.
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