Tesla ends resale value guarantee

July 15, 2016

Tesla Motors has ended its guaranteed 50% resale value offer for new cars sold on hire purchase in the US, but has yet to confirm if the decision will extend to European markets. The change does not affect leasing or PCP offers.

Under the guarantee customers could return a vehicle after three years and up to 45,000 miles. Tesla in the US has disclosed its total liability created by the guarantee is $1.58 billion. The liability does not include revenue it would receive back from selling the vehicles on the second-hand market.

Tesla in the UK offers a similar scheme, but dealer staff say it is still offered and they have not been informed of any changes.

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March 31, 2017

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