- Tesla is now accepting Cybertruck trade-ins, with depreciation rates up to 45% in the first year.
- Owners report trade-in offers 35-40% below original purchase prices, even on low-mileage models.
- The move follows lagging demand, unsold inventory, and earlier resale restrictions.
Tesla is now accepting Cybertruck trade-ins for the first time since the electric pickup’s launch, but the numbers are sobering for owners.
Recent trade-in offers show depreciation rates as high as 45% after just a year, with many owners seeing losses of 35-40% on trucks that cost $100,000 or more.
One owner who purchased a $100,000 AWD 2024 Cybertruck with nearly 20,000 miles received a trade-in quote of $63,100—a 37% drop in value. Another, who bought a $127,000 Cyberbeast, was quoted $78,200, a 38% loss after only eight months.
Even lower-mileage Foundation Series models have seen offers around $65,400, representing a 34-35% depreciation in a single year.
Tesla initially banned resales to prevent scalping and maintain brand control, but that policy may have delayed a flood of trade-ins from frustrated owners dealing with quality issues and shifting public sentiment.
The company’s move to accept trade-ins comes as Cybertruck demand lags, with only about 40,000 of over a million reservations converting to sales and unsold inventory piling up.
It’s worth noting that trade-in values are typically lower than private sales, and EVs as a category depreciate faster than gas vehicles—some losing up to 50% in year one.
Still, the Cybertruck’s rapid value drop stands out, signalling commercial struggles for Tesla’s hyped pickup.
Edited by Annette George
