- What kind of vehicles does Tesla accept?
- How does Tesla determine the price of my vehicle?
- How does the trade-in process work?
- 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?
- Does Tesla accept salvaged title or non-drivable vehicles?
- Will Tesla accept a trade-in without a vehicle title?
- When can a vehicle be traded in?
- What happens to my trade-in if I decide to return my Tesla?
- What happens to the personal data stored on the vehicle?
- How do aftermarket vehicle modifications affect trade-in valuations?
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What kind of vehicles does Tesla accept for trade-in?
Tesla accepts cars, trucks, vans and SUVs for trade-in towards the purchase of a new or used Tesla. Use the Tesla trade-in calculator to obtain a quote on your current vehicle.
How does Tesla determine the price of my vehicle?
All Tesla trade values are generated out of a standard calculation based on vehicle configuration, history, mileage 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 utilizing industry standard tools and resources (pending vehicle history verification).
How does the trade-in process work?
To get a trade-in value before ordering your new or used Tesla, go to the Tesla trade-in calculator to submit your current vehicle information. After you place an order on a new or used Tesla, you may submit trade-in details in your Tesla Account.
Can I trade in my vehicle even though I am still making payments?
Yes. You can trade in your vehicle if you are still making finance payments. Tesla will calculate and compare the payoff amount, applicable early termination penalty and any equity (positive or negative) that will be added to your Motor Vehicle Purchase Agreement. You will not need to pay off your lease or loan in full prior to trading in your current vehicle. There may be restrictions on accepted leased trade-ins depending on the lessor.
Can I trade in more than one vehicle towards my new Tesla purchase?
Tesla cannot accept more than one trade-in vehicle towards your new or used vehicle purchase. You can apply the equity of one trade-in towards the purchase contract.
Can I apply the value of my trade-in vehicle to the total purchase of my Tesla?
You can apply any applicable positive equity towards the purchase of your new or used Tesla. If you have negative equity, it must be paid either at delivery or rolled into your purchase agreement (pending credit approval).
How long are trade-in values valid?
Trade-in values on all vehicles are valid for 30 days or 1,000 miles, whichever comes first.
Does Tesla accept salvaged title 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 without a vehicle title?
You must have a vehicle title for the car you wish to trade in if you own the vehicle outright, or if you are making finance payments in KY, MD, MI, MN, MO, MT, NY, OK or WY.
When can a vehicle be traded in?
All trade-ins must be dropped-off at your scheduled delivery appointment. Tesla cannot accept trade-ins prior to or post-delivery.
What happens to my trade-in if I decide to return my Tesla?
All trade-ins are final. If you decide to take advantage of Tesla's seven day return policy, you will receive a check for the full equity of your trade-in vehicle in addition to a refund for your new car. If you had negative equity on your trade, you may need to pay an additional amount.
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.