Will you be trading/re-selling your current Tesla for the Cybertruck?

[Macgyverfever]

For those of you who have a Tesla - assuming the re-sale value never recovers, will you be trading it up for the Cybertruck and take a hit or are you keeping both?

Ballers are welcome to answer, but I'm more interested in those with more restricted budgets (asking for a friend).

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[SSonnentag]

I don't need to trade in my current Tesla to buy the CT, but I most likely will simply because I don't need to have a third vehicle just sitting around. I don't want to pay registration and insurance on a vehicle that won't be used much.

Also, the trade-in cuts down on the amount of tax I'll have to pay on the CT.

 

[sstevens805]

Divorced dad with 2 kids in private school (budget is highly restricted) - I'll be trading in my Y. Best car I've ever had, just need something a little bigger and more rugged. I've even thought about selling the Y now to save $ in the meantime. The problem is my other car is a 69 Cadillac and probably not the best daily driver however fly I would look.

 

[Jhodgesatmb]

For those of you who have a Tesla - assuming the re-sale value never recovers, will you be trading it up for the Cybertruck and take a hit or are you keeping both?

Ballers are welcome to answer, but I'm more interested in those with more restricted budgets (asking for a friend).

We have 2 Teslas and it was always the plan to give the wife the Model Y and either sell or trade the Model 3 when the Cybertruck comes out. I am not worried about the resale value. I Aldo’s do not know what a “baller” is.

 

[Macgyverfever]

We have 2 Teslas and it was always the plan to give the wife the Model Y and either sell or trade the Model 3 when the Cybertruck comes out. I am not worried about the resale value. I Aldo’s do not know what a “baller” is.

Probably poor choice of words (lol) but

Lavish, rich, etc. Is what I mean

 

[WildhavenMI]

For those of you who have a Tesla - assuming the re-sale value never recovers, will you be trading it up for the Cybertruck and take a hit or are you keeping both?

Ballers are welcome to answer, but I'm more interested in those with more restricted budgets (asking for a friend).

Baller here, but my wife says I'm actually not. Who you gonna believe.

This is my plan of action:
1) Convince my wife to trade in her Bolt, take my Model X, and then add the CT as our second car.
2) When that fails, trade in the Model X (assuming I can get ~$65k for it or so).
3) If I can't get the trade value on the X, begrudgingly accept that my X is still a phenomenal car and I don't need to actually have a CT right now.
4) Buy it anyway and convince my brother to buy it off me but let me ride in it every once in a while.

I've gotten really used to having 3 rows in the X, and it wouldn't be the worst to keep it. Plus I rarely tow over the 5k lb limit anyway, and my box trailer is basically a bed on extra wheels.

 

[Jhodgesatmb]

Probably poor choice of words (lol) but

Lavish, rich, etc. Is what I mean

I am far from rich and do not live lavishly. We drive Teslas because they are a smart financial and environmental choice and a superior cars in most every way. The bigger question is why everyone else is so narrow minded…

 

[WildhavenMI]

I am far from rich and do not live lavishly. We drive Teslas because they are a smart financial and environmental choice and a superior cars in most every way. The bigger question is why everyone else is so narrow minded…

I 100% agree with you. Electric cars are one of the easiest decisions to make when you think about it from an economic standpoint. This is particularly true if you live in an area with cheap electricity, or if you have the means to produce your own electricity via solar.

What used to be $6,000 a year in gas for my household is now maybe $1500 a year in electricity. We didn't spend any more on the cars than we would have if we bought gas, and I have experienced zero inconveniences from being a fully electric vehicle household.

That's 4,500 a year that I now save, and I still get from A to b and take my long distance with the kids camping trips twice a year. I fail to see the downside of owning an electric car, and I frankly do not understand how it is not the default decision for the majority of people (who buy new cars) yet.

I understand people who don't buy new cars, who rely on a used market with less than $10,000 options, or who have legitimate needs for vehicles that simply aren't available in an electrified format. But if you're buying a new car north of $25k, you're making a horrible economic decision with your household budget by buying gas.

 

[WA-CyberDriver]

We ordered a model Y on the price dip (taking advantage of the $7500 tax credit as well) to lock in some value and get a great ride while waiting on our CT. When the CT is ready, we will trade-in the model Y, and then our Aptera (hopefully) will be our other daily driver.

 

[Dusty]

I found out a few weeks ago that my wife "secretly" likes my new MYP. She can't directly admit it because of her prior tirade against, and dislike of, Elon. But , our daughter overheard her talking about it and dutifully reported back to me that "I heard Mommy on the phone. She doesn't want you to know...".

