When it comes to electric cars, Tesla really has set the benchmark high.
They are the first brand that pops into your head when you think of electric cars, and that is why so many people opt for a Tesla EV.
If you are thinking of purchasing a Tesla, then you will need to do something with your old car, which is why you might find yourself wondering if Tesla accepts trade-ins.
In short, yes, Tesla does accept trade-ins. So, you can use the value of your existing car, truck, van, or SUV to contribute towards the purchase of your Tesla.
Find out more in this guide.
What Is A Trade In?
First things first, let’s take a look at what a trade-in is. If you have ever bought a brand-new car before, then you will probably be familiar with the practice.
Most of the time, when somebody purchases a new car, they have an old car that they will have to sell.
Trade-ins make the process easier because instead of having to sell to a private buyer, you can simply sell to the company from which you are buying your new car.
Of course, trade-ins are not the same as selling your car to a private buyer.
For example, when you sell your car to a private buyer, you will usually receive a cash payment for the vehicle.
In contrast, when you trade in your vehicle, you usually receive a discount on the car that you are purchasing.
This discount does not work in the traditional way. Instead, the value of the car that you are trading in is simply deducted from the cost of your new vehicle.
This means that the cash value which you have to pay for the new car is reduced, and you also don’t have the hassle of having to sell your old car.
Trade ins are common all around the world, even if they are known by different names in different countries.
It is fairly standard for most car salerooms to offer trade-ins, but is this something that Tesla offers? Let’s take a look.
Does Tesla Accept Trade Ins?
Now that we have established exactly what a trade in is, let’s take a look at whether, or not, this is something that Tesla offers.
In one word, yes, Tesla does accept trade-ins. According to Tesla’s website, the company accepts trade-ins on cars, trucks, vans, and SUVs.
The value of the car that you trade in can be used to contribute to the cost of the new Tesla vehicle that you are purchasing.
With that in mind, let’s take a look at how trade-ins at Tesla work.
How Do Trade Ins At Tesla Work?
Trade-ins at Tesla are simple.
To find out how much the company will offer you for your old vehicle, you simply have to set up an account on the Tesla website.
Here you will be able to input all the information about the vehicle which you want to trade in.
Using this information, Tesla will decide how much they are willing to offer you for the vehicle.
You don’t have to decide that you want to trade in your old car when you order your Tesla.
In fact, you have a considerable amount of time to decide after you order your car.
If you do decide to contribute the value of your old car to the purchase of your new one, simply log in to the account which you used to order your car, and input the details for the car which you want to trade in.
Once you have had the offer, you will then be able to decide if you are happy with it, or not.
If you are happy, then you can confirm on the Tesla website that you want to trade in your existing car.
Then all you have to do is drive your old car to the showroom when you collect your new car and leave it behind when you drive your new car away.
At some point in the process, a Tesla representative will likely phone you.
This is just to confirm that the details for your existing vehicle are correct and that you want to proceed with the trade in.
Frequently Asked Questions
Does Tesla Look At Your Trade In?
This will depend on the make and model of the vehicle you are planning to trade in.
If you are trading in any vehicle other than a Tesla, then it is highly unlikely that the company will look at your vehicle.
Instead, they will just accept a standard valuation. In contrast, if you are trading in a used Tesla, then the company will look at your trade in.
When trading in a Tesla, you will usually need to take your vehicle to a Tesla dealer so that they can conduct a valuation of the vehicle.
While this can seem like a bit of an inconvenience, it does usually increase the amount of money that you are given for your vehicle.
Which Vehicles Are Eligible For Trade-in?
Tesla accepts a wide range of vehicles when it comes to trade ins. These include cars, trucks, vans, and SUVs.
Tesla accepts both electric and internal combustion vehicles.
The only vehicles that they do not accept are those that are non-drivable, motorcycles, RVs, and commercial vehicles.
Does Tesla Negotiate On Price?
Tesla does not negotiate on the price of the cars that they sell, and they often will not negotiate on the value of a trade-in either.
However, if you feel that the offer Tesla has given you is not a true reflection of the value of your vehicle, it is worth speaking to them.
Especially if the amount that they are offering is considerably less than what you were expecting.
In short, yes, Tesla does accept trade-ins. So, if you are looking to buy a new Tesla vehicle, it is definitely worth considering trading your old vehicle in.
The entire process is nice and simple. You can find out more about how to trade in your old vehicle when buying a Tesla in the guide above.
Thank you for reading!