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 during when your new Tesla is delivered.
- Does Tesla take trade-in's?
- Does Tesla accept gas vehicles for trade-in?
- 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?
- 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 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 takes cars, trucks, vans and SUV’s for trade-in toward a new or used Tesla purchase.
Does Tesla accept gas vehicles for trade-in?
Yes. Tesla accepts both internal combustion engine (ICE) vehicles and electric vehicles for trade-in.
How does the trade-in process work?
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).
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?
Pre-order estimates requested through the Tesla trade-in calculator on or before August 13, 2020 can be applied to an order within 30 days from the date you received the estimate. Estimates requested after August 13, 2020 can be applied to an order within 7 days from the date you receive the estimate.
Final Offers are valid for 30 days or 1,000 additional miles once provided by Tesla.
Does Tesla accept salvaged title or non-drivable vehicles?
No. All trade-ins are expected to be in drivable condition, and values are subject to change if the vehicle has any major mechanical or cosmetic concerns. Vehicles with a salvage, rebuilt or flood title brand will not be accepted, odometer discrepancies and lemon brands (manufacturer buyback) are subject to review and may not be accepted.
Will Tesla accept a trade-in without a vehicle title?
No. Vehicles must be properly titled in the US in order to be eligible for trade-in. You must have a physical title in hand 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 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.