TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

How do Tesla leased cars end up at dealers

Discussion in 'Model S' started by irvineboy, Dec 11, 2016.

  1. irvineboy

    irvineboy Member

    Joined:
    Feb 9, 2015
    Messages:
    197
    Location:
    Irvine, CA
    See a one owner lease at an Audi dealer for sale. I thought when the Tesla lease is up, it goes back to Tesla and they decide what to do with it. Do they usually sell the car to non-Tesla dealers instead of selling it themselves?
     
  2. yamanote

    yamanote Member

    Joined:
    Jan 20, 2016
    Messages:
    32
    Location:
    Vancouver BC
    Likely a trade-in by the owner. Dealer pays off the car for the customer, puts him into a new car with his (potentially negative) equity factored in, then either puts it on their lot to sell or the car goes to a dealer auction.
     
    • Informative x 1
  3. murphyS90D

    murphyS90D Member

    Joined:
    Jul 2, 2016
    Messages:
    74
    Location:
    Horsham, PA
    The car is owned by the leasing company, not Tesla. Tesla got its money up front.
     

Share This Page