Tesla accepts cars, trucks, vans and SUVs for trade-in towards the purchase of a new or used Tesla. You can use the Tesla trade-in calculator to obtain a trade-in value for your current vehicle. Prior to delivery, you will be asked to submit photos and additional trade-in details to your Tesla Account. You’ll hand off your current car when your new Tesla is delivered.
- Does Tesla take trade-in's?
- How does the trade-in process work?
- How does Tesla determine the price of my vehicle?
- Can I trade in my vehicle even though I am still making payments?
- Can I trade in more than one vehicle towards my new Tesla purchase?
- Can I apply the value of my trade-in vehicle to the total purchase of my Tesla?
- How long are trade-in values valid?
- When can a vehicle be traded in?
- What happens to the personal data stored on the vehicle?
- How do aftermarket vehicle modifications affect trade-in valuations?
Frequently Asked Questions
Does Tesla accept trade-in's?
Yes. Tesla accepts all types of vehicles, including motorbikes, regardless of age, the value of which will be applied to the purchase of a new or used Tesla. These must have registation valid for at least 3 months after the vehicle is dropped off.
How does the trade-in process work?
How does Tesla determine the price of my vehicle?
Trade values for Tesla vehicles are generated out of a standard calculation based on vehicle configuration, history, kilometres and age. The resulting value is based on market data and internal Tesla product knowledge. Non-Tesla trade-in values are provided based on market data utilising industry standard tools and resources.
Can I trade in my vehicle even though I am still making payments?
Yes. Tesla will pay out the financier after delivery with any equity being applied to your Tesla order. If you owe more on your finance contract than what the vehicle is worth, you may be able to roll over the negative equity into your new Tesla purchase, subject to finance approval.
How long are trade-in values valid?
Estimates are valid for 30 days, however, these are only estimates and Tesla is NOT providing a formal offer to purchase the vehicle at the provided estimated value.
Final Offers are valid for 30 days or 1,500 additional kms once provided by Tesla.
Does Tesla accept Previously Written-Off or non-drivable vehicles?
No. All trade-ins are expected to be in drivable condition and all values are subject to change if the vehicle has any major mechanical or cosmetic concerns.
Will Tesla accept a trade-in owned by someone other than the Tesla reservation holder ?
Yes - If the trade-in vehicle is owned by a company or private person other than the Tesla reservation holder, a signed letter of authourity from the registered owner must be provided for Tesla to use the equity towards the purchase of a New or Used Tesla.
When can a vehicle be traded in?
Trade-ins must be dropped of at or before the delivery of your new Tesla. If you wish to pre-trade, please arrange this with your TA. We will not accept any trade-ins after delivery of your new Tesla.
What happens to the personal data stored on the vehicle?
Before trading in your vehicle, Tesla requires the vehicle owner to wipe their data and restore it to factory settings. This ensures that all your personal information is completely removed from your vehicle before you trade it in. Please refer to your vehicles Owner’s Manual for information on how to remove your data. If you are trading in a Tesla, tap 'Controls' > 'Service' > 'Factory Reset' to erase and reset the vehicle.
How do aftermarket vehicle modifications affect trade-in valuations?
Aftermarket vehicle modifications typically have a negative effect on trade-in valuations. The car you wish to trade in should ideally be in ‘stock’ or original state.
We will not sell a Used Tesla with any aftermarket modifications, therefore these will be factored into the trade-in value to take the vehicle back to original specifications.