A Tesla Cybertruck Owner Says Carvana Offered Him $59,400 for his 3 Month Old Cybertruck With Only 2,000 Miles – “A Few Weeks Ago They Were Offering $80,000”

Francis Pham, a Cybertruck owner from Virginia, recently attempted to sell his 3-month-old Cybertruck with only 2,000 miles on it.

However, Francis was surprised to discover that his truck had depreciated by over $20,000 in just three months.

Specifically, Francis tried to sell his Cybertruck to the used car retailer Carvana.

After three months and 2,000 miles, Carvana offered Francis $59,400 for his Cybertruck, which originally cost $80,000.

However, although he is surprised to see how much his Cybertruck has depreciated over the last three months, Francis says that thanks to Tesla’s incentives, he’ll still come out ahead even if he sold his Cybertruck at this price.

Still surprised by the trade-in offer he received from Carvana, Francis shared a post in the Tesla Cybertruck group on Facebook.

Francis sarcastically writes…

“You’ve got to love Carvana's lowball offer—no haggling involved. If you accept the offer, they turn around and resell it for $75k on their website.

I was just testing the site. The truck has 2,000 miles and is only 3 months old. Still, I’d come out ahead."

Below his post, Francis shared a screenshot of his Carvana offer, which reads…

“Your 2024 Tesla Cybertruck offer is here!

CARVANA

YOUR OFFER IS READY

Expires Wednesday, April 2

2024 Tesla Cybertruck

$59,400”

Over $20,000 in depreciation in just three months is not ideal; however, to make matters worse, other Cybertruck owners say that if only Francis had sold his Cybertruck to Carvana a few weeks ago, he could have fetched more than $80,000.

In response to Francis’s post, a fellow Cybertruck owner, Ryan Matthew, writes…

“A week ago, Carvana was offering $80,000 for my non-Foundation Series Cybertruck with 9,000 miles.”

Considering that the Cybertruck is priced at $79,900, brand new from Tesla, Ryan claims he could have sold his 9,000-mile Cybertruck to Carvana and purchased a brand new one for less.

He writes…

“You could buy a new one cheaper. I think people took advantage of it, and they took in too many in the last few weeks, so now they aren’t offering anything.”

Unfortunately, even though Ryan received a higher offer for his Cybertruck than it is worth as a brand new vehicle, he took too long to decide and says now he has to face the depreciation.

Ryan writes…

“I was going to sell it to them and buy another… I waited too long, apparently.”

It seems that the issue here is that Carvana took too long to adjust its Cybertruck prices after the initial excitement for the vehicle, during which resale prices soared above $200,000.

However, being a large corporation, it appears that Carvana did not quickly adjust prices to match the shifting sentiment about the vehicle.

Looking at the comments, despite how much the vehicle has devalued, some Cybertruck owners say they’re still happy they bought the vehicle.

A fellow Cybertruck owner, Richard Mul, writes…

“I don’t care how much I paid for my Foundation Series Cybertruck. I knew very well what would happen months later as the hype came down.

To me, it’s worth every single penny I put in, and I would do it again. I did not buy the truck for the people to see me or the value… I BOUGHT THE TRUCK FOR ME!”

Overall, listening to Cybertruck owners, most still say they love the truck despite how much it devalued. However, please let me know what you think in the comments. Share your ideas by clicking the RED “Add new comment” button below. Also, make sure to visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image: Screenshot from Francis Pham’s Facebook post

For more information, check out: Female Tesla Cybertruck Owners Share Their Experience of Daily Driving a Cybertruck – “I Avoid Eye Contact With Other Drivers on The Road”

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.