Ace, a Cybertruck owner from Arizona, says he’s looking to trade in his Cybertruck to buy another one.
The main reason he’s doing this is because of Tesla’s latest 0% APR promotion. Ace wants to trade in his current Cybertruck, which has a higher interest rate, for another Cybertruck with a 0% interest rate and free lifetime supercharging access.
Ace is happy with this decision; however, what surprised him was when he tried to trade in his Cybertruck to Tesla, the EV maker deducted his trade-in value, saying the truck has “physical damage.”
Given that he hasn’t been in any accident and Tesla only calculated the trade-in offer based on the VIN and pictures he provided, Ace is convinced that the “physical damage” Tesla is referring to is related to the wrap and magnetic stickers he has put on his truck.
Confused by this decision, Ace went on the Cybertruck Owners Club forum to discuss his situation.
Ace writes…
“How much did Tesla give you for your Foundation Series Cybertruck AWD? If you don’t mind sharing, what was your trade-in value? Was any physical damage deducted? What was your mileage?
My truck has just over 9,000 miles, and Tesla offered me $66,500, saying they found “physical damage” in my photos.
I’m guessing this refers to the wrap? Just trying to understand how much of an impact that has.”
Below his post, Ace shared a picture of his Cybertruck wrapped in blue and with multiple magnetic stickers attached to the stainless steel vehicle.
Looking at the comments, the first thing fellow Cybertruck owners wanted to know was why Ace is selling his truck.
In response, Ace writes…
“I’m trying to schedule my Cybertruck AWD with free lifetime supercharger access pickup before Monday so I can still get the 0% APR.
The deal is mostly done (insurance binder, etc.).
I'll give up my aftermarket modifications for that, and I'll redo them. It sucks, I love my wrap, Xpel armor, and fiber optic starlights.
But I will love free supercharger access more.
Everything else is transferable. I’m going to dismantle the blue truck today—S92 mirror, light bar, side steps, wheel caps, bed contents, molle panels, Cybertruck hardware, etc.
They just sent me my trade offer, and it said they identified “physical damage” in my pictures, which probably means my wrap and light bar.
The offer was $66,500. What do we think? Try CarMax or just accept that?
There is literally nobody to complain to at Tesla about this. Nobody I’ve been able to reach on the phone, at least.”
Besides questioning why Ace was selling his truck, another concern fellow Cybertruck owners brought up was that Tesla is subtracting his trade-in value and classifying a wrap and magnetic stickers as “physical damage.”
A fellow Cybertruck owner, Koolio from Massachusetts, writes…
“Regarding the 'physical damage,' after seeing your pics above, my guess is Tesla is lowering the trade-in value because of the stickers on the rear passenger door and the graphic on the hood.
I’m also guessing they are considering the labor costs associated with removing them. So, I wonder if you can remove most of it (not the wrap, obviously, but it’s possible), they might bring the trade-in price back to the original offer.”
A second Cybertruck owner, Mark from Pennsylvania, agreed and shared that when he traded in his Model Y to buy a Cybertruck, Tesla offered him a lower trade-in value because of aftermarket add-ons he had installed on the all-electric crossover.
Mark writes…
“The aftermarket accessories definitely make a difference when trading in a Tesla. I traded in my 2020 Model Y Long Range with 31,000 miles as part of my Cybertruck purchase.
The automatic trade estimator quoted me $20,500. When I sent them photos of me swiveling the screen and showing cosmetic issues, I received an offer of $19400.
They told me this was because of all the extra stuff. I asked what the offer would be if I removed all the aftermarket items to see if it was worth the effort.
They said it would increase to $21500. For $2100, I removed all the custom items, and they kept their word. I can't say what numbers they would give you, but aftermarket upgrades definitely matter to them. Good luck, and congrats on the new truck.”
Overall, looking at the comments, Cybertruck owners appear to be okay with Tesla treating a wrap and magnetic stickers as physical damage.
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: Screenshot from Wrap Lab YouTube channel
Image 2: Screenshot from Mark’s post on the Cybertruck Owners Club forum. Resposted under the fair use copyright rule.
