Are you a little apprehensive at the idea of spending a lot of money on an electric car from Tesla? We suppose many of you guys are, but what Tesla did in the past was create a Resale Value Guarantee program, in which it more or less guaranteed the resale value of a Tesla Model S after three years when purchased through the company’s loan financing program.Basically if you weren’t happy with your purchase, you could resell it at a price that Tesla guaranteed, thus giving customers a little peace of mind knowing that they won’t lose too much if they decided to resell their Model S. Unfortunately it seems that Tesla has decided that their cars are selling well enough to speak for themselves, and have since confirmed to The Verge that the Resale Value Guarantee program will be coming to an end.
Note that this only applies to customers who purchased Tesla’s cars after the 1st of July. This means if you’re currently with the program, you’ll essentially be grandfathered into it as long as the contract states.
A Tesla spokesperson said in a statement, “We have discontinued the Resale Value Guarantee program as of July 1 so that we can keep interest rates as low as possible and offer a compelling Lease and Loan program to customers. We will continue to support customers currently financed through the RVG program.”
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