Rivian surpasses Tesla! In depreciation...

[tbinmd]

EV's are lead balloons when it comes to depreciation, doesn't matter which brand. This is why I leased. I can swap out in 3 years and move on to the next gen.

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[COdogman]

So now after refusing to accept any CTs as trade ins, Tesla is overpaying for them to keep their other models moving.

Curious what a private sale value comparison shows for each.

 

[Donald Stanfield]

OK, trying to be helpful to the community so I provided the info I have - 2025 R1S Dual Large (price paid shown) with Performance upgrade post-purchase and I showed the mileage at time of the trade-in quote a few days ago. What else are you looking for?

If you want a Tesla comparable I paid $102K all in for my CT AWD in June 2024 and received a Tesla trade-in of $73,700 ten days ago (up from $65,400 a few months ago). So under $30K of depreciation with triple the mileage and double the age. Does that help you?

The mileage and age mean nothing when it's this new. It's all about the initial depreciation hit when it's only a year old.

 

[Donald Stanfield]

So now after refusing to accept any CTs as trade ins, Tesla is overpaying for them to keep their other models moving.

Curious what a private sale value comparison shows for each.

When Tesla has $ 100,000,000 worth of CT inventory sitting, unable to be sold, it can't be that high. Comparing Rivian with the abysmal failure that is the CT is quite amusing, especially since, as you said, Tesla is trying to prop up sales for the rest of its inventory, as its sales are down dramatically overall.

 

[NeedSumCoffee]

OK, trying to be helpful to the community so I provided the info I have - 2025 R1S Dual Large (price paid shown) with Performance upgrade post-purchase and I showed the mileage at time of the trade-in quote a few days ago. What else are you looking for?

If you want a Tesla comparable I paid $102K all in for my CT AWD in June 2024 and received a Tesla trade-in of $73,700 ten days ago (up from $65,400 a few months ago). So under $30K of depreciation with triple the mileage and double the age. Does that help you?

Take Tesla trade in number with a grain of salt. The system has been glitching out for the last 3 weeks and sending out incorrect numbers. Tesla is aware of it, but numbers have been jumping all over place. People are reporting that one week it is 65k, then 100k, then 80k, ect.

Also Tesla currently has new 2025 AWD Cybertruck demos in stock with much less miles than yours for $71k w/ 1 yr of free supercharging. Very unlikely they would actually give you $74k trade in for a vehicle work $60-65k. You are realistically looking at $40k in depreciation for 1 year.

 

[carsly]

Take Tesla trade in number with a grain of salt. The system has been glitching out for the last 3 weeks and sending out incorrect numbers. Tesla is aware of it, but numbers have been jumping all over place. People are reporting that one week it is 65k, then 100k, then 80k, ect.

Also Tesla currently has new 2024 AWD Cybertruck demos in stock with much less miles than yours for $71k w/ 1 yr of free supercharging. Very unlikely they would actually give you $74k trade in for a vehicle work $60-65k. You are realistically looking at $40k in depreciation for 1 year.

Good to note, this quote was after Tesla corrected the $99K trade-in glitch.

That new one has base wheels, base interior, no accessories and no FSD so not quite same-same.

 

[COdogman]

When Tesla has $ 100,000,000 worth of CT inventory sitting, unable to be sold, it can't be that high. Comparing Rivian with the abysmal failure that is the CT is quite amusing, especially since, as you said, Tesla is trying to prop up sales for the rest of its inventory, as its sales are down dramatically overall.

Exactly. Trade in values have always varied more than private sales, but we all know the majority of luxury vehicles and EVs take a huge hit in year 1 (Porsche being the main exception). And trade in values from the same manufacturer are probably even less reliable. A better test would be getting trade in values from a Ford or Hyundai dealer for those same vehicles.

 

[NeedSumCoffee]

Good to note, this quote was after Tesla corrected the $99K trade-in glitch.

That new one has base wheels, base interior, no accessories and no FSD so not quite same-same.

To be fair, Tesla strips FSD from any vehicle traded in anyways. They can turn or off FSD at will. Your FSD adds absolutely zero value to the trade in (this has been a complaint with Tesla for many many years).

Adam Qureshi owns OnlyUsedTeslas and is the single largest private Tesla reseller in the country. You should join his CyberTruckForSaleByOnwers group on FB if you want to see what they are really going for. He posts weekly updates on his wholesale purchase offers. Currently he is buying 2024 low milage CT Foundation Series for $62k and non-FS for $58k. They are actively selling private party around 70-74k for FS and 65-68k non-FS. So it seems very unlikely Tesla trade in offer would be higher than the current private party value.

 

[carsly]

To be fair, Tesla strips FSD from any vehicle traded in anyways. They can turn or off FSD at will. Your FSD adds absolutely zero value to the trade in (this has been a complaint with Tesla for many many years).

Adam Qureshi owns OnlyUsedTeslas and is the single largest private Tesla reseller in the country. You should join his CyberTruckForSaleByOnwers group on FB if you want to see what they are really going for. He posts weekly updates on his wholesale purchase offers. Currently he is buying 2024 low milage CT Foundation Series for $62k and non-FS for $58k. They are actively selling private party around 70-74k for FS and 65-68k non-FS. So it seems very unlikely Tesla trade in offer would be higher than the current private party value.

Foundation Series Cybertrucks and Launch Series Model Y have the special, non-transferable, FSD so it's bound to the vehicle -- theoretically.

We haven't yet seen Tesla sell used FS Cybertrucks and Launch Series Model Y's as of yet but bet they would come equipped with FSD.

 

[NeedSumCoffee]

Foundation Series Cybertrucks and Launch Series Model Y have the special, non-transferable, FSD so it's bound to the vehicle -- theoretically.