So, when the time comes I may give the Y to her and trade in her Jeep.

People who don't like Tesla's or think they're some kind of impractical "thing", simply have never had contact with one. If you have a CUV or coupe/sedan and it fits your needs BEVs will make you not even want an ICE vehicle anymore.

 

[Jhodgesatmb]

I 100% agree with you. Electric cars are one of the easiest decisions to make when you think about it from an economic standpoint. This is particularly true if you live in an area with cheap electricity, or if you have the means to produce your own electricity via solar.

What used to be $6,000 a year in gas for my household is now maybe $1500 a year in electricity. We didn't spend any more on the cars than we would have if we bought gas, and I have experienced zero inconveniences from being a fully electric vehicle household.

That's 4,500 a year that I now save, and I still get from A to b and take my long distance with the kids camping trips twice a year. I fail to see the downside of owning an electric car, and I frankly do not understand how it is not the default decision for the majority of people (who buy new cars) yet.

I understand people who don't buy new cars, who rely on a used market with less than $10,000 options, or who have legitimate needs for vehicles that simply aren't available in an electrified format. But if you're buying a new car north of $25k, you're making a horrible economic decision with your household budget.

I bought many used cars before buying my first new car, and after that I bought a slightly used car from a fleet dealer, so I understand that point. Now that Hertz and others are buying electric cars for their rental fleets these cars will enter the user-car market and be available to lower-income drivers. That said, and at least in California, there are subsidies for lower-income households to buy electric cars, and it is in the neighborhood of $8,000 in additional rebates. That is HUGE on top of the federal rebate and the price reductions. Did you see the Cleanerwatt youtube video comparing the cost of a 2023 Model 3 compared to the cost of a 2023 Prius? Even Steven over 5 years:

 

[Macgyverfever]

I found out a few weeks ago that my wife "secretly" likes my new MYP. She can't directly admit it because of her prior tirade against, and dislike of, Elon. But , our daughter overheard her talking about it and dutifully reported back to me that "I heard Mommy on the phone. She doesn't want you to know...".

So, when the time comes I may give the Y to her and trade in her Jeep.

People who don't like Tesla's or think they're some kind of impractical "thing", simply have never had contact with one. If you have a CUV or coupe/sedan and it fits your needs BEVs will make you not even want an ICE vehicle anymore.

My Australian wife drove the Honda Accord (our second vehicle) in Sydney, so we got the same exact model when she moved here but with the steering wheel on the 'correct' side (lol). She loves the Y but won't admit it because shes scared of driving it ¯\_(ツ)_/¯

 

[happy intruder]

Baller here, but my wife says I'm actually not. Who you gonna believe.

This is my plan of action:
1) Convince my wife to trade in her Bolt, take my Model X, and then add the CT as our second car.
2) When that fails, trade in the Model X (assuming I can get ~$65k for it or so).
3) If I can't get the trade value on the X, begrudgingly accept that my X is still a phenomenal car and I don't need to actually have a CT right now.
4) Buy it anyway and convince my brother to buy it off me but let me ride in it every once in a while.

I've gotten really used to having 3 rows in the X, and it wouldn't be the worst to keep it. Plus I rarely tow over the 5k lb limit anyway, and my box trailer is basically a bed on extra wheels.

as a last resort #5 could be trade the wife.............just kidding

 

[tidmutt]

My original plan was to move from my Golf R to the Cybertruck. However, with the delay and the fact that my Golf was reaching the end of it's 6 year 72K mile warranty (thank you Diesel-Gate) I jumped into a Model Y Perf. Amazing car, as has been said many times. With the big price drop I've been reconsidering whether I'll trade it for the CT or instead Turo the vehicle for a while. I'll make the decision as the time draws closer, but that's still a couple of years away I suspect.

In my area I can rent my Y Perf out for a decent daily rate, throw in a few extras to woo the tourists and it might be worth the effort rather than trading it in. My daughter wants the Y but that's still 5 years away so by then I might be looking at the smaller Tesla, whatever that is, for her if I can swing it. I want both my kids in the safest car I can afford for them.

 

[VFRMike]

I will need to sell my 2020 Model 3 Performance (FSD) and my truck (2001 Ford F-150) to acquire the CT (Trimotor). I absolutely love my Model 3 and I do not miss driving a truck for everyday use. However, we are planning to retire (~ 6 years) and RV with my parents. My current truck tows a max of 7800 lbs and has 160000+ miles and the trailers we are currently interested in have a GVWR of around 10k-11k lbs. We do not want to go into retirement with any debt, so I just don't think I will be able to keep the 3. I'm not giving up on the idea of keeping the 3 though.

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