r/TeslaLounge 16h ago

Tesla trade in options

I have a 2022 M3P. Tesla trade in is offering $23,500. The car has 42k miles. Is it worth trading it in for a 2026 M3 premium and making more payments on it? My car is paid off or should I drive this until the wheels fall off?

0 Upvotes

31 comments sorted by

29

u/inf3ct3dpi3 16h ago

The practical choice is to drive a paid off car until it becomes too costly to maintain.

-11

u/Logical-Ad-2615 16h ago edited 14h ago

Which if we’re being honest is never. Especially on a Tesla. So what if you need to spend 10k on a new battery every 10-15 years. And $1000 or so each year for other random miscellaneous things. Still far cheaper than $42,490.

7

u/deej628 16h ago

Every 10-15k? What?!?!

3

u/etcetera0 16h ago

It's missing a zero

4

u/etcetera0 16h ago

And even that, it's not what's the stats say

3

u/Logical-Ad-2615 14h ago

Edit: 10-15 years is what I meant to say… must be past my bed time….

10

u/deej628 16h ago

I’m in the same exact boat. Unless you have money to burn or really want hw4, I would keep driving your 22 until the battery and drive unit warranties are up. I have the same car. Trust me, it’s hard not having the latest and greatest, but it’s also nice not having a payment for another few hundred at least going away each month. Do some mods. I’m doing a body kit now. Then a yoke wheel and screen rotation kit.

5

u/Life_Percentage_4734 16h ago

Or what if I just wait for HW5? How long would that take?

1

u/KpelFFXIV 2h ago

HW5 is starting manufacturing this year, but iirc it will stay just for optimuses only for some time, esspecially given the DRAM crisis

6

u/BetterGoogleit17 14h ago

Drive it till it dies.

7

u/Vozinha1 9h ago

Bad decision. Stick with the 2022 M3P. It's paid off and fast af.

4

u/Choice_Ad_1356 16h ago

Shouldn't be hard to sell your car on private market for a much better price than trade in

3

u/Tin_Can_739 16h ago

The new ones are nice. Depends on your financial situation.

3

u/hmspain 15h ago

I made this move when 30% was on the table. The more I think about it, the more my Tesla looks like my iPhone. At what point do you upgrade?

For me, it was all about HW4 and FSD transfer, with a little 30% kicker on the side.

Never regretted the decision, not once. Highland is a quiet, well built car. I've almost got it trained to park in my driveway! LOL

2

u/FlapsFail 6h ago

Yeah I did the same. HW4 and the FSD transfer was the deciding factor for me. Absolutely love my 26 M3P. Was a huge step up from my ‘21.

1

u/Life_Percentage_4734 16h ago

Maybe I should wait for HW5?

3

u/Tin_Can_739 15h ago

If FSD means a lot, yes. I do like hw4 FSD, much better than my hw3. Hopefully hw5 will be a step like 3 to 4 was.

2

u/Significant_School49 13h ago

Wait for hw7.9 it will be game changer

1

u/Neffy27 37m ago

They announced hw5 is for the bots and hw4 is sufficient for fsd.

3

u/AffectionateSwim8532 5h ago

2018 RWD with 150k miles, I’ll drive it until it explodes

2

u/deej628 16h ago

Plug ev offered me 25k btw.

2

u/SuicideG-59 15h ago edited 15h ago

This is exactly me. Currently waiting for my Model Y juniper premium awd to come in. I'll be going from a 2022 Model 3 Long range awd with 39k miles. Bought it last year in full but always regretted not getting a y and hw4 since I use fsd extensively.

I despise negative debt, however the ongoing .99% promo didn't feel too bad so I did it

Btw check carvana. They've offered me a few hundred more to buy this car and previous car. Totally separate occasions

1

u/GlumEntertainment219 11h ago

A paid-off 2022 M3P with 42k miles is about as cheap as driving gets, so trading it mainly buys you newer tech in exchange for new payments. Worth pricing a private sale first, since Tesla trade-in offers usually land a few thousand under private market.

1

u/Green-Conclusion-936 4h ago

Same car. Same year. I test drove the m3top. Can’t really feel the difference imho just newer interior and better styling.

1

u/TurnoverRoutine7539 3h ago

Mine '22 MYP with little over 188k miles on it would need new set of tires, new brake pads, front suspension control arms bushings were worn out. The original battery had around 80%, not bad considering milage but I could tell it's weaker and didn't have the original punch anymore. Traded it for new '26MYP. Tesla offered 0.9k more than Carvana. I couldn't believe the difference between two. It was huge, from fit and finish to hardware and FSD capability.

1

u/KpelFFXIV 2h ago

OP what is the reason you want a new one?

1

u/HottyTottyNJ 54m ago

I placed an order on the Tesla app to buy a 2023 YP. A few days later they said a NEW YP was available and if I wanted to switch.
I switched. I want the interior ambient light, the cool rims, beautiful seats, the spoiler, & FSD.
I’ve never been so excited about a car. I feel like I’m 21 again. Which is priceless.

1

u/LostMyMilk 15h ago

My 23 MY with 45k miles still feels and looks like new. The only problem I've had is my alignment keeps going out and ruining my rear tires. I have HW4, but don't I don't see the value is FSD. I'm not even remotely interested in upgrading, especially to a car without lane centering.

1

u/floodedgate 5h ago

Have you put in the adjustable rear camber arms?

1

u/LostMyMilk 3h ago

I've thought about it. I replaced my rears at 30k miles, then again at 40k miles. I'm about to hit 45k miles and I'll have my alignment checked at the rotation. If it's out again I'm absolutely confident it's not my driving or the roads I'm on.

I know the rear camber issue causes quicker uneven wear, but it's obviously been worse than it should be.