Tesla Cybertruck Trade-Ins

Tesla has officially started accepting Cybertruck trade-ins. Until now, the EV maker has not allowed Cybertruck trade-ins, even from devoted Tesla fans eager to upgrade to a higher trim Cybertruck.

However, as of today, Tesla appears to have updated its internal policy and has started accepting Cybertruck trade-in offers.

Vin, a Cybertruck owner from Princeton, New Jersey, was the first person to report on this change.

Vin is a Tesla enthusiast and the owner of a Foundation Series Cybertruck. Out of curiosity, Vin submitted a trade-in request for his Cybertruck, and to his surprise, Tesla responded with a firm offer to buy his all-electric truck.

Vin revealed that Tesla has offered him $65,400 for his 2024 Foundation Series Cybertruck, which has been driven 6,200 miles.

Brand new, this vehicle cost $100,000 before Tesla’s mandatory $2,500 doc and destination fee.

However, after 6,200 miles, Tesla reports that Vin’s Cybertruck has depreciated by more than $35,000, representing a decline of over 35% within a year.

In other words, the Cybertruck depreciated by over $5.6 for every mile the owners drove the all-electric truck.

This level of depreciation would frustrate most people; however, Vin appears happy with the trade-in value he received from Tesla.

Vin specifically highlights the difference between the trade-in offer he got from Tesla and the one from Carvana.

In the past few weeks, we’ve reported that Carvana was offering only $54,000 for a less-than-a-year-old Cybertruck with under 10,000 miles and a clean title.

Since then, Carvana Cybertruck offers have gone to as low as $49,000, which means a 51% depreciation over a year.

However, going back to Vin, comparing Carvana’s offer with the trade-in offer he got from Tesla, the Cybertruck owner seems happy.

The still surprisingly pleased Cybertruck owner shared his trade-in offer on the Cybertruck Owners Club forum.

He writes...

“Last I checked, Carvana was around $ 56- 57k, Tesla is offering more.”

Below his post, Vin shared a screenshot from his Tesla app showing a detailed trade-in offer he received from the EV maker.

The Tesla email reads…

“Your Trade-In Estimate

Trade-In Vehicle

2024 Tesla Cybertruck

All-Wheel Drive

Odometer

6,211 miles

VIN

7G2CEHED9…

Trade-In Estimate

$65,400”

Looking at the comments, while Vin seems to remain positive about the amount of money Tesla is offering to buy his Cybertruck, other Cybertruck owners appear to be more concerned.

A fellow Cybertruck owner, Robert from Idaho, says…

“Good thing I plan on driving mine until I die. There’s no point in trading in/upgrading with that low of an offer.”

Another Cybertruck owner, Dalton, seconds this sentiment, writing…

“Same, plus I’m gonna see if I can reincarnate as the next owner so I can maximize my return on investment.”

Overall, looking at the comments, Cybertruck owners seem unhappy with how much Tesla says their Cybertruck has depreciated over the past year. However, please let me know what you think in the comments.

Share your ideas by clicking the RED “Add new comment” button below. Also, be sure to visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image 1: Courtesy of Tesla, Inc.

Image 2: Screenshot from Vin’s post on Cybertruck Owners Club forum; reposed under fair use copyright rule.

For more information, check out: Several Tesla Cybertruck Owners Are Reporting that Their OEM Off-Road Light Bar is Flying Off the Roof in the Middle of the Highway; However, One Owner Says, “It’s Okay, I’ve Another Cybertruck to Drive”

Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.