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Tesla starts accepting Cybertruck trade-ins, confirms insane depreciation (35-45%) (electrek.co)

submitted 22 hours ago by commander@lemmy.world to c/cars@lemmy.world

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[–] jqubed@lemmy.world 16 points 21 hours ago* (last edited 21 hours ago) (1 children)

The first Cybertrucks started shipping in November 2023 but most were more after the start of 2024, so at best it’s a 1½ year period.

The article showed a screenshot of an owner who had tried Tesla’s online trade-in estimate with a 2024 that had only 6,211 miles on it.

From the article:

Tesla sold a brand-new 2024 Cybertruck AWD Foundation Series for $100,000. Now, with only 6,000 miles on the odometer, Tesla is offering $65,400 for it – 34.6% depreciation in just a year.

Pickup trucks generally lose about 20% of their value after a year and 34% after about 3-4 years.

It’s also wroth nothing that Tesla’s online “trade-in estimates” are often higher than the final offer as noted in the footnote o fhte [sic] screenshot above.

On Car Guru, the Cybertruck’s depreciation is actually closer to 45% after a year and that’s more representative of the offers owners should expect from dealers.

EDIT: corrected mileage from screenshot

[–] sunzu2@thebrainbin.org 0 points 20 hours ago

Peak luxury car behavior. This is affluent peoples FAFO moment lol