We haven't yet seen Tesla sell used FS Cybertrucks and Launch Series Model Y's as of yet but bet they would come equipped with FSD.

But we have seen a shit ton sell private party… for much less than your trade in offer. All the ones Tesla is taking in on trade are getting sent to auction and we are seeing the MMR again much less than your trade in offer. Point being, the actual depreciation of your CT is much higher than your initial estimation and much higher than your Rivian.

 

[carsly]

But we have seen a shit ton sell private party… for much less than your trade in offer. All the ones Tesla is taking in on trade are getting sent to auction and we are seeing the MMR again much less than your trade in offer. Point being, the actual depreciation of your CT is much higher than your initial estimation and much higher than your Rivian.

not really, I can trade my Cybertruck in to Tesla today and use the funds on another vehicle.

Is Tesla subsidizing Cybertruck trade-ins to facilitate purchases of the new S/X? Probably. But I could also use the trade-in credit to buy an old Model 3 and pocket the difference. Really depends on how one would thing to monetize it, if at all.

PS I'm not selling or trading in the Cybertruck.

 

[NeedSumCoffee]

not really, I can trade my Cybertruck in to Tesla today and use the funds on another vehicle.

Is Tesla subsidizing Cybertruck trade-ins to facilitate purchases of the new S/X? Probably. But I could also use the trade-in credit to buy an old Model 3 and pocket the difference. Really depends on how one would thing to monetize it, if at all.

PS I'm not selling or trading in the Cybertruck.

There is no guarantee you will get that trade in estimate. Read the disclaimer. They openly say they may "adjust it based on market conditions at the time of delivery". You’ll also find many many posts online about people having the offer reduced by Tesla on pickup day.

Realistically you can sell your R1S for 75k right now private party pretty easily. So about a 25k loss.

Realistically you can sell your AWD CT for 67k right now private party. So about 35k loss.

35>25

 

[carsly]

There is no guarantee you will get that trade in estimate. Read the disclaimer. They openly say they may "adjust it based on market conditions at the time of delivery". You’ll also find many many posts online about people having the offer reduced by Tesla on pickup day.

Realistically you can sell your R1S for 75k right now private party pretty easily. So about a 25k loss.

Realistically you can sell your AWD CT for 67k right now private party. So about 35k loss.

35>25

Sure, I could go by random online posts by people who may or may not own Teslas and may or may not have a vested interest in seeing the stock drop....

....or I can go by my personal experience which has been Tesla has always given me the estimated value in the email. I do keep my vehicles clean, well serviced and don't try to hide any damages or blemishes because there aren't any typically. If you try to fool any dealer, expect to see the trade in number reduced.

BTW, as much as I'd love to get mid 70's for my R1S those just aren't the prices I'm seeing. Cars and Bids is showing late first gen quads just over 60 with auctions not meeting reserves and only Dual Max getting mid 70's or a tick above. It is what it is. https://carsandbids.com/search/rivian/r1s?ss_id=0b444d9b-9a18-495f-b9cb-f580e61e0d29

No use splitting hairs, either way both vehicles were comparably priced new. One is a 2024 and one a 2025 and same to same - trading the Rivian in to Rivian vs. trading the Tesla in to Tesla the percentage depreciation is higher on the Rivian. I'm not getting rid of either, was really just curious.
Looking forward to R2, maybe I'll cross the streams and offer to trade my 23 Model Y Performance to Rivian. Anyone want to hazard a guess there? LOL

 

[NeedSumCoffee]

Sure, I could go by random online posts by people who may or may not own Teslas and may or may not have a vested interest in seeing the stock drop....

....or I can go by my personal experience which has been Tesla has always given me the estimated value in the email. I do keep my vehicles clean, well serviced and don't try to hide any damages or blemishes because there aren't any typically. If you try to fool any dealer, expect to see the trade in number reduced.

BTW, as much as I'd love to get mid 70's for my R1S those just aren't the prices I'm seeing. Cars and Bids is showing late first gen quads just over 60 with auctions not meeting reserves and only Dual Max getting mid 70's or a tick above. It is what it is. https://carsandbids.com/search/rivian/r1s?ss_id=0b444d9b-9a18-495f-b9cb-f580e61e0d29

No use splitting hairs, either way both vehicles were comparably priced new. One is a 2024 and one a 2025 and same to same - trading the Rivian in to Rivian vs. trading the Tesla in to Tesla the percentage depreciation is higher on the Rivian. I'm not getting rid of either, was really just curious.
Looking forward to R2, maybe I'll cross the streams and offer to trade my 23 Model Y Performance to Rivian. Anyone want to hazard a guess there? LOL

"Market Condition" clause has nothing to do with vehicle condition, damages, ect. It only has to with market value, which on Teslas is highly volatile. There is no reason that tons of people trading in their Teslas for new Teslas would all collude and lie about their trade in values being reduced to push stock down. (I mean come on)

As you admitted, the Tesla trade in value is either incorrect or they are simply being subsidized. Either way, it isnt a reflection of the actual current value or depreciation. The Rivian offer is much lower than current vault, which is a clear indication they simply don't want your car. You comparing a low offer to an admittedly subsidized offer is obviously not a 1 to 1 comparison. It doesnt mean Rivian has worse depreciation as you claimed, it only means Tesla is sitting on a massive inventory of CTs they cant sell and willing subside the purchases in order to pump up sales numbers (or that they simply havent fixed their trade in algorithms).

 

[NY_Rob]

...maybe I'll cross the streams and offer to trade my 23 Model Y Performance to Rivian. Anyone want to hazard a guess there? LOL

$25K if you're lucky.. here's what they're asking at private seller retail pricing, so of course trade in is going to be significantly less

You were warned to never cross the streams!

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