Tesla has announced the Tesla Resale Value Guarantee. A new program that assures Australian customers that the future resale value of Model S will be among the highest of any premium sedan made in volume.
The Resale Value Guarantee provides a low risk option to eligible customers, allowing them to return their Model S to Tesla at a price that is guaranteed upfront. To give customers absolute peace of mind about the value of the car they are purchasing, Tesla is offering to buy the Model S back from the customer between month 36 and 37 for a price equal to the sum of 50 percent of the base price of the 60 kWh Model S and 43 percent of all options, including the upgrade to the 85 kWh Model S.
The Resale Value Guarantee is a benefit available to customers who have financed their Model S through Tesla’s partner program.1 Between 36 and 37 months, the customer can choose under the Resale Value Guarantee to sell the car back to Tesla or keep driving their Model S.
“Every car owner wants a fair and transparent financing program and an assurance that their car will retain its value. Only Model S gives us the ability to combine that for them,” said Heath Walker, Tesla’s spokesperson for Australia.
While this should give potential owners a little more piece of mind before dropping $100K on a Model S, when comparing the total cost of ownership to other vehicles, including resale, it’s import to remember something. Throughout the time you have the vehicle, you’ll be accumulating fuel savings of approximately $125 per month, as well as a reduced Luxury Car Tax savings of over $4,570. Owners also have the ability to use Tesla’s Supercharger network for free, great for long distance driving. This is expected to be completed in 2017.