Even Trade-In from 2023 to 2024 Model Y

[teknoprep]

I have a 2023 Model Y, LR 5-seat, Black w/ 20”, FSD, 10k miles, perfect condition

Checked Tesla trade in value and they’re offering $40k

A brand new 2024 inventory MY is $40k after the instant $7.5k discount. Only difference is 19” wheels. Would do FSD transfer.

I think it’s a no brainer - more valuable in the future, extra warranty, etc. No taxes since new car is technically $0.

I contacted Tesla and they said they don’t care about wheel size in the trade in values (they only ask for mileage and condition)

Some questions:

1. Is their trade in estimate accurate? Car is in perfect condition. I don’t want to go through the hassle and them low ball me.
2. Would they allow me to swap my 20” wheels and tires on my old car with the newly purchased car, and trade in my 2023 with the new 19” wheels and tires?
3. Anything else I’m missing that might cost me $$?

 

[Sambub]

personally, I wouldn’t bother. You might get the HW4 upgrade, but no other improvements. I suggest you wait until the juniper update comes out, which may offer some worthwhile improvements like M3 highland upgrade has. Juniper Y might be available later this year or early 25.

 

[RickCRNA]

Don’t count on Tesla following through with their $40K trade in estimate. Will likely end up being less.

 

[chudiddy]

Don’t count on Tesla following through with their $40K trade in estimate. Will likely end up being less.

This 100%

 

[thyname]

No taxes since new car is technically $0.

You will pay full taxes on the new car. The trade in value of the old car has nothing to do with the taxes on the new car

 

[mborkow]

You will pay full taxes on the new car. The trade in value of the old car has nothing to do with the taxes on the new car

In some state you only pay sales tax on the difference between trade in and car price…NJ does that, iirc.

 

[exfed2001]

Don’t count on Tesla following through with their $40K trade in estimate. Will likely end up being less.

For me about 4 weeks ago, they were right on with the trade value.

 

[exfed2001]

In some state you only pay sales tax on the difference between trade in and car price…NJ does that, iirc.

No sales tax is due for EV's in the PDRNJ.

 

[zoomer0056]

I have a 2023 Model Y, LR 5-seat, Black w/ 20”, FSD, 10k miles, perfect condition

Checked Tesla trade in value and they’re offering $40k

A brand new 2024 inventory MY is $40k after the instant $7.5k discount. Only difference is 19” wheels. Would do FSD transfer.

I think it’s a no brainer - more valuable in the future, extra warranty, etc. No taxes since new car is technically $0.

I contacted Tesla and they said they don’t care about wheel size in the trade in values (they only ask for mileage and condition)

Some questions:

1. Is their trade in estimate accurate? Car is in perfect condition. I don’t want to go through the hassle and them low ball me.
2. Would they allow me to swap my 20” wheels and tires on my old car with the newly purchased car, and trade in my 2023 with the new 19” wheels and tires?
3. Anything else I’m missing that might cost me $$?

That's a steel of a deal, wow!

 

[AMPd]

personally, I wouldn’t bother. You might get the HW4 upgrade, but no other improvements. I suggest you wait until the juniper update comes out, which may offer some worthwhile improvements like M3 highland upgrade has. Juniper Y might be available later this year or early 25.

No other improvements? How about a longer remaining warranty? How about 10k less miles on the car? How about a year newer vehicle?

Tesla has essentially let OP rent the car for a year, free of charge. How is that not worthwhile?

 

[Sambub]

He should do it then. You obviously know best.

 

[teknoprep]

No other improvements? How about a longer remaining warranty? How about 10k less miles on the car? How about a year newer vehicle?

Tesla has essentially let OP rent the car for a year, free of charge. How is that not worthwhile?

That’s essentially why I’m doing it. It will literally be the exact same car (I currently have HW4).

Only difference is new stealth gray.

 

[brkaus]

You will pay full taxes on the new car. The trade in value of the old car has nothing to do with the taxes on the new car

Totally depends on the state.

 

[thyname]

In some state you only pay sales tax on the difference between trade in and car price…NJ does that, iirc.

Wow! I want to move to those states.

 

[WyoDude]

How is that not worthwhile?

They could end up in a situation where the new car has a bunch of issues that take several visits to resolve and/or Tesla refuses to fix some because they are within spec, taking a bunch of time. And Tesla decides to not honor the FSD transfer for one reason (delivery date which OP doesn’t control) or another (this has happened to some people with the last transfer promo).

Not really advocating one way or another but that would make it not worthwhile

 

[vickh]

Don’t count on Tesla following through with their $40K trade in estimate. Will likely end up being less.

correct estimat=/=offer . Offer is firm

 

[mborkow]

If it’s really nothing out of pocket, you should certainly do it: 1 year more warranty and HW4 would be enough to get me to do it. I’d prefer the 19s too…better ride.

 

[davelv]

Absolutely do it.

 

[NovaSuper]

I am on the fence doing the same thing. Although my 2023 LR white with 8800 miles only got $34200 offer from Tesla. I think op caught a lucky bug here, that Tesla is valuing his FSD for about $6000 in the trade in, but also is going to transfer it to the new vehicle for free. It would be a no brainier if all works out.

 

[TulsaCoker]

The original estimate and final trade in offer for my 18' LR RWD w/EAP was both the same 21.3K