Has anyone traded in their car to Tesla when they bought the model s?

Has anyone traded in their car to Tesla when they bought the model s?

This is the question I have. I saw on the website where you can trade in your car during the financing part of the process. Is this done by a separate company? It would make it easier if trade in values are on par with conventional dealerships than having to try to sell your car by yourself in order to be able to finance a Tesla.

Benz | February 19, 2013

In my opinion you can get more money for your car if you sell it yourself using Ebay. And I am sure that Tesla Motors would prefer it too that you would sell your car yourself. | February 19, 2013

jeepn30, this makes zero business strategy sense.

What is the footprint / space of a bloated ICE car dealership from last century? It's acres and acres of depressing / weather beaten / oil soaking death.

What is the footprint / space of the future (i.e. Tesla Motors showroom)? It's much smaller -- scaled to JIT deliveries. Additionally, why would the future of the auto industry want to peddle in used poison?

wonder | February 19, 2013

Looked into it.
Tesla is using AutoNation to handle trades.
I went on there site, plugged in my vehicle information,
and received a Kelly Blue Book Apraisal which I found
to provide a reasonable price range for BMW Roadster.

Then asked Tesla Configuration for link to Tesla's
Portal to AutoNation so could get a formal offer
from AutoNation on my car ..., good for 10 days.
Figured that way when the time came price should be
very similar.

Well AutoNation offer (good for 10 days) was for
about 1/3 of the high end Kelly Blue Trade-in Value
provided by there own site and about $5,000 less
than the low end range of Kelly Blue Book Trade-in Value!

I listed the BMW Roadster on Craigslist and had it sold
within a week or two.

Short story is I wouldn't recommend doing a trade-in ...,
unless you just like putting your hard earned money into
other people's pockets.

wonder | February 19, 2013

By the way you don't have to wait until your about to receive your Tesla. Just ask for Tesla's Portal (link) to AutoNation and you can go in plug in your information and find out what there offer will be. Granted, if you like the offer, you will have to do it again when the time comes since offer is only good for 10 days. That said the offer "should" be very similar provide car remains in equivalent condition and miles have not increased dramatically. You don't have to wait to find out ..., ask for the Tesla Portal URL to AutoNation!

Brian H | February 19, 2013

Yes, AutoNation seems to be allowing itself a large profit margin. Some reported getting good prices, but not many.

Salman | February 19, 2013

+1 on @wonder's experience. AutoNation is acting as a wholesaler so their offers are typically really low (might get lucky with a car that's highly in demand but for my 10 y.o. BMW that wasn't the case).

In my case, the AutoNation offer was about 40% of KBB; I ended up doing a private party sale (Craigslist) and got 97% of KBB (probably would've gotten more if I'd waited, but the convenience of doing an all-cash deal with minimal hassle was worth it).

lov2krz | February 21, 2013

I too tried AutoNation. I was shocked at how low they try to go. I ended up selling my '04 Acura TL on craigslist for double what AutoNation offered.

fasferrari | February 24, 2013

Can you email me how I can go to Tesla
Portal to AutoNation?
Thank you.

youngtin4me | February 19, 2014

I see your point of Tesla not wanting to have oil ridden lots. But all in the same token Elon has been very adamant about making a lasting change. so if Tesla was to take and convert trade in vehicles over to his electric drive train i think it would help to significantly reduce cost and start a new line of certified TRUE "CROSSOVERS" or maybe something to that affect. if you just empty those greasy car lots then they still remain a greasy car lot if you can help fill them with certified EV's you plant a seed for change.

J.T. | February 19, 2014

The seed for change will come from those greasy car lots staying full to overflowing because no one wants them.

redTphilly | February 19, 2014

I had an eight your old Mercedes prior to purchasing a Tesla. I received a quote from AutoNation for $9,000. I went to two different Mercedes dealers who offered to buy it for $10,000. I parked it along my street with a for sale sign and got $15,500 for it. The only advantage to AutoNation is perhaps less hassle and a small savings in sales tax (at least here in PA) because they will credit against the Tesla purchase.

spicanspancleaning | February 19, 2014

Sometimes dependent on where you live ask your gallery if they have any other places they work with. Here in the bellevue area there was another place that they recommended and they gave me the high end of KBB. It was easy and I didn't have any hassle. My second car I sold on craigslist because it was more in demand. Auto nation is a complete joke. They offered me $6000 less than I received from the place tesla recommended.