For more information, check out: A Tesla Cybertruck Buyer Asks “What Did I Get Myself Into?” After Visiting a Tesla Delivery Center – Adds, “The Lot is Overrun With Cybertrucks; They’re Filthy, Rusted & Look Abandoned”
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.
Comments
Maybe Tesla thinks you are…
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Maybe Tesla thinks you are trying to cover up physical damage with the wrap and stickers. Some people have done that.
In any dealers eyes, it is…
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In reply to Maybe Tesla thinks you are… by Keith (not verified)
In any dealers eyes, it is physical damage, unless it is Factory wrapped the value is diminished. Tesla would either wholesale that car or remove the wrap which both cost them money.
For some reason people just…
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In reply to In any dealers eyes, it is… by Rich (not verified)
For some reason people just don't understand. Anything you do to your vehicle to "improve" it is considered "damage" by a car dealer. They sell factory original cars and if it's not factory original it's worth less. It's very simple common sense stuff. Just because you and your lack of taste thinks it's cool, doesn't mean it is.
Exactly Rich. 18 years in…
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In reply to In any dealers eyes, it is… by Rich (not verified)
Exactly Rich. 18 years in the car business And I'm reading this article like where's the problem? And I know what the problem is The problem is bash Elon musk and his companies every chance you get. You know I could not live my life with that much hatred in my heart
Any reason Tesla can find to…
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In reply to In any dealers eyes, it is… by Rich (not verified)
Any reason Tesla can find to screw their customers over again. Nobody sees a problem with magnets sticking to the stainless steel body panels? Stainless steel is not supposed to be magnetic. It's cheap garbage. I swear these rich scumbags didnt get rich because their geniuses. They got rich because they're scumbags.
Why would you buy a so…
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In reply to Maybe Tesla thinks you are… by Keith (not verified)
Why would you buy a so called “truck” that is glued together, has lost value because the owner of the company is a known drug abusing racist? They’re losing value just sitting in the car lot.
EVERY vehicle has some glued…
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In reply to Why would you buy a so… by Tom (not verified)
EVERY vehicle has some glued on panels. And the only racists are the people attacking Tesla owners and destroying chargers and property. You obviously have trump Derangement Syndrome and can't tell a.man.from.a woman. Grow a pair and confront a Republican face to face, you cuk.
That was just a nonsensical…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
That was just a nonsensical word salad.
What a fragile snowflake.
I'm a pretty hard leaning…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
I'm a pretty hard leaning conservative. That said... Elon is most definitely a racist Nazi.
Growing a pair would mean I…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
Growing a pair would mean I'd have to become a man, so... Are you against the idea, or not? Make up your mind, either suc Tramp's boots or burn them, there's no in between lmao
Well said and exactly what…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
Well said and exactly what that guy needed as a reply. And the whole ad written here is ridiculous, any aftermarket modifications to any vehicle be it a Tesla GM, Toyota Honda you name it anything aftermarket is personal to the owner and brings down value on any and every vehicle, I don't even understand why the author of this wrote it, everybody understands that modifications to a vehicle are personalized to their preference and devalues the vehicle, why do they think that people look for all original parts on a classic, because anything modified takes away from the value it's like a 67 and a half Mustang if it was all original it'd be astronomical value but if it's all modified in any way small or large it instantly could take $25,000 off the value or $50,000.
The comment was correct, you…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
The comment was correct, you rich snobs have low ethics willing to buy from a company whose CEO made Nazi salute for Trump, an ajudicated sleeze rapist .
The damage done if true was uncalled for, but people are angry at Elon for stealing their data.
Nd you apparently don't know…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
Nd you apparently don't know the difference between Musk and Trump, so your opinion is null and void.
The only people destroying…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
The only people destroying chargers are right wing nutjob MAGAts. Whose a cuck now?
Seems like you're u may have…
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In reply to EVERY vehicle has some glued… by Shane (not verified)
Seems like you're u may have tdims... Trump dick in .mouth. syndrome. Poster said nothing about trump yet you felt the need to defend the alpha 😂. That said, other cars have glued on panels but they actually stay glued on and use mechanical fasteners in addition and Tesla owner isn't a race, so attacking a them isnt racist
Proof, else you're a liar!
