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Way better trade-in price from Tesla than from CarMax

BrianDunning

Member
Mar 1, 2020
20
6
Bend, OR
I was trading in a beater 2013 Golf R with 100K miles. Tesla gave me $13,700 for it, and CarMax offered only $11,400. Giant surprise to me, as CarMax has always been VERY good to me with the prices they've paid.

Data point for you, hope it's helpful to someone.
 

jjrandorin

Moderator, Model 3, Tesla Energy Forums
Nov 28, 2018
7,197
7,979
Riverside Co. CA
Its not a full Tax Credit. Its an incentive for trading in your car.

If your location is actually "los angeles" like you say, there is ZERO tax benefit for trading in your car to a dealer anywhere in california. If you recently got here from another state that does that, then maybe that would surprise you. If your not in LA anymore and in another state, it might be the case there...

California is NOT a state that gives any sort of tax credit / money off taxes for trading in a car.

Back to OP post... Thanks for sharing your data point! It seems to me from reading here, that tesla many times gives better than average trade in values for NON tesla cars, and worse than average trade in values for tesla cars.... which is the opposite of a traditional dealer.

Traditional BMW dealership will normally give more on a trade in than a Merc dealership would, on a BMW for example. Not always, but if the car was clean, and they wanted to sell it, having nice used cars for their used car dealership would make them sometimes give a better value.

Tesla doesnt want either used teslas or used non tesla, but seems to put a premium on "getting you into the brand" so to speak.
 

tilt

Member
Feb 27, 2020
77
68
KC Metro Area
I haven't had good luck at CarMax. First time I tried them they offered $2800 on a '98 Buick LeSabre. I sold it on CL for $4200 to the first guy that looked at it.

Second time was on Wednesday when I took in our 2019 Leaf that we were trading on a M3. Tesla offered $22300, Carmax offered $21500.
 

lUtriaNt

Member
Mar 16, 2020
614
541
Los Angeles
i wanted to trade my car into tesla to keep things simple. their offer was low. i went to carmax and they gave me the same offer. i THEN went to carvana and they gave me 4000$ MORE.
 

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