Hold on...I didn't realize there was talk about Tesla's trade-in practices. I get the estimate isn't a firm offer but I assumed if the car is in the condition you said it is in that you'd get close to the estimate.
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Even Trade-In from 2023 to 2024 Model Y
- Thread starter teknoprep
- Start date
AMPd
Well-Known Member
Dale_L
Member
The 2024's price is $47,500 before the federal tax credit. The trade offer is $40,000. The $7,500 difference is subject to sales tax. It is a credit, not a price reduction. Have you figured in the order fee and the delivery fee? This deal sounds almost to good to be true. Proceed with caution.
I just investigated and Tesla's trade in offer to me was $33,700. I could get a new blue LR AWD from inventory in my zip code for about $40,000 after tax credit. However, I would have to fork over $6,300 difference + $250 order fee + $1,390 delivery fee and I would be taxed on the $6,300 + $7,500. In total, I think I would be looking at about $9,000 to get a one year newer Model Y that would be just like the one I have.
Last edited:
Sherwood_John
2024 | MYLR | UR/BL |19" | 5 |
If you believe Tesla they said no refresh until 2025 in the States. I'd expect Juniper mid-2025.
The story I heard was Tesla inspects trade-in cars valued more than 10K carefully and ends up less. For less than 10K trade-ins, they don't even bother inspection.
TulsaCoker
Member
Well my experience last week was the original trade-in estimate given and the final approved trade-in was the same 21.3k for my 18' 3 LR with 50k miles and EAP. The estimate was just for average condition. After I sent pics of the exterior and interior, I'm sure they checked any repair history and accident checks everything passed was in order.
With the significant Federal, Local and Utility rebates, sometimes trading up to a new car can be a financial no brainer. Each case is different, but compared to the net depreciation of a ICE car, the incentives can make trading up an EV every couple years compelling.
TulsaCoker
Member
I agree .. went from a 18' 3 to a 24' Y LR Ultra Red with Tow hitch for 20k out of pocket with trade in + 1k Cyber reserve + 7,500 Tax credit point of sale and 2.5k off for inventory,
Well, now that I said that, they are planning on phasing out the sales tax exemption for EV's.
Art138
Member
In January I bought a MYP with a MY3 2018 LR with 38k trade in. Thru the app they offered 22k dollars. When I received the final delivery details to pay the difference,it was 17k dollars. I went thru with the deal because it allowed me to drive until the pickup.
MikeChicago
Member
Depends on a state. In Illinois your trade in value is deducted from the purchase amount and you pay the difference
I know now. I had no idea. In Virginia (always lived here) the sales tax is due on the value of the new car, regardless of the trade-in or not. I did not know it is different in other states. Which is awesome! Makes trading in a car a very good value proposition.
3YMimi73
❤️ ‘21 M3LR ‘23 MYLR ‘24 MYLR ❤️
Im trading in a ‘22 MYLR on a ‘24 MYLR, which is quite an improvement! It’s not an even trade but it’s a deal great enough that I can pay cash for it. My trade in estimate came in higher than what was initially given to me. I’m happy with what Tesla offered me.
Trust the Tesla trade-in estimate at your peril! My bet is this estimate will be appreciably lower at the point of delivery.
3YMimi73
❤️ ‘21 M3LR ‘23 MYLR ‘24 MYLR ❤️
How is that going to work if the car is paid in full before the delivery appointment?!
Im picking my Tesla up on tribal land and everything has to be paid in full before the delivery appointment as it’s an express delivery center.
Art138
Member
If you go to the delivery details on your app,proceed to account; where it says make you final payment it will have to say “ payment complete”. The payment details will show you at which price they accepted your trade in. In my case they lowered 5k when I went to pay the final price.
Ostrichsak
Well-Known Member
Tesla lowered the final trade-in value $5k from the original estimate? If that's the case, did they give a specific reason(s) why?
Art138
Member
No reason. Initial trade in value for the 2018 M3 LD was 22k; when I opened the payment finalization it was 17k.
