Submitted by switters on Sat, 2019-10-19 06:16
I have a 2016 MS with low miles (19k). I'm considering trading it in for a new MX. We moved from CA to Park City, UT, and I think the form factor of the MX would suit us better.
If we did decide to do this, I'm wondering about the best way to make the transaction. I'm planning to lease the MX through my business.
I financed the MS with the 1.49% loan that Alliant Credit Union was offering at the time. I have about 21 months of payments left. According to Kelly Blue Book (no idea how reliable this is for Tesla values), the current private party sale value of the MS is about $15-$20k more than the outstanding loan amount.
So, should I try to sell the MS to a private party? Then pay off the loan, take whatever is left and use it for the $7,500 down for the MX lease?
Or does Tesla offer some kind of trade-in program?