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What's it worth? 2018 M3 Long Range RWD AutoPilot

jdg52

Member
Jul 27, 2018
6
2
Toronto
Hi all,

It's time to move on from my Model 3. Wondering what kind of a price I could expect in a private sale. Autotrader asking prices range from $45-50K

2018 M3 Long Range RWD, Black on Black interior
With autopilot
Lifetime premium connectivity
18" Aeros with all seasons
18" Replika 187 with Michelin x-ice
3D maxpider mats
Front and rear sunshades

72,000KM
Battery shows 501 km at 100%

No cosmetic issues.
No accidents, clean carfax

Completely stock. No tint/PPF

Located in Toronto

Tesla offered 30K on trade two weeks ago FYI.
 

Type-S

Member
Sep 14, 2019
23
12
Toronto
There is no value for FSD or EAP from Tesla on a trade.

Agreed.

My usual sales person told me this when they low balled my trade in a few months back.

Then Elon tweeted that they will value FSD so I requested a new trade in (from a random SA this time). New price...about 15-16% lower than the previous lowball price...just months apart. He was adamant that they were now valuing FSD but it's clear that they were simply lowering the value of non FSD cars so that they could say they were assessing value on FSD. I saw a post from someone else who's trade in value dropped 21% on a non-FSD car over a similar time period....

OP - I've got a friend with a dealer's license, he could probably help you flip your car to another private buyer so you can get your tax credit. Might work out for you depending on what car you're looking at getting into next. Feel free to PM me if you want me to look into it more.
 

richyrich

Member
Apr 13, 2018
775
696
Ottawa
Hi all,

It's time to move on from my Model 3. Wondering what kind of a price I could expect in a private sale. Autotrader asking prices range from $45-50K
...
Tesla offered 30K on trade two weeks ago FYI.

I got $46k from Tesla for basically the same car (little more mileage) in September, although it was agreed a few months before - I traded on a Y. I considered it not a bad price. Your offer does seem a bit low based on that but as always, trade-in is the sure fire way to get the least money for your car - you are paying for convenience. I could have got more privately and I am sure you will - do the work or pay for Tesla to do it.

One thing to consider - about nine months before that offer, Tesla offered me $40k which I felt was way too low, so definitely keep trying - their valuations fluctuate, probably based on supply at the time.

I'm assuming you probably haven't done too badly overall if you got the Ontario $14k before green policy died here, although we early adopters did pay a lot based on todays' prices. Totally worth it though! :)
 

cdswm3

SR+
Jul 2, 2020
249
237
Canada
Agreed.

My usual sales person told me this when they low balled my trade in a few months back.

Then Elon tweeted that they will value FSD so I requested a new trade in (from a random SA this time). New price...about 15-16% lower than the previous lowball price...just months apart. He was adamant that they were now valuing FSD but it's clear that they were simply lowering the value of non FSD cars so that they could say they were assessing value on FSD. I saw a post from someone else who's trade in value dropped 21% on a non-FSD car over a similar time period....

OP - I've got a friend with a dealer's license, he could probably help you flip your car to another private buyer so you can get your tax credit. Might work out for you depending on what car you're looking at getting into next. Feel free to PM me if you want me to look into it more.

They add FSD to all the used cars and it costs them nothing. 99% of the people that buy a used Tesla would never upgrade to FSD in the future anyways. Tesla see's no value in your trade for having FSD already.
 

Tony_YYZ

Tezler Guru
Apr 7, 2016
2,198
2,340
Caledon, ON Canada
So for curiousity I submitted a request to get a Trade-In value assessment from Tesla on my Model 3.

2018 Model 3 LR RWD
Multicoat Red
No accidents
FSD
38,xxx kms

They came back at me today with a laughable offer of $23,700. It really does feel like they are actively trying to prevent people from upgrading their Tesla’s. It’s a roadblock for a new sale. I guess they don’t need the business at this point. I know people were getting double that offered amount just as late as Nov 2020 And some getting at offers of $10k more just last month (still very low).

I responded telling them that the offer was insultingly low but thanks anyway.

Cc @McFlurri
 
  • Funny
Reactions: McFlurri

dj_gon

Member
Jul 24, 2018
264
176
Markham, ON
So for curiousity I submitted a request to get a Trade-In value assessment from Tesla on my Model 3.

2018 Model 3 LR RWD
Multicoat Red
No accidents
FSD
38,xxx kms

They came back at me today with a laughable offer of $23,700. It really does feel like they are actively trying to prevent people from upgrading their Tesla’s. It’s a roadblock for a new sale. I guess they don’t need the business at this point. I know people were getting double that offered amount just as late as Nov 2020 And some getting at offers of $10k more just last month (still very low).

I responded telling them that the offer was insultingly low but thanks anyway.

Cc @McFlurri
lol, stupid me for getting FSD.... from where this is heading, I'm going to drive my m3 til it dies! Mind you I still love my model 3 very much!
 
