TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Trade-In: What Pictures Do I Need?

Discussion in 'Model 3: Ordering, Production, Delivery' started by the_danimal, Jul 20, 2018.

  1. the_danimal

    the_danimal Member

    Joined:
    Jun 28, 2018
    Messages:
    172
    Location:
    Herndon, VA
    Haven’t been asked to move to the next step but wanted to take the necessary pictures anyway.

    For those whom have traded in their vehicle, what pictures do they ask for (e.g., angles, interior, etc.)?
     
  2. Laver

    Laver Member

    Joined:
    Jul 13, 2018
    Messages:
    27
    Location:
    CA
    • Front at an angle
    • Side straight on
    • Rear at an angle
    • Full dashboard
    • Title of car
     
    • Informative x 2
  3. Trips

    Trips "Boring bonehead questions are not cool. Next?"

    Joined:
    Sep 22, 2015
    Messages:
    832
    Location:
    Omaha, NE
    Are they asking for a CarMax quote?
     
  4. OmahaG8

    OmahaG8 Member

    Joined:
    Jul 7, 2018
    Messages:
    63
    Location:
    Omaha
    What if I currently owe $8k on my trade in, and technically do not possess the title (though it is from the same credit union I will be financing the Model 3 with).
     
  5. the_danimal

    the_danimal Member

    Joined:
    Jun 28, 2018
    Messages:
    172
    Location:
    Herndon, VA
    Super helpful, thanks!!
     
  6. Snow Drift

    Snow Drift Slip Start: [Activated]

    Joined:
    Feb 10, 2016
    Messages:
    865
    Location:
    Long Island
    Not sure if NE is different, but in New York, the buyer receives the Title in the mail but it states who the lienholder is, ie. Chase Financial. It is probably a copy, but you still have it in your files.

    I would call your CU and see if they can send you a copy.
     
  7. Ejl80

    Ejl80 Supporting Member

    Joined:
    Dec 23, 2017
    Messages:
    320
    Location:
    Nj
    Most states you don’t get a title until the lien is satisfied.
     
    • Informative x 1
  8. Laver

    Laver Member

    Joined:
    Jul 13, 2018
    Messages:
    27
    Location:
    CA
    My trade-in was financed in Florida and has outstanding payments, the finance company kept the title and sent me a certified copy when I asked. So I took a picture of that.
     
  9. ChrisH

    ChrisH Member

    Joined:
    Jun 4, 2013
    Messages:
    858
    Location:
    Milton, wa
    Interesting list of pics. What can they possibly see from so few pics or do you mean two pics of the front at angles and same for the rear and both sides?

    What if the windshield is half cracked? I guess they would see that in the front pic though.
     
  10. towndrunk

    towndrunk Member

    Joined:
    Jun 2, 2018
    Messages:
    17
    Location:
    Fargo, ND
    Did anyone think Tesla's quote was fair? Since nobody's taking the car for a test drive, I can't help but think they're going to low ball me.
     
  11. svp6

    svp6 Member

    Joined:
    Sep 6, 2014
    Messages:
    528
    Location:
    MN
    They will. But the same will happen with any other car dealer when you trade in. Best is always to sell private. So the question is do you want to deal with the hassle of selling on your own, or can you accept the lower price? This depends on so many things....

    You can get quotes from CarMax or other traders. I found them in the same ballpark with Tesla. When I traded in our previous car, I am quite sure we lost few thousands - but the experience was flawless. Turn in the keys and title, get going in the new car.

    I think also the hit is higher if you trade in a relatively new car - see all the threads when people upgraded when they first launched the P85D. Most of the S85 owners thought the offer was too low.
     
  12. Snow Drift

    Snow Drift Slip Start: [Activated]

    Joined:
    Feb 10, 2016
    Messages:
    865
    Location:
    Long Island
    It’s CarMax who takes the used cars for Tesla. That’s why they give similar quotes.

    You also benefit from reducing your taxable price of the car when you trade in. So take that savings into account when comparing to a private buyer.
     
  13. Autolycus

    Autolycus Member

    Joined:
    Apr 1, 2016
    Messages:
    39
    Location:
    ATL
    That is true in most, but possibly not all, states.
     
    • Informative x 1
  14. ForeverFree

    ForeverFree Supporting Member

    Joined:
    Jul 9, 2015
    Messages:
    513
    Location:
    Sherman Oaks, CA

    Definitely not in California. No offset.

    And, here in LA County, sales tax is almost 10%. It's painful.
     
    • Informative x 1
  15. rlb4

    rlb4 Member

    Joined:
    May 22, 2018
    Messages:
    81
    Location:
    Northern NJ
    [/QUOTE]
    Doesn't selling the car on your own and using that $ as a down payment reduce the taxable price of the car also?
     
  16. TT97

    TT97 Member

    Joined:
    Aug 6, 2017
    Messages:
    842
    Location:
    Los Angeles
    Six and a half states don't have trade-in tax credits - California, Hawaii, Maryland, Kentucky, Michigan, Virginia and Washington DC.
     
    • Informative x 1
  17. ChrisH

    ChrisH Member

    Joined:
    Jun 4, 2013
    Messages:
    858
    Location:
    Milton, wa

    Doesn't selling the car on your own and using that $ as a down payment reduce the taxable price of the car also?[/QUOTE]

    No. Not in WA state at least. Tax is calculated before the down payment reduces the loan price.
     
  18. rlb4

    rlb4 Member

    Joined:
    May 22, 2018
    Messages:
    81
    Location:
    Northern NJ
    So in all except the above 6 states, the taxable sale price is reduced only by a trade in NOT a down payment?
     
  19. Ejl80

    Ejl80 Supporting Member

    Joined:
    Dec 23, 2017
    Messages:
    320
    Location:
    Nj

    Right. Down payment does not reduce your sales tax liability. Though NJ doesn’t collect sales tax on EVs
     
  20. ChrisH

    ChrisH Member

    Joined:
    Jun 4, 2013
    Messages:
    858
    Location:
    Milton, wa
    WA previously exempted the first $32000 of an EV from sales tax which was huge here because sales tax is 10% ($3200 savings) but it expired and our government failed to extend it.
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC