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How can I trade in my car for a Tesla?
I finally paid off my car and I want to upgrade. I’d like to make the switch to an electric car, so I want a Tesla. What’s the best way to trade in my car for a Tesla?
Emily Maracle · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on paying off your car! It takes a lot of commitment to do so. If you’re looking to upgrade to a
Tesla
, you’re in luck; Tesla offers a trade-in program. Once you place your order for a new or used Tesla, you can access trade-in information through your account. Tesla accepts:
- Passenger cars
- Trucks
- Vans
- SUVs
To receive an offer, your account must list information about your trade-in vehicle, including:
- VIN
- Zipcode
- Photos
- Mileage
After a Tesla advisor reviews the information, you’ll receive a trade-in offer. Tesla uses market value and
actual cash value
to determine the trade-in amount. If you agree and would like to move forward, you will need to hand off your old vehicle at delivery. The amount you receive for your trade-in will go towards the cost of your Tesla.
Since you’re planning on getting a new car, ensure you have the proper car insurance protection with the number-one-rated car insurance app,
Jerry
. Once you download Jerry, answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $879 a year.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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