I was busy completely rebuilding my home network yesterday so long post incoming to catch up. Apologies in advance.
Most people I know don’t exceed the federal income limits for single/married, but I’d guess there are plenty out there who don’t qualify. The ones I do know don’t generally buy used cars. More power to you if you can sell it for more.
Actually, most people who are focused on building their net worth don't buy new vehicles since that's the single biggest impact on a person's net worth, regardless of manufacturer. We only bought a new 2023 last year and this new 2024 this year because the sheer overwhelming abundance of incentives (from Tesla plus Federal & state governments) which help to offset new vehicle depreciation.
Example: We're getting $18,500 in total incentives to buy another MYLR. That will offset quite a few years of depreciation and helps to align the curve with the depreciation rate we'd have experienced buying used 3-4 years old which was our previously M.O.
I'm not sure what the purpose is of grouping all buyers into the same category serves for purposes of this conversation about EoQ Model Y pricing & incentives. My initial response was for the person stating flatly that the Tesla offer was the best, even if they didn't come through with the estimate they provided. I disagreed and the numbers support my stance that I can do at least as well as this and probably better on the open market via private party sale. I've sold half a dozen used Teslas now so I have a pretty good track record of making not a little but a LOT more than Tesla would have given me in every single one of them.
That said, this branch of conversation has veered off-topic as this conversation isn't about selling vs trading-in.
Back on topic...
I've read about Tesla reducing their trade in offer price. It was different for us, they messaged the trade in price via the app. I clicked accept. They UPS overnighted the paperwork from Fremont. We signed the 5-6 pages. Went to the UPS Store with the pre-paid shipping label and overnighted the paperwork back to them in Fremont. Two days later they sent me the bill via the app and I did a bank transfer via the app. Everything done and paid for before delivery. I actually didn't take delivery until 5 days later b/c I had to work, then my 1st off day we went to the Houston Rodeo, then the next day we drove to Austin to take delivery (it was a demo inventory MYLR).
grats
@Chuck305
I did it through the website and selected the correct VIN of the Tesla I wished to get a trade quote from the list of them in our Tesla account. It walked me through a few questions and gave me a trade estimate, valid for 30 days. We haven't yet officially applied it to our new car because there's some errors with the pictures I took.
This would have been MUCH easier if they would have given you the option to take a picture or upload existing photos. I took some really good photos of the car just a few days earlier in good light with great results. Instead, I had to try to take photos at 6:00am and the lighting wasn't ideal. Now I'm in some sort of email loop trying to get them good photos so they can approve our trade.
Again, if I had some dent or ding that wasn't disclosed during the estimate process, I could see them lowering the value. If the car is immaculate (which it is) and they arbitrarily lower the trad value... that's some shady ish I don't play. I'll pull the trade and make more money on it selling it on the private market. I know others reward this type of bad behavior (which is why they do it) but I have no problem owning a 3rd Tesla until one of them sells privately. Hell, we've already done that three different times so nbd.
Anyone else seeing 10% adjustment on MYPs in your area (other than stealth gray)?
Missed out on a black/white MYP with 10% adj yesterday at $49,990…now patiently refreshing to try to have another pop-up so I can grab it.
For whatever reason the discounts on MYP in our region are like $1k or so. Pretty lame compared to the MYLR discounts. If they had similar 10% or so discounts on a MYP I might be tempted to buy two new Model Y's instead of the one we take delivery of tomorrow. Fortunately, they don't seem interested in discounting the Performance trim so that saves me $50k. lol
Baited me on my trade 40200 > 37100 for a 3 month MY with 2000 miles. Estimate to Trade Offer (2-3 hours). No way the market changed that much. If you're expecting a high trade, AVOID.
So you're saying that Tesla's estimate was $40,200 initially and then, at the time of actually trading it in, they dropped the figure to $37,100? What was the reason for this? Was there undisclosed issues they uncovered upon inspection or ??
Wow, I got 4 k more than Tesla's offer.
From? Carvana?
What was the March 19th deal?
My plan was to put a deposit on something in inventory on March 31, and delay payment/delivery until April 3rd when Oregon subsidy kicks back in.
Just understand that many (all?) of the current Tesla promotions require you to actually take delivery before 4/1. Just so you're aware that you'll be forfeiting some of those but maybe that Oregon subsidy is enough that it makes more sense to do it that way.