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Tesla Australia Announces Guaranteed Buyback Program Photo:
 
 
Trevor Collett | Mar, 12 2015 | 0 Comments

Tesla Australia has announced a new financing program for its local customers, promising a guaranteed buyback value at the end of the ownership experience.

Called 'Tesla Resale Value Guarantee', the carmaker says the program will “assure Australian customers that the future resale value of Model S will be among the highest of any premium sedan made in volume”.

If customers decide to take up the offer, their base model Tesla Model S 60 will be bought back by the retail store for 50 percent of the base price between months 36 and 37 of ownership.

Options, including the ‘option’ to upgrade to the Model S 85, will be repurchased at 43 percent of the base price after 36 months.

At this stage, the buyback program is only available to eligible new Tesla customers who purchase their cars through Tesla’s finance partner (Macquarie Leasing).

Of course customers who have fallen in love with their Model S up to the 36-month mark can choose to keep them, rather than sell them back to the retail store.

“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,” Tesla Australia’s Heath Walker said.

“I am proud that Tesla can offer Model S owners increased confidence in the value of their purchase.”

The carmaker believes the resale value is boosted somewhat by the cheaper ownership experience compared to an equivalent luxury car with an internal combustion engine.

Tesla estimates fuel cost savings of around $125 per month, and offers free use of its Supercharger network for the life of the car.

For more coverage of the Model S, including our full reviews, see the links below.

MORE: Model S REVIEWED
MORE: Model S PRICE and FEATURES
MORE: Superchargers From Melbourne To Brisbane
MORE: Tesla Australia Open For Business
MORE:
How Does The Model S Stack Up In Australia?
MORE: About the Tesla Model S

 
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