If you’re looking to board the EV (electric vehicle) train, you’re probably looking at what Tesla has to offer or at least consider it as one of your major prospects. After all, Tesla is highly desirable as a new and alternative car brand. One of the most common questions that car buyers have regarding Tesla is their trade-in policies. Can you trade in your old vehicle for a Tesla? Does Tesla even have a trade-in program?

For many car enthusiasts, Tesla and Mercedes represent the pinnacle of auto engineering and technological luxury. Both stand at the top of their respective markets and make some of the best cars on the market today, but neither offers particularly cheap cars. If you’re looking for a new daily driver, you might have to choose between the two manufacturers, and a simple breakdown of each might help make your buying decision easier.

Photo by Hiroyoshi Urushima on Unsplash Buying a new car is an investment, but it’s about more than just getting a fair price for a reliable and high-quality vehicle. It’s more like buying stock: you purchase a car at market cost and then watch the value of that car fluctuate as it ages. And if you choose to sell or trade-in your vehicle in the future, you have to do it at the right time in order to avoid losing too much money.