Trading in your current vehicle for a New or Used Tesla?

Thinking about Trading in your current vehicle for a new or used Tesla?

Can you trade your vehicle in with us and purchase a Tesla? Absolutely.

It’s seems crazy to us but one of the most frequent questions our team is asked is, “can you trade your current vehicle in for a Tesla?” The answer is yes, but there’s a lot more to it than that. Tesla’s bold mission is to electrify the the motoring world. But with that said, retail sales of non-Tesla used vehicles does not appear to be part of their strategy. That means that they may not give you the best value for your trade-in.

At Company of Cars, we view your trade as an asset that allows you to unlock equity and significant tax savings. We WANT your trade in vehicle, so whether you’re buying a used or previously owned Tesla from us, or want us to help you arrange a Tesla purchase with Tesla themselves, we’re here to help!

— so yes, yes we’ll take your trade-in for a Tesla!

Licensed by
Automotive Retailers Association

If you’ve visited your local Tesla showroom and inquired about trading in your current vehicle and upgrading to something in Tesla’s lineup, you may not have liked the trade-in value they presented. It makes sense of course. Tesla isn’t interested in your used vehicle. Tesla is a technology company that happens to sell state of the art ground breaking vehicles. They aren’t in the used car business and they don’t want to be. That’s where we can step in and help. In most cases you will receive a tax savings of anywhere from 12% to 25% of your trade’s value depending on which model you order!

Tesla Model S

Just like Tesla, we accept all makes and models of cars, trucks, vans and SUVs for trade-in towards the purchase of a Tesla. The difference between us and Tesla is that we actually want your trade! Our completely transparent process is straightforward and easy to follow and will leave you in no doubt that you are receiving top dollar for your trade. We don’t rely on antiquated valuation tools like Canadian Black Book or Kelly Blue Book for a valuation. We use cutting edge data aggregations tools and access wholesale auction data to produce true retail sold data for vehicles just like yours to help us assess value. Here’s an example:

To get a trade-in value before ordering your Tesla, you can either bring your trade to us to have it evaluated or, if it’s more convenient, you can make arrangements to have one of vehicle valuation experts come to you to assess the vehicle in person. 

Once you have determined which model of Tesla you would like to order we have one of our Vehicle Valuation Experts assess your trade. They will generate a CarFax vehicle history report and go over your trade in vehicle’s history with you. They will also go through the vehicle to highlight any deficiencies or defects that might affect value. Once we agree on a valuation it’s simple, we just go right ahead and order your car online through Tesla.

Yes. Even if you are still making lease or finance payments you can trade in your vehicle. Our Financial Services Managers calculate the payoff amount, as well as any applicable early termination penalty. Our FSM will determine equity (positive or negative) that will be added to your Motor Vehicle Purchase Agreement. You don’t have to worry about paying out your lease or loan in full prior to trading in your current vehicle. In certain rare cases there may be restrictions on some leased trade-ins depending on the lender or lessor.

Absolutely! Our Financial Service Manager’s are some of the best in the industry and can arrange financing, personal and corporate lease, as well as insurance and warranty products. You can learn more financing or leasing a Tesla here

Yes you can! Although Tesla only allows you to trade one vehicle per transaction, we have no restrictions on how many trades you can apply. If you can title it you can trade it. This means that we can also accept your used boat, powersport vehicle, or motorcycle on trade.

In most cases trade in values are guaranteed for 45 days and up to 2000 kms. For certain scenarios where a transaction may take longer to complete we may give a range of values.

A disclaimer from our Legal team:
Our legal team would like to remind you that Company of Cars is not Netflix. Nor are we associated with Netflix … or with couches … or with watching Netflix from a couch. We just want you to know that we make it super simple — and free — to see what your car is worth using the no obligation form on this page. Thank you.

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