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Trade-Ins

Discussion in 'Canada' started by mknox, Aug 9, 2012.

  1. mknox

    mknox Well-Known Member

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    I believe I saw somewhere that Tesla in the US will be accepting trade-in vehicles (might have been somewhere on Tesla's own forums).

    Has this been confirmed, and anybody know if Tesla Canada be taking trades on delivery?

    Mike
     
  2. Doug_G

    Doug_G Lead Moderator

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    From Model S Deliveries - latest actual info on dates and vehicles being delivered | Forums | Tesla Motors

    That deal probably does not apply to Canada, though... so it depends on whether they've set up something similar here. I would not be surprised if trades were not available.

    All that said, I've taken to selling my vehicles personally rather than trading. It's not hard to do and you definitely get more money for your car.
     
  3. mknox

    mknox Well-Known Member

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    I've done it both ways. Sometimes trading in is just more convenient, and there can be some tax savings (sales tax is payable on the difference between the new car price and trade-in allowance).

    Mike
     
  4. KBF

    KBF Model S 2017

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    I was told that Canada would not have the same nation-wide deal that the U. S. has. It wasn't clear to me, but they said something to the effect that if I did a trade-in, I would sell locally and they would do the paperwork to reduce our taxes. Details to come later. So I'm not precisely sure how it works; from what I understand if one sells privately you can get PST but not GST off of your new car (in MB), if you go through a dealership you get all taxes off the trade-in value (or, essentially, you only pay tax on the difference). Someone else may understand this better than I do.
     
  5. 100thMonkey

    100thMonkey Member

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    in WA state, EV's are exempt from sales tax which changes the equation considerably.

     
  6. mknox

    mknox Well-Known Member

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    I just stopped by the pop-up Tesla store at Yorkdale Mall in Toronto. They have the black Performance model that was at the Get Amped event in Mississauga recently, and said that is the car they will likely keep in Toronto for test drives. (The actual Tesla store in the mall is currently under construction, and the billboard lists Tesla Motors as one of the new stores going in).

    Anyway, I asked one of the reps about trade-ins in Canada and was told "absolutely... yes".

    So it looks like we CAN trade in cars at time of purchase if we want. Good news indeed.

    Mike
     
  7. KBF

    KBF Model S 2017

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    The main difference is we won't have a Canada-wide trade-in company like in the US. As I mentioned earlier we just don't know exactly how it will work since it's not the same as a dealership model (probably).
     
  8. mknox

    mknox Well-Known Member

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    I asked the woman I spoke with about this, and specifically referenced the US-wide model in the United States, and she said they had a similar deal in Canada. She did not know who the company was. It could be a province-by-province thing... There are traditional car dealers here in Ontario who advertise that they'll pay you for your trade-in, even if you don't end up buying a new car from them. They're probably dealing with some third-party used car wholesaler I would imagine.
     
  9. clea

    clea Member

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    has anybody besides Jaff gone through or started the process of a trade-in for their S yet? I am interested but saw that the pre-delivery MVPA had the trade-in section voided out and was wondering if this is still a possibility.
     
  10. Doug_G

    Doug_G Lead Moderator

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    Hans gave me a price for my Infiniti, and I have accepted. He asked if I could trade it in right now, because he's going to be pretty swamped when the S is delivered. Unfortunately I just put Tessie to bed for the winter, so I'd have nothing to drive. So the trade hasn't actually happened yet.
     
  11. clea

    clea Member

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    In your opinion: do you think he would be open to discussing trade-ins for the GP cars yet or is it too soon to start the ball rolling? If it was interesting enough i could be open to the idea of becoming a one car family for a short period but this would have to wait until next year at least.
     
  12. Doug_G

    Doug_G Lead Moderator

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    I suspect things in Toronto are pretty darn busy right now. I'd wait until the Sigs have been dealt with.
     
  13. clea

    clea Member

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    Yes, waiting until after the new year is probably best for me as well. We might even have a Montreal service center open when it is time to deal with these things and it may be better to go through them, depending on the services provided by that location of course.
     
  14. mknox

    mknox Well-Known Member

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    Was some sort of appraisal required (i.e. did someone have to look at the car)?
     
  15. Doug_G

    Doug_G Lead Moderator

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    No, but it's a pretty low mileage car. Earliest I've ever traded.
     
  16. 100thMonkey

    100thMonkey Member

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    I asked today, and they said they are using Blue Book. I looked up the blue book for our Leaf and there is not blue book value for it at this time. does anyone know how it would be handled in this case?
     
  17. Jgdixon

    Jgdixon Member

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    Sorry, you realize this is a Canadian thread? Don't think we use Blue Book in Canada.
     
  18. Doug_G

    Doug_G Lead Moderator

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  19. Sunfishsolar.ca

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    Tesla can't give me a price on a 2010 ecoboost Ford Flex for Trade. Be waiting two weeks, can is sitting in Toronto. Like to buy the car today!
     
  20. Sunfishsolar.ca

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    All resolved! Happy with the price. Everyone from Tesla has been very attentive today. Paperwork all done, Tues is pick up day. Crazy thinking about getting something from the future!
     

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