Trade-in offer

[lonsomecrow]

I have Model Y that I am trading in for Cybertruck. It was financed by tesla Finance. The trade in offer that I received from them includes the loan balance and that whole amount can be used as equity? Lets say I got 26k trade in offer and my loan balance was 10k. Would be using 26k as equity or 16k?

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[JCERRN]

The value of your trade in applied to your new loan is (trade in value)-(what you currently owe). If they offer you $26k and you owe $10k, youd have $16k applied toward the CT.

 

[Mini2nut]

Get ready to be low-balled by Tesla on your trade in.

 

[lonsomecrow]

Low ball offer for 2023 Model Y AWD LR 24k miles, they are giving me 26k. Thats how they value their own vehicles lol

 

[Mini2nut]

For reference, we recently sold our 2021 Model Y LR with 53,000 miles to Carmax.

We received $25k. They were the highest out of 3 offers and they cut you a check immediately.

 

[UberNoob]

Yup my 2022 M3P 80k miles was offered at 23k, said nope I’ll drive it till the wheels fall off.

Got it at the end of 21 with no tax credit and the top of the chip shortage, paid 68k for it w/out FSD.

 

[Mini2nut]

Ouch!!!

We paid $48,990 in 3/2021 plus $2k for the 20" wheels.

 

[lonsomecrow]

For reference, we recently sold our 2021 Model Y LR with 53,000 miles to Carmax.

We received $25k. They were the highest out of 3 offers and they cut you a check immediately.

Carvana giving me 30k still low. I paid 52k. I'll try CarMax.

 

[SCTesla]

Carvana giving me 30k still low. I paid 52k. I'll try CarMax.

30k is about the top. Privately you may get 35-36 for it, but that could take a while.


You can get a brand new one for ~40k.

Tesla offered me 22k for a 2021 with 20k miles, red, 3rd row, and FSD. I told them I don't think they factored in FSD and they said in the chat, "FSD doesn't add much to trade in value".

 

[lonsomecrow]

30k is about the top. Privately you may get 35-36 for it, but that could take a while.


You can get a brand new one for ~40k.

Tesla offered me 22k for a 2021 with 20k miles, red, 3rd row, and FSD. I told them I don't think they factored in FSD and they said in the chat, "FSD doesn't add much to trade in value".

Brand new AWD LR is 46k after applying rebate.

 

[SCTesla]

Brand new AWD LR is 46k after applying rebate.

It's 47,990 without any tax rebate so 40,490 after rebate.

 

[lowtek]

Be careful about sales tax and selling yourself, check how your state tax is calculated.

Tesla doesn’t make these offers, car auctioneers do. You’re seeing the used car market correct from years of being too high.

 

[lonsomecrow]

Brand new AWD LR is 46k after applying rebate.

Black induction wheels. This is what tesla showing right now.

• Your Model Y $53,130
• After Federal Tax Credit*$45,630

 

[lonsomecrow]

Be careful about sales tax and selling yourself, check how your state tax is calculated.

Tesla doesn’t make these offers, car auctioneers do. You’re seeing the used car market correct from years of being too high.

There is no sales tax in new jersey.

 

[SCTesla]

Black induction wheels. This is what tesla showing right now.

• Your Model Y $53,130
• After Federal Tax Credit*$45,630

I guess it factors in state taxes.

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