Which is better: selling a Tesla or trading it in?
When you think about how to Sell My Tesla, you could have a lot of questions. The most important one is: would you make more money selling it yourself or trading it in? There are good and bad things about both options, and the one you choose can make you a lot of money or give you a lot of pain. Let’s look at how these choices stack up, one strange and annoying fact at a time. Continue!
Let’s begin with money in hand. If you sell your Tesla yourself, it’s like having a yard sale with a sports car theme. When you sell something privately, you are in charge, both figuratively and literally. Most statistics says you’ll make hundreds or even thousands more. Kelley Blue Book says that the average price for a private sale is 10 to 20 percent more than trade-in offers. That’s not a little amount of money. It could mean the difference between going away for the weekend and merely buying groceries. People really want Teslas, especially because they are so reliable and have so many cool features.
In the meantime, trading is the fast-food option. You can have your new car in half a day by driving up, giving the keys to the dealer, and leaving. Dealers make money off of the ease, so you often give up some value for a quick transaction. You don’t have to do much paperwork, haggle, or take pictures (your camera roll will be happy about that). The cheaper cost usually includes getting the car ready for sale, which means cleaning it, checking it out, and dealing with purchasers who aren’t sure what they want. After all, time is money.
Selling on your own? Get your calendar out. You’ll need nice pictures, a great ad, and the ability to answer inquiries like “Will you trade for my jet ski?” You might meet more strangers than you planned because the first one doesn’t show up. You should clean up both your Tesla and your schedule before the test drive. Think about how these items could make things more difficult if you owe money on your loan or have expensive customizations.