How do you sell a Tesla?

What’s the best way to sell my Tesla? I ran into some financial problems recently, and I’d like to sell my Tesla to help pay for a cheaper car.

Answer
While financial trouble can be frustrating, your Tesla is a great asset in times of need! Selling your Tesla will work a lot like selling any other car. You’ll need to find the right paperwork, sign over the title, and report to the DMV.
Follow these steps to sell your Tesla:
  • Research your car to find a reasonable asking price.
  • Find a buyer and agree on final sales terms.
  • When you finally sell your Tesla and money has changed hands, you’ll need to transfer the title. As the seller, you’ll only need to fill out the required information—such as odometer reading and condition—and sign the back of the document.
  • Write up a bill of sale—you can find the document on your state DMV website.
  • Remove it from your insurance.
Remember, you should only take your old car off your insurance after it’s in the new owner’s possession. If you take it off, you may be responsible for any damage it incurs.
Once you find your new car, use Jerry to make sure you get the best rate on the coverage you need. A licensed broker, the Jerry app helps users save an average of $879 per year on car insurance—and it only takes a minute to sign up!
Liz Jenson
Answered on Nov 20, 2021
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