Tesla has begun accepting trade-ins for its Cybertruck after a period of restrictions on resale. This marks a significant shift for owners as they can now assess the depreciation of their vehicles. Reports from two owners reveal a staggering 37% to 38% depreciation rate within a year, suggesting that the Cybertruck's resale value may be decreasing faster than that of its contemporaries like the Rivian R1T. Tesla's estimates caution that final trade-in offers may vary based on market conditions and vehicle specifics.
Tesla is now allowing Cybertruck owners to trade-in their vehicles, revealing approximately 37% to 38% depreciation after a year, higher than typical EVs.
The company collected trade-in estimates from two owners showing a similar depreciation rate, even with a difference in mileage exceeding 10,000 miles.
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