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Reactions: Tony_YYZ

richyrich

Member
Apr 13, 2018
775
696
Ottawa
It’s not that they don’t want business, they can’t handle the used market or more inventory than the new deliveries.

Yep. Trades are a ton of work, that's why most dealers just sell on to a wholesaler without even touching it. The only reason you seem to get decent trade prices anywhere is when they're taking it back with the other hand.

Sell privately if you want a decent price for your car!
 
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Reactions: Vawlkus

Tony_YYZ

Tezler Guru
Apr 7, 2016
2,198
2,340
Caledon, ON Canada
It’s not that they don’t want business, they can’t handle the used market or more inventory than the new deliveries.

Yep. Trades are a ton of work, that's why most dealers just sell on to a wholesaler without even touching it. The only reason you seem to get decent trade prices anywhere is when they're taking it back with the other hand.

Sell privately if you want a decent price for your car!
Any source on that? I see this statement made a lot but haven’t seen any evidence to support it. We are in Q1, their slowest time of every year. Yet somehow the trade in values have cratered ~50% in just a two-three month timeframe? There is something else going on because in the US, they are definitely getting closer to market value. A friend of mine just got a quote for his 2018 LR RWD with more mileage than mine and was offered $38k USD which is right around private market value here after currency conversion. Yet all the recent stories in Canada are just laughable numbers. If they don’t want to accept trades then they should just stop instead of wasting everyone’s time with these incredibly low numbers. Again, I have no horse in this race right now but I am definitely on the side of seeing things get better for others.

Tesla also wholesales trades. They don’t keep nor sell every car they take in. So to keep hearing this argument about how it’s such a burden for them is quite puzzling. They are just shuffling paperwork around to facilitate them.

If I were to agree to their laughable offer, they’d likely turn around and list my car for sale for around $50k on their used site with very little to no money in on it from them due to the great condition of my car. Otherwise they’d just send it off to their wholesaler and not do anything at all except some paperwork.
 
So for curiousity I submitted a request to get a Trade-In value assessment from Tesla on my Model 3.

2018 Model 3 LR RWD
Multicoat Red
No accidents
FSD
38,xxx kms

They came back at me today with a laughable offer of $23,700. It really does feel like they are actively trying to prevent people from upgrading their Tesla’s. It’s a roadblock for a new sale. I guess they don’t need the business at this point. I know people were getting double that offered amount just as late as Nov 2020 And some getting at offers of $10k more just last month (still very low).

I responded telling them that the offer was insultingly low but thanks anyway.

Cc @McFlurri
Wow...that's all I can say.

Yeah way below market as you said. I know their offers are nuts, Tesla pre owned specialists aren't much better. I inquired an month or so ago about swapping mine for a 2019 performance w similar km to mine (38k) and was offered 50k. But they were selling the performance for 65k, so it would have been a 20k 'upgrade' fee.

Not worth 0.5s less :)
 
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Reactions: Tony_YYZ
Tesla should make FSD tied to your account and not the car. There's zero incentives to getting FSD if you don't plan on driving the same car forever
Agreed, though doubt they would ever do that. What if you sold your Tesla and didn't buy another one? Or bought one 3 years later. That would be hard to police and not worth the effort on their side.

FSD would (presumably) be valued on the private sale market. Problem is Tesla devalues it by counting it as worth $0 on trade in basically. Also, because it's just a software flag they flip on I've seen many used Tesla's that include it as an extra 'perk'....so you can get a used Tesla with FSD for almost free if you get one of those.

A few months back every used Tesla on their site had FSD included. I doubt that every one of those cars was traded in with it, so they must be using it as a tactic to move used cars. But at the same time they don't value it on trade in. It's an instant additional 10k profit on a used car (on top of the already low ball offer they give).
 
  • Like
Reactions: Tony_YYZ

Stan K

Member
Apr 14, 2018
75
57
Toronto
So for curiousity I submitted a request to get a Trade-In value assessment from Tesla on my Model 3.

2018 Model 3 LR RWD
Multicoat Red
No accidents
FSD
38,xxx kms

They came back at me today with a laughable offer of $23,700. It really does feel like they are actively trying to prevent people from upgrading their Tesla’s. It’s a roadblock for a new sale. I guess they don’t need the business at this point. I know people were getting double that offered amount just as late as Nov 2020 And some getting at offers of $10k more just last month (still very low).

I responded telling them that the offer was insultingly low but thanks anyway.

Cc @McFlurri
Wow, that's really insulting. Looks like they do not want to take trade-ins anymore. Last year (May 2020) I trade in my, exactly like yours but with 54K for $52K. I got dual motor AWD. My only regrets is that I bought the FSD again. They should transfer it from the trade in. Anyway we should sue them in class action for, no fulfilling their promise of full self driving by the end of the year. Three years on, and is still coming soon. Maybe the cars will be ready for scrap yard with the FSD still coming soon, and the $10k FSD is just a vaporware.
 

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