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In reply to Why would you buy a so… by Tom (not verified)
Proof, else you're a liar!
Brother, you are perhaps…
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In reply to Why would you buy a so… by Tom (not verified)
Brother, you are perhaps mentally ill.
Maybe you shouldn't have…
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In reply to Maybe Tesla thinks you are… by Keith (not verified)
Maybe you shouldn't have gotten a cyber truck That's your own fault
More than likely they didn’t…
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In reply to Maybe Tesla thinks you are… by Keith (not verified)
More than likely they didn’t call it damage, but an inconvenience to have the wrap removed before selling. So they probably said that they would have to charge fore the removal of the wrap and any pending damages they find under the wrap.
More than likely they didn’t…
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In reply to Maybe Tesla thinks you are… by Keith (not verified)
More than likely they didn’t call it damage, but an inconvenience to have the wrap removed before selling. So they probably said that they would have to charge fore the removal of the wrap and any pending damages they find under the wrap.
If there is no damage under the wrap then just remove the wrap yourself.
I've spoken to the highest…
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I've spoken to the highest rated wrap people in my area and they all say that if they installed it, they would remove it for free. I can't speak for everyone, obviously.
This was not at all…
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This was not at all surprising. Newsflash: A wrap on any vehicle will reduce the value. Whether he was actually told it counts as damage or not who knows, I suspect he was told it is the same as damage. Don't know, don't care. I suspect the fellow needs to go somewhere else and be stupid.
Sounds like a typical Tesla…
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Sounds like a typical Tesla owner. After overpaying for a hunk of junk, then ruining it, you want “full price” for your entitled mess. Sorry, you broke it, you bought it.
I had exported my cybertruck…
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I had exported my cybertruck to Bahamas and discovered that the full self drive supervised don't work here and also the premium connectivity does not work here . Can anyone advised or say why?
Trades in $120k vehicle for…
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Trades in $120k vehicle for 60k to get another one at 110k with 0% financing. Are all Tesla owners completely financially illiterate?
If he’s one of those people…
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In reply to Trades in $120k vehicle for… by Anthony (not verified)
If he’s one of those people that financed at 10% for 10 years, 0% and free supercharging might add up. But as soon as he takes possetion of the second one, it’ll depreciate 50% and he will have vaporized an entire cybertruck’s worth of money and still have a loan for 110k. Also a gaudy-ass wrap like that makes it harder for anyone to deal with reselling it. This person is probably as dumb as a box of hammers.
I guess you missed the part…
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In reply to Trades in $120k vehicle for… by Anthony (not verified)
I guess you missed the part about free lifetime supercharging or you aren’t aware of the value that adds if you frequently take long trips, or don’t have access to a residential charger and use them as your primary source of charging.
Where do they find these…
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In reply to Trades in $120k vehicle for… by Anthony (not verified)
Where do they find these morons who buy this junk? You modify it then it will lose value. The people who buy this want attention probably due to low self esteem. It is like driving around in a microwave with EMF and these things catch fire easily. PS: I am not an Elon hater or lover. The owners are idiots. I modified it and added a bunch of junk but I should not take a $60k hit. Epic stupidity.
It's because removing a wrap…
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It's because removing a wrap from the stainless steel is a nightmare. It's not the same as a vehicle that has a smooth urethane clear coat. So yeah, you damaged your new cyber truck when you had it wrapped dummy.
The trade-in value would be…
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The trade-in value would be based on any difference from the original, new condition of the vehicle. Resale of an altered vehicle would be contingent on whether or not the buyer liked what you did or not... and the dealer (Tesla or otherwise) would have to calculate either the cost of returning the vehicle to original condition or the risk of having a vehicle sit on their lot until the right buyer came along. Few if any vehicle alterations increase the value of a vehicle... almost all detract from it. Vehicle alterations, no matter how benign to you are usually a red flag to dealers... and they should be to buyers too. Why did you do it? What are you hiding? Will the vehicle run properly now? Will it cause problems in the future? Modified cars, whether done by someone who knows what they are doing or by any amateur with questionable knowledge/skills... they're just worth less, and sometimes, worthless.
Pagination